Paypal collects the money from them - via electronic funds transfer, then Paypal deposits the money into your registered account.
Your PayPal account is automatically able to accept electronic deposits. You just aren't able to make cash or check deposits to your account, this can be a pain in the rear if you need to get money in your account fast.
PayPal is synonymous with online payments. Many of us will have a PayPal account and will often use it to buy things on the net. online poker rooms that are now beginning to accept payments from PayPal. While a majority will still not take payments from PayPal.
PayPal is a payment geteway. This is used in E-Commerce. It is way merchent accepts the payment from the consumer. For this merchant needs merchant acount into which payPal deposits money paid by the consumer through credit card.
PayPal pay two very small amounts of money into your bank account. Once these two amounts show up on your bank statement, log into PayPal and enter the two amounts into the boxes you see on PayPal for the purpose; sometimes you will find the option to enter the amounts in the "to do" section on the right-hand side of your PayPal account homepage.
When you go through the verification process with PayPal, they deposit two very small amounts of money into your bank account.
Unless a person has a bank account, they cannot be considered to be "Paypal Verified". However, this does not prevent one from opening an account with Paypal. This can be accomplished by using a credit card. Please note that if it is not registered with a bank account there will be extra limitations of deposits and withdrawals imposed on the account for security reasons by PayPal.
Common methods of payments to employees are direct deposit, paper checks, and PayPal deposits. When given a choice, most employees chose electronic methods of payment (direct deposit or PayPal) due to the convenience.
PURGING
You don't need to "activate" your PayPal account. As soon as you've opened the account, you can use it to send and receive money. You need to verify your bank account to remove sending and receiving limits on your PayPal account, also to allow you to withdraw funds from PayPal to your bank account. This takes a few days to complete because PayPal pay two small amounts into your bank account and you have to wait for those to arrive. Once you know what the amounts are, you can log into your PayPal account and enter these amounts, thus confirming that the bank account is yours.
No, Technetium does no occur naturally on earth except in trace amounts in molybdenum deposits.
If you have online banking, sign in to your bank account and look at recent transactions. It will show "paypal deposit" and it is usually less than $0.25 for each amount. Once you find those, go back to paypal and verify the account by confirming the amount of each deposit.