PayPal is the world’s most popular and largest online payment processing service. PayPal is the safest and simplest way for you to buy and sell anything online wherever the payment system is accepted. Signing up and using PayPal is easy and free. If you want to be able to buy, sell or send money around the world within eligible countries, it is highly recommended. You can sign up to PayPal at https://www.paypal.com
Sending and receiving money.
PayPal offers two ways of sending and receiving money online. You can use the friends and family payment method (FnF) or the goods and services (GnS) payment method. When buying, selling or trading, PEXBANK recommends that you ONLY use the Goods and Services payment method. We recommend this for many reasons but most of all because you are covered by PayPal buyer and Seller Protection Policies.
Friends and Family (FnF) Payments.
The PayPal FnF payment method should only be used when sending payment to a friend or family member. Sending payment this way means you trust who you’re sending money to. If you use friends and family payment for buying, selling or trading you have no guarantee of getting your products or your money back, except you are using a service like PEXBANK Payments & Exchange Escrow.
Some sellers might ask you to send friends and family payment so they can avoid the PayPal fees. I’m telling you the odd’s of it being a scam are EXTREMELY high and your transaction is not protected! Ask the seller to include the PayPal fee in the buying price. Above all, don’t trade your peace of mind to save a dollar. If you must trade FnF with any trader, exchanger or seller, it is highly recommended to use PEXBANK Payments & Exchange Escrow to secure the value of your trades.
Goods and Services (GnS) Payments.
Using PayPal goods and services is your best bet when buying, selling and trading online. As I mentioned earlier there is a fee on GnS transactions burdened to the receiver, not the sender. In many instances, the receiver might ask you to pay for that fee which is a common practice and justified. It offers you buyer protection. You’re covered if the seller sends you the wrong item or never sends it at all. PayPal guarantees you a refund on the cost plus the shipping fee you paid. However, the buyer protection can be exploited and you may end up with several chargebacks to your account and you may even lose money if you don’t know how to properly protect your trades against GnS chargeback on PayPal Transactions