When it comes to the most popular ways to buy items or even send money, PayPal will rank highly. It's a name that most people know, even if they don't use the service themselves. What you may not know, though, is that there are right and wrong ways to use it. With this in mind, and with the financial expertise of Bob Jain, here are some of the most important PayPal do's & don'ts that you should be aware of.
DO be mindful about how you link your PayPal account. Upon creating a PayPal account, you might be promoted to link it to your credit card, debit card, or bank account. While this might seem like a good idea on the surface, you have to consider the possibility of fraud as well. If someone gets into your PayPal account, they have access to your other accounts as well. This is why you have to be especially careful about these options.
DON'T overlook the importance of tracking, either. Tracking numbers are excellent for buyers, which means that sellers should include them more often. This is especially true when given the possibility of packages not moving for a few days. For sellers across the board, it's an act of goodwill to include tracking with purchases that are made. Without it, companies such as Bob Jain CS will tell you that you're not using PayPal to its fullest.
DO focus on resolving disputes quickly. Another thing to know about Paypal - and Bobby Jain CS will agree - is that disputes might come about. This is why it's important to address them as soon as possible. Make sure that you hear out the other person, before offering a solution that will be able to benefit both of you. The more mindful you are about doing so, the more that you'll get out of PayPal in the long run.
DON'T think that all PayPal accounts are the same. As a matter of fact, PayPal users can sign up for different accounts if they'd like. For example, a personal account is great for basic purposes, such as purchasing items and receiving money. If you'd like to run a small company, with PayPal being the base, a business account would be more worthwhile. Evaluate your options, as well as goals, before determining which account type will suit you best.
DO be mindful about how you link your PayPal account. Upon creating a PayPal account, you might be promoted to link it to your credit card, debit card, or bank account. While this might seem like a good idea on the surface, you have to consider the possibility of fraud as well. If someone gets into your PayPal account, they have access to your other accounts as well. This is why you have to be especially careful about these options.
DON'T overlook the importance of tracking, either. Tracking numbers are excellent for buyers, which means that sellers should include them more often. This is especially true when given the possibility of packages not moving for a few days. For sellers across the board, it's an act of goodwill to include tracking with purchases that are made. Without it, companies such as Bob Jain CS will tell you that you're not using PayPal to its fullest.
DO focus on resolving disputes quickly. Another thing to know about Paypal - and Bobby Jain CS will agree - is that disputes might come about. This is why it's important to address them as soon as possible. Make sure that you hear out the other person, before offering a solution that will be able to benefit both of you. The more mindful you are about doing so, the more that you'll get out of PayPal in the long run.
DON'T think that all PayPal accounts are the same. As a matter of fact, PayPal users can sign up for different accounts if they'd like. For example, a personal account is great for basic purposes, such as purchasing items and receiving money. If you'd like to run a small company, with PayPal being the base, a business account would be more worthwhile. Evaluate your options, as well as goals, before determining which account type will suit you best.
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