Signing up to PayPal

One of the things you will need to get started in freebie trading is a verified PayPal account. 

PayPal is free and many of you who do your shopping online at places like e-bay or amazon will already have a PayPal account.  To sign up, go to their website HERE.  Once you are signed up be sure to verify your account (this may take a few days).  You verify your account by linking your PayPal to a bank account.  They verify your identity this way by transferring a few pennies into your bank account to be sure the account is real.  Once the transfer has occurred, you check to see how much was deposited, go into your PayPal account and tell them how much was deposited.  After this you are a verified member.

PayPal is a trusted website, and so long as you are not doing anything illegal or fraudulent to earn money then you will have no issues with PayPal.

Why do you need a PayPal account? 

This is the way other traders will pay you.  They use their PayPal accounts to transfer money directly into your PayPal account.  Once you have money in your PayPal, you can then use it to pay other traders, spend online wherever you wish, or transfer the money into your bank account to spend in the real world.

Why does it have to be a verified PayPal account? 

Being verified means you are more trustworthy and there is some recourse if you scam somebody out of their money.  Most traders will not trade with you or will not pay you if you do not have a verified PayPal account.

Why doesn't it cost anything to sign up for a PayPal account?

There are fees involved, but not up front fees.  When you use your PayPal to pay somebody else, or to buy something online, there are no fees attached.  But when somebody deposits money into your PayPal account, they take a few cents off of every dollar.  So instead of getting paid $23, you might get paid $22 instead because they took their fees out.  PayPal is an online bank, and like other banks is a business out to make money.  A few cents every now and then from one customer isn't much for that one customer, but it adds up over time for PayPal when they are taking an few cents a day from millions of customers worldwide.

Overview:

You need a verified PayPal account to get paid or to pay other traders.  There is no upfront cost to open an account or to spend money from your account, but when receiving money, they take a few cents out of every dollar.  PayPal is a trusted site.  Being verified makes you a trusted member because it makes you accountable for your transactions online.  A PayPal is a must have in the freebie trading industry.