This is a pre-authorized charge.

A credit card was bound to Paypal but USD 1 was deducted. This is a pre-authorized deduction. It mainly depends on whether your credit card can be used normally. The actual USD is deducted. But the certified $1.95 will be returned to your PayPal account after your verification is successful, so don't worry too much.

When applying for a Paypal account, there is a step that requires you to enter your credit card. At this time, you have not entered your credit card password. After entering it, click Next and your phone will prompt you that the new credit card will cost you US$1.00 in online transactions. . This money has not been deducted, it is just testing the validity of your credit card. It is an authorization test. The money is still on your credit card, and the 1 dollar will not appear on the bill. For example: your credit card limit is 1,000 US dollars, and 1 dollar is frozen and cannot be used, which is equivalent to your limit being only 999 US dollars. But the $1 is still on your card.

1. The difference between Paypal’s three accounts: personal account, premium account, and business account.

The difference between these three types of accounts is that personal accounts cannot receive payments from credit cards and cannot use the merchant tools provided by PayPal. Premium accounts and business accounts can receive each other's PayPal account balance payments and credit card payments. Enterprise accounts have one more function than premium accounts, that is, enterprise accounts can set up multi-user access functions. The registrant of a business account can set up multiple users to access the PayPal account, and set different permissions for different users to protect the company's financial sensitive information.

2. The PayPal international website allows you to send and receive payments to users in 190 countries and regions. You can trade in 16 currencies, including US dollars, Canadian dollars, Euros, British pounds, Australian dollars, Japanese yen, etc. Only Premium and Business account holders are billed when receiving payments. You can add a credit card to your account and fund payments with your credit card. PayPal can only send and receive payments to Chinese users. Transactions can only be made in RMB. A PayPal account is currently free for buyers or sellers. You can add a Chinese bank account to transfer funds between your PayPal account and your bank account.