PayPal has solidified itself as the payment system of choice for anyone doing business on the Internet. When people first started doing business over the Internet, you would have thought that some sort of convenient credit-card payment system would have been the system of choice. However, the collective greediness of the major credit card processors created a gap online, where businesses without a lot of available cash flow needed an inexpensive way to offer potential online customers with a fast and convenient way to pay for things online.

Now Setting up a PayPal account to receive money allows people to obtain funds from another person or company without the need for a credit card. If you need to collect money for a service you have performed, loan you have given, or product which you have created, you can have money sent directly to your PayPal account to complete the transaction. Once you have a PayPal account, you have the option of transferring funds to your own personal bank account via the Internet, or withdrawing your money via a PayPal-issued debit card, which they can send you in the mail. If you use your PayPal debit card to withdraw funds from your account, you will be charged a one dollar fee by PayPal in addition to any extra fees your bank may charge.

Purchase Our E-book On How To Setup Paypal Account To Receive Payment.

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