Sunday, March 30, 2008

PayPal your online bank account. The web address is PayPal.com

PayPal your online bank account. The web address is PayPal.com

What can I do with PayPal? You can securely send and receive online payments. Here are other ways to use PayPal:

Pay for online purchases.

Accept credit cards.

Send and request money worldwide.

Track your online spending.

Connect Your Bank Account

Connect your bank account to your PayPal account and:

Use cash – Pay securely with PayPal using cash from your bank account.

Move money easily – Transfer money between accounts.

Become a Verified member – Increase the safety of the PayPal community.

It’s easy.

Linking your accounts only takes an instant if you already bank online. Here's how:

Log in to your secure PayPal account.

Select Profile.

Select Bank Accounts Accounts and click Add.

Enter your bank account information.

Follow the instructions to confirm your account.

It’s secure.
Only you can initiate transactions using your bank account. Plus, you're 100% protected against unauthorized transactions sent from your PayPal account.

Receiving Money

Use your current PayPal account to receive payments in:

Canadian Dollars

Euros

Pounds Sterling

U.S. Dollars

Yen

Australian Dollars

New Zealand Dollars

Swiss Francs

Hong Kong Dollars

Singapore Dollars

Swedish Kronor

Danish Kroner

Polish Zloty

Norwegian Kroner

Hungarian Forint

Czech Koruna

Premier and Business account holders have additional flexibility for managing Multiple Currencies payments.

Accepting Payments
PayPal lets you choose what currencies to accept and how you would like to accept them. When a buyer sends a payment in a currency you hold, the funds will automatically appear in your account in the balance of the given currency. When a buyer sends a payment in a currency you do not hold, you will be asked to Accept or Deny the payment.

Accept the payment and open a new currency balance

Accept the payment and convert it to your primary currency

Block the payment

You may also set up your Payment Receiving Preferences to indicate how you would like to handle incoming currency payments.

Receiving fees will be assessed in the currency in which the funds were sent. Payments converted to your primary currency will be converted at a competitive exchange rate. Learn more

To learn more about receiving money in Multiple Currencies, see the Multiple Currencies FAQ's in our Help Center.

If you use Instant Payment Notification (IPN), the IPN page has been updated with information about the new Multiple Currencies variables.

Managing Currency Balances
To manage your currency balances, please go to the Currency Balances section of your Profile, where you can:

Select your primary currency

Open or close a currency balance

Transfer funds between currency balances

Funds transferred from one currency balance to another will be transferred at a competitive exchange rate. To learn more about managing currency balances, see the Multiple Currencies FAQ's in our Help Center.

Can I use a credit card with PayPal? Yes, you can use Visa, MasterCard, Discover, and American Express with PayPal. Plus, when you pay with PayPal, you do not expose your credit card number to the merchant.

Is PayPal free? It's free to sign up for a PayPal account or to send money to friends and family. You can also transfer funds from your bank accounts to your PayPal account at no charge.

Why Use PayPal?

Attract more buyers
3 out of 4 eBay buyers prefer PayPal.*

we help keep you safe
you can trust our advanced technology and expert antifraud teams.

PayPal is designed from the ground up to be a safer way to send money online. PayPal doesn’t expose or sell your financial information to merchants.

Pay anyone with an email address or phone number - instantly.

Send money to family and friends.

Pay for goods and services.

PayPal is the secure, free, easy way to pay - and privacy is built in.

With PayPal, you choose how to pay online.

Use your bank account, credit card, or PayPal balance.

Send money from home, work, even your mobile phone.

Choose from 16 different currencies.

Find out what else you can do with a PayPal account.

Your sensitive financial information is securely stored on our servers.

When you use PayPal to pay online, you provide only your PayPal email address.

The merchants/retailers receive payment from PayPal without ever seeing your financial information.

Request Money allows you to receive or request money from anyone with an email address in 190 countries and regions that accept PayPal.

