With almost everything on the Internet nowadays, payment methods like PayPal have revolutionized our personal and business transactions. Signing up for a PayPal account is free. You can immediately have an active account as long as you provide a working email and some identification documents. In this article, we will be talking about the PayPal Goods and Services Feature and how you can manage your incoming funds as a common buyer or as business owners.
PayPal doesn’t charge you a fee when you use your account to receive money from your family and friend within the same country. However, if you use PayPal to pay for goods and services, you will be charged a small percentage!
In this post, we’ll explore:
What is the PayPal Goods and Services Feature?
The PayPal Goods and Services feature is about using PayPal to send, receive, and pay with funds. This covers all the methods of how money is being distributed within the platform across PayPal accounts. Two types of payments exist within PayPal. These include the following modes:
- Goods – This refers to items that are not bought from eBay and other merchants. But this still represents a physical and tangible product that you can buy.
- Services – This refers to intangible stuff like works performed by other people for you. This includes but is not limited to writing, SEO, web management, etc.
All of these have a corresponding fee when you process them through PayPal. Note that as uncomfortable as you are for PayPal’s way of business, remember that they are always a business entity. To thrive and continue these types of services, they need to find a way to profit from our end. We use their services and products, and we pay them for it.
How to Use PayPal Goods and Services
Using the PayPal goods and services feature is easy. All you need is an active PayPal account. Also, it would be best to get your account verified to lift off the withdrawal limit.
In case you do not know yet, PayPal will allow a basic and personal account to receive money without limits. But when it comes to funds withdrawal, you can only transfer money from your account to your bank account or other external recipients for a limited amount.
Getting your account verified on PayPal will be very beneficial for you. This is true, especially if you plan to charge for goods and services using PayPal as a payment method. We’re not talking about a business account. Just a simple PayPal premier account type will suffice.
Pay for Goods and Services
If you are already a PayPal verified account holder, then this should not be an issue. If not, you should get that fixed as soon as possible.
Here’s how to pay for goods and services using PayPal.
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Open browser tab
The first thing you should do is open a new tab on your web browser.
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Got to PayPal website
Go to PayPal’s official website and click on the “Log in” button.
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Log in
Type in your email and password before hitting the Enter key.
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Click on Send & Request
Once you see your account’s main dashboard, click on the “Send & Request” tab on top.
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Click on Pay for goods and services
On the next page, click on the “Pay for goods or services” button.
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Provide recipient detail
Now, you should type in the blank box the recipient’s email address, then click “Next.”
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Input amount of money to send
You will be directed to another page requiring you to input the amount of money you want to send.
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Add notes (optional)
You may need to add some notes if you want to send a message along with the funds.
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Confirm transaction
Once you are done, confirm and follow the prompts until you see the notification that the funds have been successfully sent.
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You’re done!
That’s it. The payment should appear on the recipient’s dashboard.
Request Payment for Goods and Services
Here’s the opposite of paying for goods and services. If you are the one who provided the goods and services, you can request the funds easily. Here’s how you can do it.
- The first thing you should do is open a new tab on your web browser.
- Go to PayPal’s official website and click on the “Log in” button.
- Type in your email and password before hitting the Enter key.
- Once you see your account’s main dashboard, click on the “Send & Request” tab on top.
- On the next page, click on the “Request from anyone” button.
- You will be redirected to another page in which you will need to type in the recipient of the request’s email address. Once you do, click on the “Next” button.
- Type in the desired amount you want to request, and then click on the “Request a Payment” button. You may add a message on the “Add a note” area if you want to.
- After you click on the “Request a Payment” button, you will see a confirmation about your request.
- That’s it. All you need to do now is wait for the request to get approved from the other end.
If you want to make sure that the request was successfully sent, you may check on the “Activity” tab next to the dashboard. Or you can see it on the summary of your activities on your account’s main dashboard. Right there, it will appear as Pending until the recipient responds or approved your requested amount of money.
This is probably one of my favorite features of PayPal. It is easy, quick, and comprehensive. But still, you know that you are safe and protected despite the simplicity.
Here’s a reminder for you. When typing for your recipient’s email address, make sure always to double-check the spelling first. You wouldn’t want your money going to the wrong person.
Conclusion
It’s simple to use PayPal’s goods and services feature. All you need is a PayPal account that is current. It’s also a good idea to get your account verified in order to remove the withdrawal restriction. This is definitely one of PayPal’s best features. It’s simple, quick, and thorough.
So what do you think of PayPal Goods and Services feature? Have you found any issues when you tried using it? If you do, let us know in the comment section. I’m sure many people using PayPal’s services, especially the new ones, would be eager to know. If you are curious about buyer protection, charge for payments, payment fee, services payments, business purchases, unauthorized purchases, international transactions, Purchase Protection or PayPal Purchase Protection, Money transactions, Fraud prevention or other queries, leave them in the comment section down below.
In case you have some questions and useful suggestions that you want to share with us, please leave a message down below. We would be more than happy to answer all your queries.
I’ve used Authorize.net for years as well, with varying degrees of success – they haven’t gone downhill in terms of quality. PayPal is more useful than a credit card processor, but there’s no substitute for a credit card processor. A credit card processor is more or less dead simple enough to be useful for a small business (it’s hard to tell how much you’ve actually gotten paid through this service) without any pain.
What I really like about PayPal (and other similar service providers) is that they are open to you – and you have the opportunity to do a bit more work.
This feels good to me! I was looking for something to do some business with (small and medium business) and am currently working with a startup on an international scale where credit cards cost a fortune each year and I can see a potential customer here and there, but I haven’t looked into Paypal to determine the legalities yet. Anyone know of something that would allow a payment processor to provide this type of service, I assume it’d be possible for them to partner with a bank to set up a payment system for a certain percentage of businesses that want it to work.