There are many people who will not take a paypal payment for a domain name sale, because it is so easy to do a charge back and as a seller you end up with nothing if a charge back is done. Paypal takes the money back and the buyer simply keeps the domain.

Well, since so many people us paypal, it is one of the easiest ways to take a payment. The problem is, you can not trust everybody by taking a standard payment. Well, I think I have the cure and most people likely do not even know about it.

Paypal Mass Pay. In order to do a Mass Pay, you have to have a Premier Account or a Business Account. When I signed up with paypal, I didn’t have to pay anything to have what would be considered an upgraded account. So if you have a Personal Account, Upgrade it to a Premier or Business account. It should be Free!

Now the way a Paypal Mass Pay works, is the funds have to be in your Paypal account. You can not use a Credit Card to make a Mass Pay. You can fund your  Paypal account threw your bank account only, which is the bank account you set when you signed up for paypal. To add funds, just click Add Funds from your My Account section in paypal. (takes 3-5 business days to transfer funds from your bank, to your paypal account).

Once you have the funds in your account, you can do the mass pay. (see how to below). The reason that I think a Paypal Mass Pay is just as safe as a wire transfer of using Escrow, is because a person can not do a charge back on a mass pay, because it’s considered Cash. There is a small fee of $1 or less to use a Mass Pay, but another Reward is the person who is getting the payment, get’s the Full Amount and no fees are applied. So if you send somebody $500, they get $500.

How To do a Paypal Mass Pay: Must have a Premier or Business Account with Paypal. (if you are unsure of your paypal account type, just log in at paypal. Near the top of the screen you will see Account Type: HERE or in your My Account Overview.

1.) You will first need to Create a file. I use Microsoft Works/Spreadsheet. (this will be used to upload to paypal later)

• In column A you will put in the Email Address of the person you are sending the money to.
• In column B you will put the Dollar Amount. If it is $100, just put 100 etc.
• In column C you will put the Currency. It has to be in all caps. So american dollares would be USD etc.

Then go to File/Save As. Put in a Name for your file. Then select Save Type As and choose Text & Tabs (.txt). It will not work if you do not select Text & Tabs. I always save it to my desktop, because it’s easy to find.

2.) Log into your Paypal account and scroll all the way to the bottom. You will see a text link that says Mass Pay. Click that. It should be second to the left next to Mobile.

After clicking Mass Pay after you logged in, on the second screen in the left tool bar, in the middle, you will see Make A Mass Payment! Click That.

You should now see a page that Says Mass Payment. Then 4 Sections. Attach mass payment file, Recipient Type, Email Subject and Note.

• First attach the file you created. Click the Browse Button and select where you saved your file. Select your file and click Open. You should be back at the Mass Pay page again.
• Recipient Type, you will select Email Address from the drop down box.
• Email Subject, is optional, but it’s nice if you put something here.
• Note. Again optional, but not a bad idea to put something.
• Click Continue
• On the following page, you should see the dollar amount and email address you are sending the money to. Paypal does charge a fee to use Mass Pay, but is never more then $1, so you will see that added. Another positive side to Mass Pay, is the person that get’s the money, will NOT be charged any fees for getting it. The will get the Exact amount you send!
• If everything looks correct on this page, then click Send Money! You have sent your Mass Pay!

 Jamie Zoch www.DotWeekly.com