New Paypal Money Adder
PayPal
is an e-commerce business allowing payments and money transfers to be
made through the Internet. Online money transfers serve as electronic
alternatives to paying with traditional paper methods, such as checks
and money orders.
Originally,
a PayPal account could be funded with an electronic debit from a bank
account or by a credit card at the payer's choice. But sometime in 2010
or early 2011, PayPal began to require a verified bank account after the
account holder exceeded a predetermined spending limit. After that
point, PayPal will attempt to take funds for a purchase from funding
sources according to a specified funding hierarchy, regardless of what
funding source is listed as "primary" in the account-holder's profile.
The funding hierarchy is a balance in the PayPal account; a PayPal
credit account, PayPal Extras, PayPal SmartConnect, or Bill Me Later (if
selected as primary funding source); a verified bank account; other
funding sources, such as non-PayPal credit cards.
New Paypal Money Adder 2012
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The
recipient of a PayPal transfer can either request a check from PayPal,
establish their own PayPal deposit account or request a transfer to
their bank account.
PayPal
is an acquirer, performing payment processing for online vendors,
auction sites, and other commercial users, for which it charges a fee.
It may also charge a fee for receiving money, proportional to the amount
received. The fees depend on the currency used, the payment option
used, the country of the sender, the country of the recipient, the
amount sent and the recipient's account type. In addition, eBay
purchases made by credit card through PayPal may incur extra fees if the
buyer and seller use different currencies.
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