Make Money Online: Paypal

For at least 80% of earning money, buying or selling online you will need a PayPal account. So I decided to give you a little more information about it.

WHAT is PayPal?

* PayPal is an online financial middleman that facilitates the transfer of money between people and businesses online. Users only need to share private financial information with PayPal, not unknown parties. You can use PayPal to buy things online, shop on eBay, or receive money from your friends.
* In 2006 PayPal processed 6% of online payments worldwide and the service continues to grow. If you've ever wondered about how to use PayPal, read on and learn!

Create a PayPal Account
Creating a PayPal account is very easy. You just need an email address to get started. First, go to this link and choose "Sign Up Now!"

1. Select the country where you live and choose a language preference.
2. Now you need to choose a type of PayPal account. PayPal offers three account types. When choosing between them, consider what you're going to use PayPal for.

Types of PayPal Account
* Remember, it costs nothing to send money via PayPal, but some accounts charge fees to receive money. The exact fees vary with the type of account.
* Personal accounts:
o Pros: No transaction fees on payments received via PayPal Balance, PayPal Instant Transfer, or PayPal eCheck.
o Cons: Can only receive a limited number of credit card payments; limited customer support (no toll-free number and long wait times); $500 per month limit on receiving money.
o Ideal User: Online shoppers who do not spend large sums of money.
* Premier accounts:
o Pros: Toll-free customer service number; can accept unlimited credit card payments; eligible to apply for PayPal ATM/Debit Card, which allows direct access to your PayPal account instead of waiting for funds to transfer to your bank account.
o Cons: Transaction fees to receive payments via PayPal.
o Ideal User: Individual online sellers.
* Business accounts:
o Pros: Same as Premier; ability to have multiple users access same account; can operate under business name.
o Cons: Same as Premier.
o Ideal User: Business owners.
If you're not sure what account to choose, start with a Personal account. It's free to upgrade to a new account later if you feel you made the wrong choice.

Create Your PayPal Account
1. Once you've chosen the right account for your needs, click on the appropriate account button.
2. Fill in the requested information. Choose a password that others won't easily guess!
3. Read the user agreement, then click to create your account.
4. You'll receive a confirmation email from PayPal. Click on the link in the email.
5. Sign into your account with the password you just set up. Now you're ready to go!

Verify Your PayPal Account
You can verify your PayPal account by applying for a PayPal credit card or entering a bank account number. Verification confirms your identity on PayPal and makes it easier to use PayPal online.
You must be verified to continue using PayPal once you've reached your sending limit.
o Verification by Checking Account
1. If you want to be verified by entering a checking account number, gather your bank information, including your routing and account numbers.
2. Sign into your PayPal account.
3. Click the "Get Verified" link on the left.
4. Click the "Add Bank" option.
5. Fill in the requested information.
6. You can enter your online banking information and have your account verified instantly.
7. If you do not have that information, PayPal will make two small deposits to your bank account.
8. Check your bank statements for the deposits.
9. Return to your account page and click on the "Confirm Bank Account" link.
10. Enter the amount of the deposits.
o Verification by PayPal Credit Card
1. Sign into your PayPal account.
2. Click the "Get Verified" link on the left.
3. Click the "Apply Now" button to apply for a PayPal Credit Card.
4. Fill in the requested information.
5. If you are approved, your new credit card will also serve as verification for your account.

You are ready to receive your payments now.
NOTE: your paypal account is the emailadres you use to login with paypal.