Many of you are familiar with PayPal and its importance in the online field. But let me tell you about it in short, so that new people could also know about it. PayPal is an online payment processor working for many years. It deals with currencies from all over the world. It is a fast, secure and efficient way of dealing with currencies. One can send, receive and withdraw currencies from their PayPal account. According to latest researched, It is one of the biggest payment processors in the whole world. Millions of transactions are being made in every second around the world.
Many sites are accepting money online through it. They encourage people to sue PayPal instead of any other method of paying them. PayPal is offering its services in many countries of the world. However, some countries are also blocked by it. People residing in countries like Pakistan are not capable of using its services. Due to some issues PayPal faced in some countries, it has stopped the service in them. Other countries are still able to use it for online payment processing.
Freelancers know very well about the importance of this site. It is begin used by almost all freelancing sites and even customers. So getting paid by them becomes easy for them. But if PayPal is blocked in some countries, freelancers face the biggest problem. They can’t take money from clients who use it. This reason becomes one of the biggest issues in freelancing business.
Now that was a little introduction about this important payment processor. Let’s have a look at some facts about PayPal every freelancer must know:
1) Choose the Account Wisely
You must know about the account types on PayPal. It is offering three different account types for people all over the world. These are:
2) Multiple Accounts can’t be made by people
Freelancers usually have to receive multiple payments from clients all over the world. That’s why in some cases a problem arises for having multiple accounts. But in that case, don’t just make multiple accounts on PayPal. You will be forcing the site to block all of them at once.
They have clearly listed on their TOS and Policies that one has a single account running at a time. However, one personal account and one business account can be obtained by freelancers. It doesn’t have any issues with PayPal, but you have to use different email and credit card details on both accounts.
3) Don’t Buy Accounts
PayPal offers there service for free to eeveyrone working online. Don’t buy accounts from people who offer verified stuff for a little cost. Always make your own account and verify with real details. If your country doesn’t allows Paypal accounts, just wait and have lots of patience. Never buy an account from anyone selling it for a cost.