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Wingsdomain Art and Photography

3 Years Ago

Paypal - How What Where When?

For many of us, yesterday did come early this month! But whether you like it or not, this is NOT the place to voice your opinion on the changes sweeping across the Universe. Please help your fellow faatizens to better understand how to use Paypal from the basics to the advance. Ask your PP questions and I'm sure someone will respond with good solid information. Again, no sparring here (I'll have Beth remove messages that derail this most important topic in your lifetime!)

I'll start with the most important bit of info: TO GET STARTED, GO TO http://www.paypal.com

-W


Photography Prints

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You only need a personal account if you are a lone person selling a couple of pieces. If you are an actual business, or going to earn taxable income, then you do need a business account.

You can upgrade or downgrade at any time

FAA Will be paying your PayPal fees for that payment when they pay you

 

Marlene Burns

3 Years Ago

and here is the paypal app for your smart phone....
PPAPP

 

Angelina Vick

3 Years Ago

You can get check card linked to the account.

That way, when the money deposits, if you want to use it immediately, you can. Or if you want to, transfer it to your bank account.

 

My understanding is that there is a limit on how much you can transfer from pp to your bank account (correct me if I'm wrong):


- is that limit per day?

- what is the limit for a personal account? (I think $500? yes? no?)

- what is the limit for a business account?

 

https://www.paypal.com/helpscr?cmd=_help&locale=en_GB&countrycode=GB&_dyncharset=UTF-8&t=solutionTab&ps=solutionPanels&solutionId=163435

This is UK site but I understand USA is exactly the same, just the law quoted is different

When you open your PayPal account, you are only asked for the essential information so that you can start using your account straight away. To allow us to do this, all PayPal accounts are initially ‘Unverified’ and have limits on sending, receiving and withdrawing money. To lift these limits and to comply with EU law, we will ask you to verify more information about yourself.

To lift your limits , you will need to complete the following these steps:

Log in to your PayPal account at www.paypal.co.uk
Click the 'View Limits' link on the ‘Account Overview’ page
Tick the boxes next to the limits you wish to lift and click 'Lift Limits'
Follow the instructions to lift each one

Note: Once you've reached the initial limits, the only way to use your PayPal account to send and withdraw money is to complete the required Verification steps.

 

Marilyn Smith

3 Years Ago

Is it okay to use a debit card from your bank?

 

Marlene Burns

3 Years Ago

i've never had a limit on a transfer...i transfer every penny within minutes of getting my e mail that the money is in.
that said, my clients are usually paypal customers and their funds could already be sitting in their accounts and verified.
my e mail notices tell me that the funds are verified and guaranteed....so i transfer it all out.
business account, btw, wings....
john and i are talking about this behind the scenes...he's calling pp now to ask.....he has had a percentage held back for x number of days...i am guessing because the funds are not yet guaranteed.

 

Yea, M, I currently have a personal account so it may be different. I will likely get a business account soon so I can do more with it beyond just using it for faa.

-W

 

Mike Savad

3 Years Ago

hey i'm not faat

:)


---Mike Savad

 

You can use a debit card to sign up with instead of a credit card, I believe. I use one.

 

Mary Bedy

3 Years Ago

Do you have to have money in the account to set it up? Years ago it used to be $500.00. You could not have an empty account....

 

Marlene Burns

3 Years Ago

no mary....and you don't have to keep any money in the account either.
i only have money in my pp account for a few minutes after each transaction.
if you are interested in using your pp account to make purchases online, then, obviously, you need a balance.

 

Mary Bedy

3 Years Ago

What if you are being paid from several sites. One person in the "other" thread said we would be using the email we use to sign into FAA. If I have other email addresses linked to other web sites, do I need to have them switched all to the one I use here in order to get paid from the other sites? I don't think you are allowed more than one email address on Paypal, right? I'll stop asking questions after this one and read the Paypal site....just looking for basic info..thanks.

