Everyone in today's video I want to show you how to use PayPal to send and receive money online and we focus on PayPal calm on a computer they also do have mobile apps. I'll make separate videos for those but the process is pretty much the same of how you sign up and how you send and receive money inside a PayPal so jump into PayPal comm and we're gonna go ahead and sign up for the first time by pressing sign up on top and there are two types of accounts on PayPal . there's the personal accounts and there is a business account now I have both of these and I have one for my personal life and I have a couple for two different businesses but in the case of this video I'm gonna set up a personal account but I'll show you inside of a business account it's pretty much the same the layouts a little bit different.
so regardless of which one you choose
the rest of this video will apply to you but if you're gonna use it to send money to people you know or if you're gonna pay for things online personal is good but if you want to get paid and invoice people and things like that the business one is good now both do have free options even the business one but the personal one is free so choose one of these and then go ahead and press next and on this page you do have to type in your legal name first not last and your email and password this has to be your legal name because it is gonna ask you personal questions to verify your identity or your EIN number if you're a business and this works around the world so I'm making the video in the US but PayPal works globally and the question that this is going to ask you it's gonna be a little bit different if you're a business or if you did the personal accounts but it's pretty straightforward either way so I'll type in this information and I'll press Next now I'm gonna type inthe address I'm gonna check on this box
I'm gonna add in my phone number and on the bottom I'm gonna agree and create an account and on this next page it's gonna ask you to either add a credit or debit card that's where you would put in the credit card and debit card information or you could link a bank instead these are also available on a different page when you sign into the app if you're here to receive money you don't have to do that you could sit on your PayPal balance and then you could link account to basically get that money out of PayPal I explained that in a second right now let me just say I'm here to receive money and it will take me inside a PayPal and it's already gonna take me to send and request money page but let me just go to the home page so I could explain to you what's going on so I just jumped in to the home page I did have to log in one more time and if you look on top and you sign up for business it looks a little bit different I'll show you in a little bit what that looks like but ultimately it's laid out a little bit better for business a little bit easier to request payments with invoices and things like that but right now on topyou should have summary activities send
and request money that's where we're gonna spend our time on and wallet and shopping now what you have to understand about PayPal is a digital wallet so allyour cards your bank accounts and even
your PayPal balance sits inside of the app or on PayPal com so in order to send money you could use any of those methods and in order to request money you could use the request option and receive it inside of your PayPal account and then transfer it out to your bank account so right now it's a pretty straightforward process of what you have to do next link a credit or debit card link a bank account or one of the two I usually do both because on some payments I'm gonna use a credit card and on some payments like paying someone I'm gonna use direct bank transfers and you do have to confirm your phone number to verify your account so again the first things firstI'm gonna link a bank account at the
minimum you have to do this or this option if you have no payment methods all you could really do is request money you can't really send money so if you just want to request money all you have to do is go to this icon right here or go up to the request menu up here now I'm gonna go ahead and just log out of this account I want to show you my other account just to show you what establish account looks like and once you start using your account where things are gonna end up and here we are inside of my PayPal account again a personal account I'll show you the business one in a second and this should be the summary page which is ultimately the home page of the website where it's gonna show you everything that's happening you're gonna have your page pal balance right on top yours is gonna be zero if you just sign up for the app but ultimately this is your digital wallet this money is going to sit there forever if you don't transfer the money out to your bank account so that's whyit was important to link it to your bank
account first and then add the other method of payments that you want to use but if I wanted to transfer my balance out it just requires me to press transfer money if you want to add to your balance here let's say you want to put some money into your PayPal balance and then use PayPal to pay for things it's the three dots over here you can press that and instead of transferring money out which is what this one does adding money allows me to bring money into my balance so I'll press that and it's gonna pull up your bank account so it was important to set that up first and then transfer balance whatever amount you want into this account now there is no fee when adding money from a bank to PayPal so that's why adding a bank account is the best way to usePayPal you could use it free of fees
from transferring money into PayPal and transferring money out of PayPal to your bank account for free then you're gonna have your recent activities underneath that these are gonna be the type of payments that I'll be their paid for or received using PayPal so I use PayPal to pay for variety of services and I also use it for people to pay me money for a variety of services in my business account and on the right you have send and request and you have the more optionwhich gives you all these different
options over here but ultimately let me show you the first thing you usually want to do is go to your wallet tab right here on top and on here you should have linked a debit or credit card and link a bank account the same option that it requested when you signed up you could always come back and do it this way on the business account is called money instead of wallet so go in the money tab so at the minimum I'm gonna link a bank account so I'm gonna click this and it's gonna basically let you search for your bank or use one of these popular banks here again I'm in the US here but it may be different where you are but go ahead and search for your bank and it just has you sign in to your bank to make this process easy or it's kind of verified by sending a couple very small transactions to your bank and it's gonna ask you how much those were and that's the verification process this is pretty straightforward here if you want to link a debit or credit card you could press that and again you could do this manually or you could link it by the banks that issue credit cards the manual option is pretty easy so if you click it it's gonna askyou to type in your credit card number
