How to Setup PayPal

How to Setup PayPal – Setting Up Your Account Details

Before you setup PayPal and start taking payments online, make sure you have all your account details in order. Having your account details correct will ensure that your customers will be able to contact you if needed. It will also inform your customers who is billing them when they get their credit card statement. Also, you will be able to transfer funds to and from your bank account from your PayPal account much more smoothly.

Here’s how to setup your PayPal account details.

Step 1: Go to Your Personal Info Setup Page – Log into your PayPal account then click “Profile.”

Then go to your “My personal info” page.

Step 2: Setup Your Email Addresses – You can have up to 8 different emails stored in PayPal’s system. You can receive payments from each email address. This will allow you to essentially take payments as 8 different businesses. All you need to do is add a different email for each business.

This is also the email address that customers will be interacting with; if they have an issue with a payment or a transaction.

Start by clicking on “Update” next to “Email.”

You will be presented with the email edit screen.

Click on “Make Primary” to use a different email address as your main address. Use “Confirm” to have PayPal send a confirmation email to that address. Click “Remove” to delete an email.

To add a new email address, just click “Add.”

Step 3: Setup Your Phone Number – Your phone number will allow customers to contact you directly, if they have an issue. PayPal will also use it as a fraud prevention tool. If they detect suspicious activity, they need a valid phone number to reach you. If you don’t have a valid number on file, they may have to freeze your account. To prevent this kind of downtime, make sure you have the right phone number(s) on file.

To setup your phone number, click “Update” next to “Phone.”

Click “Edit” to change any existing entries. Click “Make Primary” to change an existing number to the primary number. Click “Remove” to delete a phone number.

To add a new phone number, just click “Add.”

Step 4: Update Your Business Information – If you’re running a business from your PayPal account, you should also update your business profile.

Click on “Update” next to “Business information.”

PayPal will show your existing business data. If you haven’t setup your business information, most of the fields will be blank. Click “Edit.”

Fill out the business information fields to add your business profile.

Step 5: Setup Your Bank Account – PayPal has the ability to link to your bank account, which sets up a two-way relationship. You’ll be able to both deposit and withdraw from your PayPal account. Here’s how to setup the link.

Click on “My Money” in your “Profile” page.

Click “Update” next to your bank account.

Click “Add Bank” to add a new account.

Enter your routing number and account number. These can be found on your checkbooks. If you have trouble finding it, you can also call your bank’s support center to get these numbers.

Upon adding an account, you may need to verify it. PayPal does this by placing two small deposits in your account. You’ll need to check the amounts, then report the amounts to PayPal. Once your account is verified, it’ll be linked to your PayPal account.

Step 6: Choose What Appears on Your Credit Card Bills – When you bill someone for a product or service, what appears on their credit card? If it just says “PayPal,” that could result in chargebacks if they don’t remember what the actual charge was. PayPal allows you to easily choose what actually appears on people’s credit card statements.

Start by going to “My selling tools” in your profile page.

 Click “Update” next to “Credit card statement name.”

 

Then enter a shorter and a longer version of what you want to appear on credit card statements of your customers.

These are the basic steps of setting up your PayPal account. You’ve learned how to update your email address, your phone number and your business information. You’ve learned how to link your bank account. Finally, you’ve learned how to setup what shows up on your customer’s credit card statements when they get billed from you.

Next: How to Create a Buy Now Button

2 Responses to How to Setup PayPal

  1. Trudy Gray says:

    Susan, once again very useful information.
    Thank you, Trudy Gray