All your queries regarding
What is PayPal,
Creating a live PayPal account,
Accepting and refunding payments,
Creating an invoice using PayPal
and tonnes more... will be solved in this forum.
The credit or debit card payment is in accept or deny status for 30 days.
For further information on accepting credit or debit card payments on Personal accounts, click Legal Agreements or User Agreement at the bottom of any PayPal page.