Paypal Tips/Video

Opening a Personal account

Updating your profile

• Account Information: You can update your basic contact information (e-mail, address, password, time zone, and so on).

• Financial Information: You can change the credit cards or bank accounts associated with your PayPal account, set up online bill paying, see your account balances, redeem gift certificates, and more. The options that are available are dependent upon the type of account that you have.

• Selling Preferences: Here you can set up preferences for setting up auctions, registering your Web site as a PayPal shop, setting shipping preferences, setting up invoice templates, and so on. The options available depend upon the type of PayPal account you have.

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Sending a PayPal Invoice


PayPal has a free service called the Invoice Manager that can speed up the process of sending invoices for items you recently sold on eBay. The Invoice Manager prepopulates the item fields, based on the auction information. You have no limit to the number of invoices you can send at a single time with the Invoice Manager.
You access the Invoice Manager through the Post-Sale Manager:
1. Click the Auction Tools tab.
2. Under the Receiving and Managing Payments heading, click the Post-Sale Manager link.
3. Select your eBay username from the list, or select the All eBay Accounts option.
You can add your eBay username and password if you haven't yet linked your eBay account to your PayPal account.
4. Select the Uninvoiced option from the Show list and click the Submit button.
5. Place a check next to each of the items you want to create an invoice for and click the Invoice button.
This brings up the Item Invoice Details page (also known as the Invoice Manager).
Each item is in a separate section of the page, displayed as a mini-invoice. If you sold more than one item to the same buyer, the items are grouped into a single invoice. The invoices include a Pay Now with PayPal button or link to make it easy for the buyer to send payment immediately.
Most of the fields on the invoice are already filled out for you. These include

• The item name (clicking this shows the eBay listing in a new window)

• The item number

• The date the auction ended

• The quantity of items sold

• The price of the final bid

• The total price

Shipping, insurance, and taxes

If the buyer's address is known, the price of shipping the item is determined by the eBay shipping calculator. If the shipping price is filled in, you can enter the amount you plan on charging the buyer.
eBay can also calculate the cost of providing the buyer with shipping insurance. If you don't know the buyer's address, you have a place on the page where you can enter the cost of shipping insurance yourself; adding insurance is optional, so don't feel like you have to offer it if you don't want to.
The last field on the Item Invoice Details page is where you add sales tax to the price of the item. Enter the tax rate, as a percentage, in the box and select your state from the list shown to the right. Sales tax is charged when you are selling to a buyer who is located in the same state you are.
The Sales Tax Clearinghouse has a nifty little online tool to help you calculate what percentage to use for sales tax. The tool is available at Online Sales Tax Calculator. All you do is enter your state, the address of the buyer, and click the Lookup button.

Formatting your invoices

After filling in any fields that haven't been filled in already, you can choose to customize your invoice by clicking the Edit Formatting Options link at the bottom of the page. You can select an alternate e-mail address, if you have more than one linked to your PayPal account. You can also edit the message to be sent to the buyer.
You can also add a logo to the invoice. After entering the Web address for the image, make sure to try the Click here to test your logo link to make sure the image is the right size and looks professional.
You can opt to have a copy of the invoice sent to yourself and can save the formatting settings as a default to use with all the invoices you send. Click the Save button to save the settings.
Sending out the invoices

After formatting the invoice, click the Send button on the Item Invoice Details page. You return to the Post-Sale Manager page. At the top of the page, PayPal shows confirmation that the invoice has been sent and displays an order number. The items shown in the Invoice column show a status of "Sent." If multiple items are combined into a single invoice, the status shows as "Consolidated."
A gentle reminder

After sending an invoice, when you look at your Account Overview, you may notice a Remind button. You don't get the chance to customize this message before it is sent, so make sure you're really ready to send it before clicking.



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Finding Out How PayPal Works


Like many great ideas, the fundamentals of PayPal are pretty easy to grasp. Your PayPal account is much like any savings or checking account, except PayPal was designed specifically for online transactions. Before you can start using PayPal, the first thing you need to do is open a PayPal account. Consider starting with a Personal account, because you have no fees associated with sending or receiving money. After you get your feet wet, you can always upgrade to a Premier or Business account.
You are required to upgrade from a Personal account to a Premier or Business account if you send payments totaling $2,000 or more. This limit may vary, depending upon whether you have a U.S. or International account. There may also be limits on how much money you can transfer from your PayPal account to your bank account. To see what limits apply to your account, click the View Limits link, located to the right of your account balance box, on your Account Overview page.
Money makes the (PayPal) world go 'round

Okay, you're convinced and you opened a Personal account. Now what? An account without funds is like a cone without ice cream — what's the point? You need to get money into your PayPal account before you can start doing anything.
You add funds to your PayPal account in one of three ways:

• By receiving payments from other PayPal members

• By linking a savings or checking account to your PayPal account and using Electronic Funds Transfer (EFT)to transfer money

• By getting interest payments on the funds that are in your PayPal account

When you make a payment with PayPal, you have several funding sources from which to choose to finance the transaction. These sources include the following:

• If you have enough funds in your PayPal account to cover the payment you want to make, the funds are deducted directly from your PayPal account.

