Advantages of a Premier PayPal Account

Subscriptions Enabled
If you offer a product that requires your customers to pay a monthly fee, such as access to an exclusive website, you can request that PayPal automatically send out invoices at the time interval of your choice. If you are running a business, this is a time-saving tool as it eliminates the need to send out all the invoices separately. This is beneficial if you are running your own small business, because saving time can save you money.
Debit Card Provided
When you have a Premier PayPal account, you are issued a PayPal debit card. The debit card allows you to make withdrawals from your PayPal account when you need cash. PayPal also offers a cash back reward for certain purchases made with the card. You can monitor the deposit, withdrawal and transfer of your debit card funds by logging into your regular PayPal account, making it easy to see your expenses.
Multiple Payments
According to PayPal, the Premier account allows you to send out large numbers of payments at once. To make multiple payments, you include the payee's email address, provide the payment amount, specify which currency to make the payment in, verify that you have enough money in your account, and then click 'Mass Pay' to make all the payments at once. Although there are multiple steps to setting up the account, once you have provided all the necessary information it remains in the PayPal system, ready for the next time you need to send out payments. This is also a time-saving process, whether you are managing a business or just looking for a convenient way to pay your bills.
Logging In
The PayPal Premier Account option allows you to have multiple log-ins. This means that if you are running a small business, you can grant your employees partial or total access to your PayPal account. This is useful, for example, if you employ someone to act as a financial secretary in your business. Job duties for a financial secretary include accepting payments, handling money accounts, recording receipts in a ledger book and preparing financial reports, all of which is possible with a PayPal Premier account.

How to Use PayPal in Escrow

1. Ask the other party in your transaction if he is located in the United States. To be able to use PayPal in the transaction, both the seller and the buyer must be in the United States.
2. Agree on a price no greater than $5,000 for the transaction. If the price exceeds $5,000, you usually cannot use PayPal for the transaction.
3. Buy something that must be shipped via a trackable method. PayPal cannot be used in the transaction for items that are not being shipped or that are not trackable, even if they are being shipped.
4. Click on 'PayPal' as your payment method on the transaction screen. The money is taken directly from your PayPal account and put into the escrow account for the transaction.

How to Send Money Fast

Paypal
1. Send your money fast with your PayPal.com account. Assure that your payee has a valid email address that is linked to his own PayPal account (or ask him to open one in order to receive the money---it is a free process).
2. Click the 'Send Money Online' link on the homepage.
3. Enter the recipient's email address and the amount that you want to send. Choose 'Purchase' or 'Personal.
4. Log in to your PayPal account (or sign up for a new one). Pay with a credit or debit card---the money will be sent to the recipient's email and PayPal account instantly. He can use his Paypal debit card to withdraw the cash immediately or do a direct deposit to his account, which will take about three days. He will pay a fee of about 3 percent for the transaction.
Money Transfer Service
5. Go to your local MoneyGram or Western Union location to send money to your recipient immediately. You will most likely find one of these instant money transfer locations at a major supermarket or check cashing store. You can also go online to the company's website to send money fast.
6. Fill out a form with your recipient's name, city and state and pay the clerk the money you would like to transfer. You will also have to include a password that the recipient must recite in order to receive the funds.
7. Call the recipient to tell him the password listed on the application so that he can retrieve the money from a corresponding MoneyGram or Western Union location in his area. You will pay about $10 to $30 for this service depending on the amount.
Overnight Shipping
8. Purchase a money order from the post office or a store that offers them (costs about $1). Money orders usually clear faster than checks.
9. Visit the post office or shipping location early in the day, preferably before 10 a.m., to assure that the money order will be eligible for next-day delivery.
10. Ship your money order via Express (overnight) mail, which costs about $15 to $20. Request early morning delivery if that is an option---some services can only guarantee afternoon delivery. There are also same-day shipping services offered by companies like UPS and FedEx, but be prepared to spend as much as $100 for that convenience.
11. Be sure that your recipient knows to be home to receive the money order; if not, the shipping service may hold the package at the location, which could delay receipt by at least a day.

