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 think about the risks of linking accounts. Those who own PayPal accounts have the option of connecting their other accounts to it. While it might seem like a good idea to link your credit card to it for accessibility's sake, the possibility of fraud must be considered as well. After all, when one account is compromised, others will be compromised by proxy. Simply put, an understanding of the risks beforehand will go a long way.
DON'T think that tracking is unimportant. As a matter of fact, tracking might be one of the most important aspects of PayPal that companies like Bob Jain CS can recognize. One of the reasons for this is that minimizes the level of risk on a buyer's end. This is especially true if a package fails to move in a couple of days. As a seller on PayPal, it's in your best interest to include tracking numbers with all orders.
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 think about the risks of linking accounts. Those who own PayPal accounts have the option of connecting their other accounts to it. While it might seem like a good idea to link your credit card to it for accessibility's sake, the possibility of fraud must be considered as well. After all, when one account is compromised, others will be compromised by proxy. Simply put, an understanding of the risks beforehand will go a long way.
DON'T think that tracking is unimportant. As a matter of fact, tracking might be one of the most important aspects of PayPal that companies like Bob Jain CS can recognize. One of the reasons for this is that minimizes the level of risk on a buyer's end. This is especially true if a package fails to move in a couple of days. As a seller on PayPal, it's in your best interest to include tracking numbers with all orders.
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.
