Tuesday, March 12, 2013
How to Set Up a PayPal Business Account
1. Before you go online, make sure you have all of your business and financial information available. You will be required to supply the following for your business: account name or owner name, address, customer service information, email, bank name, bank account and routing number.
2. Go online to PayPal Account Registration.
3. Select the country or region of your business from the drop-down box provided.
4. Select the language preference of your business from the drop-down box provided.
5. Select among the drop-down boxes that are the three PayPal Accounts: Personal, Premier and Business. Select the "Start Now" button located under the Business Account.
6. Select the type of payment solution you prefer for your business from the drop-down box. If you are not sure which to choose, select "I don't know." Answer the questions provided on the Find Your Payment Solution page. When you have finished click the "Continue" button.
7. Select from the possibilities recommended for you from the answers you provided. You can also view the other accounts available. Select the account you would like to open. Click the "Continue" button.
8. Select the "Go" button on the page that opens, which shows the three-step process that is needed to set up your business account.
9. Fill in the required information pertaining to your business. Click the "Continue" button. You will have to repeat this process, until all of the information required has been submitted. It will vary, depending on the services needed.
10. Use your account. Once you have verified your financial information, you will have complete access to all PayPal business options. This usually takes from three to five business days.
How to Collect With PayPal
1. Log in to your PayPal account using your email address and password. Select the 'Request Money' tab at the top of the page.
2. Enter the full email address of the person you are billing in the box labeled 'Recipient's email address.' Enter the amount you wish to bill in the field labeled 'Amount.' Use the drop-down box next to the amount to select the type of currency you are seeking.
3. Select 'Goods' or 'Services' under the 'Request payment for' field. Select 'Continue' to move forward.
4. Review the payment request to ensure you have accurately entered the information.
5. You may submit your request to the person from whom you are requesting money, or you can also write an email message to the person. The email is optional. Select 'Request Money' to complete and send your request.
How to Link to PayPal With a Canadian Bank Account
1. Log in to PayPal. If you do not already have a PayPal account, you must sign up for one (see the Resources section). To sign up, you need to submit your name, address, birth date, email address and telephone number.
2. Go to 'My Account.'
3. Click on 'Profile.'
4. Click on 'Add or Edit Bank Account.' This brings you to the page where your accounts are listed.
5. Click 'Add Bank.'
6. Complete and submit your bank account information. You need to choose Canada on the country line and then fill in your bank's name, bank transit number, bank institution number and your account type and number. You can find your bank's transit number and institution number at the bottom of your checks. Failing that, look on your bank statements or contact the customer service department.
7. Confirm your bank account. Within two or three business days of setting up your Canadian bank account, PayPal will send two small deposits of between one cent and 99 cents to the new bank account. Take note of the amounts of these deposits, then log in to PayPal and click on 'Confirm Bank Account' on your account overview page. You will be asked to enter the amounts of the two deposits that PayPal sent to your bank account. This will link your Canadian bank account to PayPal.
Can I Have More Than One PayPal Account?
Multiple Account
PayPal offers three types of accounts -- a Personal account, a Premier account and a Business account. According to their user agreement, an individual can hold one Personal account and one Premier or Business account. So in answer to the question above -- yes, you can hold more than one PayPal account. You are however, only limited to two accounts under your name provided one is a Personal PayPal account and the other a Premier or Business one.
Differences Between Accountds
A Personal account is typically used for online shopping and bill payments. You can also use this for accepting personal payments from friends and family, such as payment for shared rent or splitting dinner bills. If your are planning to use PayPal to accept payments for goods and services you sell online, a Premier account is recommended. Premier accounts are for casual sellers, or for non-businesses who wish to receive buyer payments. Business accounts on the other hand, offer more features for large organizations such as allowing access of up to 200 employees as well a PayPal account under a group or company name.
Multiple Emails And Bank Accounts
Although you can only have one Personal and one Premier or Business Account at PayPal, you can add more than one email to your account. In this case, if you are a seller and have multiple sites where you sell products at, you can attach both your payments@mytshirtshop.com and payments@myshoestore.com emails to one PayPal account. You can also have more than one bank account or credit card attached to an account. The only limitation is, if the bank account or credit card is already associated to one account, you cannot attach it to a second PayPal account.
