How to Get a Verified PayPal Account

1. Go to the PayPal website. Click on 'Sign Up' at the top of the screen.
2. Choose the country in which you live and the language you commonly speak. Decide whether you want a personal, premier or business account. You may get a verified PayPal account with any of these types of accounts. A personal account is typically reserved for individuals who shop or share money with others on the Internet. A premier account is typically reserved for people who buy or sell products on the Internet. A business account is typically reserved for those who use business names for their buying and selling.
3. Fill in information about yourself like your email address, name, address and phone number. Include your business name and business information, you are signing up for a business account. Read the PayPal User Agreement and Privacy Policy. Click on 'Agree' and 'Create Account.'
4. Check your email for a confirmation email regarding your PayPal account. In that email, click on the link to confirm your account.
5. Click on 'Add Funds' at the top of the PayPal screen. Click on 'Add Funds by Electronic Funds Transfer.' Then click on 'Add Bank Account' in the middle of the screen.
6. Type in your bank name, account type, routing number and account number of a checking account or savings account that you want to add to your PayPal account. Your name and address with the bank you are adding must match the name and address you gave PayPal when you signed up in Step 3. PayPal will then make a small deposit into your account.
7. Check your bank account in three to five days to see what the amount of the deposit is. Log back in to your PayPal account and click on 'Verify PayPal Account.' Type in the exact amount of the deposit and click Submit. A page will come up that you now have a verified PayPal account.
8. Click on PayPal Plus Credit Card on the left side of the main PayPal screen once you have logged into your account to add a PayPal Plus credit card. This is the other way in which you may get a verified PayPal account. Fill out your name, address, phone number and social security number on the application page. Click on 'I Agree' to confirm that you are requesting a credit card. Once you are approved for a PayPal Plus credit card, you are also a verified PayPal account holder.

How to Make a Money Transaction Over the Internet

Paypal Transaction
1. Navigate to the Paypal Website. Click 'Sign Up' to create a Paypal account.
2. Verify your new Paypal account. After creating an account, you will be asked to verify your bank information by reporting a Paypal deposit in your account (usually 2 to 4 cents).
3. Click on send money. Once your account is verified, you can make a money transaction with anyone else who also has a Paypal account.
4. Enter the email address or phone number of the person who is to receive your payment. If you send money to an email address or phone number of someone without a Paypal account, he will be prompted to easily create one.
5. Enter the amount and payment information. You can pay using funds from your bank account, credit card or Paypal account balance. After confirming the amount, click send money to finish the transaction. Paypal will email you a receipt.
Western Union Transaction
6. Navigate to the Western Union Website. Click 'Register' to create an account.
7. Click 'Online' to send money over the internet.
8. Select the state where the money is being sent from. Select the state where the money will be sent.
9. Choose the service you want. 'Money in Minutes' sends money to a Western Union location. 'Direct to Bank' will deposit money directly into the recipient's bank account.
10. Enter the required information and the amount. Click 'Send' to begin the money transaction. You will receive a confirmation from Western Union.

How to Cancel or Close your Pay Pal Account

1. Pay Pal can be a great alternative to having a regular merchant account, as set up is fast and simple. However, sometimes people outgrow their account, and find themselves ready to move onto another processor. If you need to cancel your pay pal account, the first thing you need to do is log in to your Pay Pal Account.
2. You should be on the home screen. Click on the "My Account" tab.
3. Click on the "Profile" subtab. There is no need to scroll through the options you see; simply click on the actual words; it is a link.
4. Click the "Close Account" link found in the account information column.
5. Follow the instructions provided. You may simply receive a confirmation message that your account has been closed successfully, depending on your current account standing. If you owe money or your have disputed items pending, you will be unable to close your Pay Pal account until they are resolved.
6. Once your Pay Pal account has been closed, you might want to consider looking into getting a regular merchant account for your personal or business banking needs. Merchant accounts have competitive rates that are usually much cheaper than Pay Pal, and can provide you with a lot of great perks that you didn't have before. Just be sure to research and compare some of the merchant account set up fees, and gateway charges before you commit to one company.

