Saturday, July 27, 2013
The Best Way to Send Money to Mexico
Bank Transfers
A secure way to send money to Mexico is through a banking account transfer. To utilize this method, you must have a bank account and the individual in Mexico must have an account as well. Gather the information needed to make the transfer, such as the recipient's bank name, address, ABA code and banking account number. Funds usually arrive within five business days, and may cost up to $45 per transaction.Certain banks make transferring money as convenient as possible. For example, Banamex has a deal with Wells Fargo that allows individuals to transfer money to Mexico, and if you pay a $10 annual fee and a $10 additional transfer fee for each transaction, a Banamex account will automatically be opened for your receiver. Other banks that provide money transfer services to Mexico include Bank of America, Armed Forces Bank and Bank of the West.
Western Union
Western Union is a U.S.-based company that provides international money transfers. There are a few options when considering sending funds this way.The first option is sending money that will be available in minutes. If paying by cash, you must go to an authorized agent. If paying by debit or credit card, you may transfer funds by phone, online or at an agent location. You will need the name, address and telephone number of your recipient. The fee to receive funds within minutes normally starts around $16, and increases with the dollar amount that you are sending.Western Union also offers a next-day service transfer in which the funds will arrive the following day. You must provide the same information as you would when sending same-day funds, but the fees will be less. Fees, however, still increase as the money you send increases. When sending by next-day service, you must do it in person through an authorized agent.Other wire transfer services can be found on a consumer Internet site offered by the Mexican government called Profeco. This site is updated monthly.
PayPal
An alternate, secure and convenient way to send money to Mexico instantly is through PayPal. The online service allows people to send and receive money in multiple currencies. You and your recipient must both have a PayPal account, an e-mail address, Internet access, and a checking or savings account linked to your PayPal accounts.To start, go to PayPal's secure website. After you log in, click on the 'Send' button and enter the recipient's e-mail address and the amount of money to send. Press 'Send' again and the money will instantly be in your recipient's PayPal account. Your receiver in Mexico may then transfer funds to their bank, which usually takes four or five business days.
Friday, July 26, 2013
How to Verify My Address for PayPal
Enter Your Credit Card Information
1. Click on the 'My Account' tab at the top of your PayPal account screen and place your cursor over the 'Profile' heading.
2. Select the option to 'Add or Edit Credit Card' from the drop-down menu.
3. Click on the orange 'Add a Card' button and enter your credit card information exactly as it appears on the card. Double check the information and click 'Add Card' to add the credit or debit card to your account. Once your information is entered, PayPal will verify the accuracy of the information. If the information is found to be correct, a 'confirmed' tag will appear next to your PayPal address.
Apply for PayPal Credit Card
4. Click on the 'Products and Services' tab within your account
5. Select the option to 'View All PayPal Products' and click the PayPal Extras MasterCard link. This will bring you to the main information page for the PayPal credit card.
6. Click on the orange 'Apply Now' button and fill out the application details in the provided fields. Once complete, review the terms and click on the 'Agree and Continue' button to process your application. PayPal processes most applications within 30 seconds.
Confirm by Mail
7. Click on the 'Security Center' link in the upper right corner of your PayPal account page.
8. Scroll down to the bottom of the page and click on the 'Seller Protection.' The link is located in the blue-shaded box, titled 'All Security and Protection Topics.'
9. Click on the 'Address Confirmation' tab on the left side of the screen and select the 'Alternative Address Confirmation.' This will bring you to the page where you can request that PayPal verify your address through the mail.
10. Read the requirements for Alternate Address Confirmations to make sure you are eligible to verify your address using this method. According to PayPal, you must be a United States resident, have a Buyer Reputation number of at least 10, have a verified bank account attached to your PayPal account and have had your PayPal account for more than 90 days.
11. Fill out the form with the address you want verified and click on the 'Confirm Address' button. You must enter your home billing address. Post office boxes are not accepted.
How do I Use PayPal to Pay the IRS?
1. Apply for a PayPal Debit MasterCard (see References). Log in to your PayPal account and click the 'Products & Services' tab, select 'View All PayPal Products' and click the link for 'PayPal Debit MasterCard.' Select the 'Apply Now' button and follow the prompts to apply for a PayPal Debit MasterCard.
