When you are into business, payment sources are one of the most important to look after. They enable you to send and receive money liable for your products and services.
So, having safety concerns while using them is genuine. You cannot avoid the fact that technology has evolved so much that people do take advantage and involve in scams.
With so many thoughts in mind, having to get started with a payment integration feels unsafe. That is why this article focuses on tips to buy and sell safely on PayPal.
When you follow and implement the tips shared, you will be able to maintain the security of all your transactions – sent and received.
What is PayPal?
Paypal is an online payment solution that lets you send and receive money safely. Whether you wish to make purchases or send invoices, PayPal has been the top choice of users in terms of transactions.
It uses your bank account, instead of a credit card for any payments. In fact, costly wire transfers are made easy with such a system. It charges you minimal and nothing at all at times.
9 Best Tips to Buy and Sell Safely on PayPal:
Here are some adequate tips for Sellers and Buyers using Paypal in day to day life.
Avoid Heavy & Risky Transactions
It’s advisable to not sell or invest in heavy products through PayPal. The reason is, that not all payment transactions are protected. In fact, if you are trying to send or receive gift cards, PayPal itself warns that fraudsters are able to track such transactions easily. That is why, as a seller, try not to deal in heavy and high investment transactions to avoid any loss.
Take Care of Business Authenticity
It is important to keep your customers updated on the legitimacy of your products and services. That means you must remember some key points while dealing through PayPal –
- Have labels to be put on product packaging
- Send order confirmation mails from the business name
- Accept transactions from accounts containing the company name – ensures customers of the authenticity
- Provide order tracking, delivery estimates and delivered status.
This will keep your business safe and increase customer satisfaction.
Maintain Proof of Delivery
As fraudsters are all around, we cannot expect to be highly secure on any payment tools. That is why it is recommended to maintain proof of delivery.
- Customer signature before handing over the product
- Password protection delivery – a code or OTP
- 24/7 customer support availability
Make Sure your Descriptions are Clear and Precise
Buyers like clear crystal product descriptions.
- Include photos and a thorough description of your item.
- Clear images reduce any language barrier.
- Also, make sure to explicitly express your return policy somewhere where purchasers can see it.
This will assist you in gaining customer trust and improving the user experience. Otherwise, your company may receive unusual negative feedback from customers.
You can also automate a few processes while dealing with products and services. This means you can connect important apps with PayPal and sync data between them.
For example, automatically send the delivery and tracking information via email when someone makes a purchase. Similarly, automatically create a contact in CRM when there’s a new order. That will help you create a better relationship with your customers and assist in responding to their queries.
In that case, you can try Integrately.
Integrately is a one-click integration tool. It offers 800+ automation with plenty of amazing features. You can connect any important or useful application for free and automate your workflow.
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Being a buyer, you may have to complete your profile and add bank account details while using the app. You cannot avoid these steps as you require them in making any purchases or payment transactions.
So, you are highly recommended to have your identity protected because identity crimes are immensely growing in the world.
PayPal lets you protect your identity by enabling two-factor authentication. That will keep you safe and try not to share any personal information – password, pin, otp with anyone.
Use a Strong Password
Use a password that is strong and includes at least 1 uppercase letter, 1 lowercase letter, 1 character, and 1 number. This will secure your account and protect it from malicious activities.
Avoid Making Heavy Transactions
Avoid buying high-end products that are expensive and are from countries that may take considerable time to deliver the product. Especially, if the company doesn’t seem to have enough reviews, proof of delivery or responsive support.
FAQs about PayPal
Is PayPal Safe to Use?
Yes, PayPal is safe to use if you follow some safety measures.
Is PayPal Safe for Sellers?
Yes, PayPal is safe for Sellers and Buyers if you follow the steps to use it safely.