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 overlook the importance of tracking, either. Tracking numbers are excellent for buyers, which means that sellers should include them more often. This is especially true when given the possibility of packages not moving for a few days. For sellers across the board, it's an act of goodwill to include tracking with purchases that are made. Without it, companies such as Bob Jain CS will tell you that you're not using PayPal to its fullest.
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 assume that all PayPal accounts function in the same ways. The reason why this must be said is that there are quite a few PayPal account types to sign up for. A personal account is used by most people due to its simplicity. What if you're someone who'd like to run a business with PayPal, though? This is where a business account would come into play, since it offers features that merchants can take advantage of. Needless to say, you're not without options when it comes to PayPal.
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 overlook the importance of tracking, either. Tracking numbers are excellent for buyers, which means that sellers should include them more often. This is especially true when given the possibility of packages not moving for a few days. For sellers across the board, it's an act of goodwill to include tracking with purchases that are made. Without it, companies such as Bob Jain CS will tell you that you're not using PayPal to its fullest.
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 assume that all PayPal accounts function in the same ways. The reason why this must be said is that there are quite a few PayPal account types to sign up for. A personal account is used by most people due to its simplicity. What if you're someone who'd like to run a business with PayPal, though? This is where a business account would come into play, since it offers features that merchants can take advantage of. Needless to say, you're not without options when it comes to PayPal.
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