Balsa problem - new mailbox (pop3)

[Micha Feigin]

when i try to make a new mailbox through balsa (through prefrences add
server) and then try to check the mail i get a message wrong password
supplied and then balsa dies.
I know the account is on an smtp server (I don't know if thats the same as
pop3).
What i am tring to do is access that account through balsa if possible.
Help?
Thanx