Using Paypal to Send Money and Shop Online
Paypal Money Transfer Service
Paypal is a very well-known company providing money transfer service worldwide. If you buy and sell products on eBay, I’m sure you have heard of Paypal because it is the main payment method.
What can you do with PayPal? PayPal lets you quickly and securely send and receive money for goods, services and more.
With PayPal you can:
- Shop online in more than 190 countries and regions.
- Pay for things and send money without sharing your financial information.
- Checkout quickly at hundreds of your favorite online stores (not just eBay!).
- Accept credit cards on your website.
- Make donations to your favorite charity.
- Set up an online shop and receive payments.
- Use your credit card and earn rewards.
At PayPal, your financial security is at top priority. They have the latest anti-fraud technology to help make sure transactions are safer and 100% protected against unauthorized payments sent from your account.
Send money and shop online
- Shop securely without revealing your credit card or bank account information
- Pay conveniently and quickly when you shop online
- Send money to friends and family
- Shop worldwide at eBay and thousands of other online stores in your preferred currency
Paypal is Free! There’s no charge to open a PayPal account and there’s also no charge to purchase items using your PayPal account.
There are fees in other cases, such as:
- Receiving payments for goods and services.
- Receiving payments from friends and family made using a debit or credit card.
- Receiving payments from people in other countries.
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 don’t expose your credit card number to merchants. They have created a system that can link together customers regular debit accounts and/or credit cards to their system securely, which is why it has become so popular so fast.
This is how it works.
1. Create an account on Paypal. Once you have an account created, you can start receiving and sending money but with limited amount. And take note that you can’t withdraw your funds/balance/money, unless you are a verified account user.
2. Verify your account. To verify, you need to add a credit card/ or debit card (Visa, MasterCard, Discover, and American Express) to your Paypal account. Follow this simple steps on how to verify your Paypal account.
And take note that you will need to have a deposit on your bank account, because Paypal will charged a small amount for verification process BUT don’t worry as soon as the verification process is complete, the amount charged to you will be refunded.
Disadvantages of using Paypal
As you can see on the image below, there are two options to withdraw your funds. But for some reason, Withdrawing your funds to your bank in the Philippines is not working well, or can not process the transactions. And you’ll only know that withdrawal request failed after 5-7 days, see the time and effort wasted waiting for your withdrawal request. I would suggest to withdraw your funds using Withdraw your funds to your funds option.

And warning for anyone wishing to use Paypal, their customer service doesn’t have the best reputation for dealing with queries particularly quickly or efficiently.
Overall, Paypal is a secure, fast and highly reputable money transfer service, but would take 5-7 days before you can claim your withdrawal request. Would I recommend Paypal? Yes, I would recommend Paypal because it is very useful especially paying and/or buying stuffs online. It is very easy to use.
NOTE: I am using the EON debit card of Union Bank of the Philippines to connect with Paypal.




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