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Wednesday, January 18, 2012

Setup PayPal Account to Receive FanBox Payment

As one of my good friend asked me how to setup PayPal account.
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For others, they might do or applied to PayPal differently (PayPal type which matched to their purposes). Well, what I will present here is the choice which I think it is enough to pay/accept some money using PayPal.


Here is how :-
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1. Go to PayPal.com  ==> "Signup"
2. Fillin all detail PayPal needs from you.
3. Choose PayPal account type ==> "Premier" (to enable you to get paid online  which type "Personnal" can not)
4. Verify Your account
5. "My account" ==> "Profile" ==> "Add/Edit Your Bank Account"  (This is where you put your domestic bank account to allow PayPal to transfer your money into)




Type Premier :

  • If you're looking to buy and casually sell online for non-commercial purposes, this is the right account type for you.
  • It's FREE to register and make payments. Low fees to receive payments.

Low Fee :

paypal withdrawal fee
It usually take between 3-7 days after your "withdraw" the money out from PayPal, before the real money go into your bank account.

  1. Free for banks in the US
  2. For outside the US , depends on the amount of the money you withdraw as follow :-
  • ฿5,000 or more ==> free
  • less than ฿5,000==> cost ฿50  (very cheap, $1 = ฿30  approximately)
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What to do when someone pay into your PayPal account?.
- login your PayPal account ==> "withdraw" (make sure that you did no.5 aboved!)

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Hope this a little bit useful for FanBoxers.
Dont' forget that PayPal has lots of conditions, this post is only a quick one , that I think it is just enough for you right now to be able to collect the money from buyers/FanBox.

PS:

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