 

Jessica Jenney

3 Years Ago

How can I lift my Withdrawal Limit?

For security reasons, there are initial limits on the amount of money you can withdraw from your PayPal account each month. Until you complete the steps to remove the limit, you may only be able to withdraw $500.00 per month. The start of a month is determined by when the PayPal account was opened (for example, May 15 to June 15).

You can lift this limit by linking and confirming your bank account or verifying your credit or debit card information.
Here's how you can view and lift your withdrawal limit.

Log in to your PayPal account.
Click View Limits near your name on your Account Overview.
To lift your withdrawal limit, click Lift Limit.

 

Mary

You can use ANY email address you own for PayPal. I use a different email account for Paypal which I give FAA in my Payment Information area.

You can also link several email accounts to PayPal.

 

Marlene Burns

3 Years Ago

no, mary, you will go to payment information and use the e mail address that is linked to your paypal account, not the one linked to your faa account.. the e mail address you gave to paypal.....that's the one that faa needs in order to transfer your monies owed into the pp account.

 

Priyanka Yadav

3 Years Ago

im from india & from august onwards i'll be in USA for 6-8 months. will i be able to use my paypal account while i'll be in USA ?

 

Mary Bedy

3 Years Ago

Ok, thanks. I'm a little slow and tired. Clearing out my parent's house...I think I've got it now.

 

Marlene Burns

3 Years Ago

no problem, hon...take it slowly, it's a big job.

 

That is the beauty of Paypal. Even if you travel you are never away from your money :)

 

Some have suggested to open up a separate bank account to house your paypal account.

Questions:

- If a hacker gets into my paypal account that is linked to this separate bank account, can he/she use the money from this separate bank account?

- If yes, sounds like it would be wise to not only withdrawal all monies that come into your paypal account into this separate bank account, but also to withdrawl most monies that go into this separate bank account into your primary bank account? This way if a hacker uses your paypal account, there would be little to no money in the separate bank account to draw from as well?

 

Priyanka Yadav

3 Years Ago

thanks for the info Beth ! :) ..that's such a relief!

 

Mike Savad

3 Years Ago

the one thing that should be noted - you can only have one paypal account. if you have two - you could be locked out of both. so any one assuming they need a special one just for here could get into trouble down the line, someone should double check that. it's a good thing to know.


---Mike Savad

 

Xueling Zou

3 Years Ago

Doesn't it mean you can not have one for personal and one for business account for the same person??

 

Mike Savad

3 Years Ago

to be honest i don't know how it works, but it's best to go over they very long terms of service. i assume that if you pay for one, then you can have a free one too, but it's something that should be looked into.

---Mike Savad

 

There's a 2.9% + 0.30 cents transaction fee to accept payments. Is this the fee that FAA is going to cover? How is that cover? Is there an option in paypal for the payer to pay that fee instead of having the recipient pay it? Or is FAA adding that fee to our payouts so we still pay the fee but from the payout+added fee by FAA?


-W

 

Marlene Burns

3 Years Ago

wings, you are making it far more complicated than it is.
sean has already stated that he covers the fees.


i used paypal last week for an internet original painting sale. i sent an invoice through paypal to my client. when my client paid, 2.9% plus 30 cents was subtracted from the amount and the balance was put into my account.
that is how it works if it is NOT an faa commission payment.

 

Xueling Zou

3 Years Ago

I think the the transaction fee will be charges if it is over $500.

 

There is a transaction charge for all payments, large and small. FAA will pay it.

Yes W, there is a choice when you send money to accept the charge yourself or allow the recipient to pay. FAA will accept the charge themselves

 

Thanks B + X + M. Complication is the birthplace of knowledge. :-)


-W

 

Lena Auxier

3 Years Ago

How long does it take a sale to show up on your paypal account? I have a personal PP account and just sold a print today, first one since signing up with PP. Also, since my account isn't verified can I make purchases?

