Basically, Paypal is an intermediary between buyer and seller. The buyer pays for a purchase to the seller s Paypal account. Paypal confirm receipt to the seller, who can then post the goods, knowing that payment has been received. Sellers pay Paypal a fee for each transaction; they need to link a bank acount to their Paypal account. More shops, etc are accepting Paypal now, but it still only used by a small percentage.
ok if you set up an account you can link your bank to it so you can take funds straight out your bank to pay some1 else or if some1 pays you just goto your paypal account and withdraw funds to your bank, you can also add a credit card as payment , and if some1 pays you the money stays in your paypal account til you withdraw it , and you can pay for stuff with the funds that have not been withdrawn yet
