Utilities PayPal payment gateway for you

PayPal has for many years been at the forefront of online payments and international money transfers via the Internet. This application is an alternative to traditional money transfer methods such as letters, money orders, SEC .

PayPal is also accepted by online retailers as one of the store's payment methods, with a much higher rate than similar services, such as Liberty Reserve, Moneybookers, Webmoney. Neteller . It certainly won't be too much to say that PayPal is still continuing to hold the throne in the fierce race of online payment applications that tend to grow stronger today.

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This article will help you learn some very useful utilities for you if you do not understand PayPal well. Let's watch it.

Send - pay via PayPal

Most users sign up for a PayPal account because of the convenience of this wallet in buying and selling online. You can use PayPal to pay for any of the following activities:

1. Online shopping from online stores.
2. Pay products at the store by connecting your PayPal account with Google Pay or Samsung Pay.
3. Transfer money when needed.

You can see the PayPal logo appearing everywhere when shopping on the internet no less than the 'horny' names like VISA or Mastercard. This further emphasizes that owning a PayPal account will be extremely helpful to you.

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One thing you need to know is that PayPal charges a transaction fee in two ways: payment in purchases and personal payments . Each form will have a different way of charging:

1. Payment in sales : The buyer will be free of charge and the seller will bear a prescribed fee.
2. Personal payment : If you use money in your bank account or PayPal account, it will be free. If you use money from Debit Card or Credit Card will be charged according to regulations, however, this fee can be selected as the sender or the payee.

Details of how to calculate PayPal fee will explain more clearly below.

Receive money via PayPal

Receiving payments or transfers via PayPal is as easy as sending. If you receive money in an individual form, you will not have to pay any other fees. However, if you act as a seller (for example, on online shopping sites like Amazon, Ebay .), you will have to pay a transaction fee for PayPal. Details I will update below.

You can track these transactions in your transaction details, you can also choose to print payment invoices or pay back if needed.

Create an invoice

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To create an invoice in PayPal, log in to your account , click More and select Create an invoice . PayPal makes it easy to create an invoice for the item you need and paid through this payment gateway.

When you have completed the invoice entry, simply click on the Send button to send it to any email address you need.

Add PayPal to your payment option for your website

If you are considering adding PayPal to your list of payment tools, take note of the following instructions.

First you scroll down to the bottom right of the main page and click on the Manage Buttons option. Here you will see a list of the buttons you have created and click on Create new button on the right.

The next steps PayPal will show you how to customize and how the buttons you choose such as price, shipping costs, taxes paid .

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There are several types of buttons available for your website such as:

1. Shopping Cart - Shopping cart
2. Buy Now - Buy now
3. Donations - Contribution
4. Subscriptions - Sign up
5. Automatic Billing - Automatic payment
6. Installment Plan - Installment Plan

PayPay's instructions will vary depending on the button you choose. After completing your own custom buttons, you need to copy the embed code and paste it into the website to complete adding PayPal to your list of payment tools.

Manage PayPal account

You can easily track, manage and search all transactions processed in your PayPal account using the transaction history option. This function is extremely useful for tax declaration when you need a complete record of the business situation of your shop / business for the entire year of operation.

The main summary page gives you an overview of your most recent deals. To find out more, click the Activity link in the menu and select Statements in the upper right corner of the page.

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Here, you can access the options to view the history in your account.

1. Custom: Allows you to view date ranges or filters by money to or from.
2. Standard: View your entire account history.
3. Tax Docs: View only the data needed for your tax records.
4. Quick Reports: Overview of your previous month's transactions.

If you use PayPal for all your business transactions, these reports will help you greatly manage the financial records needed to track all your business activities.

Other utilities of PayPal

PayPal has evolved over the years to become a perfect financial trading tool for many purposes. Not only is PayPal receiving payment or buying goods online, but PayPal also provides more utilities as follows:

1. Contribute to a charity: PayPal provides a list of major charities, you can donate directly from your account.
2. Create a small fund: If you want to have a small fund with the purpose of doing business with friends, or a common financial family, it's easy, you just need to create a fund from your PayPal account. and invite friends to contribute via email very simply.
3. Send gifts: Use PayPal's Send a Gift form to send 'financial' gifts via email or mobile phone number to recipients.
4. Split the bill: This option is extremely useful if you are renting a room with friends and need to split the bill.

PayPal calculation method

In general, PayPal's fee schedule is quite cheap, of course, depending on the service you use.

If you make domestic payments in the United States from your account, PayPal doesn't charge any fees. If you transfer to another country, you will need to pay a fixed amount.

Payment in sales: The buyer will be free and the seller will be charged according to the formula: 2.9% - 3.9% of the total transaction + 0.30 USD + surcharge .

Personal payment: If you use money in your bank account or PayPal account, it will be free. In case you use money from Debit Card or Credit Card will be charged as follows: 2.9% of the total amount of + 0.30 USD (this fee can be selected as sender or payee).

The surcharge you need to pay usually depends on the total payment amount.

1. $ 0.00- $ 49.99: 99 cents per transaction.
2. $ 50.00- $ 99.99: $ 2.99 fee per transaction.
3. $ 100.00 +: charge $ 2.99 if payment goes to Canada and European countries, $ 4.99 for the remaining countries.

Note that the exchange rate of Paypal may be slightly different from the exchange rate in Vietnam (Exchange rate).

Why should you choose PayPal?

1. PayPal payment system is confidential.
2. Extensive system network, used all over the world quickly and conveniently.
3. Safe to trade for both sellers and buyers (the feature can reclaim the money after sending money to another account when fraudulent).
4. Good and fast customer service support.
5. Limit the disclosure of bank account information, because each payment, you do not have to enter the international payment card number (VISA, Mastercard) for providing PayPal when registering to create an account.

Overall, over the years, PayPal has become one of the most trusted online financial services. Many other services have been trying to compete, offering similar services, but hardly any "newcomers" have as strong and wide coverage as PayPal.

If you have never used this application, what are you waiting for? Quantrimang thinks you won't be disappointed!