 

Mike Savad

3 Years Ago

FAA has to release the money i think every 15th, then it should show up pretty much instantly.

but if you just sold it today, you have to wait 30 days, here on FAA before anything is sent.


---Mike Savad

 

That would be on the 15th of the month AFTER that 30 day period. The 30day period is for the FAA 30day guarantee, if the buyer returns the print, within that 30 day, you get nothing.


-W

 

Carolyn Marshall

3 Years Ago

@ Marlene - Regarding your statement "if you are interested in using your pp account to make purchases online, then, obviously, you need a balance." That's partially true. I am still using a personal account with the $500 monthly limit until I start earning more than that on my photography. However, I also use it occasionally to pay for an online service related to my photography business that only takes PP payments. I do like you do and transfer any payments out of PP into my bank account as soon as I get the notice they are there. So I never have a balance in my PP account. To pay something from my PP account, I simply tell PP to use my checking account. I guess they withdraw from my checking and pay my payee from my PP account.

 

Carolyn Marshall

3 Years Ago

Thanks for the tip on lifting the limits. I did not know that. Worked like a charm.

 

L C

L C

3 Years Ago

debit and money cards are linked to a bank and are valid accounts. There must be a way to funnel money to these accounts without a routing number.

 

Marlene Burns

3 Years Ago

lc, the routing number is just that...it tells companies what route to take to get the money where it needs to go.

 

Holly Martinson

3 Years Ago

ok if you have paypal how do you link it to your account here?

 

Jessica Jenney

3 Years Ago

Whats the difference between a personal and business account? Why do I need a business account?

 

@Holly add in your Behind The Scenes | Payment Info, the email you use to log into Paypal

@Jessica There are three types of Paypal accounts: Personal, Premier, and Business.

Personal accounts are, obviously, for the personal use of individuals. They can accept up to five (5) credit or debit card funded payments per year and are assessed a transaction fee. Other payments received are not charged a fee.

Premier accounts are for members who have a high transaction volume or would like to access Paypal’s Core and Premium features (explained below). Premier accounts may operate under an individual name. Unlike Personal Accounts, they can accept an unlimited number of credit or debit card payments. However, all payments received are charged a certain fee. (Paypal’s fee schedule here.)

Business accounts are for businesses, allowing them to operate under a company or group name and accept payment from customers without PayPal accounts. Like Premier accounts, they can accept an unlimited number of credit and debit card payments, although all payments they receive are charged a certain fee.
http://www.pinoymoneytalk.com/paypal-account-types/

 

Joshua House

3 Years Ago

Beth, I take it what we receive from FAA are not considered "credit or debit card funded payments"?

 

L C

L C

3 Years Ago

Marlene....so I cannot get paid by way of my debit or money card without a routing number? Hmmmm. I really need to keep all my banking electronic.

 

Marlene Burns

3 Years Ago

what makes you thinkpp is not electronic?? all electronic banking uses routing numbers....that how they know the name of your bank.

 

L C

L C

3 Years Ago

that may be true but I do not have the routing numbers......can they not just use the info that I have? Or is it easy to just ask for them and get them from the middle person that I talk to which is not the bank itself.

 

Marlene Burns

3 Years Ago

i would suggest you go sign up for an account t paypal and they will tell you exactly what they need
if you want money transferred from your pp account to your checking acount, they will have to have the routing number...which is printed on your checks.
there is no way around that.
if you don't want the money to be transferred, then you have other options...but go to the site and read their explanations. ;)

 

L C

L C

3 Years Ago

I have paypal......they were not able to answer my question either. I am sure I can find the answer I need. I just thought someone here may have had this issue and the answer more quickly. So no problem.....Yes!

 

Marlene Burns

3 Years Ago

ok, what exactly is the question? your routing number is printed on your checks...
tif you want money transferred, pp will need that number, your account number in order to transfer the funds.
any thing else?.

