With this PayPal wallet guide, we will answer some questions about how this popular e-wallet service works. Since being established in 1998, the company has become the biggest online payment service in the world with over 240 million users.
It’s commonly used for online shopping transactions, sending money between friends and making deposits on gaming websites.
How Does PayPal Work?
The way PayPal works is by acting as a buffer between your bank account and whoever you are sending money to or receiving money from. This creates a more secure payment as your card and bank details are only shared with Pay Pal and not with other sites or people.
When you first sign up, you’ll connect your debit card or bank account to PayPal. Then when you make a payment using Pay Pal, they will send the money to the recipient and then take the money from your account.
How to Sign Up for PayPal
It’s pretty simple to sign up for PayPal and get started. First, you’ll need to create an account with your email address and set up a password. Once you’ve done this you can link your preferred debit or credit card for the money to be taken from.
If you want to add more flexibility, you could link your direct bank account as well. By doing this, you’ll be able to relieve certain spending restrictions which come with just linking a card. When you’ve connected your chosen payment method, you’re ready to start shopping or sending money.
Is it Free to Set up a PayPal Account?
It is completely free to set up a PayPal account and use to purchase goods and services. You may find that there are certain fees for international transfers or currency exchanges. It’s a good idea to check the terms for extra charges on these things to make sure you don’t get hit with any surprise PayPal fees online.
PayPal Wallet App
The PayPal wallet app is available on mobile devices to make payments even more quick and easy. Just download the app onto your smartphone or tablet and use it for sending and receiving money.
With the PayPal app, you can check your balance and make payments wherever you are.
How Do I Use PayPal to Pay for Something?
It’s really easy to pay for something using PayPal online. Most retailers will have the Pay Pal option at checkout so you’ll be able to click onto it, sign into your account and pay for what you’re buying.
To send money to another person, you’ll simply enter their email address and the amount you want to send, then it’s quick and easy to make the payment.
Online Stores that Accept PayPal Payments
There are countless online stores that accept PayPal payments, making it really easy for shoppers to buy goods and pay securely. Here are a few examples of shopping sites which accept the e-wallet method:
- New Look
- John Lewis
- River Island
As well as these, there are loads more popular brands which allow payment through this service. As you can see through our PayPal wallet guide, it’s pretty easy to set up and use the e-wallet for online transactions.
Gambling Sites with PayPal
There are plenty of different gambling sites which accept this payment method for making deposits. Have a look at the pages below to find out more:
- Bingo sites with PayPal
- PayPal casino sites
- Live casino PayPal deposit
- Slot sites with Pay Pal
- PayPal sports betting
How to Accept PayPal Payments
It’s really simple to accept PayPal payments, whether it’s for personal or business use. If your friend wants to send you some money via Pay Pal, they can simply enter your email address and send the chosen amount to you.
If you have an online business and you want to start taking payments via Pay Pal, you can add the option at your checkout to allow customers to use it when paying.
How do you Accept a Pending Payment on PayPal
If you have a pending payment waiting to come into your account, you may need to change some settings in order to accept it. It could be that your preferences are set to not accept a payment without specific details. You’ll have the option to change this or manually accept the payment yourself.
PayPal UK Credit
If you’re looking for a way to buy now and pay later, PayPal UK Credit could be the solution for you. It’s an alternative to a credit card and it allows you to spread the cost of your bigger online purchases.
One of the main benefits of this is you will get 0% interest for the first 4 months on purchases of over £150. You’ll be able to apply pretty quickly and if you get approved you’ll receive a credit limit which you can use at a huge number of online stores.
Will PayPal use My Balance First?
If you are making a purchase online or sending money to someone, PayPal will automatically use the balance in your account before taking money from your bank or card. So for example, if you’re buying a dress for £50 and you already have £20 in your PayPal balance, it will take that £20 and then take the remaining £30 from your card or bank.