Paypal Users Guide

Introduction

Accepting credit and debit cards is easy with Paypal, no matter where your friends and family live. Contributors don't need a Paypal account and the payments are paid directly into you Paypal account. Paypal is a great way to pay for things or alternatively the money can be transferred to a bank account.

You must be over 18 to open a Paypal account, so a parent needs to open the account. They can then pay it into the bank account of their children (if they have one) or into their own bank account if they manage the money on their behalf.

Guests will be charged a transaction fee which is charged by Paypal and is added onto their contribution. If they have a Paypal account, they will be able to transfer money directly to parents Paypal.

Open a Paypal account

You can open your Paypal account right here.

 
 
 

Click "Sign Up" in the top right hand corner to create a Personal Account

 

 
 
 
 

Choose you country of residence and enter your email address and a password.

 
 
 

Enter some personal details.


 

You will want to open a Premier Account, so that contributors can use credit and debit cards to make contributions to savings goals. There is no cost for a Premier Account.

If you already have a Paypal Account and this is not a Premier Account then you will need to upgrade it.

 

Account Open

Once your Paypal account is opened, you will receive a customary welcome email. In this email you will find a "Confirmation Code".

Log into your Paypal account and click on the Notifications Bell on the right hand side.

Click on the link to confirm your email address and follow the instructions. 

 

Link your Paypal to HootLoot

Once you have set up your Paypal account, you will need to link it to HootLoot.

Log into HootLoot and in the Contributions panel of the Settings tab, insert the Paypal email address in the field provided. 

Click on the Enable Paypal button and enter your security password to effect the change.

 

Link your Paypal to a bank account

This step is optional as you are able to use the Paypal balance for purchases. We recommend it as it allows you to transfer the money received for your child into their bank account where it can at least earn interest.

To do this, log into your Paypal account.

Hover your mouse over the Profile button at the top of the screen

Click Add / Remove Bank account. 

Fill in the Bank Account details of the bank account that the money will be transferred into.

Review the screen to confirm the details are correct. If correct, click on the add bank account button.

 

Getting Verified

For added security all Paypal accounts must be verified. This will remove any limits that Paypal places on all new accounts and ensures you can transfer contribution money to a bank account without delay. 

You may need to provide some additional information in order to get verified.

When logged into Paypal, look for the for "To Do" notification on. This will tell you what you need to do in order to get verified.

One important step is to set up Bank Funding.

You will be asked to submit a Direct Debit form. Paypal will then make 2 deposits into your bank account.

When you can identity the amounts deposited, log into Paypal, click on the set up Direct Debit link and enter the amounts.

 

Withdrawing from Paypal to a bank account

In order to move money from Paypal to your bank account, click on the Wallet button at the top of the screen.

Then click on "Withdraw Moneyin the Paypal balance panel on the left hand side of the screen.

The next screen should detail your bank account. Simple enter the amount you wish to transfer and click continue.

It will take a few days for the money to arrive, so please plan ahead.

 

Phishing

Phishing is when someone pretends to be Paypal and tricks you into giving them your information such as log in details. They will use these to log into your account and hijack it. Phishers are very good at constructing fake emails that look like real emails from banks, Paypal and other similar services.

If you receive an email from Paypal (other than the original email to confirm your email address), we suggest that you don't click on any of the links. Instead log into your account the normal way and if there any notifications you will see them.

For security we recommend against clicking on any links within an email.

The Paypal website has more information on spotting a phishing email. If in any doubt, we suggest that you either contact Paypal or HootLoot.

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