Paypal Account

Doing Business Online?

Why is it important to have a PayPal account?

I’m going to say something that will probably make your mother cringe:

Because everybody else is doing it!



Pay Pal is a necessary tool in the online community. It doesn’t matter if you are selling on eBay or if you are a Direct Sales consultant, you need a Pay Pal account.

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What is Pay Pal?

Pay Pal is an online merchant.

It allows you to transfer money to anyone else in the world (practically) via their email account.

When you have money in your Pay Pal account, you can either spend it through other merchants, have it sent to your checking account, or use their MasterCard Debit to use funds right out of your Pay Pal account.

I think they even have a savings account that pays interest now.

There are never any fees for using Pay Pal as a buyer, only as a seller.

Meaning, they won’t charge you to give money to someone else, but they will charge you to accept money.

PayPal offers three types of accounts:

Personal

Premier

Business

The Personal Account
This account allows you to buy things online. It is totally free, without any fees, ever. You can also accept payments for free from other users, as long as they are paying from a balance transfer. This balance transfer can be from their checking account, or their Pay Pal account.




The Premier Account
This account will allow you to accept payments from balance transfers and credit cards. When you upgrade to a Premier Account, you will pay a small transaction fee on ALL payments you accept (yes, even the balance transfers that are free for the Personal Account.) You will also be able to send payments without incurring any fees.


The Business Account
This account is the same as the Premier Account, but allows you to have multiple users on your account.

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What You Need

Unfortunately, you need a Premier Account.

Now-a-days, if you are going to be doing business online, you cannot afford to get away with the totally free account.

Pay Pal will allow you to have both a Personal and a Premier account, but you need different email addresses and bank accounts associated with them.

It used to be that people who accepted Pay Pal payments would just ask the buyer if they intended to use their Pay Pal funds or a credit card.

The seller would then direct the buyer to the correct email address to avoid the fees, if possible. Now, it is simply unprofessional. Just get used to the idea of having your fees deducted from your payment and be done with it.

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Why do you need a PayPal Account?

If you are an eBay seller, 98% of all domestic transactions are completed via PayPal. It would be extremely unwise to try to list on eBay without one.

If you have a website that sells goods, Pay Pal offers a great merchant program for accepting payment for your orders. Since most people are aware of and use Pay Pal, it is not a bad idea to have them process payment for you. Plus, for those customers that do not have an account, they can still easily use their credit cards.

If you have a website that sells advertising, Pay Pal is commonly used for invoices and payments.

If you join a Shopping Group, many moms only take PayPal as payment

Signing up is fast, free and easy,

Simply Go To Paypal to Enroll

They will ask you for your banking information. This is required and is safe for you to give them. If you are nervous about it, open a separate checking account at your bank for your online transactions.

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