Friday, January 18, 2013
How to Recover Money From PayPal
1. Log into your PayPal account. Click on the 'My Account' link to display your transactions.
2. Click on 'Security & Protection,' on the menu at the top of the page. The next page will show some check boxes. These provide more detailed dispute information.
3. Click the 'Identify a Problem' link. The screen displays different options. Submit your information if you want to contest an unauthorized transaction.
4. Click 'I Have a Problem With a Purchase,' if you did not receive the product or it was not as described.
5. Click on 'Open a Dispute.' That takes you to the resolution center where you enter the transaction ID under 'Case ID.' Enter it manually if you know it. Click the button next to 'Transaction ID' to look up the number.
6. Respond quickly when asked for more information from PayPal. The dispute process will usually take about 10 days. PayPal may request more information or evidence to corroborate your story. Delaying your response could prompt the company to rule against you and close the dispute.
How to Send a PayPal Link for Payment
1. Click the “Request Money” tab on the PayPal website.
2. Click “Create a Money Request,” if needed, to display the “Request Money” form.
3. Enter the email of the person to whom you want to send a link.
4. Enter the amount you are requesting and choose the type of currency, such as “U.S. Dollars,” from the drop-down menu. Note that foreign currency transactions incur a fee.
5. Choose whether you’re requesting a payment for goods, services or non-eBay auction items.
6. Click “Continue” to send an email to the recipient. That message includes a payment button that the recipient can click to pay instantly through PayPal.
How to Make a Payment Button With No Set Price in PayPal
1. Log in to PayPal.
2. Select the 'Merchant Services' tab.
3. Choose 'Donate' under 'Create Buttons.'
4. Enter the name of your organization or service in the field provided.
5. Click the 'Customize text or appearance' link to change the button text or upload a custom button.
6. Select 'Donors enter their own contribution amount' under 'Contribution amount.'
7. Click 'Create Button.'
8. Copy and paste the HTML code on your website to display a payment button with no set price.
How to Use PayPal to Make Contributions to a Trust
1. Visit the website of a charitable trust you wish to support. Click the 'PayPal donate' button posted on the website to make trust donations. This redirects your browser to a secure PayPal website.
2. Make PayPal trust contributions through a personal PayPal account if you have one and choose to do so. Type in the amount you want to contribute and fill in your PayPal account email address and password to complete the transaction.
3. Make PayPal trust contributions with a credit or debit card by clicking the card-donation option. PayPal accepts credit and debit cards bearing the Visa, MasterCard, American Express and Discover logos. Type in your credit or debit card information and personal information requested on the page. Click the 'Continue' button and follow the prompts.
Do I Need to Open a Separate Bank Account for My Etsy Business?
Business Accounts
Etsy does not require you to have a separate bank account; however, having your own business account makes it easier to distinguish between your personal expenses and your business expenses. If you do decide to open a small business checking account, Bankrate writer Jay MacDonald suggests looking for an account with low fees that also offers features that your specific business needs. Be prepared to answer questions such as how many deposits you plan to make each month, as well as the average number of checks, the amount of cash you will deposit and withdraw and the minimum and average of the balance you will maintain in the account.
Payment Processing
As a seller on Etsy, you can choose to accept personal checks, money orders and PayPal. If you plan to accept personal checks and money orders, you need to list your mailing address so customers may send their payments to you. With PayPal, you may request a check or elect to link your PayPal account to a bank account to receive your payments. By linking you business checking account to your PayPal account, you will be able to keep track of any PayPal transactions made for business purposes.
Benefits
Keeping your personal finances separate from your Etsy business finances will make it far easier to organize your business budget and file your taxes. Rather than wracking your brain to remember all of your income and expenditures the next year during tax time, you will have clear records. These records are vital to proving your business expenses if you end up getting audited. If the IRS needs to check whether you're running a legitimate business or just crafting as a hobby, one factor it will consider is whether you keep a separate checking account, financial planner Richard Salmen says in 'Entrepreneur' magazine.
Considerations
For those who are selling on Etsy on a minimal level as a hobby, opening a business account may not be feasible since many banks require minimum balances and charge fees for their services. However, it's still important to keep ongoing documentation of your transactions. If you use a budgeting program for your personal life, such as Quickbooks, Intuit or Quicken, keep a separate account for Etsy sales. Otherwise, create a spreadsheet to track your transactions so you have a record when it comes time to file your taxes. It's also an excellent way to track your progress.
Thursday, January 17, 2013
How to Use PayPal Dispute Resolution for eBay Transactions
1. Use PayPal as your payment method. It has a dispute resolution service that will hold the money in escrow until the matter has been resolved. To open or respond to a dispute, simply click on your item number in your PayPal account and open the dispute. You want to clearly describe the problem you have with the item or clearly respond to your buyer's complaint promptly. If you do not respond to the complaint at all, you risk losing your money.
2. Make sure you have fully read the original auction description for the item at issue. If it was your mistake and you are the seller, you can offer a partial refund if the buyer will accept it. If you are the buyer, clearly state what it is you want from the seller.
3. Track your packages directly from the website if you didn't receive the package. Also, make sure that any emails you received from the buyer or seller before opening a dispute are kept in your email inbox.
4. Abide by the decisions of the resolve center. If you promised a refund, refund the money. If you're going to return the item, do so immediately and let the seller know that you have shipped it back to them.
How to Combine Shipping on PayPal
1. Determine your combined shipping rate before you start listing items on eBay. Some sellers charge a specific amount, such as full shipping on the first item and $2 for each additional item shipped. Other sellers offer a 10 to 50-percent discount off the shipping charged on all additional items. If you’re listing items of different sizes and weights, a percentage discount is often a better choice.
2. List the item(s) you have for sale on eBay, using the seller form. eBay requires that you create a headline, fill out information on the item and upload a picture if you have one, before you list shipping amounts or shipping information.
3. Select the combined shipping section on the listing form. When you reach the shipping options section of your listing, you enter the shipping amount you charge. eBay also lets you choose to enter the weight and size of the item, and have shipping determined by where the buyer lives. Select the combined shipping option and enter the discount or price for shipping of any additional items.
4. Advertise on all your eBay auctions that you offer combined shipping rates. This lets buyers know that they’ll save money if they purchase more items from you. It also helps increase the amount of possible sales you have, by encouraging potential buyers to look at your auctions.
5. Send an invoice using your combined shipping rate to all buyers who purchase multiple items from you. You must log into your account and create an invoice for the sellers who used the combined shipping options because eBay won’t do it for you. List the total amount you charge for shipping based on the discount, and send it to your buyer to let her know how much she owes and how she can pay with Paypal.
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