Have you ever heard the phrase; Get paid twice? Of course, you have! It’s something entrepreneurs say all the time, but what does it mean? It means that there are two times when your business should be receiving cash in exchange for your services or products. The first time is when your customer or client pays you, and the second time is when you receive payment from PayPal after your customer has paid you through their PayPal account. This payment goes toward covering expenses like rent and electricity bills, while also providing an opportunity to reinvest into growing your business even further!
Accepting Payments Online
PayPal’s website allows you to accept payments online. You can do so by integrating a shopping cart into your website and inviting your customers to pay with their PayPal accounts. What’s more, you can process payments through most major credit cards without having to be in front of a computer for every transaction; just swipe your customer’s card and enter their information via phone or mobile device.
Accepting Payments Offline
From time to time, you may need to accept credit cards offline. For example, if you run a stand at a craft fair, or man a pop-up shop in a shopping mall. No worries! You can still use your PayPal account in these situations. Follow these steps The first step is to download and print off our Offline Payment Form (PDF). This form allows you to collect information from your customer so that they can be charged later. If you are using a mobile device, simply save it as a PDF and email it directly to yourself. The next step is to fill out all of the required fields on the form: Merchant’s Name, Email Address, Merchant’s Phone Number, Card Type & Number, Name on Card, Billing Zip Code and Amount. Once you have filled out all of these fields and collected payment from your customer – place their card into an envelope with any other supporting documentation (such as a receipt) that might be needed for processing their payment.
Marketing Tools
PayPal has made it easy for entrepreneurs to access and manage their finances, which gives them more time to focus on their business. Marketing tools are especially helpful for businesses that are just starting out, as they can grow a customer base quickly. For example, with Send Money, users can transfer money from one PayPal account to another for free—no bank account needed! And with PayPal Credit you can get up to $10K in financing.
Fundraising Tools
To get a business off the ground and to keep it going, entrepreneurs often need to raise money from outside sources. There are many ways to go about raising funds; one method is called equity financing. Equity financing involves using cash, services, or other assets as collateral for a loan—in exchange for a percentage of ownership in your company. If you’re an entrepreneur looking to secure funding for your startup, learn how PayPal can help you build your business faster—and save you time along the way.
Ecommerce Solutions
With a merchant account, you can accept credit cards, debit cards and checks online or over the phone. Businesses that sell products online can start taking orders right away without having to pay for expensive point-of-sale (POS) systems or install costly upgrades to your website. Keep in mind that a merchant account also allows you to hold funds until transactions are verified. Be sure to check out all of our ecommerce solutions.
PayPal to make purchases from Amazon
You can use your PayPal account to purchase items from Amazon. If you want to make a large purchase or want to make several small purchases from many different sellers, you can use your PayPal balance or even link a credit card to your account. With a small business, one of your biggest challenges is managing multiple expenses and funds. Using PayPal to manage your money will help you keep track of how much money you have in each account. It’s easy to do all you need is an email address, phone number and password. Once set up, there are no additional fees for using PayPal as a payment method on Amazon—it’s free!