10 Absolutely Useful PayPal Tips and Tricks You Should Know

PayPal Tips and Tricks

Today, over 150 million of Internet users are using PayPal to transfer and receive money through Internet. This number one electronic payment processor provides an all-in-one solutions for e-commerce business and it changes the world how to handle money in cyberspace.

However, to fully understand its TOS, plans, fees, account types and all features might take years.

Forget PayPal Help Centre, don’t bet on PayPal Support, here’s what we manage to compile to clear your doubts – 10 absolutely useful PayPal tips and tricks you should know. Details next!

1. How to Use A Credit Card with PayPal

You can use Visa, MasterCard, Discover, and American Express with PayPal. Plus, when you pay with PayPal, you don’t expose your credit card number to merchants.

Add A Credit Card to PayPal

  1. Go to "My Account" – "Profile" – "Add/Edit Credit Card".
    PayPal Add Credit Card
  2. Fill in your credit card numbers and enter the address where you receive billing statements for your card.

As part of the verification process, PayPal will made a small, refundable charge to your card to generate a 4-digit PayPal code (similar to a pin number) which you’ll need to complete verification.

How to Confirm Your Card and Complete Verification

  1. Check the description field of your credit card statement or bank statement (for debit card) for your 4-digit code (pin number) and the word ‘PayPal’ or ‘PP’. Some examples to help you recognise your code:
    PayPal Credit Card Verification Code
  2. Log in to your PayPal account again and go to your ‘Overview’ page.
  3. Click ‘Confirm my debit or credit card’ and enter your 4-digit code (1234 or 4321) to complete verification.

The small amount PayPal has charged you will be refunded to your PayPal account within 24 hours after you complete the process.

For your security, you can register a credit card on just one PayPal account at a time. You may, however, register several different credit cards on a single PayPal account.

2. How to Send Money via PayPal (Online Purchases VS Personal Payments)

PayPay Send Money

Send money via PayPal can be very confusing even though it is a convenient way to transfer money online.

How It Works

  1. Enter your recipient’s email address, which is their unique identifier (like a bank account number) in the PayPal system.
  2. Enter the desired amount and choose your currency.
  3. Select your payment type – either ‘Online Purchases’ or ‘Personal Payments’.
  4. Click ‘Continue’ – you’ll be prompted to log in to your account to confirm your transfer.

PayPal Fees

Online Purchases

To send money to pay for ‘Online purchases’ (goods or services):

  • Sender: It’s free to transfer money for the purchase of goods/service – regardless if your balance or credit card is used.
  • Recipient: Fees incurred for transferring the money will be charged 2.4% to 3.4% + $0.30 to the recipient. The standard rate for receiving payments for goods and services is 3.4% + $0.30 unless your receive more than certain amounts.

Personal Payments

To send someone money for ‘Personal payments’ (split an expense or repay a debt):

  • Sender & Recipient : It’s free to transfer and receive money when you use the balance in your PayPal account.
  • There are fees (3.4% + $0.30) when you use your credit card. You’ll be able to choose who pays the fee – either sender or the recipient.

Read more about Online Purchases VS Personal Payments.

3. How to Withdraw Money to Credit Card and Bank Account from PayPal

PayPal Withdraw Money

In Malaysia, PayPal offers 2 options for withdrawing funds from your PayPal account – bank account and credit card.

PayPal Withdraw Money

You can check the currency with PayPal supported currency converter before you decide to withdraw the money in your account.

Check this out for the minimum amount that you can transfer.

4. How to Top-Up PayPal Account (Malaysia)

Top-up is a PayPal feature which lets you transfer money from a Malaysian bank account to your PayPal account.

PayPal Top-Up

Go to "My Account" – "Top-Up".

Top-Up Using RHB Bank Account

PayPal Top-Up RHB

  1. Select top-up by using accout from RHB Bank.
  2. You’ll be redirected to a page to fill in your top-up amount. If you want to top-up US dollar, fill in the exact amount and click on "Recalculate" to update/refresh the total in Ringgit.
    PayPal Top-Up RHB
  3. After that, click "Proceed". You will be redirected to RHB online banking login page.
  4. Login your RHB online banking to confirm the top-up transaction.
    PayPal RHB Online Banking
  5. It will take up to 30 minutes for your PayPal account to receive the top-up payment.

