NEW! How to Send Money with PayPal Business Account | Step-by-Step Tutorial for Beginners

How to Send Money with a PayPal Business Account

In this guide, we will walk you through the step-by-step process of sending money using a PayPal business account. Whether you’re paying a freelancer, supplier, or transferring funds to a partner or another business, we’ll cover everything you need to know, including pro tips to avoid fees, keep your transactions secure, and manage your records effectively.

What is PayPal Business?

PayPal Business accounts are specifically designed for entrepreneurs, online sellers, and businesses of all sizes. They allow users to accept payments, send money, invoice clients, and integrate PayPal into their e-commerce stores. Unlike personal accounts, business accounts come with additional tools for tracking transactions and managing teams.

Logging into Your PayPal Business Account

To get started, log into your PayPal business account by heading over to paypal.com/business. Click on the "Sign Up" button if you don’t already have an account or the "Login" button if you do. Once logged in, you will be greeted with your dashboard.

Sending Money Using PayPal Business

1. Accessing the Pay and Get Paid Option

   • Once you are inside your account, look for the "Pay and Get Paid" option. Click on it to proceed. Note that you may need to submit documents to unlock additional features, including the send money option.

2. Finding the Send Money Option

   • If the "Send Money" button doesn’t appear on your dashboard, click on the "Pay and Get Paid" button again, and navigate to the "Make Payments" category. Here, you will find the "Send Payments" button.

3. Entering Recipient Details

   • You will be directed to a page where you can fill in the recipient’s details. You can enter their name, username, email address, or mobile number. If you already have saved contacts, click on the "Show All Contacts" button to select the recipient.

4. Selecting the Amount and Purpose

   • After entering the recipient’s information, input the amount you wish to send. Make sure to note that the recipient’s expected amount may differ based on currency conversion. Enter the reason for the payment as well.

5. Choosing the Currency

   • If needed, you can change the currency before sending the payment. PayPal Business supports various currencies like the British Pound, Euro, and others, depending on your transaction requirements.

6. Choosing Payment Type

   • On the review screen, choose between “Goods and Services” (which provides buyer protection but includes fees) and “Friends and Family” (which avoids fees if you trust the recipient). Select the option that fits your transaction best and click "Continue."

7. Linking a Payment Method

   • You need to link a payment method if you haven’t already. You can either link a bank account or a credit/debit card. Fill out the necessary details and click the button to link your payment method.

8. Reviewing and Sending Payment

   • Before finalizing the transaction, double-check all the details, including the recipient, amount, payment method, and purpose. Once you’re satisfied, hit the "Send Payment" button.
9. Confirmation and Activity Tracking
   • You will receive a confirmation email for your transaction, and you can track it under the "Activity" tab in your dashboard.

Setting Up Automatic Transfers

For those who frequently send money to the same recipient, consider setting up automatic transfers:

1. Navigate through the "Pay and Get Paid" button to the "Wallet Balance" option.
2. Click on "More Actions" and select "Setup Auto Transfers."
3. Link your bank account and specify the frequency of the transfers.
4. Click "Turn On Automatic Transfer" to complete the setup.

Tips for Reducing Fees and Enhancing Security

• Minimize Fees: To reduce processing fees, always send money from your PayPal balance or linked bank account.
• Use Payment for Goods and Services: For proper records and buyer protection, always opt to pay for goods or services.
• Enable Two-Factor Authentication: Enhance your account security by enabling two-factor authentication.
• Documentation: Always document payments for proof and protection, avoiding sending large amounts without confirmation of service.

Conclusion

Now you know how to send money from your PayPal business account safely and efficiently, whether for paying freelancers, sending invoices, or managing business transactions. PayPal makes the process fast and convenient. If this guide has helped you, consider subscribing for more tutorials, and feel free to comment below with any questions or requests for additional PayPal features.