PayPal Disadvantages

Verification Problems
New users, especially the users who are planning to use the PayPal account to conduct business, are asked to verify their account. This can be done via credit cards or bank account information. As a user, you do not give vulnerable information to PayPal, but simply confirm the small amounts that PayPal will send to your account. Failure to verify your account can lead to account freezing or payments being put on hold.
Transfer Times
When a payment is sent to you via PayPal, it is not immediately directed to your bank account should you choose to transfer the payment. It often takes five to seven business days for PayPal to transfer your money to your bank account. This is a disadvantage, as payment is sometimes delayed up to a week or more.
Transfer Fees
Should you choose to transfer your money from your PayPal account to your bank account, PayPal requires a transfer fee. The fee is $.50 per transaction as of October 2010 and is less noticeable on larger withdrawals. It is, however, a disadvantage on smaller transactions.
Temporary Payment Holds
Users who primarily use PayPal for business services are at risk for having their payments put on a temporary hold. PayPal can decide to hold payments based on a user's account, the frequency of transaction activity, the business being conducted on the account and disputes or complaints PayPal may have received regarding the user. According to PayPal's website, holds are most commonly placed on users who have limited selling activity, high-risk category merchants and users who experience performance or buyer dissatisfaction issues.

How to Cancel the Auto Payment for Hotfile

1. Log in to your PayPal Account. Enter your email address and password and click 'Log In.'
2. Click the 'History' tab at the top of the page. A list of your current subscriptions is displayed.
3. Click the 'Details' link next to the Hotfile subscription.
4. Click the 'Cancel Subscription' button from the bottom of the Details page. Click 'OK' to confirm your cancellation.
5. Check your email. A cancellation confirmation email is sent to your account notifying you of the cancellation of the Hotfile subscription.

How Can I Transfer My Gift Card Balance to My Paypal Account?

1. Link your bank account with your Paypal account if you haven't already done so. Log in to your Paypal account and mouse over the 'Profile' button near the top. Click on 'Add or Edit Bank Account' from the dropdown menu.
2. Fill in your bank information for the account you wish to link with Paypal. Paypal will make two small deposits of under $1 into your account. When you have a bank statement describing these two amounts, log back into your Paypal account and fill in the two amounts. Your bank account will now be linked with your Paypal account.
3. Call your bank or visit your local branch. Tell the bank teller that you wish to transfer a gift card balance into your bank account. The bank will debit the amount from your gift card and credit it to your bank account.
4. Log back into your Paypal account after the money has been transferred to your bank account. Mouse over 'Add Funds' at the top of the screen and click on 'Add Funds from Bank Account.' Make sure that the correct bank name is showing in the dropdown menu. Fill in the amount of money you wish to transfer and click the 'Continue' button.
5. Confirm that the amount showing on the next page is correct, then click the 'Confirm' button. Your money will be transferred into your Paypal account in a couple of days, depending on how quick your bank is with transfers.

Bad Request

How to Use a Target Visa on PayPal

Link your Target Visa with Your PayPal Account
1. Visit the PayPal website and log in securely with your user name and password. You will be taken to the 'My Account' page.
2. Place your mouse over 'Profile' to bring up the list of menu options. Choose 'Add or Edit Credit Card.'
3. Select 'Add a Card.' Enter your first name, click 'Type of Card' and choose 'Visa.'
4. Make sure the name displayed by PayPal matches the exact name on your Visa, then enter the credit card number, expiration date, and the three-digit security code from the Target Visa's back signature panel. Also, make sure your billing address for the credit card matches the billing address on file with PayPal. When finished, click 'Add Card.'
Select Target Visa as your PayPal Funding Source
5. Select PayPal as your payment method when making a purchase on the Web.
6. Pick 'Change' or 'More Funding Options' during checkout.
7. Choose 'Target Visa' from from the your list of available funding options, then click 'Continue.' PayPal will charge your Target Visa for the purchase.

What Are PayPal Requirements?

A Valid Email Account
Paypal is easy to join, but to do so you'll need a valid email account. Email accounts are easy to obtain. Most Internet service providers like Verizon and Comcast supply paying customers with email accounts. Creating a free email account at websites such as Yahoo, Gmail or Hotmail is also possible. Once you have a valid email account, you have the first Paypal requirement.
Bank Account or Credit Card
A bank account or credit card is needed to send or receive money past a certain, low limit. This is called 'verifying' your account. Verifying your account is easy. Once you create a Paypal account, you'll find a 'Verify Your Account!' button at the top of the page after signing into Paypal. Paypal will also send you emails asking you to verify your account if the default email settings are left in place. Have your credit card or bank account information handy and follow the simple steps.
MoneyPaks
MoneyPak cards are a way to use Paypal if you don't want to link to a credit card or bank account. MoneyPaks are available for $4.95 or less at over 40,000 retailers, including 7-11 convenience stores and Wal-Mart. Once you have a MoneyPak card, funds can be added to it at the store's register, then claimed via the Paypal website. The MoneyPak can be used repeatedly, without needing to purchase another. The initial yearly limit you can add via MoneyPaks is $250, but that can be raised to $2,000 a month by supplying Paypal with your name, address, date of birth and Social Security number.

How to Print PayPal Shipping Labels

1. Visit PayPal's home page and log in. Once your account overview page appears, scroll through your recent activity to find the transaction for which you wish to print a shipping label. If you cannot find it in your recent activity list, click 'History' at the top of the page.
2. Click 'Print Shipping Label' next to the desired transaction. A page will appear with the USPS and the UPS icons. Select your desired carrier by clicking the circle next to the appropriate icon. Click 'Continue' and then click 'Continue' again after verifying that your computer meets the specifications listed on the page.
3. Complete the shipping details, which include the shipping date, service, package size and optional information, such as signature confirmation. The page layout will vary slightly depending on whether you chose UPS or USPS as your carrier. If you chose UPS, you must either enter your UPS account details or create a new UPS account through PayPal. When filling out the shipping details, PayPal will automatically fill out both your address and the buyer's address. You can edit either address if you need to.
4. Click 'Continue.' Verify that the shipping information is correct and click 'Pay and Continue.' You can then pay for your shipping label and print it out using your printer.