Ways to Use PayPal

eBay
Paypal is the most commonly used method of payment on the eBay website. Buyers can authorize the transfer of funds to the eBay sellers quickly, thus allowing for the purchased items to be shipped even faster than if waiting to receive a check in the mail, and for that check to clear the bank.
Debit
Paypal members in good standing may apply for a Paypal debit card. The debit card allows access to their funds for use in actual establishments. They may use the funds in stores or restaurants with the debit card; the same way one would use a credit card. The debit card will have a PIN (personal identification number) that the consumer will use when making any transactions.The Paypal debit card may also be used for withdrawing funds at an ATM.
Paychecks
Many employers pay their work-at-home employees using Paypal. They simply transfer the cash from their own Paypal accounts to their employees' Paypal accounts. The employees may then access the funds via their debit card, or transfer the funds into their own checking account. They may also request a check from Paypal. This comes with a small fee, however, and can take up to two weeks to receive.

How to Be Successful On eBay ~ Learn From These Mistakes

1.
As the seller, NEVER leave feedback for buyers without receiving it first. You relinquish all options otherwise. That means if you leave them positive and they leave you neutral or negative ... there's nothing you can do. Asking the buyer to remove what he left will be almost impossible because he's already got a positive from you.This is a highly debated topic on eBay. Though some sellers who sell brand new items rarely encounter an unhappy buyer, it does happen. Selling like new or used items increases your risk. Remember, some buyers are never happy, no matter what you do. It's best to wait until the transaction is complete before leaving feedback.
2. Make the terms of your sale crystal clear, especially your return policy. Otherwise, you could be in for unnecessary stress. Like buyer remorse. It's wiser for you to offer a 30 day no-hassle return policy. A very small percentage of eBayers will take you up on your offer, but overall, it's a good measure of business.
3. Use eBay's preferences to block bidders who don't have a PayPal account - this will cut 80% of your non-payers. People with a PayPal account are more likely to follow through with a transaction. Only accept USPS Money Orders ~ these are very hard to counterfeit, if impossible.
4. Measure your items, and make sure you have something appropriate to ship the item out. For example, see if the item will fit in the box before you list it. I ran into this issue and had to run around looking for a box, and worse, buy a brand new box to ship a used item! OUCH!
5. If you print your labels from PayPal, delivery confirmation is only $0.18 more and is free if you ship via Priority Mail. Getting delivery confirmation at the post office will cost you $0.55. - BIG savings. You don't need labels to do it. It'll print on the shipping label. Also - no buyer can deny receiving the package with tracking information! Plus, getting delivery confirmation is all you need to prove to PayPal the item was mailed, and the buyer will not be refunded. (This happened to me a lot UNTIL I started printing my own labels, then, there was no debate)
6. Regarding shipping supplies: labels, envelopes, tape. If you buy them off eBay you will save literally hundreds of dollars. Also, if you ship via FedEx. USPS or UPS they give you all supplies for FREE ~ sticker labels too.
7. Buy a cheap scale to weigh your items - this is how you determine your shipping costs to ensure you will never pay out of pocket again. I bought mine from a bedding store and used a 20% coupon to save even more!
8. When in doubt - list the item in used condition. This leaves no room for interpretation - it's used. Full stop. Otherwise, you could wind up receiving a less than positive feedback. People who buy like new items expect them to be basically brand new.
9. Sometimes it's better to walk away from leaving neutral or negative feedback - taking the high road and moving on, rather than create a potentially stressful situation. Example, someone with 100+ doesn't pay and the seller only has 15+. You leave a negative for the buyer with 100+ and they turn around and leave one for you (trust me it happens) - you can be ruined by just 1 transaction. Your score will be significantly lower than the buyers because he has more feedbacks to average.
10. A buyer is still always right in the eyes of a structured system - and it will never be the other way around. eBayers will be able to leave vindictive/false feedback and there's nothing you can do about it unless they curse in the feedback - then and only then, can it be completely removed.
11.
Life is too short to give up on your dreams - if you can believe it, you can make it happen.

How to Accept an EFT Electronic Check With PayPal

1. Visit PayPal's home page (see Resources) and click 'Sign Up.'
2. Select 'Premier' or 'Business' as your account type. These accounts are associated with receiving funds, such as an electronic check.
3. Fill in your basic information, such as your e-mail address, phone number, state, city, address, ZIP code and date of birth. Click 'Agree and Create Account.' Your account page will appear on the next page.
4. Hover over 'Profile' and click 'Add or Edit Bank Account.' Choose whether you want to link your savings account or checking account. Enter your banking routing and account numbers. Your bank's routing number is the left-hand string of numbers on the bottom of your check. The account number is the middle string of numbers.
5. Click 'Continue.' PayPal will deposit 20 to 30 cents into your bank account to verify the account, typically within 48 hours. After your bank account is verified, you can begin transferring money to and from PayPal.
6. Give your PayPal address to the person who wishes to send you an electronic check. The person can then send you the electronic check for the disclosed amount. The money will show up to in your account within seven days of its being sent. You can then transfer the money to your bank account or keep the money in your PayPal account for future purchases.

