PayPal is one of the most popular and recognizable online payment platforms. According to Statista, there are over 390 million PayPal accounts worldwide as of 2021.
PayPal is one of the most established and used digital payment systems. When it comes to global payment, you would like to agree with me that no solution does it better than PayPal.
Paypal is simply an online financial service that enables you to pay for items using a secure internet account.
You simply add your bank account, credit card or debit card details and whenever you pay using PayPal, you can choose which of your cards or accounts it pays with.
You agree with me that one of the ways by which most online platforms make a payout to creators is with the use of PayPal.
Top affiliate networks like Partnerstack and many others require that you use a PayPal account when checking out on their platform.
Do you want to know how you can make money as a PayPal user? This article has been written to help you answer that question.
What is PayPal?
PayPal is an online payment system headquartered in the United States that enables individuals and businesses to send and receive money securely.
When linked with your bank account, debit, or credit card, PayPal can also be used to make e-commerce purchases. It’s accessed via the web, mobile app, or in-person, and serves as the middleman to keep your bank data secure.
Paypal is not available to every country in the world but can be made possible if you follow the requirement in this article.
Why Do you need a PayPal Account?
PayPal works as an intermediary between you and a bank. A user adds a bank account or credit/debit card to the PayPal system and whenever they’re making an online payment, they can select which account to debit. All transactions are processed through PayPal, instead of your bank.
Money received via your bank or another third-party platform will sit in your PayPal account and can be used for e-commerce, point of sale (with a PayPal card), or transferred to your bank account.
Here are some of the reasons why you need a PayPal account.
1. PayPal Supports more than 100+ currencies.
PayPal supports receipt of 100+ currencies, withdrawals in 50+ currencies, and balance holdings in 25+ currencies
2. It’s easy to set up.
Setting up PayPal is very easy. First of all, you need to create an account, which only takes a few minutes. All you need is a valid email address, business address, customer service contact details, and a bank account.
You will need to enter the bank routing number and your bank account number when asked to verify on the platform.
You can use a personal or business bank account when creating a PayPal business account depending on what kind of business you want to run.
3. It offers other banking services.
PayPal has developed more banking services than just online payments. It now offers ATM services, debit cards and credit cards.
The debit card also withdraws funds from your PayPal account. Both PayPal debit and credit cards are part of the MasterCard network allowing anyone to carry them like a digital bank.
4. PayPal is mobile.
Another advantage of using PayPal is the fact that it comes with a mobile app that can be downloaded on Google play and IOS phones respectively.
The app is free and works with PayPal’s smart card reader. Your mobile device connects to the smart card reader via Bluetooth.
5. Paypal does not come with a huge service charge.
There is no charge to create or have a PayPal account. Fees are only charged when you make a sale: You are charged 2.7% of every transaction made through your website or past and saved transactions in your store.
If this is an in-store entered or scanned transaction, the fee is 3.5% + $ 0.15. Additional fees may apply if payments originate from outside the United States.
PayPal can deliver funds to your bank account: it normally takes one or two business days to transfer funds from your PayPal account to a linked bank account.
Then you can immediately access the funds in your account using the ATM or debit cards.
How Do you Make Money With PayPal?
Some of the best ways to earn free PayPal money include using online survey sites, shopping and even building a business with it.
Typically, you’ll need to sell something or provide a service in exchange for a PayPal deposit.
Here are a few ways to make money using PayPal.
1. Start an Affiliate Marketing Business.
Affiliate marketing is where you promote another company’s product or service in return for a commission on the sales you generate.
Commissions are typically a percentage of the sale price, but can occasionally be a fixed amount.
With affiliate marketing, all you need is a website.
Even if it doesn’t work out, all you’ve wasted is time and a little bit of money. You need to promote an affiliate program, and one of the ways you receive payment is through PayPal.
I wrote a comprehensive guide on how you can start an affiliate marketing business and make money. Check out the link to the article to learn more.
2. Start an eCommerce Business.
Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and also the transfer of money and data to execute these transactions.
Starting an eCommerce business is relatively easy because all you need is a website and something to collect money with as soon as your customer completes an order.
This is where the use of PayPal comes into play, PayPal allows you to collect money from your customers when they complete an order on your website.
I wrote a comprehensive guide on how you can start an eCommerce business and make money. Check out the link to the article to learn more.
3. Do Online Surveys.
Online surveys remain one of the most popular data-collection sources, where a set of survey questions is sent out to a target sample and the members of this sample can respond to the questions over the world wide web.
Respondents receive online surveys via various mediums such as email, embedded over website, social media etc.
Organizations use online surveys to gain insights and feedback about upcoming products or services, change in marketing strategies, enhancement in current features etc.
Once you complete an online survey, you are rewarded with a little money and this is sent to your PayPal account.
4. Start Blogging.
You dont need to be a great writer to be successful as a blogger. People read blog sites to get a personal perspective on things, so most bloggers write in a very informal and conversational style.
In addition, you don’t need to be an expert on any of the topics you write about to have a successful blog.
Blogging is about sharing your knowledge with the world. Writing about things that you are passionate about makes the process of starting a successful blog so much easier.
Blogging exposes you to various monetization platforms such as Affiliate marketing, Advertising and many more.
The majority of these platform issues payout via PayPal. I wrote a comprehensive guide on how to start a blog and become successful at it. Check out the link to the article to learn more.
5. Become a Freelancer.
Freelancing is when you use your skills, education, and experience to work with multiple clients and take on various assignments without committing to a single employer.
The number of tasks that you can take just boils down to your ability to deliver. Freelancers need a way to collect money after their services have been delivered and one way this is achieved is with the use of PayPal.
I wrote a comprehensive guide on how you can become a successful freelancer. Check out the link to the article to learn more.
6. Go on Fiverr.
Fiverr is the leading marketplace for services starting at just $5. Lots of people buy and sell services each day on Fiverr These offered services are called “GIGS” on Fiverr.
You can find almost anything you need. People from all over the world visit the site to offer their services and expertise.
Fiverr collect and pays freelancers on its website using PayPal, you need a PayPal account to collect your pay on Fiverr.
I wrote a comprehensive guide on how to start a business on Fiverr. Check out the link to the article below to learn more.
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