Inside Look of Paypal|Very Helpful Guide on How to Understand and Use Paypal|Paypal for Freelancers

Whether your purpose is just to add Paypal as a payment option to your business or use it for online purchases –  this payment system is definitely a perfect choice for you.

Aside from the hassle-free experience that you get when paying in almost anywhere you do business, it also makes your transaction safe and secure. 

Paypal works in so many ways. This time, we’re going to focus mainly on how it works for freelancers like myself. 

This is the first thing you’ll see upon logging in to your Paypal account via mobile device.

From there you can see your Paypal balance or the remaining money you have from your account. Then, below that, there’s your recent transactions (money received and money sent). You can sort the history or dates of your activities by clicking the arrow sign from the right. You can also search a specific transaction by entering the name, email, mobile and more.

To send money and/or request for payments, just go to the very bottom of the page and click either ”Send” or ”Request”.

As a freelancer, I seldom use these buttons since all I need to do is wait for my money to arrive. 😀

You can add or set a profile photo if you wish. It is optional.

Once you click the photo , you’ll be routed to ”Personal Information” where the email address, phone number and addresses are located. You can then update/edit your basic info from there.

To add or remove an email address, just go to ”Personal Information” and click ”Email Address”.

Same goes to adding/removing a phone number and address.

This is under your profile photo. Once you click the link (paypal link) you’ll get to this part where you can copy and paste it. You can then send it to someone (example, a buyer who wants to send his/her payment or an employer who wish to send your salary).

Basically, this is your Paypal link. This is an alternative way of providing your buyers/employers your Paypal info in order to receive payments instead of giving them your paypal email address.

In my case, I prefer using the Paypal email address coz it’s easier and more convenient. Nevertheless, you can use both.

To see this, simply click your photo or settings at the very top right corner of your screen.

Under ”Bank Accounts and Credit Cards” (or Banks and Cards) ,you can find all your linked banks/cards. You can add multiple bank accounts and credit cards. You can remove it anytime you want.

Hit that plus (+) sign from the right to add a bank account/credit card.

You can select one bank/card as your primary or prefered payment method (for online purchases, for instance).You have an option not to link any banks/cards which therefore mean that Paypal will always be your mode of payment in every transaction.

If you click the bank account/card, you’ll see if it is confirmed or not, and what type of account it is.

If the bank account/credit card shows that it isn’t confirmed, that means that you failed to do/follow the verification process which is when you get an email to confirm some information or when your bank/card is inactive.

Here you can see a debit card with its expiration date and billing address.

For some reasons, the details you see on each bank/card vary. Some has an expiration date and billing address, while the other will only show the account type and status . In my opinion, it may be because of the type of account you have ,whether it’s a checking or Visa~ Anyhow, whatever info you see there won’t jeopardize your Paypal account.

Tada!!! Here’s the most awaited part. Transferring the Paypal money to your bank/card so you can withdraw it.

E A S Y 😉 – Please see the images below after reading the steps.

First, click on your Paypal balance or the 3 tiny dots right beside it. (From there, you’ll see the available money you have left on your Paypal account based on the most recent conversion rate.)

Next, find ”Withdraw Funds” or ”Transfer Funds” button. Hit it!

Then, you’ll be under ”Transfer”section where some fees will be displayed like the instant and standard fee.

Finally, after choosing the bank/card where you want the money to be transferred or withdrawn~ click ”Next” to confirm it. Hooray!!! You are now ready to withdraw money from your nearest ATM using your Visa/Debit/Checking or make a purchase somewhere with your Credit Card. 😉

I have two Paypal accounts. One in business and the other is personal.

Here in Paypal, each individual can create a maximum of 2 accounts~ one business account and one personal account.

If you’re a freelancer (online teacher, blogger, graphic designer or someone who works home-based), select ”Personal Account”. If your purpose is mainly to sell online or have a number of employees working for your business, go for ”Business Account”. Signing up is free so start now and worry later.

Here’s a screenshot of my 2020 transactions so far where you can see a negative (-) sign and a positive (+) . The ones with negative mean that I was the one who made a payment or I purchased (in other words, I was the money sender/buyer) so money was taken out from my account. Whereas, the positive one was when I received money (which means, I was the recipient/receiver/seller/merchant) so money was deposited into my account. If that make sense. 😀

You may be wondering why the heck there’s ”denied” status on my transactions. Well don’t freak out if that happens to you. The reason behind that was when I mistakenly chose a bank that was expired or inactive. 😀 Normally, it won’t be denied if you select the right bank/card (active one).


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