Joan Seara The Financial Guru

Bills are written statements by how much money is owed for items purchased and services provided. It must be paid in a timely manner. Thanks to the advanced technology of today’s generation in which we can now pay our bills Online unlike using traditional money transfers or any other modes of payment we known before. One of the most popular advancement is using an online business money transfer or payment system called PayPal. This is one of the easiest ways to pay Online.

With this Online payment system you can send money from your credit or debit card, transfer money to and from your bank account, and pay online bills. You must have an account first in order for you to use it. You must also obtain an online debit card for your account by signing up for a PayPal debit card. This is free to all PayPal account holders and setting it up is also just as easy. On your PayPal account page, you need to fill in your bank account information and PayPal will send you a debit card and assign you a PIN. The process may take a few days for your card to arrive. If you received your debit card and a PIN and are ready to pay your Online bills, you must first make sure that there is enough funds in your PayPal account before paying your bills. You can pay your bills through your PayPal account but keep in mind that it will use first the funds in your PayPal account and may withdraw any overage needed from your backup source. This back up source will be coming from your bank account for the extra money needed in any case of shortage.

To pay your online bills through PayPal, here are some simple steps for you to be guided accordingly:

• The First step is for you to organize your bills into the ones you pay in person, by mail, online and the ones that you have set up as automatic withdrawal.
• Second, pay as many bills locally, in person with your PayPal debit card, but be sure to use your signature for the payment instead of using your PIN so that you can receive the 1 percent cash back.
• Third is for you to pay as many bills online as you can, such as your phone bill, Internet services, auto and home insurance and any other utilities. There are a lot of companies now that offer this kind of payment method through their websites.
• The Fourth step is to call any companies which you have set up an automatic withdrawal payment plan and ask if they accept payments from a PayPal account.
• And Fifth, send any payments you pay through mail, if there are any. Some of these companies may have an option on the payment stub  where you can imput a credit card number and the expiration date.