Basic Accounting

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When my daughter asked me if I would be interested in helping her in her online business I jumped right on it. What a way to make some money. Then I thought okay, that’s great, but how would I get that money. She told me about PayPal.

She showed me the way to the site. At first I thought there was no way I could do this. It was easy to understand and simple to set up. I didn’t feel the least bit unsure about starting my account.

Next I began to wonder how I was going to be able to get my money. With the invoicing it was simple. I could just send a payment request to her and she could pay me for my time by sending it right to PayPal.

Okay, that was good but how in the world would I ever be able to get my money out? That was easy too. The have several options. I choose to have it sent directly to my bank account. They also have a debit card and a credit card program.

Not only could I receive and send money but I could pay for items and services through them. You can even pay for your eBay purchases. It just kept getting better and better.

My biggest concern though was the safety. What if other people could access my account or access the PayPal site and get to my money. No need to be concerned. PayPal is one of the safest money sites on the Internet. Everything you or anyone else does to your account is monitored. If something happens or something changes you are notified by PayPal through email immediately.

They also have a referral plan. Bring new business to PayPal and you can earn up $1,000.00 bonus. With over 100,000 customers worldwide that’s an incentive all in it’s own. You can’t beat it.

Criticism: This really isn’t a criticism because I know they are in the business to make money just like all the rest of us. They do charge a fee of 3% per payment to your account and they also charge for some of the ways to request your money. It can also be difficult to correct any problems with the security you may have. It is set up to be difficult, but if youre waiting to be able to get to your money it can be a little frustrating.

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