PayPal is a system that enables you to make secure online payments. By indicating your card details you can be sure that they are stored only on the PayPal Web site in an encrypted form and the service does not transfer them to the store when you purchase.
All you need to work with PayPal is a MasterCard or Visa credit card.
The registration procedure is simple:
• Click on “Register” on the Web site PayPal.com at the very top of the page.
• Select the type of your future account: “Personal”.
• Fill in the surname, first name, address and other necessary information in the registration form.
• Enter your credit card number, the expiration date and the CSV (or CVC) card code (the last three digits on the back of the card).
• To check your card the PayPal system will write off a small amount (approximately $2 that will be refunded in 1-3 days). It is necessary for the card verification. After this transaction is completed you will need to enter a special verification code indicated in the note to this payment in your bank. You can see it in the Internet banking or ask a bank employee.
That’s it! Now, when making purchases in online stores you simply log in to your personal account on PayPal.com, confirm the payment and the system informs you that the payment was successful or was declined.
There are several important nuances:
• You must indicate only real, relevant data in the registration form; otherwise your PayPal account may be blocked.
• Your bank makes all transactions in national currency, so even if your card is in dollars PayPal converts dollars into rubles and sends the request to the bank. The bank converts the amount back into dollars basing on its own exchange rate. If you do not want this to happen, turn off the double conversion option (click on “Profile” – “Payments” – “Manage pre-approved payments” – “Set available funding sources” – “Conversion options”).