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This article was co-written by Michael R. Lewis. Michael R. Lewis is a retired Texas executive, entrepreneur and investment advisor. He has over 40 years of experience in Business & Finance, including the position of Vice President of Blue Cross Blue Shield of Texas. He holds a BBA in Industrial Management from the University of Texas at Austin.
This article has been viewed 4,749 times.
PayPal is an e-commerce company that conducts business and personal money transfers online. With PayPal, users can pay for goods and services or simply send money to anyone with an email account. Launched in 2000, PayPal is present in over 150 markets and supports payments in 24 countries. Anyone can use PayPal’s service to accept payments by following the simple instructions below.
Steps
Open an account
- You can also sign up for a personal account on this page.
- You need to provide a valid email address and basic information about your business to create an account.
- If you don’t choose any of the categories above, call the toll-free number to see a specialist who can help you sign up for an account.
Create a PayPal Pay Button on Your Website
- PayPal also allows you to send invoices with a “Pay Now” button that connects to PayPal to help customers pay quickly.
- If you’re selling, you’ll need to know the shipping costs and associated taxes to include in your invoice.
- At the bottom of the site, you’ll see other options like tracking your inventory and customizing your PayPal account properties.
- If you don’t know anything about HTML code (or aren’t confident enough to fix it), check out the tutorials on the topic on wikiHow, for example at this link: HTML How-To Articles
- If you hire a website developer, email them the HTML code and they will create a button on your website for you.
Using a Mobile Device
- In the United States, PayPal charges 2.7% for each card swipe by phone. This rate will be slightly higher if you enter the card number manually or use the phone’s camera to scan the card number (the fee is 3.5% + 3,000 VND/payment). [2] X Research Source
- When swiping, act quickly and neatly, ensuring that the entire magnetic tape passes through the card reader.
- If you don’t have a Card Reader, you can still pay by credit card. You will have to fill in the card information manually or use your phone to scan the card information.
Accept Payments by Email (For Independent Contract Employees)
- For this method, the business owner will also need a PayPal account. Check with them if you’re not sure they accept this payment method.
- If the payer doesn’t have a PayPal account, you can still request money from them. After accessing the My PayPal page, click Send and Request. Next, click Request Money and enter the person’s email address and the amount requested for payment. Next, you can add notes if you want. Finally, click Request, PayPal will send the request and notify you when payment is received.
- Transfer money from PayPal account to bank account (free).
- Request to have your check mailed to you (fee is VND 33,000)
- Requires a PayPal debit card (free).
- Withdraw money by ATM (fee is 22,000 VND).
- Note: You will also receive an email to the mailing address associated with PayPal upon payment. This letter will include instructions on how to get a refund.
Advice
- In addition to cards, the PayPal Here app lets you accept payments in the form of checks, cash, and bills. These options do not require a Card Reader included.
- PayPal allows accepting foreign currencies.
- If you don’t choose to connect your bank account or credit card to your PayPal merchant account for verification purposes, you can sign up for the PayPal Extras MasterCard. If accepted, you can use this card to confirm your PayPal account.
Warning
- Only a paid PayPal account is secured in the event that a customer cancels a credit card transaction.
- PayPal’s Seller Protection Program is only available to verified account holders. This program will reimburse you in the event that the credit card company accepts a customer’s payment cancellation and the Merchant complies with PayPal’s Terms of Service standards.
- Independent contract workers with a free PayPal account can only withdraw VND 11 million/month from their PayPal account at first until this limit is lifted. For instructions on removing the limit, visit the “My Account” home page, click on the small font link “view limits” in gray text under the large font title ” Welcome, (Your Name)” (Welcome, (Your Name)).
This article was co-written by Michael R. Lewis. Michael R. Lewis is a retired Texas executive, entrepreneur and investment advisor. He has over 40 years of experience in Business & Finance, including the position of Vice President of Blue Cross Blue Shield of Texas. He holds a BBA in Industrial Management from the University of Texas at Austin.
This article has been viewed 4,749 times.
PayPal is an e-commerce company that conducts business and personal money transfers online. With PayPal, users can pay for goods and services or simply send money to anyone with an email account. Launched in 2000, PayPal is present in over 150 markets and supports payments in 24 countries. Anyone can use PayPal’s service to accept payments by following the simple instructions below.
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