How to Set Up PayPal to Automatically Transfer Payments to a Checking Account

1. Log onto your merchant PayPal account and find the 'Contact Us' link at the bottom of the page. Click on that link, then select the 'Help by Phone' option. That option will take you to a page that provides you with a customer-service phone number and other information, including a security PIN, that you will need to make the call.
2. Call the customer-service line and tell them that you are interested in enabling the Auto Sweep function on your PayPal merchant account. You will need to provide the customer-service representative with specifics on the account so he can research the option.
3. Allow the customer-service representative to look into Auto Sweep. If you are approved for Auto Sweep, PayPal will enable the program remotely. It will show up on your PayPal profile menu soon afterward.
4. Contact PayPal if you would like to disable Auto Sweep or have problems with the function.

How to Send Money With an Unverified PayPal Account

1. Open your web browser and allow the homepage to fully load. Type the following web address into the task bar at the top of the screen: https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=marketing_us/send_money.
2. Type the recipient's email address in the "To" box on the right side of the screen. Type your own email address into the window marked "From" directly beneath it. Make sure the email addresses are correct or the transaction will not be able to be completed.
3. Enter in the amount of money (in U.S. dollars) that you want to send to the other individual. Check the box to determine whether or not you are sending this money in exchange for goods/services or if it is for personal reasons. Click the "Continue" button at the bottom of the screen. The site will ask to verify if the information is correct.
4. Enter in the credit card information for the account that you want the money to be drawn from on the next screen. Click "Send Money" once the information has been completely entered. The recipient will receive an email stating that you have sent him money. If he has a PayPal account with the email address to which you sent the request, the money will automatically be transferred to that account. If not, he will be prompted to create a new account to receive the funds.

Do I Need to Open a Separate Bank Account for My eBay Business?

Business Income
While you may think of your eBay sales as a simple sideline or a way to get rid of that old cuckoo clock, the IRS constitutes those sales as business income. Setting up a separate bank account makes it easier to keep track of that business income and keep it separate from your personal earnings.
Tracking Income
Tracking the income you make on eBay is essential, and a business account can make that a lot easier. When running your eBay business you need to account for the expenses imposed by eBay and by Paypal, since those charges can really add up. If you have a separate bank account just for your eBay business, you can easily determine how much you made, net of expenses, for each of your auctions.
Tracking Expenses
Tracking the expenses associated with your eBay business is essential, and it is much easier to keep track of your costs if you have a separate bank account. For instance, many sellers on eBay buy products specifically to resell on the site. By using a separate bank account to buy those items, you can easily track how much it costs you to host each auction.
Simpler Accounting
Setting up a separate bank account for your eBay business makes your tax planning and tax preparation a lot easier. No matter how small your eBay earnings may be, the IRS still considers those sales to be income. If you fail to report that income, you are inviting an inquiry, and possibly even an audit, by the IRS. Starting on January 1, 2011, Paypal is required to report transaction information for large account holders, currentlyl defined as those who do at least $20,000 worth of business and receive at least 200 transactions. If this new law affects you it is imperative that you establish a separate bank account for your eBay business.
Paypal Concerns
If you sell on eBay you receive payment for your auctions through Paypal. This payment system allows buyers to pay for their purchases using a bank account or credit card number, and it also provides buyers with protection from fraud and shoddy merchandise. While this is a good thing, if there is a dispute regarding one or more of your auctions, Paypal could temporarily freeze your account. If you have a separate account for your eBay business, you can link only that account to Paypal. That way if a dispute does arise, only that account is affected. If you link your personal account to Paypal, you could lose access to those funds while Paypal completes its investigation.

How to Change a Tracking Number on PayPal

1. Navigate to PayPal.com in your Web browser and log in to your account with your email address and password.
2. Scroll down to the 'Transactions' section of PayPal.
3. Click the 'Details' link next to the transaction for which you need to change the tracking number.
4. Click the 'Add/Edit Tracking Info' button.
5. Erase the tracking number in the 'Tracking number' box and paste or type in the correct tracking number. Select the shipping company and then click 'OK' to change the tracking number in PayPal.