How does Paypal work?

PAYPAL USERS. How does paypal work for a seller?

• I'm starting a paypal account and I sell things online but i've never done via paypal. So how do you receive payment? Do I give the buyer some sort of user account or whatever for payment to be done? Does it have interests or fees when you join? If I receive payment, does paypal get maybe like 10% or something? PLEASE experienced users, tell everything that one needs to know about using paypal

• Answer:

  Okay, when you sign up with paypal, you will be asked to link a bank account to your paypal account. When funds are placed in the paypal account, they can then be easily transferred to your bank account - there is a tab on your paypal account page that says,"withdraw" when you click that it gives you several options to take the funds out of the account, including transferring to your bank account ( you can even apply for a paypal debit card and use it as well). Please read the tutorial on the paypal page and also the fee schedule, it's a sliding schedule based on amount received - good to print out as well. And if you are an ebay seller in the U.S. you must have a paypal account now.