Setting up a Paypal account

This page is to help you navigate around Paypal and start an account so you can sell on Folksy. Many of you will be familiar with Paypal and may already have an account. It’s still worthwhile checking that your Paypal account is set up properly for Postage and PayPal Account Optional (see bottom of page).

What kind of PayPal account do I need?

In order to be able to sell on Folksy, you will require PayPal Premier or Business account so that you are able to accept payments. PayPal are now phasing out the old Premier account and so if you are setting up a new account, please choose 'Business'.

Paypal account types

I have an existing PayPal account, will this be okay to use?

To check which kind of Paypal account you have, or to upgrade, please log into PayPal and click on Profile > My Account Settings. If you have a Premier or Business account, you don't need to upgrade and you should be able to receive payments from your buyers on Folksy. If you have a Personal account, you will need to upgrade to a Business account.

Setting up a new Paypal account

1. Go to the Paypal homepage and click ‘Sign Up’
2. Select 'Business account' under 'Choose an account that suits your needs'.
3. Enter your information on the sign up form and click 'Agree and continue'
4. Select your Business type
5. Enter your date of birth and home address
6. On the 'Payment options' page, select 'With Online Invoicing' and click on 'Continue'
7. Click on the 'Account set-up' tab to verify your email address and link your bank account. You will then be taken to a page telling you that 2 small amounts will be deposited in your bank account, this is so Paypal can confirm that this is a genuine bank account, this will Verify your account to buyers. You will have to wait 3-5 days to complete this verification.

In the meantime you will be taken to your account page, note the account type under the ‘Welcome’ heading, it should say ‘Business account’, it will also say ‘Status: Unverified’

You will also be sent an email to ask you to activate your PayPal account.

Lifting Limits

Firstly, you need to increase your account limits. For more information on this, see the help section. You need to be logged in to see this page.

Completing Verification

Once the two small amounts have been deposited in your account you can complete the verification procedure. to do this you must login to your Paypal account and either click ‘Get Verified’ next to your Verification status notice or ‘Complete Bank Setup’ in the ‘To Do’ section to the right hand side of your accounts page.

You then follow the on screen instructions to fill in the amounts that have been paid into your account and your account status will change to ‘Verified’.

Postage Settings

1. Log in to your PayPal account. This will take you to your Account page. If not, click on My Account (or the head icon) in the top navigation bar 
2. Click on Profile (or 'Profile and Settings' from the head icon)
3. Click on ‘Selling Preferences’ (left hand side of screen), and then click on ‘Update’ alongside ‘Postage Calculations’. This will take you to your Postal Calculations settings page.
4. At the bottom of the page it says:
“Miscellaneous – Allow transaction-based delivery settings to override profile settings (Optional)”
You need to check this box, so that PayPal will not interfere with the postage settings stipulated by the service you’re using (Folksy).

PayPal Account Optional / Allowing buyers to check out without a Paypal account

(RECOMMENDED)

To allow your buyers to checkout as a guest on PayPal (so that they can use a credit or debit card without logging into PayPal), you must enable this setting:

1. Log in to your PayPal account, this will take you to your Account Summary page. 
2. Click on 'Profile' and select 'Profile and Settings' from the dropdown menu
3. Click on 'My Selling preferences' (left hand side of screen)
4. Scroll down to ‘Website preferences’ (under the 'Selling Online' heading) and click on the 'Update' link alongside it
5. Scroll down the page and find ‘Paypal account optional’ and make sure this is set to ON
6. Click 'Save'.

That’s it, you’re done, and ready to begin selling your items on Folksy!

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