 

L C

L C

3 Years Ago

Marlene no problem it will get taken care of you dear soul. Its getting almost past our bed time.

 

Douglas Wilks

3 Years Ago

Then it has been decided that all FAA members have to sign up for Paypal?

 

No, there is no alternative yet but, there will be by next month, hopefully.

 

Debra Chmelina

3 Years Ago

I just opened my pp account recently. There is an option in the withdrawal menu that allows them just to send you a check in the mail. It costs $1.50 and takes 5 to 10 days. That way I don't have to worry about problems with freezing bank accounts and other security issues. Of course if you just sell one greeting card, it won't do you much good.

 

L C

L C

3 Years Ago

thanks debra for sharing

 

Xueling Zou

3 Years Ago

I've received FAA payment into my Paypal today. No issues:-)! Hope everyone else has done the same:-)!

 

Debra, I did not realise PP did that. Thank you for sharing as it will help me answer questions. Appreciated.

 

L C

L C

3 Years Ago

No problem....my paypal is set to go. Just had to do a little research......

 

Marlene Burns

3 Years Ago

beth, it came up in sean's thread but people were too uptight about not wanting to sign up with paypal to listen!
for $1.50 per check, you can still get a check...but not from faa, from pp instead!

 

Ah okay, I actually missed something :-o

 

Sharon Talson

3 Years Ago

Apparently I have to pay a withdrawal fee for transferring from my pp account to my bank account if it`s less than $150. I`ve been reading here that FAA pays the fee, but when I go to do the transfer, pp wants to charge me a fee. Does FAA pay only for Americans?

 

FAA do not pay for you to transfer to a bank account. FAA pay the fees you would otherwise pay having money put into your Paypal account by FAA.

Ie there is a fee to be paid when FAA pay you, but FAA cover that cost for you.

 

Sharon Talson

3 Years Ago

Ahh!.. I see.. misunderstood... thanks Beth :-)

 

Carol Wisniewski

3 Years Ago

Beth,

PayPal told me there is a 2.9% charge to my account plus a $ .30 transaction fee IF monies,FUNDS are sent to my PayPal. How is this compensated for from FAA? Is it added to the money FAA owes me in the transaction?
Also there was suppose to be credited as per FAA's confirmation of payment for my sales that FAA paid my PP account on June15, 2012 at 1:59 pm. Well, I looked at my PP statement because I was not notified by PP of such transaction and I called PP Cust Svce, The rep on the phone said no such transaction of the monies from FAA has/or had occured. Told me the problem was with FAA. to get a hold of FAA...... SO NOW WHAT!

 

Carol, I am not in accounts and could not answer about payments until they are on tomorrow.

Please send the accounts question to Technical Support so I remember to ask them in the morning for you http://artistwebsites.com/contactus.html

When people pay money to someone else, they are asked in that transaction if they want to pay the fee, or allow the person receiving to pay. FAA pay the fee there and then.

 

Carol Wisniewski

3 Years Ago

I have emailed Tech Support at the above link, concerning this matter and am waiting to hear from them. Thanks for your help..Beth

 

Judy Kay

3 Years Ago

Regarding the 2.8 percent fee for selling originals. the best way to approach that is to calculate the fees and shipping costs and include it in your price. That way the potential buyer will not get overwhelmed with the added costs. You can include a statement in your bio that indicates that the prices include shipping and processing costs.

 

Carol Wisniewski

3 Years Ago

Judy,

I was not referring to "Original Painting" sales, but prints that are sold by FAA, but thank you for replying.

There is another issue at hand here, getting credit in my PayPal account after FAA had said that they sent it thru to my PayPal Account on June 15 and the commission hasn't shown up in PayPal Account and PP said no such transaction was recorded.

 

Carol Wisniewski

3 Years Ago

Just to let all know this has been satisfactorily resolved, thank you Beth for your help with this issue. Carol

 

This discussion is closed.