Payment methods accepted by PayPal
There are several ways
to fund the money sent to third party through PayPal:
e-Check: A third party cannot receive an instant cash if e-Check is sent. It can not be compared to “instant transfer”. Initially e-Check takes few working days to receive a cash, It is like a normal check writing from checking account takes 3-5 working days before it clear at the bank.
e-Check: A third party cannot receive an instant cash if e-Check is sent. It can not be compared to “instant transfer”. Initially e-Check takes few working days to receive a cash, It is like a normal check writing from checking account takes 3-5 working days before it clear at the bank.
Not necessary to have
a backup source of funds to use e-Check.
· Instant transfer: For your
recipient to receive their money at a reasonable time, This payment method is
what i advise most of my customers to use, instant transfer is immediately
credited to the recipient’s account. The money can be moved from your PayPal
account instantly to your personal bank account. Sending money it must be a
verified PayPal account with credit/debit card to back up your funds.
It has nothing to do with your
personal details.
· PayPal balance: Items were sold on eBay and a payment was made to
your PayPal account. A balance will appear on your PayPal account. If
constantly purchase is made online or eBay the money in your PayPal account
balance will be deducted from the purchase. Possibly purchases with the balance
have been exhausted, for any further purchase it will be charged from the
credit card linked to your PayPal.
· Credit card: Debit my credit card for any purchases of goods or item. It is good to link your PayPal purchases on credit card. Is not only protected by PayPal, but your credit card is also secured with PayPal also backs up for any fraud case.
Several opportunities to add many as much as possible credit cards to your
PayPal account and any of it can be selected to make online purchases. It is
possible to make each credit card function for different account; one can be
placed for a personal purchases and another for a business purchase. That can
make it easier to gather your bookkeeping at the end of the year bookkeeping.
How to send money
PayPal has separated
it payment methods into different categories based on the choice of what to
purchase. The order can be made for almost anything that we desired to buy in
the world using PayPal system “as long as the recipient has an e-mail address
registered with PayPal”. They are prohibited to some items like adult content,
gambling or services, and buying or selling dangerous drugs from non certified
sellers engaging in illegal business.
Login into your PayPal account and click the Send Money tab, send money using PayPal with the following methods:
· Paying for classified items: Buying an eBay item on eBay, it is compulsory to check out with the PayPal button.
· Goods (other): after clicking the send money button, according to the type purchase, it is advisable to select “Goods” to purchased or send money anywhere other than eBay.
· Services: click send money and select “Services” to send payment for a service being rendered to a person or your business, such as upgrading your eCommerce website, bookkeeping or article writers and many more.
· Personal: To send money to a family member, kids, parents or other relatives click on this button; also loans that was received from a friend can be paid.
I want to use the cash-advance feature to send money, It can be solved by Clicking Send money and choose personal payment avoid using a credit card because it will cost additional fees.
Hope we make sense out of this article.
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