Setting up PayPal for Your Work at Home Income
PayPal is a company owned by eBay that allows you to buy online without a credit card. This service can also be used to get paid for your online income. The way it works is quite simple and best of all, it’s secure.
Why Use PayPal?
PayPal is like a go-between service between the Internet and your bank account. If you receive money in PayPal, you can transfer it to your account without revealing personal financial details and if you want to buy something online, you can transfer the money to someone else. In the WAH world, getting paid is the whole point to it all and by having PayPal you can earn money without waiting for cheques to arrive in the mail.
Setting up Your Account
Setting up an account is simple. Sign up at: www.PayPal.com and enter your details. Be sure that you have your bank account information handy as you’ll need to input it. Information needed is avaialble on your personal checks and if you need specific information about bank transit numbers, etc. you can contact your bank or visit their website.
PayPal Transfers
Once your details are in, you’ll need to watch your account. PayPal will send you two small deposits (generally below $1.00 each) and to confirm your bank account, you’ll need to input those exact amounts into the PayPal system which happens within a few business days. Then you’re ready to start using your account. Someone can pay you by having your e-mail address associated with your PayPal account and once you’ve received a payment, you’ll get an e-mail notifying you the payment is either live or pending clearance of an e-check.
Lead Time for Payment Clearance Through PayPal
Generally, e-checks take 5-10 days to clear and for most people, PayPal transfers into your bank account take 2-3 business days.
2 Comments to Setting up PayPal for Your Work at Home Income
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I do not know how some people in Nigeria open paypal accounts but it is very difficult to do so from here.
Can you tell me if there is a way out of my predicament?
Hi,
Sorry but I have no idea what people outside of authorised countries do. I know there are ways to fudge the system but if PayPal finds out you’re not being honest on your account I’m sure you could lose access to your funds which doesn’t seem like a worthwhile risk.
Seems unfair that a brush has been painted for a whole country but due to the amount of fraud activities, that has ruined it for honest entrepreneurs. You might consider using a service like Google checkout, set up a merchant account for credit cards and consider using services like Moneybookers. They do lower your chances for opportunities because some will do PayPal only but there are some workaround solutions. Good luck.