Receive money quick via Paypal

Paypal logoTime isn’t always on your side when you want it to. Your client needs you to send their order right away, but you need them to pay upfront. Since Canadian banking isn’t the most progressive in the world, it can be stressful to get that order out the door.
There is a simple solution, called Paypal. Let me show you how you can get this order out the door quickly.

What you need

You need an email address and  a bank account. This will be linked to your Paypal account to verify you’re an actual person, and for security reasons. Paypal offers secure and insured transfers. Depending on the transfer, you can be insured for amounts up to $3000.

What your client needs

Your client needs an email address, Paypal account, preferably connected to a bank account or credit card OR just a credit card.

What you do to receive money

Log in to your account and make sure you created a merchant account. If not, you can switch your account for free.
Click on the “Create an invoice” tab and select “Create detailed invoice”. Fill out the form that follows and the invoice is sent to your client.

Create Invoice - PayPal

What your client does to pay

Your client receives an email with the invoice and a link to Paypal where they can instantly pay the invoice with their Paypal credit or, if they dont have a Paypal account, they can use their credit card to pay.

Finish up the deal

In return, you will receive an email confirming the transaction, you’re good to go and send the order out to the client by courier or postal service.

Keep in mind

Although receiving money is free with Paypal, there is a 3.5% transaction fee if you want to transfer your Paypal funds to your regular bank account. For all Paypal fees, click “Fees” here.

There’s a lot you can do with Paypal. Get in touch with us to find out how we can implement it into your site.

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This entry was posted on Monday, March 29th, 2010 at 6:41 am and is filed under Technology, Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Receive money quick via Paypal”

  1. Josh said:

    I use Paypal for all my client work, when the client doesn’t have / want to use email transfer.

    Although it’s great and universal, there’s the downside of it taking 3 – 5 business days. This waiting period tends to go by quickly knowing you have a deposit on it’s way to you, but it can still be a bit of a hassle (that’s why I always push for email transfer first, then try for paypal)

  2. Mark Poppen said:

    Not if you send an invoice via Paypal. People can pay those instantly.
    e-cheques take 3 -5 business days, yes.

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