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Monday, August 11, 2008

Better Management of Your Paypal Account

Photo Credit Annia316

Better Management of Your Paypal Account

The Internet has radically changed the way many businesses operate. The advent of the worldwide web has enabled freelancers to take up work from any part of the world. The difficulty of making and receiving payments has been reduced by the appearance of sites such as paypal and moneybookers that allow you to make transactions in a jiffy.

For many of you online transactions might sound very dangerous and may frighten you thinking of the possibility of falling prey to hackers and scammers on the net. For this reason, the option of receiving payments on an internet site like paypal may sound very scary and unnerving.

But, if you follow a few simple safety measures, you can remain away from such perilous situations and your money remains safe. You should also be aware of things such as how to set up a paypal account and how to pay and receive money.

Setting up a paypal account is very easy. All you need is an email address for verifications and your email i.d. becomes your paypal i.d. This is what you need to send to your clients to ask them for sending you the money. Alternatively, you can even send a request through the request form available on paypal.

You need to provide details of your bank account which needs to be linked to the paypal i.d. such that you can transfer the money from the site to the bank account. You can get verified by giving details such as credit card so that money transfers can be made from your card too.

A few precautions that need to be followed while using your paypal account
• Always log in from web browser using the link https://www.paypal.com. Never try to enter the site through a link you have received in your mail.
• Keep only small balances in your account.
• Set up a separate bank account to link to the i.d. and withdraw the amount from the bank at regular intervals.
• Check the balances in the bank account and paypal regularly.
• Do not use proxy while logging onto paypal as your account could get frozen.

A few things in mind go a long way in ensuring the safety of your money and peace of mind. It is better to be careful early rather than regretting later.