• If you have linked a checking or savings account to your PayPal account, the funds can be deducted directly from your bank account in the form of an eCheck.

• If you link a credit card to your PayPal account, the payment amount can be deducted from your credit card after you've depleted the funds in your PayPal account balance. The payment shows up on your monthly credit card bill.

The process for buying a good or service using PayPal is very straightforward:
1. After winning an auction or purchasing an item, if you opt to use PayPal for payment, PayPal deducts the amount of your purchase from funds in your PayPal account or authorizes payment from the credit card you have linked to your PayPal account.
2. PayPal credits the seller's account with the funds deducted from your account (less any applicable transaction fees). Fees only apply to sellers with Premier and Business accounts.
3. PayPal generates e-mails to you (the buyer) and the seller to confirm the transaction and the transfer of funds.
The actual transfer of funds is no more complicated than if you were to pay for an item with a check from your checking account.
How PayPal makes money

Just like a bank, PayPal makes money off the "float" of the funds they manage. In other words, PayPal is earning interest against the money that you (and millions of others) have placed into their accounts, but not spent yet.
Think of it this way: PayPal has roughly 50 million members. If each member left $10 in their account for a year, the accrued interest would total around $500 million dollars. Even at an interest rate as low as 1.75 percent, PayPal would be earning $8,750,000 every year, just for letting the money sit there!
Additionally, PayPal makes money by charging transaction fees for Premier and Business accounts: There's no charge to send money, but when you receive money, PayPal takes a percentage of the amount (between 1.9 percent and 2.9 percent) plus a 30-cent USD transaction fee.

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Adding PayPal to Your Web Site


If you think PayPal is just for eBay sales, then you're missing out on a great opportunity to get revenue (or more revenue) from your Web site. If you're not already selling products from your Web site, adding Buy Now buttons or the PayPal Shopping Cart is the easiest way to turn a marketing site into an e-commerce site. If you're already accepting credit card payments, then offering PayPal as an additional payment option widens your customer base because people who don't want to use a credit card can still make purchases.
PayPal is the easiest way to add e-commerce to your Web site

If you don't know how to code, but you're comfortable using FrontPage to create a Web site, you can integrate e-commerce quickly and easily with PayPal's free tools for Microsoft FrontPage. These tools let you add Buy Now buttons, a Shopping Cart, or set up subscriptions and recurring payments while you're designing with FrontPage.
You don't need to apply for a merchant license

In order to sell and accept credit cards online, you normally need to work with a credit card processing company or bank. The role of the processor is to validate buyer's credit cards at the time of purchase. Credit card processors help prevent you from fraud by checking whether the buyer's credit card is valid, and blocking IP addresses, e-mail addresses, or names of known problem buyers. Additionally, the processor can block a payment that sends the user over their credit limit.
You get a lot of peace of mind when working with a processor, but the application process can be a pain. (You need to provide a lot of information about your company, have a business bank account, and so on.) After the processing company approves you, you need to set up your Web site to accept secure payments and to configure your e-commerce software to send payment data to your processor's payment gateway. To work with a credit card processor, you spend a lot of time and resources before selling your first item.
PayPal also lets you accept secure payments, even credit card purchases, but the application process is as easy as providing your country, name, address, home telephone number, and e-mail address, and accepting the PayPal User Agreement. You can decide to open an e-commerce shop in the morning and start accepting payments in the afternoon.
You can specify payment preferences

If you accept PayPal payments, you can set up your Payment Receiving Preferences to block certain types of buyers. You can decide not to sell internationally or to block purchases from buyers who have not confirmed their address. This adds another layer of protection for you as the seller. Additionally, you can decide to accept payments only if they are made in a specific currency, and you can block buyers who try to purchase with a credit card when they have a bank account linked to their credit account.
In addition to deciding whether to block certain types of buyers, you can easily change your credit card company name (the one that is shown on the buyer's credit card statement).
The buttons are free

Most credit card companies charge you a monthly fee, even if you don't receive any payments. Adding PayPal e-commerce buttons to a Web site costs you nothing — if you don't sell anything, you don't pay. When you do sell an item, you pay $0.30 for each transaction, plus 2.9 percent of the selling price. The percentage can drop as low as 1.9 percent, depending upon your monthly volume of sales.
Easy encryption

When you want to set up a secure e-commerce Web site, there are a number of steps you must take. First, you need to apply for an SSL (Secure Sockets Layer) license. SSL is a protocol used to send secure data over the Internet. SSL encrypts data that is sent from the browser; the data is decrypted when it gets to the server. After you implement SSL, you need to build an e-commerce Web site that works with SSL to transmit data securely (usually to a credit card processor).
Compare this to the ease of encrypting buttons with PayPal! When creating a button with the Button Factory, all you have to do is click the Yes option to have your button's code encrypted. When you copy the encrypted code to your Web site page, snooping eyes won't be able to see any personalized information by viewing the source code for the Web page.
Setting up subscription payments is easy