To request money for an auction, request payment from a customer or send a personal payment request—just enter the recipient's email address and the amount you are requesting. The recipient gets an email and instructions on how to pay you using PayPal.

Examples of uses for Request Money:

Receive secure, instant payments for auctions

Send a payment request to a customer

Receive charity donations

Collect money for a group gift, an event, or a dinner bill

Instant payments on eBay items
faster than check or money order!

More ways to pay
With PayPal, buyers pay with their bank accounts or credit cards.

PayPal is designed from the ground up to be a safer way to send money online. PayPal doesn’t expose or sell your financial information to merchants.

Your sensitive financial information is securely stored on our servers.

When you use PayPal to pay online, you provide only your PayPal email address.

The merchants/retailers receive payment from PayPal without ever seeing your financial information.

Feel secure with powerful encryption.

Information is automatically sent with a high level of data encryption.

Stay vigilant with automatic email confirmation.

To help safeguard you against identity theft, every PayPal payment is followed by an email confirming your transaction.

Monitor your sensitive information.

Online Safety Essentials contains the Identity Protection Guide to help you avoid identity theft.

We also ensure you are buying safely with:

Prevention to help stop fraud: We stop problems before they happen.

1. We help shield you with behind-the-scenes countermeasures so you can securely send money online. State-of-the-Art Technology

As a leader in security technology, we use state-of-the-art fraud prevention to help stop cyber crime.

2. 24/7 Transaction Monitoring

Our team of over 2,000 specialists worldwide includes former law enforcement officials who work with agencies around the world to help protect you from fraud and identity theft. Our experts will:

Contact you immediately if we suspect fraud in your account.

Work with authorities to shut down fraudulent websites.

3. Cutting-Edge Fraud Models

Every transaction is reviewed by industry-leading, proprietary models that help weed out fraudulent activity.

4. PayPal Verification System

Many account holders have Verified their accounts and successfully established their identity with us. Find out more with our Verification FAQ.

What does it mean to be Verified?

Verification increases the security of the PayPal network. Verified members have successfully completed PayPal's Verification system to establish their identity with us. The Verification process varies by country or region. For example, in the U.S., a Verified member has added and confirmed a bank account with PayPal. In Germany, a Verified member has completed a bank transfer or the Expanded Use Process. In most countries and regions where PayPal is available, a Verified member has added a credit card and completed the Expanded Use process.

Why does PayPal ask its members to become Verified?

PayPal encourages members to become Verified to increase trust and safety in our community. Because financial institutions screen their account holders, PayPal's Verification process increases security when you pay parties you do not know.

Do I have to become Verified?

Once you have reached your sending limit with your PayPal account, you must become Verified to continue sending money with our service.

Can I pay with my bank account?

Yes. When you add your bank account, it becomes your default funding source for PayPal purchases when your PayPal account balance isn't enough to cover the transaction. You can always select other available funding sources at the time of purchase.

How does Verification benefit me?

Verification gives you more information about the people you transact with through PayPal, so that you can make more informed decisions. PayPal encourages members to become Verified to build trust in our community.

How do I take advantage of PayPal's Verification process?

There are several ways to take advantage of PayPal's Verification process and decrease your fraud risks:

When you receive a payment: Log in to your account, go to the My Account tab, and click the History subtab. Find the payment in question and choose the status link (for example, "Pending") in the Status column. This will take you to a payment details page. Next to the sender's name, you will find that person’s Verification status (Verified, Unverified).

When you send a payment: When you send a payment, a reputation link is provided where you may view the recipient's status (Verified, Unverified).

Note: PayPal's Verification system does not constitute an endorsement of a member or a guarantee of a member's business practices. You should always consider other indicators when evaluating members, including length of PayPal membership and reputation scores (on eBay or other shopping sites, if applicable).

Where can I learn more about PayPal's security measures?

To learn more about how we protect buyers, go to Buying Safely.

For more information about our powerful fraud-fighting tips, tools, and technology, go to the Security Center.