Advantages amp; Disadvantages of Using PayPal

Advantage: Trusted
Many shoppers are, possibly wisely, wary about providing their credit card or checking account information to businesses with which they are not familiar online. Because PayPal acts as an intermediary -- a customer's account information never reaches a website owner -- shoppers may buy your wares using PayPal without worrying that their accounts will be compromised.
Disadvantage: Locked Accounts
Because of security issues and U.S. regulations enacted to limit the transfer of money to terrorists, PayPal sometimes freezes an account because of a suspicious circumstance. Accounts may be temporarily frozen because of suspected security breaches, or for a longer term as PayPal investigates potential improprieties. Accounts may be frozen for months on end, leaving merchants without the ability to extract the funds in their account.
Advantage: Easy to Implement
Setting up a secure e-commerce website can be tricky and expensive. Many businesses with a small web design budget opt to use PayPal as a payment option simply because of its ease of use. PayPal provides the widgets a website operator plugs into a page, and PayPal code takes care of the rest, directing users to a secure server, creating invoices and managing the funds transfer.
Disadvantage: Corporate Access to Your Bank Account
Although PayPal serves as a buffer between the general public and privately held bank accounts, its terms of use provide it access to its holders accounts. Because of this, the service may deduct funds from your bank account without your authorization if charge-back conditions are met by customers.
Advantage: Free to Implement
Although PayPay claims a portion of every payment made to you by your customers as a transaction fee, it allows small businesses to use its services otherwise without charge. Larger businesses may choose to operate under its Website Payments Pro plan, which allows payments to be made directly on your website without a redirect to the PayPal page for $30 per month as of December 2010.
Disadvantage: No Outside Arbritration
If businesses have a dispute with PayPal over charges of fraud, account freezes or other administrative problems, they have little resource. PayPal's terms of service grant the company dominion over all funds in its possession, and investigations into charges may be performed without having to provide documentation to account holders.

How to Use PayPal to Become a Micro Lender

1. Understand how microlending works. You use your PayPal account to help fund a loan request in whatever amount you are willing, and the organization that is collecting the money will send it to that needy person when the loan amount has been collected. The loan requester then repays the loan, and you get your money back.
2. View the requests for loans from entrepreneurs at kiva.org. Choose someone you feel is worthy, and make a loan of at least $25, which is the minimum amount accepted. Understand the length of the loan and when you can expect to be repaid. Some loans are repaid through monthly payments, others you get back in a lump sum at the end of the loan period.
3. Receive periodic updates via email from the person or company to whom you gave the microloan. Learn how they're using the funds to better their lives and the lives of their families.
4. Feel a sense of satisfaction knowing that you're helping someone who is part of the working poor population, and helping them strive toward economic independence.

How to Unlock a PayPal Account

1. Sign in to your PayPal account.
2. Visit PayPal customer service (see Resources).
3. Click 'Call Us' and then click 'Call Customer Service.' Scroll down to see the customer service number.
4. Call PayPal customer service and enter the web PIN number on your keypad. This is a six-digit PIN number you need for customer service.
5. Follow all instructions from the automated PayPal system on your phone. Speak clearly when the automated voice asks you questions. It asks you why you are calling PayPal, and you must answer each question in order to speak to a customer service agent.
6. Answer all of the questions the customer service agent asks. She will ask about account activity, such as the last time you made a withdrawal, or for personal information such as your Social Security number or current home address.
7. Wait for the customer service agent to unlock your PayPal account. Log in to your account again to see if your have full access to your account.

How to Add Funds in PayPal

1. Log in to your PayPal account and click 'Add Funds' on the 'My Account' tab.
2. Click 'Add funds from a U.S. bank account' to transfer money from your bank account to your PayPal account. Select the bank account you want to use on the 'From' drop-down list. If you want to use an account that is not listed, click 'Add Bank Account' and enter the requested information to link that account to your PayPal account.
3. Type the amount you want to add to your PayPal account on the 'Amount' field and then click 'Continue.' Review the confirmation and click 'Submit' to initiate the transfer. The process takes three to five days to complete.