PayPal was founded in 1998 and has been part of eBay since 2002. It is used to make online payments by logging in with your email address and password instead of having to enter your bank details every time you pay. This is why this payment system should be particularly secure. In this tip we explain to you how secure PayPal actually is.
Register with PayPal
Opening a PayPal account is completely free. You first register with your full name, address, telephone number and email address. In order for you to actually be able to make payments with your PayPal account, you have to enter a valid source of payment. You can use both bank accounts and credit cards as a source of payment. In order to verify your bank account, for example, PayPal transfers a small amount of money to this account, usually € 0.01, with a four-digit code in the reference. You then enter this code on the PayPal page. You can then shop in over 240 online shops and send money to other PayPal users.
Pay with PayPal
Paying in an online shop with PayPal is currently one of the safest payment methods on the Internet. You will be redirected to the login page via a secure connection and simply enter your email address and password. Then you can double check your order before confirming. The advantage is that the money is immediately in the seller's account and you will immediately receive a payment confirmation by email. In theory, your order can be sent immediately. In order for this to work, PayPal "lends" you the amount of money, so to speak, until it is debited from your account a few days later. So make sure that you always have enough money in your account..
PayPal balance
If you are sent money via PayPal, be it because friends send you money or because you receive a refund, this amount is not automatically returned to your account, but remains with PayPal as a credit. You can either leave this credit there or have it credited back to your account. This then takes a few days again. If you pay something and you still have PayPal credit, this will be used first. If you do not have enough credit to pay for something in full, the rest will be debited from your account.
Send and request money
With PayPal you can easily send money to friends and acquaintances. All you need for this is your friend's email address, with which they are registered on PayPal. He has the amount in his PayPal account in a matter of seconds. But you can also request money. If someone still owes you money, send them a request stating the amount you owe. You can choose between two different options. Either you can split the bill for something with one or more people, or you can make a simple monetary request. You can also request money from several people at the same time..
MoneyPools
Is it going to be a friend's birthday and you would like to collect some money for a present from your friends? It's very easy with PayPal MoneyPools. You can easily create such a MoneyPool. You just have to specify the purpose for which you want to raise money. You can also determine how much money should be collected and whether you want to add a minimum amount. You can let friends know by e-mail or SMS, who can then pay into the MoneyPool.
PayPal Buyer Protection
If you have received damaged or unsatisfactory goods, or even none at all, you can rely on PayPal Buyer Protection. You have 180 days after making the online purchase to contact the seller and look for a solution. If this fails, you can activate PayPal. As part of the buyer protection, PayPal pays you back the amount paid. But the Federal Court of Justice has since strengthened the rights of the seller. They should now be able to sue that PayPal debits the money from your account to give it to the buyer. So if you have a complaint, do not spend the money immediately, otherwise you could quickly be in arrears with the purchase price payment.