and security code and the usual information and you could link the card on the bottom of the page I'm gonna press X so that's basically the digital wallet plus the PayPal balance so if you've received money on PayPal it's gonna show up over here and if you're outside of the US and you're not using US dollars there is a currency calculator here too so if you're sending money from two different countries with two different currencies you could go ahead and do the math here oftentimes I've hired people in England and I've had to figure out how much I have to pay them to be the right amount for the job and when you're ready to take your money out of PayPal you could go ahead and press transfer money and it's gonna transfer it to my bank or I could request a check or I could just use this balance to pay for things or to people I don't have to transfer it out I usually don't I use my PayPal balance to pay for things rather than every time transferring it to my bank and then transferring the balance back to PayPalso that's the wallet page let's go to
the send and request page to send money to someone you type in their name email or phone number and press next and it will take the money that you want to send them and it will send it to their PayPal if they don't have PayPal it's gonna ask them to create a free PayPal account and then go through the process very straightforward now let me go ahead and just send money to someone all you recently paid all the people that you've paid using this method are gonna show up here so you could also manage contacts and move people around I'm not gonna do that I'll pay someone new I'll press next and let me kind of show you how this works let's say I was paying $100 here I will pick my currency here I mean USO US dollar but all those are available and it's really important when you're paying for are you paying for an item or a service in that case that's is choosing because trying to send money to another PayPal account that is businessso it's guessing that I'm paying for an
item or a service but I could go ahead and press change here and look at the couple of different options you have if you pay for an item or a service like if you bought something from eBay or if you paint a service that you hired the seller pays a fee so it's free for you to send it but the seller has to pay a fee but sometimes the seller will ask you especially when you're paying for a service to cover their PayPal fee but there's another option sending to a friend there's no fee as long as you use a bank account or the PayPal balance that I've shown you to send people money in this case friends and family in the US so I'm sending to a friend no one's gonna get charged in anything I'm not gonna get charged anything I'm gonna usemy PayPal balance on my bank account I'm
gonna go ahead and leave the note but you do lose the PayPal Purchase protection and that's what a lot of people use PayPal it is owned by eBay a lot of payments from eBay go through PayPal and you have purchased protection meaning PayPal covers you so you could read more about purchase protection here but if you're just sending to a friend if you're just doing a money transfer from one friend to another family member this one charges nothing as long as you use a bank account if you use a credit cardit will charge you because credit cards
do have fees apply to them there's no way to get around that by using PayPal balance and banks do not the request option let me go over here this kind of works the same way you type in someone's name email and phone number and then you could go ahead and request money so I'll just do that as an example here it will take me to this page where I would say I'm requesting $10 I would type in that amount and again in different countries there's all these different currencies that you could choose from that are supported by PayPal it's gonna say the email address of the person that you typed in you could add other people here as well and send them money all at the same time you could even use this to split bill here and then you could also add your note for what this is for and then you could press request now and then they will receive an email that you requested money from them again they'll have to come and sign up for a freePayPal if they don't have one
and they could go ahead and receive that money from you let me go back to send a request then you have your activities tab that we haven't seen yet let's go there and it's gonna show you every transaction and you could go ahead and search right here by activity or by date here and filter things that way but it's a very very easy way to see all the different things that you've paid for or received inside of PayPal and there is a shopping tab let's go there and this you could explore on your own but they do run deals here where you go ahead and receive discounts on variety of things like gift cards and again you could useyour PayPal balance so if I want at this
$50 gift card I could receive it just by using PayPal and you have a settings option here let's click that and I basically have to blur everything here this is my personal account here but you could go ahead and change any of the information that you have here you could even update your profile picture here and on the bottom of the page if you set this up as a personal account and you want to make it a business account you could always do that on the bottom and if you ever wanted to close your account the option is on the very bottom of the page now let me show you the business account briefly I want to show you what that looks like for a second so I'm gonna log out of this one and log into my business account so now I'm inside of my business account and as you can see it's a little bit different there's the summary tab again but everything in the home page is laid out a bit differently and then there's a money tabyou still have your activities but now
you have a report and you have different business tools here so a little bit of a different layout but you still have the Settings gear on top but what you're looking at in the summary page your balance is still over here and you could transfer money or add money to your balance using these two options over here and there's a bunch of transfer money options like instant transfer fromyour bank or check by mail or standard
transfer again similar to the personal account that we had we have our recent activities again it has its own tab but it's gonna show up right here on the home page in a little bit of a different place than the personal but one of the useful ones inside of this is creating an invoice in seconds is basically putting in someone's email like a customer's email the description and the amount and creating invoice which makes it a lot easier professionally request money from people that you've worked with like your customers I'll do a video dedicated to PayPal for business but ultimately if you go to the money tab here it's gonna allow you to do everything that we have shown you before like adding your bank account takes place over here your card you can link a card over here your balance is gonna show up over here you could convert currency over here and you could go and send and request money over here which takes you to that exact same request and more option the same thing we looked at on the personal account you could go ahead and type in someone's name email or phone number or you could do the exact same thing here by typing in someone's name email phone number and request money and they will show up hereif you've paid them before so you could
select from recently paid over here you could also create invoices over here to request which was also available on the home page of the app which basically takes you to the full invoice page where you could go ahead and create invoices in more detail than we had on the home page so you could use this more advanced option inside of here again there's a lot in the PayPal for business that's why I just wanted to show you briefly the personal one and I'll work on a video just dedicated to PayPal for business and I should be finishing up the PayPal mobile app video shortly as well I hope you found this PayPal video useful please give it a thumbs up and