If you are planning to do online work for primary
or supplemental income, you should make sure that you have the proper means to
receive your income online. One of the most trusted middleman service for
online transaction is Paypal. I know some people prefer direct deposit or a
mailed check and that’s alright, but there are also instances when the company
only offers payment through Paypal. So, it is better if you have a backup
system to transfer money besides check and direct deposit. PayPal is sort of a
financial middleman that lets people send and receive money by using a person’s
Paypal email address.
PayPal Requirements
A valid Email address.
A valid Email address.
A valid International Credit card or bank
account.
Paypal Account
Paypal Account
Paypal
is very ideal system for transferring money between strangers, without the
hassle of providing credit card information and other details that can be used fraudulently
online. To maximize your Paypal control, make sure to connect your Paypal account to your personal bank account. Make sure to use the
same bank info when you open a Paypal account, like your account name and so
on.
It is also advisable that you get a Paypal debit card to easily access your
money anytime. Or you may use any Visa (with Visa logo) atm card to link to
your Paypal account. You can ask your local bank for assistance. Plus side of Paypal
Waiting time is minimal, the waiting time issue will actually depend on the company you are coordinating with rather than Paypal.
Online shopping is a breeze with Paypal, it’s just a click away.
You can transfer money to your friends and family with ease.
Now, a lot of online work pays through Paypal and sometimes ONLY through Paypal.
They have a very user friendly smartphone app that you can use anytime and anywhere.
You can immediately use your Paypal funds to pay off your Paypal connected credit card bill.
You can securely transfer the money to your bank account any day of the week.
Issues with Paypal
Paypal fees, when withdrawing money through card the Paypal fee is about $5 per withdrawal transaction. While for bank deposit it’ll roughly cost you a little over a dollar.
Paypal is servicing about fifty five countries at the moment, however there are still people who can’t access and use Paypal.
