PayPal, A Must Have for Online Business
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 A lot of people think that PayPal is just for E-Bay or Amazon to make payments for things you purchase through their services.
But, if you feature Advertisers on your Blog or Website you should consider using PP as a way of getting your commissions and payments. Some Advertisers only pay through a PayPal account, but most will offer it as an option instead of using checks for remittances.
If you have your own products and/or services that are featured online PP is a quick and easy way to get payments from your customers. The only thing they need is either an account of their own or a Credit/Debit Card. Remittances are made directly to your E-mail address and are credited directly to your PayPal Account.
There is a $500 limit to transactions per month on a personal account which if fine for a Small Business just starting out. Upgrades are available once things begin to improve and the profit level increases. The fees are very reasonable for the premier business accounts and services increase accordingly.
You decide when to make withdraws and transfer of funds to your personal or business bank accounts. Personally, I prefer using either a Checking or Savings account through my bank (even though there is an option of using a Credit Card) for a few reasons.
- Deposits can be made directly to your bank with No Fees
- Interest will accrue on funds with most banks
- Availability of funds for Offline use ie. paying bills, employees, office expenses
However, if a Credit Card is used as security will cost interest on any funds you transfer Into PayPal. PP doesn’t charge you but your CC will. This is a personal choice and it depends entirely on your situation and how you conduct your business.
PayPal is a very secure and trusted service for Online Business of any type. Payments to you are fast and are credited as soon as the payment is verified. PP is easy to work with if you have any questions or problems and they follow up right away with an E-mail for confirmation that your problems have been resolved.
I feel that a PayPal account is a Must Have for any Online Home Business and I highly recommend using it for Internet Transactions for Business or Personal use.
This is NOT a Paid Endorsement, however there are Afilliate Links in the article.
Technorati Tags: PayPal, Online Business, Payments
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Hey Joe. I didn’t know about the $500.00/month limit. Not that I need anything higher right now, but it’s good to know. By the way, do you get the PayPal email newsletter?
Input by Carolyn Manning | April 25, 2007 @ 8:02 pm
Hey Carolyn,
I don’t need more than the $500 right now either but the upgrades are % per transaction, so no biggie. If you don’t use it it doesn’t cost anything.
I just started getting the NL recently because Now I have a real reason to keep updated.
Input by Joe | April 25, 2007 @ 8:13 pm