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Posted on May 12, 2011

How does paypal work? i dont know anything about it

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  • Posted on May 12, 2011
Anonymous
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It's just basically an on-line bank. You open an account with Paypal, then put some money in the account (via credit card or through setting up an automatic connection with your real bank which will deposit money for you). Now you have a Paypal account with money in it. When you want to pay for something, you go to your account, put in the Paypal account of the recipient (usually their e-mail address) and the amount. Your account is deducted by that amount. Similarly, if someone is sending you money, they will need your e-mail address. They will deposit money, and your account is credited accordingly. Paypal will send messages to both sender and recipient that the transaction went through. I hope that helps.

-R.M.

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Always ready reviews before buying anything online. This would reduce the risk of frauds.

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My paypal account

How do I get a new password?

Question :
Answer :
A If you forgot your password, you can create a new password. Here's how:

1. Go to the PayPal website.
2. Click the Home tab at the top of the page.
3. Click password under the Log In button.
4. Enter your PayPal email address.
5. Enter the security code by typing the letters and numbers shown, without spaces.
6. Click Continue.


You can change your password or security questions from your profile. Here's how:

1. Log in to your PayPal account.
2. Click the My Account tab.
3. Click Profile at the top of the page.
4. Click Password in the Account Information column.
5. Select either Password or Security Question.
6. Click Edit. You may be asked to confirm that this is your account.
7. Enter your current PayPal password.
8. Enter and re-enter your new PayPal password.
9. Select your security questions and enter the answers.
10. Click Save.

https://www.paypal.com/helpcenter/main.jsp;jsessionid=JJsGhmp3nRbthhZyBnb05ymfRVylTGLQnkhRv3kK92lhWk6bQx74!964416863?locale=en_US&_dyncharset=UTF-8&countrycode=US&cmd=_help&serverInstance=9003&t=solutionTab&ft=searchTab&ps=solutionPanels&solutionId=10495&isSrch=Yes


What if I've forgotten my password for the Sandbox?

Question :
Answer :
A You can reset your password after confirming your identity. You will be asked to choose a new password. Be sure to choose a unique password that you can easily remember.

Here's How:

1. Go to https://www.paypal.com.
2. Click Trouble Logging In?.
3. Enter your email address.
4. Click Submit.
5. PayPal will send an email to your email address. Follow the instructions in this email.

https://www.paypal.com/helpcenter/main.jsp;jsessionid=JJsGhmp3nRbthhZyBnb05ymfRVylTGLQnkhRv3kK92lhWk6bQx74!964416863?locale=en_US&_dyncharset=UTF-8&countrycode=US&cmd=_help&serverInstance=9003&t=solutionTab&ft=searchTab&ps=solutionPanels&solutionId=10103&isSrch=Yes

it doesn't ask for credit card number make sure you're logging at www.paypal.com and not somebody else's web site you might be a victim on phished websites.
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