How to Determine if you are Really on the Paypal Web Site

1. Always type the URL (the Web address, for example www.paypal.com) into the address bar at the top of your computer screen rather than linking to it from another Web site. Online security experts advise this is a good general rule to avoid being directed to phishing sites.
2. Look for basic spelling or grammatical mistakes as well as "amateurish" Web pages. Many fake sites and phishing emails also address you as subscriber, account holder or a similar term-rather than by your name.
3. Be suspicious if you receive an email supposedly from PayPal that asks you to verify your account or for personal information-PayPal doesn't do that. And don't use the link to the PayPal Web site which may be in the email. To check your account, always type in the URL in the address bar.
4. Determine if the PayPal address in your browser is the actual PayPal address. There should be a backslash '/' immediately after 'paypal.com.' The real PayPal Web site should read: www.paypal.com/. An example of a fake site might be www.paypal@accounts.com.
5. Look for the little padlock symbol in your browser bar. If you are on the real PayPal site, it is a secure site, meaning your transactions and passwords are protected.
6. Don't click on any links or open any attachments from pop-up boxes or advertisements in email. It's a red flag; PayPal never uses these.

How to Set Up PayPal for a Business

1. Go to the PayPal website and click on 'Sign Up' (see Resources).
2. Choose the country in which you perform your business and the main language you use for your business.
3. Choose the 'Business' account from the drop-down menu. The other two choices are 'Personal' and 'Premier,' but they are for individuals. Hit 'Start Now.'
4. Click on 'Find Your Payment Solution' to choose the best payment solution for your business. Answer the questions on the menu and hit 'Continue.' You will need to enter your bank account information, including bank name, account number and routing number.
5. Click on the type of account you want to open for your business and hit 'Continue.'
6. Hit 'Go' and fill in the contact information for your business, including the name, address and other relevant information.
7. Check the bank account you connected to your PayPal account in a few days to get the 'verification amount.' You should notice a small deposit in your account made by 'PayPal.' Write down this number.
8. Log in to PayPal and enter in the amount of money that was recently deposited into your bank account. This assures PayPal that you have a legitimate bank account. You can now start using your business PayPal account.

How to Do an E

Using INTERAC
1. Log in to your financial institute and find the Transfer money tab or button. It should be located to the left of the page.
2. Fill out the money transfer form. The form will ask for the receiver's e-mail address, the amount to be transferred, and a security question.
3. An e-mail notification gets sent to the receiver's in-box. They must accept the money before the transfer can be completed.
Using PayPal
4. Create an account with Paypal. They require you to fill out an online form asking your name, address, e-mail address, and password.
5. Click on the Send tab to transfer money using an e-mail address. It is located toward the top of the page on a blue tab.
6. Enter the receiver's e-mail address and the amount to be transferred. The site will also ask you if you are sending money for goods, services, or eBay items. Click on the appropriate box.
7. Submit and confirm the transfer. The recipient should receive the e-mail notification shortly. They must accept the money through the e-mail and hold a PayPal account of their own for the money to transfer.

What Is the Difference Between PayPal amp; a Merchant#039;s Account?

Start-up Fees and Software
One of the ways that PayPal differs from merchant accounts is that with PayPal, you will not be charged a setup fee or be required to purchase software. When applying for a merchant's account, you may often be required to spend between $100 and $395 to set up your account and buy the appropriate software to accept credit cards. Some merchant account providers may not charge a setup fee or may offer special promotions that reduce the cost of software, but with PayPal you will never have to pay a setup fee or purchase processing software.
Monthly and Per-Transaction Fees
Merchant accounts always charge a monthly membership fee that typically ranges from about $7.99 to $25 per month, with additional charges for monthly statements and a 1 to 4 percent charge for each transaction. Some merchant accounts may offer a flat rate instead of a percentage -- typically $0.05 to $0.25 per transaction -- but will also apply a monetary penalty to accounts that do not meet a certain quota of sales. PayPal charges no monthly rates, requires no minimum amount of sales, and in 2011 charges a flat rate of $0.30 per transaction plus 2.9 percent.
Offline Transactions
If you are using PayPal to process customer credit and debit cards, you are restricted to only processing online sales. All of your clients and customers will be required to make credit card purchases via the Web, and all of your face-to-face and order-by-mail transactions will have to be made by cash or check. Merchant's accounts offer the flexibility of adding a portable credit card terminal to process on-site credit and debit card transactions. Some merchant accounts allow you to process credit cards over the phone by entering the customer's credit card number through an automated system.
Approval Process
Though you will be required to complete an application and provide all pertinent information such as your full, legal name, address, Social Security number and banking information -- for funds transferring -- there really is no particular criteria to establish a PayPal account; nearly everyone over 18 years old is approved. Merchant's accounts often require a more scrutinizing application and approval process, and not all applicants are accepted. Merchant accounts often perform background checks, investigate your credit report and evaluate your website, products, services and sales volume before granting you approval. In some instances, you may even lose a portion of your setup fee if your application is denied.
Credit Card Number Disclosure
PayPal is a great alternative for shoppers who prefer not to disclose their credit card information. Credit card information is never disclosed to PayPal merchants under any circumstances. Merchant's accounts on the other hand, offer full disclosure to the business owner, making all credit card information available at each and every transaction.
Direct Deposit And Federal Banking Regulations
PayPal is not a bank and therefore is not obligated to abide by federal banking regulations. Your funds are deposited into PayPal's bank and held until you transfer them to your integrated personal savings or checking account, which can take three to five business days. PayPal also reserves the right to freeze your account activity -- and funds -- at any time for indefinite periods at their discretion for a number of reasons including accepting unusually large payments -- it's rumored that $2,000 or more will trigger this flag -- customer complaints, exorbitant shipping fees and logging in from an unfamiliar IP address. Merchant's account funds are deposited directly into your financial institution account within a 48-hour card processing period and cannot be withheld from you.