Sunday, July 7, 2013
How to Sell a Domain Name Using PayPal
1. Create a PayPal account using an email address and a password. Apply for a PayPal Merchant Services account by selecting the 'Business' tab at the top of page. Unlike a personal PayPal account, a PayPal business account allows you to receive payments.
2. Link your checking account to your PayPal account. Have a blank check ready so you can input the bank routing and account numbers found at the bottom of the check. PayPal requires your bank account information to activate your PayPal account.
3. Go to eBay's website through your PayPal account. From the 'Business' tab, place the cursor on 'Products & Services' and scroll down and click on the 'Sell on eBay' link. Click on the orange 'Sell on eBay' button, which launches you to the eBay website.
4. Register to become an eBay member. Enter your personal details and create an eBay user id. Choose a password and pick a secret question. Accept the User Agreement and Privacy Policy statements. EBay sends you an email confirmation, which is the final step in the account activation process.
5. Type 'domain names' under the search category on eBay. Create a descriptive title for your domain name such as 'high-end domain name available for sale.' Under section 4, 'Describe the item you're selling,' select the type. Because the category is domain name, eBay provides two choices under Type: Domain Name and Premium Domain Name. EBay also allows you to create your own. Select the Domain Extension (for example, .com, .biz or .org). Finally choose a service area from the drop-down menu. Provide a description of your domain name.
6. Set an auction price for your domain name and the number of days for the auction. Make sure there is a check in the box next to 'Accept Payment with PayPal' under the section entitled, 'Decide how you'd like to be paid.' Check to make sure the email address you use with PayPal appears.
PayPal amp; State Regulations
Licensing Issues
Louisiana has sued PayPal for operating as an unlicensed bank.
States such as Louisiana and New York have charged PayPal with operating as an unlicensed bank. In 2002, Louisiana demanded that PayPal suspend services to state residents until it was licensed by the state as a bank. PayPal has since resolved these licensing issues by being licensed as a money transmitter the same as Western Union.
Dispute Resolution and Arbitration
California has sued PayPal over violating state law governing business practices and dispute resolution.
In March 2002, PayPal was sued in California for violating state law with its business practices and dispute resolution procedures. A formal settlement was agreed to in June 2004 in which PayPal agreed to change their dispute resolution practices and paid $9.25 million to resolve the matter. In August 2002, PayPal was accused of violating California law with parts of its user agreement and arbitration process and was made to change them to comply with state law.
Client Rights and Liabilities
New York ordered PayPal to disclose customer rights and liabilities.
In March 2004, the New York Sate Attorney General ordered PayPal to more accurately disclose client's rights and liabilities. The company complied.
The Best Way to Send Money to Belize
Bank-to-Bank Wire Transfers
1. Visit a bank and send the money by wire transfer. This is the easiest method available, though the most expensive. Give the bank your name, the recipient's name and address and bank information (account and routing number).
2. The transfer can take from a few hours to a week. Confirm with your bank how long it will take. The recipient will have to go to the bank to pick it up, or it can be deposited directly into his account.
3. Fees for wire tranfers differ slightly from bank to bank. For example, in sending money to Belize, Bank of America charges $35 to $45 to the sender and $16 to the recipient.
Bank-Centered Service Companies
4. Try a dedicated money-wiring service like Western Union or MoneyGram. They use the same wire-transfer technology as the bank, but they streamline it so you can do it on line. As with a bank wire transfer, it takes a few hours to a week. The cost is lower: $5.00 to send $50 to Belize.
5. Visit MoneyGram or Western Union's home page and create an account or sign in. Fill in the country of origin and the recipient's country, choose a delivery option, and then click 'Continue.'
6. Enter the amount and type of currency. Fill in the tecipient's name. Put in your credit-card number to pay for the transaction amount plus fees. You'll see a date when the money will be available in Belize and a confirmation number. Send this information to the recipient, which he will need to receive the money.
Email-Centered Companies
7. Use PayPal if you know the recipient's email address. There are other email-centered companies, but Paypal is the most established. PayPal charges $1.50 to send any amount up to $300 to Belize. The recipient will receive an email telling her the money has arrived. It will be available to her immediately.
8. Find the PayPal home page and sign up if you don't already have an account. Registration can take several days. As part of the process, PayPal will make a small transaction with the bank account or credit card you're using, and you will have to verify that information.
9. Once you have an active account, sign into PayPal and click on 'Send Money.' Enter the email address of the recipient, plus the amount and type of currency. Attach an optional label to the transaction that reminds you of its purpose. Click 'Send Money' to finalize the transaction. The recipient will receive an email telling him he has received the money. He can then transfer it to his bank account.
How to Open a PayPal Merchant Account
1. You can avoid the hassle and risk of credit card transactions or simply add an alternative by adding a PayPal Merchant Account to the payment options of your website. You can even create you own shopping cart rather than having to 'rent' one if you use PayPal to handle payment on all your business orders.
2. PayPal has a convenient recommendation wizard set up to help you set up the kind of payment system that will best fit your business. You can choose from up to eight different ways to set up your business transactions.
3. You will need to set up your account first. Paypal lets you choose whether you will need a Premier Account for individuals buying and selling online, or a Business Account which would be if you want a merchant account for a company or group name.
4. Actually getting your PayPal merchant account registered is then just a simple process of filling out the requested forms. You can go directly to the site to open a PayPal Merchant Account by following the link under Resources below.
5. Once you have your PayPal merchant account set up, selling items on the internet will be fast, easy and secure!
How to Join Investment Clubs With PayPal
1. Log in to your PayPal account online.
2. Send a one-off payment by clicking 'Send Money.' Enter the email address or phone number of your investment club head in the 'recipient' list.
3. Enter the amount of money you want to send and the correct currency. Select 'Purchase' from the list of options, and then click 'Continue.' If you wish to change your payment method, you can otherwise click 'Send Money.'
Saturday, July 6, 2013
How to Use PayPal API
1. Enter your PayPal Business account username and password at PayPal.com and select the "My Account" tab. Click the "Profile" link and choose "My Selling Tools." Click the "Update" link in the "API Access" row. An API Access page appears.
2. Request API credentials for your own use by clicking the "View API Signature" link. This option enables you to get the credentials necessary for customizing your website with a PayPal API. It also enables you to use preintegrated shopping carts that run on your own server.
3. Copy the API Username, password and signature fields. Paste theses PayPal API credentials into a document for safekeeping. This is the information you need for configuring a preconfigured shopping cart or building a custom shopping cart yourself. Keep your credential information secure. Do not share your API username, password or signature with anyone.
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.
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