Sharing Account
Personal and Premier accounts can only belong to an individual, but you can add joint bank accounts to either PayPal account. It's good to remember though, if you have a shared bank account, only one of you can add it to a PayPal account. If you have a business, Business accounts allow you to share access to more than one person such as an accountant or your business partner. Certain privileges can be set with regards to the level of access for each person.
How to Make Money Online and Get Paid Through Paypal
1. First off, you will need a Paypal account. Signing up for a Paypal account is completely free. With your Paypal account you can have money that you have made deposited instantly into your account. From there you have many options of what you can do with it. You can have it sent to another bank account, make payments, use a Paypal card for your purchases, etc. Remember that it works just the same as any normal bank.
2. How to make money?
There are many different ways to make money online but not all of them will deposit your money via Paypal. So when searching for ways to make money you need to make sure that the website is legitimate and look over their payment methods. A great way to see if a website truly will pay you is by searching the web for reviews. Don't just take the website's word for it, they can say anything they want. Look for people who are not affiliated with the website and see how their transactions have went.
3. Passive income.
One way to start making money is looking for a website that will offer you a passive income. That means you can continue to make money on work that you have previously done. That can be anything from posting comments, writing articles, blogging, etc. But these are not the only ways to make money online and get paid through Paypal. Paypal is being used more and more each day by companies to make payments. So even if you have found a company that does not make Paypal payments, it does not mean that they won't in the future.
How to Explain PayPal
1. Describe that PayPal is an online financial broker. PayPal earns the trust of the buyer and the seller, and hold their credit card and bank information secret. The company sends funds to email addresses without revealing the credit card or bank information of the payer.
2. Detail PayPal's requirements. The user requires no special technology or business license, only a valid email address and a valid credit card or bank account. There are three PayPal account types: personal, premier, and business. A personal account will allow anyone to send funds to or receive funds from anyone with an email address, but cannot accept credit or debit card payments. A premier account is just like the personal account, but it also allows payment from credit and debit cards and bank accounts. The business account is best suited for those running a large online business and offers no restrictions on transaction size. Setting up any PayPal account takes just a few minutes. When you send a payment, PayPal debits your chosen primary source of funding within 2 business days. If you are using PayPal to receive funds, you can leave those funds in your account and use them to purchase goods and services.
3. Explain how PayPal profits from your transactions. PayPal is entirely free for buyers; it costs nothing for someone to use PayPal to send funds. Sellers, however, are charged 1.9 percent to 2.9 percent to receive funds. There is also a surcharge that PayPal will withdraw from your funds whenever you accept a payment from a buyer.
4. Describe the transaction possibilities through PayPal. As stated, PayPal became famous through eBay, and it is used in 95 percent of eBay transactions. However, you don't have to be on eBay to use PayPal. It is a great method of transferring funds between strangers. Collecting money for events, paying for services or purchasing something from a stranger can be completed using PayPal.
5. List the safety measures employed by PayPal. It uses secure technology and employ experts in all areas of online safety. It is guaranteed against fraud and identity theft; every transaction is confirmed through email to the account holder and there is a 24/7 support team that will help the customer sort out any disputable transaction. EBay purchases can be insured up to $1,000. PayPal employs an antifraud team that uses the latest technology to detect and predict suspicious activity. Ultimately, PayPal is as safe as any online bank.
6. Show PayPal's website. PayPal has developed an amateur-friendly website that will guide you through sending money, purchasing goods and services, and receiving payments. There you will also learn how to withdraw money from your PayPal account.
How to verify your PayPal account with a PayPal Extras credit card
Getting Verified
1. Log on to your PayPal account through the home page of the website. Near the top of the welcome page, you will see 'Status.' Click the 'Get Verified' link.
2. Select the PayPal Extras MasterCard option on the right side of the next page. You will be taken directly to the card's application form.
3. Fill in the information that is asked of you. Your email address, phone number and billing address should already be there. You also have the option of choosing a card design.
4. Read the terms and conditions carefully. If you agree with the contract and fees, press 'Agree' and 'Continue.' You will be told within a few seconds whether or not you have been approved.
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