How to Receive Cash Payments Online

••• computer image by Kit Wai Chan from

The Internet has greatly reduced the cost and time that it takes to send and receive money. PayPal pioneered the online payment industry and continues to be the best place for individuals to make transactions. PayPal started as a way for strangers to securely take part in private auctions and sales, allowing individuals who had never met to safely exchange money. Since then it has been utilized by small businesses, websites, nonprofits and freelancers to handle everyday transactions. It allows anyone with an email address and bank account to easily send and receive secure payments.

Choose an account. PayPal offers three types of accounts: Personal, Premier and Business. For most people, the Personal account is the best choice, as it has almost no fees on transactions. The upgraded accounts allow you to handle more money and make credit card transactions. Hold off on them unless you need one of these features immediately. You can always upgrade later.

Open the account. Fill out the account setup form as prompted. When you're finished, confirm your identity through the email address that you provided.

Link a bank account. Log in to your account and click on the "Add Bank Account" button in your profile. Fill in your bank's routing number and your account number.

Give the payee the email address that the account was set up with. One of the things that makes PayPal work is its anonymous nature; to receive a payment, you don't have to provide any actual account information. You'll receive an email confirmation when the payment is on its way.

Transfer the payment to your bank account. Click on "Withdraw" and select your account. The payment will show up in your account in a few days.


  • It's a good idea to confirm your bank account. Confirming an account verifies that all the account information is correct and allows you to make more transactions.