PAYPAL: HOW TO RECEIVE PAYMENTS (FUNDS) VIA PAYPAL IN NIGERIA OR ANY OTHER COUNTRY

This aim of this article is to teach everyone how to pay and receive money through Paypal. This is one of the safest methods of sending and receiving money from anyone, anywhere around the word. You can use Paypal to receive payment from an advertize, customer or any body who wants you services online. You can also use it to pay bill (i.e buy things online) 

This is one of the frequently asked questions about Paypal Account....... See one sample question and answer below;


Question
Recently I got registered on Paypal. Now in case i want to receive money from anybody then what should i give them related to my account, as Paypal doesn't provide any account number or reference number. How can the transaction will be made? Please explain the process involved!


Best Answer
The person sending you money has to have a PayPal account... They send money to the email address you registered with PayPal...

Other Answers
All they need is your email address. the enter that in the 'TO:' field and then they enter the dollars in the 'Amount' field. Press send and it's on it's way to you. Then once you receive, you can withdraw to a bank account or credit card account. Email address you used to sign on to Paypal is what they send it to. Using Paypal, they enter your email address and voila.

EXPLANATION 1:

How to Receive Money using Paypal
When your site visitor uses the PayPal button on your web page to send you a payment and completes the transaction, you will receive a notification email at the email address associated with your PayPal account (you'll enter this email address when you sign up for your PayPal account and when you create each PayPal button on your site). This notification email will contain the transaction details, including the payment amount, the name and email address of the person who submitted the payment, and associated item information, if applicable.

The payment funds will be credited to your PayPal account and remain there until you withdraw them or send the funds to someone else via PayPal. To view your account balance and retrieve funds, you'll need to visit the PayPal web site and sign in using the email address and password associated with your account. To withdraw funds from your account to your bank, select the "Request Money" tab on your PayPal account page and follow the instructions provided. You can learn more about withdrawing funds in the PayPal help center.

Important note: Funds sent to you via PayPal buttons will be delivered to the email address you specify when you create the PayPal buttons and remain in your PayPal account until you withdraw the funds to your bank account or use PayPal to send money to someone else. Please be aware that these funds will not be delivered to your Yahoo Web Hosting or Merchant Solutions account.

EXPLANATION 2:
 
Using PayPal: Receiving Funds
If you want to use PayPal to receive money, you have a range of options available. If you give someone the e-mail address associated with your PayPal account, that person can send you money from their own PayPal account. If you're selling items on eBay, you can select PayPal as an option for accepting payment through eBay. If you're selling from your own store or Web site, there are a number of options available for completing sales transactions with PayPal, including the following:

    Adding a PayPal "buy now" button for each item you want to sell
    Integrating a PayPal shopping cart with your Web site using the PayPal application programming interface (API)
    Accepting payments offline or off-site to process later using PayPal's Virtual Terminal

When you're signed in to PayPal, click the "merchant services" tab to see all the options available to you as a seller. Cost and availability of these services depend on which Web site payments type you've selected for your account. You'll have the "standard" type by default as a recipient, but you can upgrade to the "pro" type for a $30 monthly subscription fee. Merchants with a moderate to high volume of transactions each month should choose the pro type to avoid some of the fees commonly charged by other payment processing services, such as gateway and downgrade fees.

From the merchant services page, you can select the wizard tools to set up new "buy now" or "add to cart" buttons for your site. This generates code you can simply copy and paste into the HTML for your Web pages. When a buyer clicks one of these buttons, your site links to a shopping cart at PayPal's site to complete the transaction. This takes the burden off you, as a seller, of managing how that online shopping cart and checkout should look and function.

For more extensive integration, including hosting a PayPal-powered shopping cart from your own site, you'll need to use the PayPal API. If you're not savvy with computer programming or Web site development, this is a task you'll want to delegate to someone who is. See X.com for the technical details about the PayPal API and developing your site to integrate PayPal features.

Once you're set up to receive money, the burden is on you as the recipient to cover the transaction costs. PayPal charges its business and premier account holders a per-transaction cost of 30 cents, plus 2.9 percent of the transaction amount. If the merchant has a higher sales volume within a month, that percentage could drop to as low as 1.9 percent. PayPal also charges fees for exchanging between its 25 accepted currencies in international transactions. All these fees help cover PayPal's customer support and other services reserved for business and premier customers.

The last option shown above is accepting offline and off-site payments. This means you've taken the buyer's name and credit card information outside of PayPal. You can enter that information and process the transaction using PayPal's virtual terminal service. This tool is available from the merchant services page at PayPal.com. Unlike other fee-based services at PayPal, virtual terminal requires a subscription of $30 per month, or the equivalent of upgrading to a Web site payments pro account. The per-transaction costs mentioned above still apply in addition to this fee.

As a recipient, you can remove money from your PayPal account by making a withdrawal. These are your options for making the withdrawal:

    Transfer money to a bank account associated with your PayPal account
    Request that PayPal mail you a paper check for a certain amount
    Make purchases using a PayPal debit card

So far, we've covered how to send and receive money with PayPal and how PayPal accounts work. On the next page, we'll take a closer look at the challenges PayPal has faced and the continued controversy over its business practices.

Please note: The PayPal Buy Now and Donations buttons and PayPal's payment services are provided by PayPal, not by Martins Library. This help page is provided for informational purposes only, and Martins Library does not represent or warrant the accuracy or reliability of the information contained herein. Please consult the PayPal web site for all applicable PayPal terms, conditions, and fees associated with your use of PayPal's Buy Now or Donations buttons and services.

Sources:
Yahoo Web Hosting Help | - SLN20998 - Receive payments through PayPal
https://help.yahoo.com/kb/yahoo-web-hosting/learn-receiving-payments-paypal-buttons-sln20998.html

How can I receive money through paypal account ?
https://answers.yahoo.com/question/index?qid=20081110095845AAJno1h

HowStuffWorks "Using PayPal: Receiving Funds"
http://money.howstuffworks.com/paypal6.htm
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