How Jamaicans can make money online – Setting up a Paypal Account

This article is the first in a series of articles on how to Jamaicans can make money online.

MICO Wars - How Jamaicans can make money online - Setting up a Paypal Account - 09-09-2015 LHDEER

In order to start making money online (Deer, 2013, September 12), you need the following things:

  1. Paypal Account as your main Payment Gateway
  2. Payoneer Account, an International US Bank MasterCard Prepaid Debit Card
  3. Scotia VISA Debit Card or CIBC First Caribbean VISA Debit Card
  4. Broadband Internet at home, be it FLOW, Digicel or LIME
  5. Notebook or Journal to keep Track of all your Online Accounts and Passwords
  6. Portfolio of Published Written Work on a blog or Website online i.e. Blogs, e-books
  7. A VPN (Virtual Private Network) Connection
  8. A Friend or relative living abroad

So I’ll start with the first part which the setting up your Paypal Account as your main Payment Gateway. After all, there is no point in making money online (Deer, 2013, December 17) if you cannot spend it in Jamaica as opposed to just spending it online.

How to setup your Paypal Account – Verification is key to online Transactions

For Jamaicans, being as we’re seen as a country with a potential for offshore banking and thus money laundering, our options are limited to the following:

  • Paypal
  • Payoneer
  • Prepaid Debit Cards

You create a Paypal Account, go to the Paypal website and set up your Account in your name.

Then follow the procedure and verify the Paypal Account using your Scotia VISA Debit Card (Deer, 2012, February 13) or CIBC First Caribbean VISA Debit Card. Paypal takes US$2 to verify your identity in order to allow your Account (Deer, 2013, September 16) to do financial transactions).

You can verify that this transaction has taken place as you’ll see a special four digit code reference to the Paypal transaction. If you have online banking with your Scotia VISA Debit Card or CIBC First Caribbean VISA Debit Card, you can verify this in real time without having to request a bank statement in person.

After seven to ten (7 to 10) working days, the money is returned to your Scotia VISA Debit Card or CIBC First Caribbean VISA Debit Card. At that point, your Paypal Account is verified.

Once verified your Paypal Account can be used to do online transactions i.e. purchase items online (Deer, 2013, September 15) and receive funds. Once your Paypal Account set up and verified, in the next set of articles, I’ll show you the next step, which the creation of a Payoneer Account for which the Paypal Account is required.

Here’s the link:

Paypal

References:

  1. Deer, L. (2012, February 13). How to use Scotia VISA Debit Card Online. Retrieved from http://www.geezam.com/how-to-use-scotia-visa-debit-card-online/
  2. Deer, L. (2013, September 12). How Jamaicans can Legally make US Dollars as Freelance worker Online – Jamaican Flexworking to make money from the Internet. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2013/09/how-jamaicans-can-legally-make-us.html
  3. Deer, L. (2013, September 15). How to ship things to Jamaica after you’re purchase them online. Retrieved from http://www.geezam.com/shop-online-ship-to-jamaica/
  4. Deer, L. (2013, September 16). How Jamaicans can set up a Payment Gateway in order to process Credit Card purchases – E-Commerce the main Catalyst for Increasing Jamaica’s Internet Penetration. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2013/09/how-jamaicans-can-set-up-payment.html
  5. Deer, L. (2013, December 17). How to receive Payments online and spend it here in Jamaica – If it doesn’t make spendable cash it doesn’t make sense to Work online or do E-Commerce. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2013/12/how-to-receive-payments-online-and.html

 

 

 

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