Can You Tell Me More About the PayPal System?

What You Need To Use PayPal
PayPal requires only a valid email address and mailing address. However, by adding a bit more information, you can use all the functionality that PayPal offers. Adding a credit card to your Paypal account enables you to pay for items online that are then charged to your credit card. Should you choose to add a bank account, you can pay for items from that bank account or receive payments which can then be deposited into that bank account.
How PayPal Makes Its Money
In order to purchase an item via PayPal, no fee is charged. You may set up a PayPal account and send money to as many people as you would like without paying any fees. However, should you choose to receive money via PayPal, there is a fee structure (unless the sender only uses his/her PayPal balance or checking account to send the funds).The transaction fees for standard Paypal accounts are 2.9% + $.30. A merchant account (utilized when one receives more than $3,000 per month) can receive money at 1.9% + $.30. These fees apply to domestic payments only. International payments have a slightly higher fee.
Other PayPal Features
PayPal has several features to enhance its product, including: mobile account access, invoicing (request money) and the PayPal Debit Card. The PayPal Debit Card enables one to withdraw funds from the PayPal account at any ATM or by purchasing items using the PayPal Debit Card number (similar to a bank debit card). PayPal is owned by eBay, so integration with the eBay site is seamless.

How to Edit PayPal Data

1. Go to PayPal website and log in by typing in your email address and PayPal password, then clicking Log In.
2. Bring your mouse to 'Profile' in the menu above your current account balance, but do not click. A drop down menu will appear giving you the option to add or edit your email, bank account, credit card, street address, or phone number. Choose whichever option represents the data you wish to edit, or choose 'More Options' if you do not see what you are looking for.
3. Click Remove. To select a different piece of data as your primary information, click to highlight that information, then click Make Primary. Skip to Step 5. To add a completely new email address, account, address, or phone number, click Add on the right side, and move to Step 4.
4. Type in the new data and click Save.
5. Click Back to Profile Summary. Review your current data and repeat Steps 2 through 4 as necessary until all desired data is edited.

How to Add PayPal to MySpace

1. Sign in to your PayPal account using your email address and password and click the "Merchant Services" tab.
2. Click "Website Payments Standard" from the menu to the left of the screen. You can create a PayPal button to add to your MySpace account here.
3. Select a payment button and click "Create one now." Enter information for the button, such as the organization name or service, select the currency you want to use, and select "Create Button." The PayPal button code will appear.
4. Copy the code for the button and sign in to your MySpace account.
5. Click the "Profile" tab from the navigation bar and select "Edit Profile." Paste your button code anywhere on your profile and click "Save Changes."
6. View your profile to verify that you added PayPal to your MySpace account.

How to Request Deposits in PayPal

1. Open a Web browser on your computer and go to the PayPal homepage.
2. Log into your PayPal account. Enter your PayPal email address and password and click the gold 'Log In' button.
3. Your account homepage appears. Click the blue 'Request Money' tab.
4. Enter the email address of the person you want to request a PayPal deposit from in the 'Recipient's email address' field.
5. Enter the amount of money you are requesting in the 'Amount' field.
6. Select either the 'Goods' or 'Services' option, depending on the reason you are asking for the PayPal deposit.
7. Click the gold 'Continue' button to request the PayPal deposit. PayPal will send your request to the recipient.

How to Accept Phone Payments With PayPal

1. Log into PayPal. Click the 'Virtual Terminal' button in the 'Tools' section of your account page when you're ready to process the customer's payment.
2. Type the order details into the 'Enter your order' online form. You'll need to provide currency information, the sale price of the item, shipping and delivery costs, and transaction type. Enter the customer's credit card or debit card type, card number and expiration details into the relevant input fields. Click the 'Review' button when you've completed the form. This opens the Transaction Results page.
3. Click the 'View/Print receipt' button to view or print a transaction receipt. Click the 'View/Print packaging slip' button to view or print an address slip that you can attach to the package you're sending to the customer. Click the 'Create a new transaction' button if you want to move straight on to process another telephone payment.
4. Click 'My Account' in the top navigation menu. This displays your account Overview page, which will now include details of the payment you just received from the telephone order.

How to Set Landing Page on PayPal

1. Log into your PayPal account.
2. Click 'Profile' from the sub-menu.
3. Click the 'Create New Button' link under the 'Selling Preferences' section. If you already have a button on your account, you may need to click 'My Saved Buttons,' then 'Create New Button.'
4. Fill out the online form in 'Step 1' if you are creating a new button. This will set up the kind of PayPal button you want to create and set the price for the item, if applicable.
5. Click 'Step 3: Customize advanced features (optional)' to open up the third section of your customization.
6. Place a check in the box next to 'Take customers to this URL when they cancel their checkout' and type the website URL for your canceled transaction landing page.
7. Place a check in the box next to 'Take customers to this URL when they finish checkout' and type the website URL for your completed transaction landing page.
8. Click the 'Create Button' button at the bottom of the page to save your button settings. Then, when users purchase or donate through this PayPal button, they will be sent to the landing pages that you specified in the form.

PayPal Refund Process

Issuing a Refund
When a refund is issued, the buyer receives the net amount of the original transaction plus the refunded fee from PayPal.To issue a refund, simply sign into your PayPal account and find the purchase that you are seeking to refund under the History tab. Click the 'Details' section and then click 'Issue Refund.' Indicate the amount that you would like to refund to the buyer.
Partial and Complete Refunds
PayPal permits partial and complete refunds for purchases of goods and services. When a full refund is issued, the original transaction fee is credited by PayPal, less a 30-cent processing fee. Partial refunds are subject to partial credit for the associated transaction fee.
New Refund Fee
Effective August 10, 2010, the PayPal User Agreement was amended to provide for a new 30-cent refund fee. The new PayPal provision provides that upon refund, the buyer's account will be credited in full while the account issuing the refund will be subject to the 30-cent fee.
Refunds After 60 Days
Refunds issued after 60 days are ineligible to receive credit for the original transaction fee for receiving the payment. The process for issuing a refund is the same as the process for refunding within the 60-day window; PayPal, however, will not issue a credit.