Paypal is a very important facility the internet can provide us. Though many people still asks what Paypal is, the very simple explanation is that it can be considered a virtual bank.
Getting signed up is as easy as one-two-three and all you need to have initially is a valid email address and personal information you will input online. Visit Paypal to sign up. Paypal may be used personally to buy things online, send and receive money online and most of all, it is used by thousands of merchants online.
On the other hand, if you want your Paypal to be more useful you can have it verified by linking it to a debit or credit card with a visa or mastercard logo on it. This action makes the account holder more credible in transacting using paypal. Linking your paypal account to an active bank account also allows you to withdraw your funds through your local bank.
Be very careful and vigilant with your paypal account, losing it by doing crooked ideas online would give you huge problem eventually.