Banking

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How to use PayPal for international purchases

20 Mar, 2015

Taking advantage of any available technological opportunity that makes our lives easy is a wise decision, but many of us do not make use of the same due to the thought process that it is a complicated procedure, so better avoid it ! Thus, this article aims at simplifying the process for one of the most popular international platforms which permits international transactions for both individuals, as well as commercial entities. 

What is Paypal?

PayPal is an e-commerce vendor who provides a convenient, online, cross-border platform for all commercial transactions without the need to exchange vital personal or financial credentials. Currently, with PayPal, you can transact in 24 currencies. By 2014, $228 billion dollars was processed by PayPal globally.

There are millions of international stores and vendors who are tied up with PayPal for selling their goods and services. Most popular ones are eBay, Singapore Airlines, GUESS, Wal-Mart, Go Daddy etc.

One aspect that has made it widely accepted for international purchases is that it offers buyer protection. This means that if the purchased item is not received or is different from the seller’s description, a full refund is issued to the buyer after due diligence.

How can one conduct international purchases here?

Step 1:

First and foremost step is to open an account with Paypal if you are a first-time user. This can be done by using the “sign up “option provided on the website. Follow the instructions and create your account accordingly. The user is expected to link the credit or debit cards to his PayPal account. This account is used when the user makes purchases on PayPal.

Step 2:

The user account provides a tab on the home page –“Products & Services “. After proceeding with this tab, choose the option “Shop Online”.

Step 3:

The merchant page is opened which displays them category wise (electronics, beauty & healthcare, clothing, travel, etc.). Additionally, a search tab is incorporated in the page if you are looking for a specific item than a seller. Also, this list can be obtained on the web, and the seller’s website will display PayPal logo in the payment pages.

Step 4:

Once you have selected the specific seller or the item, the page is routed to the website of the seller or the vendor who is selling the item selected. Proceed for the payment processing when you have decided the final purchase.

Step 5:

The checkout page will usually contain an option of payment through various sources- Credit card, debit card, net banking, and cash on delivery along with a check out PayPal.
Choose the option “checkout with PayPal.”

Step 6:

On choosing this option, the page is directed to the PayPal website where the customer confirms pre-populated shipping and payment details.

Step7:

The user on confirming the details is sent to merchant’s website to finish the transaction.

Step8:

The order is shipped to the billing address and the same can be tracked by the user on logging into his account.

Some points to remember!

PayPal accepts the payment in your currency and pays the seller in his (provided both of them are falling in the category of the 24 currencies that PayPal currently deals with). The conversion rates are displayed in the user account.

PayPal also charges certain fees for acting as a middleman for successful transactions. Complete details of the same are displayed in their website.

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