If I prime it, or store the kegs for later use, what pressure do i dispense it at.
That depends on what style the beer is, or personal preference for carbonation levels. Take a look at
http://www.kegerators.com/carbonation-table.php for carb levels by temp.
Forgive my ignorance, I have read that when carbonating a keg. The co2 has to be pumped in through the outlet valve. I am very confused. Please can some one explain to me what the process is starting from preparing a keg after it has been sterilised. Thank you all for your assistance.
You don't have to carbonate through the dip tube. The idea on this is that if you carbonate through the keg outlet, then the co2 will be forced to travel through the beer and it will somehow cause it to carbonate better/quicker. However, if you just attached the keg as you would normally (to dispense) then the pressure in the keg will force the co2 to bond with the beer, carbonating it in the process.
I'm still fairly new as well hovering around 9 batches. But this is the process I take to keg from the fermenter:
(optional) Move beer from fermenting location to kegerator and cold crash. This is to help drop everything out of suspension and get a clearer beer.
1. Siphon beer from fermentor into cleaned and sanitized keg being careful not to splash and being vigilant of sanitization as always.
2. Seal keg and purge oxygen by hooking keg to co2 line at 6-10psi and bleeding the co2/oxygen out. (I usually do this 2-3 times to be safe)
3. Carbonate however desired:
3.1. Force carb by pressurizing to 35-40psi and letting it sit 24-36 hours and then setting to serving pressure.
3.2. Slow carb by pressurizing to serving pressure and letting it sit. Usually takes 1-2weeks.
3.3. Slow carb (or natural carb?) with enough priming sugar to reach desired carbonation level. Nearly the same time as bottling. (priming sugar would be added prior to purging)
4. Drink homebrew.
Also, if you're still confused I suggest going to youtube and search for kegging videos. There're a few out there, some of which helped when I was confused as well. Sometimes it just helps to see it visually.
Edit: There are other methods of carbonating as well (especially force carbing), but I just listed some of the most common.