PayPal: everything you need to know

Hi Nexans,

Just wanted to drop some PayPal knowledge on you to hopefully answer any questions that you may have.

TL;DR Version: We use PayPal email addresses to pay commissions; click here if you don’t already have one.

Our site allows great students such as yourselves to turn your hard work into a passive income stream – this means that your notes are going to earn commissions which we need to pay to you. In our infancy, we looked at multiple payment options:

Screen Shot 2015-02-11 at 2.23.52 pm

Paul the payment sloth

  • Ca$$$h: Sure, cash is king and always will be, and it feels boss having it burning a hole in your pocket. Whilst we’d love to pay you in person, you’re all spread across the globe and we just can’t be everywhere. We promise that as soon as the technology is good enough, we’ll have mafioso-style envelopes of cash dropping to you directly from the sky. VERDICT: NOPE
  • Bank transfer: This option sounds straight forward but there’s too much room for error. If you give us one wrong number, or the trained sloth we have in the basement hits the wrong button, there could be an error which leads to a delay, and that’s the last thing we want. VERDICT: NOPE
  • Cheque/Check (depending on your preferred variety of English): We tried this, it didn’t work. VERDICT: NOPE
  • PayPal: It’s fast, easy, secure and trusted. 157 million people can’t be wrong! Once you create an account, we can simply pay you with your email address, which means we never see your personal banking details. Furthermore, you can access your funds as soon as you accept the payment! VERDICT: BEST OPTION

So that’s why we chose PayPal. Ease, speed, security. If you haven’t got one already, you can sign up for an account here. There is also endless information on their site about how all their processes works.

Some other questions you may have.

How do we send you the monies?

  1. Sending money with PayPal is easier than using cash, writing checks, or a bank transfer. To send you money, all we need to know is the email address that you have used for PayPal.
  2. We send you an email that lets you know your commissions are waiting for you.
  3. To access your monies, you simply log in to your PayPal account.

What/who is PayPal?

PayPal is an American, international digital wallet based e-commerce business allowing payments and money transfers to be made through the Internet. PayPal is one of the world’s largest internet payment companies and was bought by eBay in 2002.

Is it secure?

Safe as houses my friends. PayPal uses industry-leading technology to keep your information secure.

When we send you a payment, we don’t see your financial information, like your credit card or bank account numbers. You’re also 100% protected against any unauthorised payments that might be sent from your PayPal account. You can read more about it if you want.

Seriously, how do I physically create an account? Walk me through it, I don’t do the interwebz:

If you’ve managed to make it as far as this post you should be fine, but just in case, here’s how to sign up for a PayPal account:

  1. Go to the PayPal website and click Sign Up at the top of the page.
  2. Select the type of account you would like to open, “Personal” or “Business.” (We recommend “Personal)
  3. Select your country.
  4. Enter your email address and choose a password.
  5. Click Continue.
  6. Fill out the form and enter the CAPTCHA.
  7. Confirm that you’ve read the PayPal User Agreement and click Agree and Create Account.

Now that the hard part is over, all you need to do is decide the best way to waste your hard earned cash!

As always, if you  have any questions on the above, don’t hesitate to contact us. Or better still, contact PayPal directly.

2 Comments

dangersloane

Hi Nick,

Thanks for your comment. I’m not sure what you mean by asking why we chose Paypal, the benefits have been explained in detail in the post above.

Paypal allows us to do Mass Payments, meaning that we can pay hundreds of authors in one simple click so that you all get paid faster.

Thanks,

Richard from Nexus Notes

Nick Mowid

Is there anyway to avoid the PayPal fees that are associated with getting paid through here? You are already taking a % of the commission and then another % cut is going to PayPal? It sounds like that’s the real reasoning behind why you choose PayPal.

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