Power Ideaz

  By Pinaki Ghosh 
The Idea:
Most of us would want to agree that Paypal is one of the best things that developed in the e-commerce zone. Paypal has a heavy ranking among the most popular sites, and also is an assured form of sending and withdrawing payments between you and the customer. If you do not wish to give your credit card details to the merchant as it may prove to be a risky affair, send your payments through Paypal! Isn’t that beneficial? Paypal stays between you and the vendor and your details remain a secret. People with an email address can easily, and without hassles and on a faster mode receive and send payments online, using the Paypal system. Paypal works on the existing network of bank accounts and the credit cards, to create a global payment solution. Paypal also is a brand acquired by Ebay.
To open an account:
You really do not have to shell out money to open a Paypal account or even send money via Paypal. A person with an email id and a valid credit/debit card can open a Paypal account and from then start receiving and sending money. However, to withdraw or transfer money you need to get verified, which will cost US$1.95, that will be charged on your credit or debit card account.  In your card statement you will receive a 4 digit expanded use number, which you have to use, to get the expanded use process completed. Once you get verified by Paypal, you can use the seal ‘Paypal verifier’ in your site; which gives more confidence to those who will deal with you.
To get the payments done: Paypal is extremely easy and instant. After getting registered for a PayPal account, you need to get the payments done, and also add your credit or debit card to your account, click on the “Send Money” tab, and then enter the email address of the person who will be receiving the payment. Also you may use your PayPal balance or your checking account to fund your payment.
Is it safe?
Paypal takes the help from the SSL technology to keep the information safe. When you complete the payment through the Paypal system, the much risky information like the credit card number, bank account number, is not revealed. Even the receiver does not know about the payments. However as I mentioned earlier about the phishing mails, which get your information and eventually hack your account are a scary thought! You must be careful with such mails and scamsters. The actual Paypal site would never ask for your password etc by sending you mails.

This entry was posted on Monday, December 15th, 2008 at 8:38 am and is filed under Ebay, Internet Marketing, Making Money on the Internet, News, Small Business, Uncategorized, Woman Entrepreneur, customer service. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.