Is using PayPal a good idea?

For the most part, its safe to use the service and link your accounts to PayPal. Buyers will find that PayPal is an easy and secure way to make purchases. Sellers can also benefit from using PayPal, but there are risks to be aware of.

What is the catch with PayPal?

There is no catch, it is kinda like the credit card company, they charge the seller a small fee and make money. You can use either your credit card (but the seller does not get your credit card info) or you can use your checking account and paypal will draw from that for your purchases.

Is there a monthly fee for PayPal?

We dont charge a monthly fee and no minimum balance is required. There is no fee when family and friends use the PayPal send and receive money service to transfer money to you.

Does PayPal steal your money?

Once into your account, someone can draw money from any linked account as well as make other unauthorized PayPal accounts in order to make purchases. The way someone gets access to your account is by somehow discovering your password -- by guessing it, stealing it or getting it via online phishing.

Does PayPal have a fee?

Theres no fee to use PayPal to purchase goods or services. However, if you receive money for goods or services (such as from selling an item on eBay), there is a fee for each transaction.

Is it better to link a card or a bank to PayPal?

If you want to make a payment but dont have enough money in your PayPal balance, the transaction can be covered quickly and easily by your bank account or credit card. Linking a bank account to a PayPal account is a convenient way to keep track of your spending. Unauthorized payments are rare.

Can PayPal force a refund?

You cant claim a refund through PayPal, but you can cancel the transaction. It is not a refund if you request to cancel the transaction, get the chargeback, and stop the process of buying/selling goods or services.

What is PayPal Buyer Protection fee?

You dont pay for buyer or seller protection, it is offered by paypal for all sales that are paid using the send money tab OR via a money request or invoice. Sellers pay to receive all online payments for sales via paypal, buyers do not ever pay a fee and should not be asked to pay it.