2. Navigate to an e-pay company that is accepted by the IRS. Official Payments Corporation, Link2Gov Corporation and RBS WorldPay, Inc (see Resources). are the three companies from which the IRS accepts electronic payments. Each company charges a convenience fee of $3.89 or $3.95 per transaction for debit card payments.
3. Complete the e-pay transaction using your PayPal Debit MasterCard. You must submit information regarding whether you are paying personal or business taxes, the type of tax form you used--such as a 1040 or 1065--and the tax year you wish to pay. You must also supply your personal information and your billing information. After you have submitted your information, review it and submit your payment.
How to Setup Recurring Billing in PayPal
1. Log on to your Paypal account, then click 'My account' and then click 'Profile.'
2. Click 'Recurring Payments' at the bottom right of the screen, under 'Tools.'
3. Click 'recurring payments' from the options list.
4. Click 'Create a new Profile.'
5. Type a name for the product or service you want to sell in the 'Product/Service' text box.
6. Enter the card information in the 'Card Information' section. For example, if you want to bill a person's Visa card periodically, select 'Visa' from the drop-down box, then type the card number into the 'Card number' box, type the expiration date into the 'Expiration date' box and then type the three-digit CSC number into the CSC box. The three-digit CSC nunber can usually be found on the back of the card.
7. Enter the person's billing information, including name and address, into the 'Billing information' area.
8. Select the number of failed payments you are willing to accept in the 'Failed payments' section. For example, if you want to keep on trying to bill the person with no limit, check the 'No limit' radio button.
9. Enter the date you want billing to start in the 'Start payments' text box.
10. Fill out the payment cycle in the 'Regular recurring payments' area. For example, if you want to bill $20 per month, type '$20' into the 'Amount' text box and then select '1 month' from the 'Frequency' drop-down menu.
11. Click 'Continue'.
12. Press 'Submit' to complete the profile.
How to Open a PayPal Account From Non Listed Countries
1. Register for a PayPal account as you would if you were in your home country. Visit PayPal.com and click 'Sign Up.' Select your country of citizenship from the list, then choose whether you'd like to open a 'Personal,' 'Premier' or 'Business' account, and click 'Get Started.' Enter your email address, a password of your choice, your first and last name, your address and contact information and click 'Let's Go.'
2. Enter the details of a checking account from your country of residence. Verify the information you have entered and click 'Submit' to complete your registration.
3. Being using your PayPal account, keeping in mind that PayPal may restrict your account from time to time because of IP address conflicts. If this happens, call PayPal at 001-402-935-2050 and inform the company that you are simply traveling or temporarily residing in the country in question. After verifying your identity using questions from your credit or background report, PayPal will restore access to your account.
How to Transfer Money to the Ukraine
1. Decide which company that you want to transfer the money through. The procedure of sending and receiving the money is essentially the same with all of them, but the fee structure is different.
2. Go to the website of the company that you have decided to send the money with (see Resources).
3. Register with the website and provide information such as name, email address, country, contact number, and payment information (credit card/debit card/bank account).
4. Click on 'Send Money' once you are registered with the company.
5. Enter the recipient's email address and indicate the amount you want to transfer. Select 'Ukraine' as the recipient's country.
6. Confirm that you want to transfer the money by clicking 'Send'/'Submit.'
7. Notify the recipient that the money has been sent. The recipient will receive an email from the company you used. The email will guide him on how to sign up on the website for depositing the transferred funds to his bank account.
How to Use a Credit Card to Add Funds to a PayPal Account
1. Login to your PayPal account and make sure that you are on the 'Account Overview' page. Mouse over the 'Profile' option in the account menu and choose 'Add or Edit Credit Card.'
2. Click the orange 'Add Card' button to open the new card form. Enter your credit card information and double check for accuracy. Click the 'Add Card' button when you are finished.
3. Click 'Edit' under the Action section next to the credit card that you just added. Check the 'Make primary card' check box. This ensures that, when your PayPal account balance is too low, this card is used for backup funding automatically. Click the 'Save' button.
4. Make sure that your PayPal balance is $0 before you make your next purchase. Whenever you buy something online and your PayPal balance is too low, your credit card will be billed. This allows you to effectively use a credit card to fund your PayPal account.
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