3 Best Ways to Accept Payment via PayPal

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For many freelancers, PayPal, Payoneer, and Wise are the three online payment solutions that help them to send and receive money online. These online platforms also enable their members to make online money transfers across borders in a convenient way.

Especially, the platform has some useful features that allow small business owners and freelancers to accept payment on the account. In particular, members are allowed to use their email addresses as one of the ways to accept payment online.

Alternatively, there are other ways freelancers may consider implementing new payments on a PayPal account because it will increase security protection and make your business looks more professional.

Let’s find out what other methods that show you how to use PayPal to receive money for your online businesses.

Keypoints

• PayPal is among the leaders in online payment for business owners.
• How to use PayPal to receive money- three main methods.
• Step by step guide to linking the bank account to the account

Other related reading:

> PayPal vs.Transferwise: Which Platform is Better?

> How to Cancel a Subscription on My Paypal Account

1. How to use PayPal.Me Link to accept the payment

The first and foremost important way is to use PayPal.me link as the way to accept payment for freelancers. It’s a completely free feature for the PayPal business account and personal account.

PayPal me link is a short URL that is an alternative way to the email address that you should use to receive payment from your customers. Freelancers can put their customize name on their PayPal.me, it should look like this PayPal.me/ your name.

After successfully setting up the PayPal.me link, you can share a PayPal link with your friends, and customers and request payment in the future.

The greatest benefit of using this feature is your account looks more professional as you don’t reveal your free email account to your clients.

In addition, it also helps to increase account protection by not sending emails to others. It is because hackers may try to use your email address to log in to your account.

More importantly, you need to open PayPal account prior create a PayPal.me link for your freelancing business.

2. Create invoices on the PayPal account

As a freelancer or business owner, you need to learn to get familiar with how to create invoices on your account. It’s because those invoices will be used to make online payments by your clients.

In addition, business owners are allowed to create invoices on the website or an app. By sharing a link or sending it to a customer email, they can make payment within minutes.

There are two main options to use the invoice as the way to accept payment:

• Create a quick invoice: you have to put the description of the payment and input the exact amount that the customer needs to pay. This is a quick and easiest way to accept payment for those using PayPal for business.
• Create a new invoice: it requires a bit of work to input relevant information of the invoice such as currency, product description, and shipping fee.

Overall, this is a quick and easiest way to accept payment by creating invoices and send to one of your customers. Especially, those who use PayPal for business as customers have more options to make payments such as debit cards or PayPal accounts.

3. Use an email address as a way to accept payment

Using a registered email address is considered the traditional payment to send and request money to your friends and clients. This feature applies to both personal and business accounts.

You only need to share the email address with one of your friends or customers to receive payment.

As mentioned before, the downside of this method is a security concern because scammers exploit your email by sending fake links and information to your email.

Do I need to link my debit card or credit card to receive money?

The answer is no, you can use the account to receive money without adding a debit card or credit card to your account. But, it’s not recommended because you require to link your debit card and bank account to send and receive money in the future.

How to link a bank account to PayPal?

The following are several steps you should consider to link your bank account to the platform:

1. On the platform portal, click on PayPal wallet.
2. You have options to link a bank account and debit card or credit card.
3. It’s recommended to link both your bank account and card to your account.
4. After linking to the bank account, the platform may send a small amount to your bank account and you need to confirm those numbers in order to verify your identity.

Overall, the platform is the leading online payment platform that helps millions of customers worldwide to send and receive money online every day. The platform has some useful features that create much more convenience for your online business.

Original source: https://jns-millennial.com/3-best-ways-to-accept-payment-via-paypal/

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By Jiro Nguyen.

The content is only based on the author’s personal opinion and experience. It is for informational purposes only, and it does not rely on as a comprehensive or a substitute for professional advice.