User's Manual

Merchant User Manual and Integration Guide May, 2005 33
Getting Started
Managing Your PayPal Merchant Account
3
Smart Logos, or eBay Checkout Payments. Selecting this option may help you manage your
account, because all of the PayPal payments you receive will be attached to a specific item or
transaction that you previously defined.
If you choose not to block these payments, you will accept all payments, including those
initiated via the Pay Anyone subtab of the Send Money tab.
Blocking Payments Funded By Credit Cards When Sender Has a Bank Account
This preference allows you to force customers to pay you with a bank account or PayPal funds
if they are able to do so. However, if they cannot pay you using a bank account or PayPal
funds, they will still have the option to pay with a credit card.
This preference can also help to reduce your risk of chargebacks. Verified users are users who
have confirmed their bank accounts with PayPal, or have been otherwise verified by PayPal.
Because most Verified members have the option of paying with their bank accounts (via
eCheck or Instant Transfer), choosing this preference will not prevent any users from being
able to send you money. When they pay you with PayPal’s Instant Transfer, you receive the
payment instantly, just as when they pay with a credit card. Users who have not confirmed
their bank accounts with PayPal can still send you money funded from credit cards.
Blocking Payments Funded By eChecks
This preference allows you to block eCheck payments. Because eCheck payments take 3-4
business days to clear, you may not want to accept them for your Instant Purchase and Buy
Now buttons.
If you choose to block these payments, you will not receive eCheck payments through PayPal
Website Payments and Auction Logos. Users who attempt to pay via eCheck will be prompted
to add a credit card to their account before completing the transaction.
If you choose not to block these payments, you will receive eCheck payments through PayPal
Website Payments or Auction Logos. eCheck payments will be listed as ‘Pending’ and will not
be credited to your PayPal Account for 3-4 business days.
Adding the Credit Card Statement Name
This preference allows you to specify the name that will appear on your customers’ credit card
statements. When a buyer pays you by credit card, your Credit Card Statement Name will
appear with the word PAYPAL* next to the charge on the statement (e.g.
PAYPAL*MYCCNAME). The Credit Card Statement Name can be up to 11 English and/or
German characters in length, including spaces, and cannot contain special characters (e.g. &,
#, _, etc). This name will be converted to ALL CAPS, and may be truncated by some credit
card processors.
The Credit Card Statement Name should accurately reflect your business or legal name.