Saturday, July 20, 2013
How to Accept Payments at Trade Shows
1. Obtain portable merchant hardware to accept payments at trade shows. You can get this from your bank. Applying for a hardware swipe machine can be done in person or online. The account creation approval time varies, but once approved, you have funds placed into your bank account within 24 hours, usually. Transaction fees will be associated and possibly some monthly fees.
2. Use a virtual terminal merchant account to receive payments when out in the field. You will need your laptop and a secure wireless connection. Simply log-in to your merchant account and input the credit card information to accept a payment at a trade show. To learn more, you can refer to PayPal.com as an example.
3. Use your smart-phone to accept payments securely at trade shows. iPhone and some Android users benefit significantly from the applications created to help mobile entrepreneurs conduct business more effectively. For instance, smart-phone owners can swipe credit cards with the addition of small add-on accessories. These accessories are small devices that read the card information and complete the transaction on the spot. MerchantPlus.com is among the industry leaders in adapting to smart-phone users doing transactions on the go.
4. Accept payments by any cell phone at a trade show. For business owners who don't have a smart-phone such as the iPhone, you can use a simple dial-in system to accept payments. Best of all, there is nothing to set up and it is really convenient. Cell Charge is an example industry leader that caters to this market.
How to Pay a Smaller Percentage to PayPal
1. Tell people who send you money to mark their payments as "Personal." To receive money without a fee, the recipient has to specify to the sender that when they complete Paypal's "Send Money" form, the funds should be sent under the tab marked "Personal." Once they click the "Personal" tab, the sender has five options: "Gift," "Living Expense," "Payment Owed," "Cash Advance" (from a credit card) and "Other." Payments made under these options are free.
2. Ask clients making a one-time purchase to make payments under the "Personal" tab and mark them "Payment Owed." For business use, the "Payment Owed" option is limited, but still a viable option for avoiding fees, particularly if it's for a payment for a service, not tangible goods. Services are not eligible for Paypal's buyer protection coverage anyway, so a client isn't jeopardizing their payment security by paying via the "Personal" tab--they're just saving the recipient from incurring any fees.To receive funds on PayPal without these options, as of January 2010, PayPal charges between 1.9 and 2.9 percent of the transaction amount plus 30 cents per transaction. When individual clients make one-time payments owed via the "Personal" tab, this can save the recipient hundreds, even thousands of dollars over time.
3. Avoid funding your Paypal transaction with a credit or debit card. Sending money via PayPal to anyone is free unless funded by a credit card, debit card or PayPal credit card. In this scenario, PayPal charges 2.9 percent of the transaction amount to send money, plus another 30 cents per transaction. The sender must decide if he will pay the fees, or if the recipient will be responsible for them. To avoid these types of sender's fees, fully fund the money transfer with either your PayPal balance or with a funds transfer from a bank checking account.
4. Time your payments to bump your monthly sales volume into a lower fee bracket. Paypal charges merchants based on the amount of money that flows into their accounts each month. Merchants who bring in more than $3,000 in a month can apply to have the percentage PayPal charges per transaction dropped from 2.9 to 2.5 percent for the next month. If they make more than $10,000 in a month it could drop to 2.2 percent and if receipts are more than $100,000 in a month the percentage falls to 1.9 percent. The additional 30-cent fee never decreases.
Friday, July 19, 2013
How to Change an eCheque
1. Log in to your Paypal account.
2. Click 'Send' money and then enter the required information like seller's name and item number.
3. Click 'More funding options' and then click the appropriate radio button. For example, click the 'Credit card' radio button.
4. Click the 'Send' button to complete the payment.
How to Add an Authorized User to a PayPal Debit Card
1. Log in to your PayPal account at PayPal.com. Click the 'Profile' link at the top of the page.
2. Locate the 'Financial Information' section of the Profile screen and click 'PayPal Debit Card' to access the management panel for your PayPal debit card accounts. Locate the 'Card Requests' section of the Financial Information panel.
3. Click the 'Request Additional Cards' link to submit a request for a second card.
4. Enter the full name and address of the person you want the card issued to in the spaces provided. Click 'Submit' to process the request and have the additional card issued.
Thursday, July 18, 2013
How to Create a Different Name on PayPal
1. Log into your PayPal account. Go to the PayPal website and enter your email address and password. Click the Log In button to access your account.
