Every internet marketer knows that Paypal can be very fickle in closing down accounts. Keeping your Paypal account is important if you want to earn money online, particularly with the amount of time and trouble it can be to create a new account with them.
Most of the case is, if you are promoting products for instant commissions then you need to have a Paypal account. No choice.
You have to make sure that you follow all of their rules and regulations and stay on the right side of the line in order to keep your account active. A small tip for you, "it is always worth having an alternative Paypal account and accounts with other payment processors just in case".
Firstly you need to realize that Paypal are very hot on fraud and will shut down an account or stop a transaction if there is anything even vaguely suspicious about it. So you need to ensure your online business is above board.
Tip#1: A lot marketers do not know that if they are about to do a big promotion and are expecting a lot of money to come in to their account, they actually need to speak to Paypal and forewarn them. If they suddenly see a lot of money come into your account, they are likely to freeze your account due to "fraud". Yes, I know it is legitimate money, but they really don't care and will shut you down because it appears to be unusual. Hence, you must require certain time to contact them. Paypal will record your conversation on your account notes.
Tip#2: The high refund rate can cause your Paypal account been shutdown, hence you need to make sure it. Hence you need to pick a good quality product in the first place. If you get too many refunds particularly if the payments are directly into your account, then you better choose another product to avoid your Paypal account get shut down.
Tip#3: In case of emergencies, it is also worth to have a backup by having both accounts, a business and personal account (which is allowed by Paypal). Also record any specific settings you have made in IPN or anything else to get any of your sites working. Keep track via a spreadsheet of which sites you are using with which Paypal address to make sure there is no confusion.
Tip#4: Do not leave any large amounts of money in your Paypal account. I advise you to withdraw it so as soon as it reaches an amount that is good for you, get it into your bank account. That way you aren't going to become a victim of these horror stories who have lost tens of thousands of dollars when Paypal froze their account.
Tip#5: It's also recommended to set up a bank account without an overdraft specifically for Paypal. Withdraw your money from Paypal to this account and then move it again to your personal account. This benefits you in two ways. Firstly it means that Paypal can't help themselves your money on a whim. It also means that you will not lose any major amount of money when your Paypal account get hacked.
Lastly,as long as you adhere to their rules and you are sensible about your approach to business, then you shouldn't have any issues with Paypal. A Paypal account though is very important for Internet Marketers and you will need one if you really want to make money online!
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