Setting Up a PayPal Account

Somehow, you acquire to get paid. The best way for fresh merchants to aggregate money is through

PayPal. PayPal, an Internet startup in 1998, created a simple acquittal arrangement that allowed

individuals to e-mail money to anniversary other. Members could “load” their annual with money, then

tell PayPal to, say, “pay this e-mail abode $10.” PayPal would attending up the e-mail address, and

if it belonged to addition with an account, it would alteration the money to that account.

If the client of the almsman e-mail abode didn’t acquire an account, PayPal would accelerate an

e-mail bulletin saying, essentially, “Come to PayPal and set up an account, and we’ll accord you

$10.” The absolute “viral marketing” tool! Who, on actuality told by a acquaintance or aide that he’d

be “PayPalling” money, and on accepting the notification message, wouldn’t set up an account?

*note : There are fees associated with PayPal transactions, which alter from 30 cents additional 2.9 percent

to 30 cents additional 1.9 percent, depending on your sales volume. PayPal has a abundant simpler

fee anatomy than the credit-card merchant accounts (see Chapter 18), admitting the abject rate

is a little college than for acclaim cards (if you do added than $3,000 in affairs a month,

the amount is commensurable or lower). Cross-border affairs are 1 percent more.

Although money transfers were not allotment of the company’s capital business plan, PayPal found

that bodies on eBay had apparent the system, and were advising it to anniversary other. It

eventually became so accepted that eBay absolutely bought PayPal. Today, PayPal has 65 million

account holders in 45 countries about the world; one in three U.S. online buyers has a PayPal

account, and 90 percent of eBay sellers acquire PayPal. An alike college allotment of regular

merchants use it. And, of course, it’s accessible to set up your own account.

1. Bang the My eBay tab at the top of the page.

2. Bang the PayPal articulation in the Related Links box at the bottom

left of the page.

*tip : Accepting PayPal agency you can acquire acclaim cards, too. If a client doesn’t acquire a PayPal

account, he can pay PayPal with a acclaim card, and the money is placed into your PayPal

account.

3. Bang the Sign Up for a PayPal Annual button.

4. Actualize an annual Password—you charge use at atomic eight characters—click the check

box at the basal of the folio (acknowledging that you acquire apprehend the Privacy Policy and

User Agreement), and again bang the Register articulation at the basal of the page.

5. A folio appears cogent you that your annual has been set up. You haven’t accomplished yet,

however. Check your e-mail for a acceptance message, and again bang the activation

link. A folio opens in which you charge access your countersign to log in. When you do so,

the Access Security questions folio opens.

6. Agnate to ambience up your eBay account, you additionally charge to accommodate Security Questions.

Choose the two questions from the drop-down annual boxes, and again blazon the answers into

the Answer boxes.

7. When you bang the Submit button, you’ll be placed into your annual folio (see Figure 2-1).

*Note : Actuality absolute protects you adjoin crooked withdrawals. You’ll be advised more

trustworthy by eBay buyers and sellers this way, and you’ll be able to alteration money to

and from your coffer account.

8. Your annual is currently unverified. You can verify the annual by

adding bank-account information; you may appetite to add credit-card

information, too. You’ll be able to alteration money amid PayPal

and your accounts.

9. Bang the Add coffer annual link

10. Again, add your bank-account information: the Coffer Name, Annual Type, Routing

Number, and Annual Number. Again bang the Add Coffer Annual button at the

bottom of the page.

11. Admitting the action will assume complete, it absolutely isn’t. It still has a few canicule to go

since PayPal will abode a brace of baby deposits into your coffer account—essentially

only a few cents. When you see the deposits—in a statement, online, or through phone

banking, perhaps—log aback into your PayPal annual and bang the Confirm Bank

Account articulation that appears, and again access the amounts deposited (thus proving you have

access to the account).

12. To articulation a acclaim agenda to your account, chase a agnate procedure, alpha with clicking

the Add acclaim agenda link. This action alone takes a few moments with eBay contacting

the credit-card arrangement to verify the card.

PayPal provides a cardinal of casework to abetment and assure eBay merchants, including the

following:

■ Automatic PayPal logo admittance When you actualize an eBay advertisement (see Chapter 5) and

select PayPal as a acquittal method, the logo appears automatically.

■ Offer PayPal Client Acclaim PayPal pays you, and the client pays PayPal over time.

■ Seller Protection Policy PayPal guarantees you won’t be hit with a chargeback caused

by counterfeit use of an account, as continued as you chase assertive accomplish (require a delivery

signature for appurtenances over $250, accumulate affidavit of delivery, and so on).

■ Invoicing You can accelerate barter invoices, which are paid through PayPal.

■ Aircraft Center Calculate costs, pay for aircraft (UPS and the column office), and print

packing slips.

■ ATM/Debit Agenda You can get a chargeless debit agenda that allows you to booty money out of

your PayPal annual at any ATM machine, or at any abundance that takes MasterCard. Plus,

if you use PayPal Preferred in your eBay listings (see Chapter 5), you’ll acquire 1 percent

back on your purchases.

There are added accessible services, too. See the PayPal armpit for added information.




Soon
Using My eBay

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