How to Compare Personal Premier and Business PayPal Accounts

1. Review the differences between the various levels of PayPal accounts in the Help section of the PayPal website.
2. Examine your needs as they pertain to your online banking. If you are going to need to accept credit or debit card payments from your customers with any type of volume then you will need a Premier or Business account.
3. Monitor your PayPal monthly fees. If you have a Personal account you are allowed to accept a small number of credit card or debit card transactions but the fee you are charged for each transaction is greater than the fee per transaction on Premier or Business accounts. If you are accepting the maximum allowable number of credit card transactions each month on your Personal account you might actually be paying more in fees that you would if you upgraded the account.
4. Evaluate the merchant services and auction tools that are provided for Business and Premier accounts. These benefits are not available to Personal accounts. Determine if the services would benefit you and if so upgrade your account.
5. Consider having two PayPal accounts. Depending on your individual needs it might be beneficial to have a Personal account as well as a Premier or Business account.

How to Set Up Tenants to Pay Rent Online

1. Sign up for a Paypal account, which is free, or a regular merchant account, which will require a deposit and monthly fees.
2. Decide if you want to accept credit cards or e-checks, or a combination of both. Many landlords prefer to receive rent payments from a drafted checking account as opposed to a credit card payment, which could be disputed and charged back. Select your desired payment options on your merchant account application.
3. Set up a small, one-page website with a web hosting service that offers a free shopping cart. This is the website that tenants will visit to make rent payments online. Once you have your credit card or e-check merchant details, you will enter your merchant account number into the shopping cart software to set up payment capabilities. (Paypal has a built in shopping cart system that is very easy to use--you do not need a merchant account number; only an email address and bank account.)
4. Include information about your real estate company or contact details for renters (your mailing address, name, phone number, and email address) on the web page. Create a large, conspicuous link on the page that directs tenants to 'Pay Rent Here.' (This link will be provided by your shopping cart service or Paypal.)
5. Direct each tenant to enter his name and unit number with the online payment. There is an optional comment text box that is displayed on most online shopping-cart systems where this information can be typed. Once the renter enters payment details--credit card or e-check information--and clicks 'Submit,' the rent payment will be sent to your merchant account processor and eventually to your bank account.

How to Change a PayPal Password

1. Log in to your PayPal account.
2. Click on the "Profile" link in the menu across the top of the account page.
3. Scroll down the My Profile page until you see "Password" in the list of account information. Click on the "Change" link to the right.
4. Select the "Password" button among the change options, and then click "Edit."
5. Follow the prompts to verify your account. PayPal may ask you to input your full bank account number associated with your PayPal account. Click "Submit."
6. Enter your current PayPal password in the field provided. Then enter a new password. PayPal requires that you re-enter the password for verification.
7. Click "Save."

How to Send A Gift Payment On Paypal

1. Sign into your PayPal account as you normally would.
2. Once there, click on the 'Send Money' tab.
3. Complete the form including adding the recipient's email and how much you wish to send. At the bottom of the page, choose the 'Personal' tab. Select the best option available, such as 'Gift.' This will allow you to mean no fees for the organization you are donating to. When done, press 'Continue' and the transaction will be complete.

PayPal Risks

Stolen Paypal Account
While most Paypal transactions are legitimate, others are not, and there have been instances where a Paypal account has been hijacked and used to purchase items on eBay and elsewhere. One of the best ways for Paypal users and eBay sellers to protect themselves is to ship only to verified addresses. Shipping to a verified address protects you in the event of a dispute and helps to ensure that your package makes it to the intended recipient.
Frozen Account
In some cases Paypal has been known to freeze accounts when fraud is suspected, and Paypal users sometimes have problems getting their accounts unfrozen. If you find that your funds have been frozen, it is important to contact Paypal immediately. In many cases the freeze is triggered by a legitimate transaction coming from a country known for fraud, such as Russia and others in Eastern Europe. Once the legitimacy of the payment is verified, the freeze should be removed and the funds in the account will once again be available.
Chargebacks
One of the things people like the most about paying with Paypal is that the service allows buyers to purchase products and services with a major credit card. This provides buyers will all of the protections inherent in credit card transactions, including the ability to challenge charges for products that were never received, items that arrived in poor condition or services that were never rendered.While this type of protection is important to the buyer, ,it is also a risk for the Paypal seller. An unethical buyer could purchase a product from you, pay with Paypal, and then claim that the item never arrived and initiate a chargeback. Shipping via UPS, FedEx or another trackable shipper is the best way to prove that the items you sent did indeed arrive at their intended destination.

How to Use PayPal on My Website

1. Navigate to the PayPal website (see Resources) on your Web browser and log in using your username and password.
2. Locate the "Merchant Services" tab at the top of the homepage. Click on it.
3. Click on "Buy Now Button." This will launch a form for you to fill in.
4. Complete the online form. Enter what you are receiving payment for, the product name, the price and the currency. Also enter shipping and tax information.
5. Click on "Create Button." Select the "Website" tab to get the HTML code for the "Buy Now" button.
6. Select the entire code by pressing "Ctrl"+"A" and copy the code by pressing "Ctrl"+"C."
7. Press "Ctrl"+"V" to paste the code on the HTML editor you are using to edit the website. Click "Save."

How Do I Electronically Deposit Money Into Someone#039;s Bank Account?

Online Electronic Deposits
1. Log into your account at PayPal or other payment site.
2. Check your account balance. You may not transfer more than is in your online account.
3. Click on the link for money transfer. This may be labeled as "Money Transfer" or something like "Send Money" or "Transaction Options."
4. Enter the name of the bank that will receive the deposit, along with the account number or email address of the person accepting the transfer.
5. Enter the amount of the deposit.
6. Type in the date on which you would like the deposit to occur. On some websites, you will be charged a higher fee for same-day or next-day deposits.
7. Click the "OK," "Done," "Confirm," "Send," "Transfer," "Authorize," "Make Payment" or "Continue" buttons to authorize the deposit. You may need to do this twice, as some websites provide a second page that asks if you are sure you want to make the deposit. Fees should be listed prominently through the confirmation process so you know what the cost of the transfer service will be.
In-Person Electronic Deposits
8. Visit the branch of the bank at which you have the account from which you'll make the deposit.
9. Tell the teller you would like to make an electronic deposit. Give him your account number and the account number of the person into whose account you want to make the deposit. The teller probably will ask you to write this information on an electronic transfer or wire transfer slip. Ask what the fee will be for the deposit.
10. Pay the teller any fees associated with the electronic deposit. The fee will vary by institution, and the facility may charge higher rates if you want same-day or next-day completion of the transfer. Many banks charge a flat rate, while some charge a percentage of the money transferred. Because you have an account at the facility, you probably will be able to have the teller deduct the fee directly from your bank account instead of paying for the transfer in cash, by money order or by check. Some facilities will accept credit cards as payment.