PayPal is undoubtedly one of the largest and well-known online payment processors online. Many are using PayPal for personal transactions as well and there are many online stores that accept PayPal payments. It is acceptable worldwide.
A fruitful partnership with eBay has risen PayPal into prominence. Now all the merchants, traders, buyers, customers, etc. has accepted PayPal as one of its mode of transferring funds.
This popularity is the result of the easy and effective way PayPal works in receiving and sending payments across the globe without compromising the security and saves a lot of time too.
There is a nominal PayPal send money fee in case of personal payments using either a debit or credit card. There is no fee for sending money to the U.S. when you are using PayPal balance or your bank account or a combination of both.
What Do You Need To Process Payment Online
- A PayPal Account
- Bank Account details
- Credit or Debit card details
How To Sign Up For A PayPal Account
Using PayPal is very simple. Just set up an account. Create a password and enter your information. You can send and receive money from anyone. Follow the steps listed below to set up your account:
- Go to PayPal homepage and Click “Sign Up”
- Type of Account: You will be asked about the type of an account you want, i.e. a person or a business account. Select one option as appropriate.
- Enter email and password: A username is not required for PayPal account. Linking at least one email address is necessary as it acts as your username and address. Set up a new password for this account.
- Type your basic information: Complete your PayPal profile for better usability.
- Link your PayPal to your local bank or debit/ credit card:
You can either enter your bank account number or the number of a credit or debit card. Enter the details of the bank account or credit/ debit information. PayPal will verify the information and process linking the bank account with PayPal in the next couple of days.
Also, before linking your bank account, make sure that the PayPal supports that bank as in some countries only certain banks can access PayPal. When your bank account is successfully linked, you can use your PayPal without problems.If your country does not accept PayPal, use Payza for your online transactions.Payza like PayPal is an online wallet to transmit and receive money.
How To Buy With PayPal
For online shopping, online services, and online money transfers we need to know how we can send and receive money through PayPal. Here are the following things you need to know to use PayPal effectively:
Requesting money through PayPal:
If you are due payments from someone, you can request that payment through PayPal. It works as a reminder for that person that payment is due.
- Click “tools”
- Click “Request Money”
- Enter the amount due
- Enter the PayPal email of that person (Not yours) or the contact number
- Click “Request Money”
- Hooray, you`re done simple really.
Share the PayPal email address:
The email you have previously used during the process of creating a new PayPal account is the same email used as the address for all transactions being made from your account. Give that email to the person who is supposed to send you money. Nothing else!
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Sending money to others:
Click “Transfer Money”. Enter the amount you need to send and then type the e-mail address of the person you are sending money to. Then click “send”. Make note that the email address you added is the same email used by the receiver for their PayPal.
Sending online invoices through PayPal:
It is possible to send invoices for online services you provide and send it over to the customer through email. Just click “Request Money” and then choose “Invoice”. Complete the form adding details about the type of service, hours invested, what were the agreed rates and the amount owed.
Online shopping or online purchases using PayPal:
Many of the e-commerce sites provide PayPal as one of the modes of payments to their customers. Select the PayPal option from there. You will be asked to enter your PayPal email. Enter the email and you are done.
Linking PayPal with e-commerce sites:
If you purchase or sell through e-commerce sites then linking PayPal with these sites makes your payment processing easier and safer.
Transferring money from PayPal to your bank account:
Once money has been received into your PayPal account, you can send it over to your bank by clicking “Transfer”. In some countries, the transfer is automatically done without having asked for. It might take one business day to about five business days.
Pros Of Using PayPal
- Free to Join and get PayPal account
- Easy to set up PayPal account
- Makes online transactions quick
- Buyer protection resolution center
- No buyer fees, the seller pays the fees during PayPal transaction
- You can send money to friends and family
- Safe and risk-free
- Using PayPal, you don’t have to give your Credit Card number to the vendor
More PayPal Tips
You can learn more about using PayPal if you feel there are points this post did not cover, like how to add money to PayPal account, or how to shop online using your PayPal wallet by going to these links
One of the main benefits of using PayPal on any website is that the PayPal Purchase Protection covers you if you happen to encounter a problem. Want to check more PayPal alternatives? check this post from shoutmeloud.com.
Want to know how I make money online? click the link below, it`s easy and free to join and get started, you will find a community of like-minded people all ready to help you make a success online.
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