
What is PayPal Credit?
PayPal Credit is PayPal’s credit line program. This program is similar to a virtual card, but it can only be used for online payments on sites that accept PayPal. PayPal Credit allows you to defer payments, just like a credit card.
PayPal: Why Use It?
Secure transactions
Merchants may sometimes access your payment information if you use your credit or debit card to pay online. PayPal adds a security layer by ensuring that merchants do not see sensitive data. PayPal uses many features to protect accounts. These include end-to-end encryption, two-factor account logins, and email confirmations for transactions.
Convenient and easy
PayPal is the fifth most widely accepted payment method after Visa, Mastercard, and American Express. It is also available at millions of online stores. PayPal allows you to pay with cards linked to your account without the need to type your card numbers again. You only need to remember (or save) your PayPal login details to make a PayPal purchase.
Is PayPal free to use?
PayPal accounts are free to create, and most online transactions and purchases are free. PayPal charges fees for some transactions.
Purchases subject to fees
Online purchases with merchants that accept PayPal are free of charge, provided there is no currency conversion. Foreign transaction fees of 3 percent to 4 percent apply for purchases made in foreign currencies.
How to send and create invoices through PayPal
You can create and send invoices using PayPal in just a few steps.
Step 1: Open a PayPal account for your business.
A PayPal business account is required if you plan to do more than create and print invoices. It’s free and straightforward to set it up. Go to the PayPal homepage, and click the “Business” tab. This will take you to the PayPal business page.
create a New account by click on the Sig in button.
Information about your business will be requested, including the name, address, and phone number. You will be asked about your business type, monthly sales figures, and whether or not you wish to sign up for the PayPal Business debit MasterCard.
PayPal will ask you about your sales and the purpose you wish to use PayPal. You can click on “Send Estimates and Invoices” to see the relevant apps. Click the button to create the tools.
Step 2: Create an invoicing document
After creating your free PayPal business account, click the “Get Paid” tab at the top. This will open a drop-down menu. Select “Create & Manage Invoices.”
Click that link to open the main invoice page. There are three options at the top: Estimates, Invoices, and Recurring Series. Click on the link “Create an Invoice” on the right-hand corner of the page to create your first business invoice.
You have three options in the drop-down menu right under the “Create Invoice tab: Create Recurring series, Create Estimate, and Send Batch Of Invoices. This guide will create one invoice.
Step 3: Input customer information.
Click on “Create Invoice” to enter the information of your customer. This includes the details of the person being invoiced, the amount due, the due date, and any discounts. Shipping costs and taxes are also included. Clickable links will allow you to customize the fields and send the invoices to multiple clients. You can also add a payment option. Customers can choose to make partial payments or set a minimum amount.
You can also add instructions or upload files and attachments to the “More Options” tab.
After you fill in the information for your invoice, save a draft.
Step 4: Preview your invoice.
You can preview the invoice after you have completed it. What your customers will get is what you’ll see.
Step 5: Send your invoice.
You have many options once you’ve viewed your invoice. Edit it, save it as a draft, and send it to yourself by email. You can also create a link to share, print it, or download a PDF that you can mail.
PayPal will send you an invoice and confirm that it was received with a green message at your top screen.
Small business owners who want to send recurring invoices to multiple clients at once should add all their customers to the address list in PayPal. This makes it much easier to do what is already simple.
Conclusion
PayPal is the most used online payment and invoicing platform for freelancers and SMBs. You can quickly create professional and customizable invoices using its pre-made templates. You only pay transaction fees, and it’s free to use.