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 consider the risks of linking. Specifically, you should know the risks associated with linking your PayPal account to a credit card, debit card, or bank account. After all, if your PayPal account is logged into by someone who shouldn't have access, your other accounts will be liable. Even though this option exists, and might be used by those who want to keep things streamlined, the aforementioned risks must be considered beforehand.
DON'T forget to include tracking when shipping. Another thing to know about PayPal, specifically for sellers, is that tracking numbers are important. Not only do these function as signs of goodwill by sellers, but they can prove useful if a package hasn't moved in a few days. To say that tracking will cover you, as well as the person you're doing with, would be an understatement. This is why companies like Bob Jain CS will recommend that you include it.
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 consider the risks of linking. Specifically, you should know the risks associated with linking your PayPal account to a credit card, debit card, or bank account. After all, if your PayPal account is logged into by someone who shouldn't have access, your other accounts will be liable. Even though this option exists, and might be used by those who want to keep things streamlined, the aforementioned risks must be considered beforehand.
DON'T forget to include tracking when shipping. Another thing to know about PayPal, specifically for sellers, is that tracking numbers are important. Not only do these function as signs of goodwill by sellers, but they can prove useful if a package hasn't moved in a few days. To say that tracking will cover you, as well as the person you're doing with, would be an understatement. This is why companies like Bob Jain CS will recommend that you include it.
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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