At 02:28 AM 1/15/2003 -0500, Micheal Sherrill wrote:
Please explain slowly and in plain English what PayPal is and how it
works. You have to set up an account at PayPal which we deposit into, correct?
Yes, that is correct. Paypal operates as an online payment/wire service
through which you can transfer funds to other individuals, or pay for
goods and/or services via a secure, trusted, and reliable service. Most
Ebay sellers use Paypal to process payments from customers, but it can be
used to transfer funds directly to other individuals for things like
personal/charitable dealings.
Let me add that it is absolutely FREE to send money via Paypal, and it only
costs a small percentage to receive money. (Hence my earlier mention of
Paypal transaction charges which would apply to any contributions to the
ICANN Montreal webcast fund). The money you send is simply charged to your
credit card and you do not have to make any kind of security deposit etc.
(other than your credit card info).