PayPal makes it easy to set up subscriptions and recurring payments and frees you from the hassle of sending out periodic invoices. When you set up your subscription, you can specify up to two trial periods (for example, the subscriber can be billed $0.00 for the first month, and $20 for every month after the trial period has ended). You can set your billing cycle to be days, weeks, months, or even years.
You have the option of setting up recurring payments, in which the buyer pays the specified amount every month, without end. You can also set up payment installments; for example, you can charge the buyer $20 for five installments to purchase a $100 product.
Finally, PayPal can generate unique username and password combinations if you want to give buyers access to "members-only" content, stored in a special folder of your Web site.
No setup fees

Usually setting up an online store involves some type of setup fee — either you have to pay for the price of the e-commerce software, a setup fee if you're using an online service, or you have to pay a developer to write custom code. Not with PayPal. . . . You have no upfront fees to open an online store if you use the PayPal Buy Now buttons or the Paypal Shopping Cart. With PayPal, you don't pay a thing until you actually sell something!
Detailed transaction data

When you use PayPal for e-commerce transactions, you can use the PayPal History Reporting Tools to download and analyze detailed information about every sale made. You have the option of including Shopping Cart details in the report. You can also do an advanced search to find transactions linked to an e-mail address, transaction ID, buyer's name, receipt ID, or item number. You can import the downloaded file into Excel, Quicken, or QuickBooks for additional tracking and analysis. You can also look at summary information available from the Merchant Sales Report.
Promotion through PayPal shops

If you accept PayPal payments on your Web site, you can enroll your online store in PayPal Shops, a directory of Web sites that accept PayPal. After you enroll, PayPal members can search for the products and services you sell.
There is no cost to list your site with PayPal Shops, but you do need to have a Premier or Business PayPal account. Additionally, you need a bank account and credit card linked to your PayPal account and you need to invest in the PayPal Money Market Fund. To enroll in the fund, you need to provide a social security number or an employer identification number.

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Things You’ll Need:

PayPal account Request Money via PayPal

Step 1:
Double-check the email address, currency and amount of money you are requesting. Requests can be sent to over 150 countries, and you can receive your money in any of 16 different currencies.

Step 2:
Bill customers even if they don't have a PayPal account. They can pay with a credit card through PayPal or sign up for an account.

Step 3:
Log in to your PayPal account and click the "Request Money" tab at the top of the "Account Overview" page.

Step 4:Choose the "Create a Money Request" subtab for simple requests or the "Create an Invoice" sub-tab to enter a detailed request.

Step 5:
Enter the recipient's email address or choose a stored address from the provided drop-down menu. When creating an invoice, you will first have the option to enter your own personal information (address and phone number).

Step 6:
Separate email addresses with commas if you are requesting money from multiple people.

Step 7:
Type in the amount of money, choose the correct currency from the drop-down menu and select the reason for requesting money. You can choose from eBay items, auction goods (non-eBay), other goods, services or cash advance.

Step 8:
Send an optional message with your request. It's a good idea to note the specifics of the request in the message field so that the recipient knows exactly why he is receiving it.

Request Money via PayPal MobileStep 1:
Confirm the email address or phone number of the party from whom you are requesting money.

Step 2:
Text the amount you are requesting, the word "get" or "from" and the email or phone number to PayPal.

Step 3:
Request money from multiple people by entering multiple phone numbers separated by commas.

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Send and Receive Payments Securely Worldwide

Only suggest something that you know and have used...! PayPal is not nice and genuine your making them to be...! PayPal suks...!

You do believe that every software/program has bad and good side of it.

Let us know why u think paypal is suks for you...Thanks Darling!

bujhao bhai bujhao, tarporeo ami use korbo na.

• Pay Pal is not regulated by the FSA (financial service authority)
• complaint procedure is below poor
• When someone makes payment to you a voucher is raised and the funds withdrew from their account but it takes 3 working days for this funds to clear and within this period account holder can get the funds re-debited and withdrew this money, this way you will be the looser as Pay Pal requirements are impossible to meet when it comes to claim (don’t forget I mentioned they are not regulated by the FSA)
• Pay Pal will hold your funds for indefinite period for any investigation regardless of your fault and expect this within few weeks of you opening your account and selling something

If your planning to start new business then Pay Pal is your best choice… you will have more buyers due to Pay Pal protection policy but be careful who you’re dealing with and never ever ever send any products to Nigeria, aunty or uncle asking you to send the item to another address other then Pay Pal confirmed address... Be warned that Pay Pal confirmed and verified address is not the same…!

You want more, Sweetheart...?