Top-Up Using Bank Islam, CIMB Bank, Hong Leong Bank, Maybank or Public Bank

PayPal Top-Up Other Banks

For each top-up using other than RHB Bank, a fee of RM2.00 will be charged.

You may refer the steps above for top-up using account from other banks.

5. How to Integrate PayPal with Your Business

PayPal Merchant Services

With PayPal merchant tools, you’re able to integrate PayPal with your business as an all-in-one payment solution. It allows you to accept credit cards and PayPal account balances.

In short, there’re 3 powerful solutions to meet your business needs:

  • PayPal Website Payments Standard: Fastest way to set up online payment on your website and accept credit cards, debit cards, bank transfers, and PayPal. You don’t need programming skills, anyone can do it.

    website payment standard
  • PayPal Email Payments: A quick and secure way to request payment from your customers and accept credit card, bank, and PayPal payments online. You don’t even need a website—just email your customers a payment request that they can click and pay.
    PayPal Email Payment
  • PayPal as an Additional Payment Option: Add PayPal if you already accept credit cards online, and tap into PayPal’s 230 million accounts.

No setup fees and monthly fees required for each payment solution. However, in order to receive payment via PayPal merchant services, you need to pay a transaction fees from (2.4% – 3.4%) + $0.30 per transaction.

Read more: Compare Key Features of Each Payment Solution & Compare PayPal Payment Solutions

6. Merchant Referral Bonus Program

PayPal Merchant Referral Bonus Program

The Merchant Referral Bonus Program rewards you for bringing new businesses to PayPal up to $1,000.00 for each referral.

To start earning Merchant Referral Bonuses, you can:

  • Send your personalized referral link in an email
  • Put a referral logo on your website by copying the code provided by PayPal.
  • Incorporate PayPal referrals into your payment tools

Sign up for PayPal and start accepting credit card payments instantly

Your referral bonus is tied to the amount the merchant receives via PayPal’s Website Payment Tools or Send Money.

7. Account Types: Personal, Premier or Business

PayPal allows members to have one Personal account and one Premier or Business account. However, each PayPal account must contain unique email addresses and financial information.


  • Receiving funds from other PayPal accounts to personal PayPal account is free of charge.
  • Receiving funds from credit/debit cards to personal PayPal account involves higher fees.
  • Limited to withdrawing $500.00 USD per month.
  • Can only accept 5 credit/debit cards payments in a year.


Premier accounts are for members who will have a high transaction volume, need to accept credit card payments

  • Receiving funds from other PayPal accounts to premier PayPal account involves fees.
  • Receiving funds from credit/debit cards to personal PayPal account involves lower fees.
  • Can accept payment through credit cards without asking the payee to register with PayPal.


Business accounts allow you to do business under a company or group name, accept all payment types for low fees, and accept payment from customers without PayPal accounts.

  • Receiving funds from other PayPal accounts to business PayPal account involves fees.
  • Receiving funds from credit/debit cards to personal PayPal account involves lower fees.
  • Can accept payment through credit cards without asking the payee to register with PayPal.

It is possible to downgrade your premier/business account to personal account. Go to "Support" – "Request Downgrade".

8. Use Gmail as Your PayPal Account Login ID

PayPal Gmail

Gmail is highly recommended for registering a new PayPal account. Any email that claims to come from "PayPal.com" will be authenticated by Gmail.

If it’s a phishing email, you won’t even see the phishing message in your Gmail spam folder.

Read more: Fighting phishing with eBay and PayPal.

9. PayPal Sandbox

PayPal Sandbox

Sandbox is a set of tools and resources to enable developers and merchants to develop eCommerce web sites and applications using PayPal web services.

Use the Sandbox Test Environment to create and manage test accounts and their associated email and API credentials. You can also access valuable developer resources from Help.

10. Make Money with PayPal Money Market Fund

If you’re not going to spend your money in your PayPal account, you can earn some interest at PayPal Money Market Fund.

PayPal Money Market Fund

You can withdraw your money at any time. The money in your account earns interest until the date that you withdraw.

To begin with PayPal Money Market Fund, you need:

  • You need to be 18 years or older
  • You need a Social Security Number (SSN)
  • A PayPal Account
  • Balances in your PayPal account

However, just like any mutual fund, there are risks associated with investing in the PayPal Money Market Fund.


  • A PayPay calculator to calculate the cost of receiving a PayPal payment or reverse calculate what to charge to receive the amount you want after fees. Written by Ryan Olbe.
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