how does paypal work


I have not had the pleasure of using paypay yet. At what point does the money transfer to the seller. The real question can you examine the merchandise and send it back if's not what it was advertised to be.
eralff

Showing 2 responses by gunbei

I've been using it for a few years now and love it. The method I use is the bank-to-bank funds transfer, it's immediate and most sellers will start the shipping process once they get e-mail noification from PayPal that funds have been transferred to them, which is immediate.

Most internet merchants absorb the PayPal fee, but in transactions between single parties, that's negotiable.
Ed, you bring up an interesting point regarding PayPal operating like a bank. It seems that many states feel PayPal should fall under the jurisdiction of a banking commission and subject to their laws and regulations.