2. Highlight the Profile menu option. Select 'Add or Edit Email.'
3. Add a new name. Click the button that says 'Add.' Enter a new email address and click 'Save.'
4. Confirm your new name. Log into your email account and look for a message from PayPal. Click on the confirmation link to verify your email account.
5. Set your new name as the primary email address. Select email and click 'Make Primary.' Enter either your full credit card or bank account number, then click 'Submit.'
6. Remove the old address. Select your old email address and click 'Remove' to delete it from your PayPal account. This is completely optional and is not a requirement for your account.
How Much Money Can I Fund My PayPal Account Using MoneyPak?
PayPal
PayPal was designed to make online purchasing and money transfers easy and safe for consumers. The company allows users to send and receive money from almost any where in the world. Users also have the option of linking their debit or credit card to increase the amount they can transfer, or as a back-up method when their PayPal funds are low, or do not cover the total cost of a transaction. PayPal users can use their account to buy directly from online retailers. There is no cost to open a PayPal account.
MoneyPak Limit
PayPal account holders can add money directly to their account via money transfer, a bank account, debit or credit or by using a MoneyPak. If you use a MoneyPak, the maximum amount that you can add to your account is $250 a year, as of 2011. This amount can be increased to $2,000 a month if you verify your identity by providing your name, address, date of birth and Social Security number online. This type of verification is often required to prevent those with dishonest intentions from illegally transferring money from one country to another.
Benefits
Using a MoneyPak to add funds to your PayPal account can provide you with a certain degree of security. When you make an online purchase, you are using only the funds in your PayPal account. This means that your credit or debit card information is not accessible to those who may be in a position to misuse them. Likewise, the retailer with whom your purchase is transacted, only has access to the amount of money in your PayPal account, which means that you cannot be excessively overcharged or receive unwanted continuous billing.
Re-loading
MoneyPaks can be purchased at almost any major retailer, including pharmacies, convenience stores and grocery stores. One MoneyPak costs approximately $4.95 or less, as of 2011. The value on the MoneyPak card can be added to you PayPal account by logging in and selecting the 'add funds' tab. Funds from your MoneyPak card immediately appear in your account and can be used the same day.
How to Accept Donations Through PayPal
1. If you do not already have a PayPal account, visit the PayPal website to sign up for free. You will need to supply your email address, which will be used to log into your account, as well as your personal information. This includes your first and last name, business or charitable organization if applicable, and your address, phone number and Social Security number. If you are setting up a donation fund for a charity, you will also need to provide proof of your charity's 501(c)(3) or Section 509(a) status, and you may also be asked to divulge your charity's exemption identification number.After checking your email to confirm the creation of your new account, you can then log in and start using your account. You will need to provide your, or your charity's, bank account information so you can transfer donations from your PayPal account, and a credit card to verify your account to lift your account's monetary limitations.
2. Once you have signed up and logged in, click the "Merchant Services" tab. Here, you will find a section where you can create a new donation button. You can type in your organization or charity's name in the first box. If you are creating a button for a charity, and want to give donators your charity ID number, you can also include that here.If you want to use the standard PayPal donation button, you do not need to make any changes with the button wizard. If you would rather upload your own custom donation button, or you want to customize other aspects of your donation button -- such as what link donators are redirected to after donating -- you can use the button wizard to do so.
3. There are two options you can choose for your donation button: a fixed amount, or a fill-in amount. A fixed amount means you choose what amount of money can be donated by clicking the donation button; most donators would shy away from this option, and it can lose you a lot of smaller donations you would have otherwise received. Instead, most people choose the fill-in amount option, which allows each donator to specify the amount to donate.
4. When you are done customizing your button, click "Create Button." You will be redirected to a new page, where you will find the code for your PayPal donation button. To select the button code, click inside the code box and press "Ctrl" and "A," then "Ctrl" and "C." The code will then be copied to your clipboard. You can paste the code on your website, blog or profile, wherever you want the button to be displayed. Press "Ctrl" and "V" to paste the code, and remember to save your changes.Once your button has been added to your website or blog, donators can click the button and start contributing money to your cause any time they want. Donations will be deposited directly into your PayPal account -- minus any applicable fees, if donations are made by credit card or check -- and you can then transfer donations directly into the bank account you have on file with PayPal.
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