Affiliate marketers who do a lot of business using PayPal will find it imperative to protect those accounts at all costs. As we mentioned in this blog post, we recognized the importance of using a payment processing engine like PayPal from day one and most of our vendors utilize it to make money online daily. Here are some tips for keeping your PayPal account safe and avoiding any unnecessary setbacks during your affiliate marketing career.
Make sure you have chosen the correct type of PayPal account for your business. As your business dealings get more frequent and more substantial you will likely move up through the three types of accounts available: Personal, Premier, and Business. Be aware of what your needs are and choose accordingly.
Always stay in compliance with PayPal’s terms by familiarizing yourself with their very substantial list of Legal Agreements. This is not something you want to fool around with. PayPal is the most likely payment processor for your customers as well as your affiliates. Being forced to use something different can cost you a lot of money, so keep your business dealings with them legit.
If you know that you will be sending and/or be receiving a lot of transactions, say during a launch or a sale, it would be in your best interest to give PayPal advanced notice. Remember that PayPal is dedicated to ensuring both you and your customers are protected at all times and any unusual activity with your account could cause red flags to be seen.
Don’t let your PayPal account run empty or withdraw all your funds at once. A smart rule of thumb is to keep 10-15% of your sales volume in your account at all times. Just like a sudden influx of money can look suspicious to PayPal, so can an abrupt depletion of funds.
Handle refund requests promptly and correctly. Remember to only issue refunds through your JVZoo account. This may entail your having to request that a PayPal dispute be canceled by the person who is asking for a refund. When you are running a business online, it is almost guaranteed that you will have to deal with refund requests at some point in time. This article will give you ideas on how to handle them fairly without putting your PayPal account at risk.
Communication is key when it comes to working with Paypal. They have a huge responsibility when it comes to keeping their users safe. By being smart and avoiding the appearance of suspicious activity you will greatly reduce the likelihood of having your account suspended or frozen. Be smart with your online business dealings and don’t be afraid to reach out to PayPal’s customer support, either, which is excellent. Transparency in your dealings with them will yield an excellent business relationship that you will enjoy for years to come.