The very first anxiety in the minds of upcoming or newbie freelancers is about the payment. Although almost all these guys have heard about the term PayPal but for many of them, it is like “Latin and Greek”. PayPal is the most trusted name among the freelancers all over the world. Carry on reading further to know more about what PayPal is and how to sign up with PayPal.

What is PayPal?

• PayPal is a third party between you and your client that takes care of all the money related transactions of your online work at home business.
• It is one of the safest, fastest and easiest ways of sending, receiving and withdrawing money without exposing the details of your credit card, debit card and bank account to any merchants.
• Besides, you can use the services for practically all the purposes including online shopping.

How to Sign Up with PayPal?

• Signing Up with PayPal is absolutely free. However, you will have to pay charges at various stages depending upon the type of account and the type of transactions.
• For signing up with PayPal, all you need is a valid email address, which would be your login id.
• Besides the email address, you have to fill up an online form, giving your personal details such as address and contact number.
• Entire procedure is online, simple and quick. You can get started in few minutes.

Summing Up

Please note that I have no tie-up with PayPal or any other money transfer agents; however, most of the freelancers prefer to rely on PayPal for their work at home business. Besides, I have had an overall very satisfactory experience with PayPal during the last five years. Please read two more articles on PayPal to understand about various types of accounts, the transaction charges and how to withdraw money from your PayPal account to your bank account in India.

Make Money Using PayPal !

For most of the work at home freelancers, the biggest dilemma is about how to get payment from the global buyers. Well, it is true that freelance service providers like you and I ought to know how to receive the money even before taking up any job on freelancing sites. While receiving the money from overseas suppliers, security of Internet money transactions, theft of identity and online credit card and debit card frauds pose the maximum causes of worry.

E-Money or electronic payment processing is the biggest gift of modern technology. It wasn’t until the early part of twenty-first century that online jobs became popular among the service providers throughout the world. Western Union Money Transfer and Wire Transfer were regarded as the only reliable sources for the overseas Indian and Asian workers for sending their hard-earned money to their beloveds at remote places in India and Asia. However, for the online freelancers, nowadays, there are many alternatives such as PayPal, Moneybookers and AlertPay, among other, for the electronic money management.

PayPal is one of the most popular methods of doing business for the online freelancers all over the world. On the realm of freelancers, PayPal is considered as the safest alternative as a third party for sending, receiving and withdrawing money. It has a very user-friendly website with which you can safely perform all the Internet money transactions. Signing up with PayPal is easy. What you all need is a genuine email address. There are certain restrictions on sending and withdrawing money if your account is not verified by registering a credit card or debit card.

Sending money is generally free but the charges for receiving money into your account may vary with different factors such as geographical locations, amount and the type of account. As a thumb rule, the charges work out to around 4% of the transacted amount subject to a minimum of 0.3-0.5 dollar per transaction. Charges for withdrawing the money into your bank account would depend upon the amount. Besides, you have to pay an amount of the order of 3% of the exchange rate, if you want to withdraw money into the currency of your country.