Join Christopher Matthew Spencer for an in-depth discussion in this video Using PayPal, part of PayPal Essential Training.
- PayPal is a convenient money transfer service that's faster than cash, check and money orders. Plus, it's more secure than using debit and credit cards alone. PayPal accounts come in different types and you can fund your PayPal balance from a bank account, a credit card or a debit card. You can also receive money from other PayPal users and spend that money immediately. PayPal is often considered an eBay payment service but millions of individuals and companies use PayPal every day.
Transfers between friends and family are always free. Let's explore some real-world PayPal scenarios. Let's say you've got a child in college and he'd like to buy some textbooks but he's run out of cash. You can instantly transfer money into his PayPal account and the funds will arrive in seconds. You can also use PayPal to make online purchases. Say you'd like to buy a new computer with some money sitting in your PayPal account balance and you're browsing around on walmart.com and you find the laptop you've always wanted.
You see the PayPal logo and you realize you have just enough money so you add it to your shopping cart and check out. Now one Friday night you're out with friends and you realize you've left cash at home and there's no ATM in sight. Your co-worker suggests that you PayPal her the money and in seconds, you've sent $50 and she's got you covered. Now let's think of business solutions. You have a client who wants to pay for an invoice with a credit card and you don't have one of those expensive merchant accounts. You send a PayPal invoice and he can easily pay with his card.
These are some of the ways PayPal streamlines your personal and business life. In terms of your online business presence, you can also add payment buttons to your website for selling products, services, or for non-profit organizations to receive donations. All the latest shopping carts support PayPal and most require no programming. If you operate a retail store, PayPal Here is an excellent solution for sliding carts. Use it as a point of sale system. Many point of sale vendors also integrate with PayPal too.
PayPal also supports payments by phone, fax or mail. Your imagination is the only limitation here. PayPal is a super convenient cash alternative for many situations. If you have a programmer, or you are one yourself, you can accomplish many more cool tricks with PayPal and integrate it into your applications. For those of us who don't write code, like me, sending and receiving money has become more convenient than ever before.
The course then covers making payments, sending invoices, setting up payment buttons, running reports, and refunding payments with PayPal. It also shows how to use the PayPal Mobile app as well as the PayPal Here credit card reader for face-to-face purchases and as a point-of-sale system for retailers. Lastly, Christopher Matthew explores PayPal shipping as well as tips for avoiding transaction disputes and accepting donations for nonprofits.
- Setting up an account
- Understanding PayPal protection for buyers and sellers
- Sending money
- Sending payments
- Requesting money
- Connecting PayPal to ecommerce sites
- Searching transactions
- Adding and withdrawing funds
- Using PayPal Mobile
- Using PayPal Here's point-of-sale solution with a card reader
- Shipping packages through the post office and UPS with PayPal
- Avoiding transaction disputes