Learn: How to get paid thru PayPal

Getting paid through PayPal is not as difficult as you may think. There are millions of people around the world who use PayPal to get paid on time because it is simple, safe, and available almost everywhere. So, it does not matter whether you are running an online store, freelancing, or just paying for the bills, the PayPal has a reliable way to receive money.

But the problem is that everyone does not fully understands the steps needed to set it up correctly to make most of its features. So, let’s begin and learn more about everything from creating your account and inking bank details, to sending invoice and handling international payments.

 

Why Use PayPal to Get Paid?

There are several why use PayPal to get paid which are mentioned below:

·         For more than two decades, the PayPal has been helping individuals and businesses move money.

·         The PayPal as a digital payment platform is quite easy to navigate, in fact you do not need to be tech-savvy to start using it.

·         PayPal several ways to get paid depending on your needs, from direct transfers to invoices and payment links.

·         PayPal ensures both you and your clients are protected during every transaction with features such as security encryption, fraud monitoring, and dispute resolution.

 

How to Set-Up Your PayPal Account for Payments?

If you want to get paid on PayPal, you must first set-up an account. Here is how to set-up your PayPal account for payments:

·         Go to the PayPal website or download the mobile app and sign up using your email address.

·         You will need to create a password and fill out some personal information like your name and address.

·         Next you need to verify your account by linking a bank or card and uploading identification documents if needed.

·         After this you need to choose the right account type such as personal or business account.

 

How to Your Bank Account or Card to PayPal?

To link your bank account or card with PayPal follow the below mentioned steps:

·         Go to the “Wallet” section in your PayPal account.

·         Click “Link a bank account.”

·         Enter your bank’s name, account number, and routing number.

·         Confirm the account using the small deposits PayPal sends for verification.

 

How to Receive Money on PayPal from Friends and Family

If you want to receive money on PayPal from friends and family, you need to these simple steps:

·         For of all, ask the sender to log into their PayPal account.

·         Click “Send & Request.”

·         Enter your email or phone number.

·         Choose “Send to a friend or family member” to avoid fees.

·         At last, enter the amount and send.

 

How to Use PayPal Invoices to Request Payments?

To use PayPal invoices to request payments, you need to go to:

·         Go to “Tools” and click “Create Invoice.”

·         Fill in the client’s details, item descriptions, prices, and payment terms.

·         Add notes, due dates, and any other important information.

·         Send the invoice directly to the client’s email.

·         You can also schedule invoices or set up automatic reminders so that payments are never missed.

 

How to Receive Payments through PayPal.Me Links?

If you want to make payments even easier, PayPal.Me lets you create a custom link you can share anywhere.

·         Create your PayPal.Me link with your chosen username.

·         Share it via text, email, or social media.

·         The sender simply clicks the link, enters the amount, and sends the money!

 

PayPal Fees You Should Know About When Getting Paid

While PayPal offers many free services, some transactions come with fees. For instance, when you send money to family and friends it is free when funded by a bank account or PayPal balance.

On the other hands the payments for goods and services typically include a fee of around 2.9% plus a fixed amount per transaction.

 

How to Withdraw Money from PayPal to Your Bank?

Once you have received payments, getting the money into your account is simple.

·         Go to “Wallet.”

·         Click “Transfer Money.”

·         Select your linked bank or debit card.

·         Enter the amount and confirm.

·         Standard transfers are free and typically take 1–3 days, while instant transfers are faster but include a small fee.

 

FAQ

Is it free to receive payments on PayPal?

It depends. Payments from friends and family are usually free, but payments for goods and services include a small fee.

 

How can I send a professional invoice through PayPal?

Use the invoice tool to create customized invoices with your logo, descriptions, and payment terms.

 

Can I receive payments from clients in other countries?

Yes, PayPal has a global reach and it allows users to receive money from clients in other countries.

 

Why is my PayPal payment pending?

The sender may not have completed the transaction or their account may need verification.

 

How do I increase my receiving limit?

To increase the receiving limit on PayPal, you need to complete the identity verification procedure and link a bank account.

 

Can I withdraw money instantly?

Yes, you can withdraw money from PayPal instantly, however for this you need to pay a small fee.