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Paypal - easy way to receive money from clients
Old 14th February 2008 12:06 PM
Jey Jey is offline
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Category: Work From Home
Views: 244
Replies: 1
Website: www.paypal.com
If you are wokring from home, Paypal is a great way to receive money from your clients. We have extensively used paypal to receive payments of $10, $20 etc. Your clients don't need to have a paypal account and they can use their credit card to pay.

When a client pays you money, it goes into you paypal account, which you can then electronically withdraw into your bank account or ask them to send a paper check.

After researching several options, we find this to be the most hassle-free way to receive money for smaller transactions. Once the amount exceeds $500 or so, then you can explore alternative like wire transfer etc.
Tags: Paypal receive money send money work from home



Replies to Entry: Paypal - easy way to receive money from clients
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Old 25th February 2008, 12:50 PM
Jey's Avatar
Jey Jey is offline
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Join Date: Dec 2006
City: Austin
State: Texas
Country: United States
Posts: 1,608
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Default Re: Paypal - easy way to receive money from clients

How to sign-up for Paypal?
1. Go to paypal.com
2. Click on "Sign-Up" at the top right of the page.
3. Click on "Start Now" under Premier Account (Personal Account and Premier Account both are free to sign-up but with Premier Account your client can pay you through Credit Card, which is preferred by most clients)
4. Complete the form and follow the instructions

How to receive money through Paypal?
1. Send the email address you used to sign-up for paypal and the amount to your client.
2. Your client can then go into paypal.com (he doesn't need a paypal account), put your email address and send you the money.

How much is Paypal commission?
How much does Paypal charge?
Paypal charges $.30 per transaction and a 2.9% commission on the money trasferred. So, if a client pays you $20, you will receive $19.12 ($20 - $0.30 - 2.9%x$20).

How much is the withdrawal fees?
In India, you can withdraw the money electronically for free, if the amount withdrawn is more than Rs.7000. If the amount is less than Rs.7000, there is a withdrawal charge of Rs.50. If you want Paypal to send a physical cheque, then the minimum withdrawal amount is $150 and the withdrawal fees is $5.

 

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