Could someone explain paypal to me?

[coy]

I've been looking on there site for an hour and i still do not understand a few things...
How do you pay your paypal account? Do you put money in it kind of like a checking account then take the money out of it?

[bandedbigsixpoints]

No need for that. You have to either put in a credit card number or a bank account number and it automatically deposits any credits that people send ya or it takes the money out of your account to pay any debts that you accrue.

[doublereed]

If you don't want it taken directly out of your account you can apply for paypal credit and use the account basically like a credit card. It's nice for when funds are low in your account but you know you have money coming.

All you do is send or receive money to and from the email address associated with your account.

There is a 3% or so fee on the seller's end for the paypal service though so it's actually cheaper in most cases to send a money order, but if you have it in the stipulations of your sale on forums that buyer adds 3% for paypal fees it's not a problem.

Using it with ebay and other enabled programs is a breeze. They usually have a button that says "pay with paypal." Click it, log into your account and and invoice is usually already made up for whatever you bought.

That's enough for now and probably more than you were asking about.