Tag Archives: payments
Editing Your PayPal Payment Receipt Settings
Every now and again we have a lesson to learn – the hard way. This past weekend I learned that while the majority of my clients will pay me instantly, some will occasionally attempt to slip an eCheck or slower method of payment into the mix. According to most of my contracts and agreements, this simply isn’t acceptable.
Imagine my surprise, then, when one of my clients – after weeks of quick payment – suddenly paid me via eCheck. The implications are rather far reaching. To make a long story short, eChecks have a 6-8 business day hold for clearance. This meant I would be at least 1 – 1 1/2 weeks behind financially and would be unable to pay the “team” working with me on this project.
My client was kind enough to replace the payment immediately but I couldn’t help but wonder if there was something I could do to avoid being forced to accept this less-than-desirable method of payment.
Fortunately, a fellow writer and Facebook friend quickly came to the rescue and gave me instructions on how to change my PayPal settings. So here’s what you need to do:
- Log into your PayPal account
- Go to your Profile
- Click on Seller Preferences
- Click on Payment Receiving Preferences
From here you’ll be presented with a whole list of settings you can update, including wehther or not you will accept eChecks (you can block eChecks for everything except for eBay).
It may be worth logging in and taking a look around, even if this is not a problem for you. You never know if or when you will have a payment issue.
