09-07-2002, 05:01 PM
PayPal is basically a money service you can send money to people or request money from people etc.. Really easy to deal with online auctions it can debit it from your bank account you can also have it deposit money into your bank account.. its free to sign up and use as personal use but you are limited to how much you can do with a personal account. if you upgrade to a merchant account you can still send money for free etc.. but they take a fee from money you recieve(you would have to look it up on there site how much it is) so the buyer don't pay the fee's like some sites do. so basically only people selling stuff get charged fee's..