Preparations

Before you start you need to think about how you want to receive money and process Payments. You can use e a regular bank account of course but for online, credit card and international payments, PayPal is a good addition. Opening a PayPal account is free, as is receiving money. You do pay a fee however when you transfer money from your PayPal account to your regular bank account. I try to prevent that as much as possible and I use my PayPal account whenever I can, for making international payments. PayPal is not available anywhere yet but the number of countries is growing. At the moment it is available in about 190 countries.

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Tip: PayPal also has an opportunity to earn some money. If you refer new users, you will earn 5% of their received payments over the first year.