PayPal is an online source that helps people to send and receive money. It is the easiest and the simplest way of accepting and sending payments than another option available. However, conducting financial transactions on the internet does pose a few risks. There are a few tips that can be followed to make the transactions go as smoothly as possible.
PayPal Fess for the Buyers and Sellers
One of the most important things to keep in mind while using Pa yPal is the fees. If you are buying something, then you never have to pay any fee. Transferring money to another person is usually free too unless you are using a debit card instead of a bank account or transferring money internationally.
On the other hand,if you are accepting money via PayPal as a seller then the service will cut fees for the transaction. It costs 30 cents per transaction plus the 2.9% of the total transaction amount. This is very important to keep in mind while you are pricing the items so that you aren’t taken back by the fees once you make the sale.
Buyer Feedback
Unfortunately, eBay no longer allows sellers to get feedback from the buyers. But, still, the seller can see the general feedback from potential buyers to find out how reliable that person is. If you do not do business on eBay, you can use things to find out if you buyer presented any problems in the past or not.
Unluckily, if you do fall into a problem while selling on eBay, you can use a seller reporting hub to report things, such as, unpaid items, extortion or any other issues that you may face from the buyer.
Completing the Transaction
Do not keep your buyer waiting. If they have any questions for you, then make sure you answer them properly so that your transaction does not get delayed. Also, as soon as you receive the payment, you should put the item in the mail.
As a seller, it is strongly recommended that you purchase either tracking or delivery confirmation so that you are sure that the package gets where you intended. Be sure to verify the billing address, that is, the address that you are shipping to.
Avoiding scams on PayPal
There are some buyer behaviors that the seller must watch out that indicate that they are up to something. A few examples are the unusual and suspicious requests that you might get mentioned in it that an urgent shipment is needed at any cost, sending partial payments from different PayPal accounts, not making their payments at a time.
Everyone knows that they can use PayPal to send and receive money for any reason, not just when you are using eBay. As long as the seller keep these tips in mind, PayPal can be a great tool for managing your finances easily and conveniently. Along with its other perks and advantages, Paypal.com working capital loans are also available for the support of your small businesses.