Can I make a PayPal account if I'm under 18?
PayPal’s User Agreement does not allow account holders under the age of 18. PayPal asks for a birth date when you register.While you can manage make a PayPal account with false information, discovery can result in the closing of the account and loss of the funds in it. Because minors can’t enter legal contracts and you were not allowed to have the account in the first place, you won’t have any recourse to get your money back if things go this way.If you’re not discovered, but you are not able to Verify the account with matching banking information, the account will be subject to the sending and receiving limits. When those limits are reached, your account is locked to further use until you Verify.Consider what your goals are in the long-term so that you don’t back yourself into a corner.
Which one is best between Paypal or Payoneer?
If you are a blogger or an online marketer, chances are you’re using services like PayPal, Payoneer (25$ free at sign up) and/or direct bank deposits. If you are, read on to learn something interesting that may help you save money.Which service should you use? PayPal vs. PayoneerBoth of them have their advantages & disadvantages in certain scenarios. You should really choose which one to use on a case by case basis.Companies like Airbnb, Amazon, Google, and Upwork use Payoneer to send mass payouts around the world. The card is completely FREE and the yearly fee is the cheapest online.In a majority of cases, Payoneer will help you save money. But again, this only makes sense if Payoneer is a viable option.Example: Receiving $2,300 from the United States (going to India)PayPal:Every month I receive $2,300/month from a direct advertiser. Until last month, I used PayPal to receive the money. Here is the screenshot from my PayPal account:PayPal converted USD into INR before transferring the money into my local bank account. This is where PayPal used their own conversion rates (rather than the market standard) & I ended up receiving:$2,198.5 * 65.04 = INR 142,990Payoneer:With Payoneer, I received the complete $2,300 & the conversion rate was the market standard:Amount received into my bank account: INR 152,629The Difference:For receiving $2,300 from the U.S. to India, while using Payoneer, I saved about $142/transaction.In one year, that’s $1,704!$1,700 a year is indeed a considerable amount of money which I was otherwise losing by using PayPal to receive this money.ConclusionAs I said above, you should have & use both PayPal and Payoneer accounts.Whenever possible, you may want to consider using Payoneer to receive payment.Unlike PayPal, Payoneer offers services in select currencies. If you are receiving money in USD, Euro, GBP, or Japanese Yen, you should try using Payoneer & see if it helps you to save money or not.Payoneer.com (25$ free at sign up)
Accounting! Journalize the following transactions using the direct write-off method of accounting?
15. Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: Feb 20 Received $1,000 from Andrew Warren and wrote off the remainder owed of $4,000 as uncollectible. May 10 Reinstated the account of Andrew Warren and received $4,000 cash in full payment.
EBay, Paypal buyer protection experiences and stolen merchandise - Advice?
I would let the police handle this from this point forward. I would listen to eBay in this case, not Paypal. Since eBay knows that you've been in contact with the police about this item, they're not going to make you pay for it even if the seller files a non-paying bidder report against you. The seller can't leave negative feedback or do anything bad to your account if you don't pay. If you want to try to get the seller's address yourself, e-mail them and say that you don't have a Paypal account and that you want to pay for the item via a cashier's check. If they want the check bad enough, they'll give you a valid mailing address. Even if the address is a P.O. box, the police will be able to tell who rented it. If they refuse to give you an address, then tell them that you refuse to pay. If you pay for the item and try to file a complaint later with the credit card company or with Paypal, they may not reverse the charges and you could be out $1100. Don't send this thief any money. Give whatever information you have about the seller to the police and let them handle it. Good luck.
How to refer somebody on paypal?
There is a referral program but there are some hoops to jump through. When you get a new customer to sign up as a "Merchant" (Premier or Business account) you get 0.05% of their sales volume for a year, up to $1000 total. Click "Referrals" at the bottom of PayPal's home page for more info.
Why does it take PayPal 3 - 5 days to transfer money to my bank?
I personally don't believe this is anything more than a marketing decision to make it more appealing to leave your money in your PayPal account (thereby showing as an asset on Paypal's balance sheet), continue to earn interest as long as the money is stored under their control, and encouraging you to use their own branded Mastercard (which means they get the fees for use). They have a business interest in making it simply take so long.The reality is that financial transactions can be instant when they want to be. Banks and Paypal certainly can take my money out at the moment their MasterCard is swiped at a store.True story from a couple of weeks ago: I walked into a bank (not my own) to make a credit card payment because I had a Visa from there, and I gave them a handwritten check. I happen to check my own bank's checking balance not 10 minutes later, and the money was already deducted from MY bank -- because this other bank had scanned the check right there at the teller, read the numbers at the bottom, encoded it, and instantly transferred it from bank to bank. So banks and processors certainly CAN do this. Paypal simply chooses not to.