Paypal invoices can be a very safe way of doing business online. They provide buyer protection in their invoices which makes them safe to use. You won’t have to worry about not getting the product after paying the money, or vice-versa as Paypal protects you from that.
Even though it’s a safe medium, several scams still exist involving Paypal invoices. Let’s dive a little deeper and learn more about how PayPal invoices are safe and whether you should rely on them for your business.
Simply put, Paypal invoicing is an invoice system from Paypal that creates customized invoices with the billing details. They send these invoices to the customers with a link through an email.
Customers can open the invoice and pay through their cards, Paypal, or even credits from Paypal. As a seller, you have a much easier time with the payment process, and it’s much more professional.
Aside from the straight payment process, there are lots of other options with Paypal invoicing. There is an option to manage your invoices, keep track of their status and record the payments manually. You can do all of it from your Paypal account.
It doesn’t cost you any extra charges for sending or managing the invoices. The only fee you must pay is the regular payment processing fee during the transaction. There is also the option to integrate Paypal invoicing in your website using their Invoicing API.
Are Paypal Invoices Safe?
For the most part, Paypal invoices are safe due to the buyer and seller protection Paypal provides on them.
According to the protection, as a buyer, if you don’t receive the product or it’s a wrong product, then they will return the full amount of the item. This is eligible for almost any online purchase involving Paypal.
The protection works a bit differently for the seller. If a seller receives unauthorized payment or a buyer falsely claims not receiving the product, Paypal will pay for the product to the seller.
Both buyers and sellers will fall under this protection only if they use Paypal invoices for their transactions. Also, they will need to fulfill the eligibility criteria and provide the necessary documentation for the claims.
There are lots of reports out there regarding the fraudulent Paypal invoice. Usually, you will receive an email where they will send a link to a Paypal invoice asking for sensitive information.
To spot a fake Paypal invoice, you have to look out for some things in the email you receive. So, the first thing you do is read out the whole email. Then, check if it has the following things –
- Asks for money or your personal information
- The subject line will be a bit fishy.
- Doesn’t address you by name
- Any kind of spelling mistakes or grammatical errors in the email.
- Promises you some appealing rewards or sometimes talks about harsh penalties.
- There will be a bit of urgency for payments in these scam emails.
If the invoice email contains any of these things, you must be very careful. Before clicking on the link right away, make sure to verify its authenticity.
Whenever you receive a Paypal invoice in the email, it comes with a link. Once you click on the link, it should take you to a payment processing page where you will need to pay based on the invoice.
Now, if the invoice is legitimate, the whole thing goes under Paypal, and you complete a secure transaction. Also, a legitimate invoice won’t have the mistakes or flaws we discussed earlier.
On the other hand, with a scam email, they can contain a phishing link that will steal your sensitive information. Or the link can have a payment gateway using the Paypal interface, but when you make the payment, it’s just a scam.
Here’s an example of a scam email link’s appearance when you open it.
In this invoice, you can see the coin base spelled out in all small letters, whereas the “C” in the coin base should have been a capital letter. With scam links and invoices, there will be small issues like this which you will need to look out for.
The best response to any Paypal scam invoice is to avoid clicking the link in the email. Instead, You should go to your Paypal and check the bill’s section. If a seller has an invoice for you, it will show up there.
Paypal usually tries to protect most of its users from scams. So, based on that policy, they will refund you if you get scammed by someone. However, it has to meet all of Paypal’s conditions regarding scams and refunds.
Under the new Paypal policy, if you have paid in the family and friends method, you won’t get any refund for the scam.
You can claim a refund for standard payment scams. For that, you simply need to contact the Paypal resolution center or do on-site messaging.
Although, you don’t have to go through all this trouble if the receiving party didn’t claim the payment yet. In that case, you can easily use the cancel payment feature on the website and get your refund.
There are no charges for using Paypal invoices. However, if the customers pay online, then certain fees come with every invoice they pay. Here’s a table with all the fees –
|Invoicing||3.49% and fixed fee|
|Pay with Venmo||3.49% and fixed fee|
|Send/receive payment for services and goods||2.99%|
|Paypal checkout||3.49% and fixed fee|
|American Express payments||3.50%|
|Standard card payments||2.99% and fixed fee|
|Every other transaction||3.49% and fixed fee|
Well, these are the charges for domestic transactions. The charges for international transactions are a bit different.
One of the most important things you should know is that Paypal only provides buyers and sellers protection if you are verified. You can’t get protection and security from Paypal without a verified PayPal account.
Verifying a PayPal account can be a lot of work, so the better alternative is to buy a verified PayPal account. Merchantta might be the perfect place for you as they are trusted to provide 100% verified accounts.
When you apply for business PayPal account from Merchantta, they give you a lot of assurance with their real documentation. They provide an official email, login id, password, phone number, online access, bank, card, SSN, and passport.
All their verified accounts come with a guarantee of recovery, fast delivery, and all-time online support. Getting an account will make your life much easier than going through the troublesome verification process to get that extra security from Paypal.
There are several common questions a lot of people have regarding Paypal invoices. You should check out these questions, as they may clear out any confusion with the invoicing. Let’s get going.
The first thing to do is ignore any link in the email if you suspect it to be a scam. Then, you should contact Paypal support and report the scam to warn them about it for further safety.
Yes, it’s possible to pay a Paypal invoice even if you don’t have an account. First, you open the email with the invoice from Paypal and click the link. Choose the pay-amount option, and from there, pay with your card. That’s it.
Usually, the receiver, i.e., the seller, is responsible for paying all the Paypal invoicing fees. Paypal will automatically deduct these fees whenever you use the Paypal invoicing for any commercial merchant usage.
Yes, you can cancel a Paypal invoice if you want. All you have to do is head to your invoices list and look for the invoice you want to delete. From there, choose more options; you will find the option to delete the invoice.
As of now, you know how PayPal invoices are safe and how they work for commercial transactions. Everything depends on whether you have a verified PayPal account or not.
Also, having a business PayPal account can surely help you get extra security in your account.
Aside from that, you also get the idea of how you can spot fake invoices and scams. Once you figure that out, you won’t have any risks with the Paypal invoicing services.