The Best Tax Software: Amazing Paid and Free Options

The prospect of tax season can easily overwhelm small business owners. Do you have all the required documents? Are you able to file your own taxes, or can you afford to hire a tax professional? Do you know what steps to take?

Fortunately, you don’t have to study a stack of business finance books to manage your own taxes, thanks to a variety of affordable tax preparation software options. Unsure what is the best tax software for your small business? We’ve broken down all the details about the top tax software companies.

Our Methodology to Choose the BEST Tax Software

Choosing the right tax software is critical for individuals and businesses alike, as it greatly simplifies the process of preparing and filing taxes. Here’s a guide to the criteria for selecting the best tax software, with each rated on a scale of one to ten, with ten being reserved for the most important factors.

1. Ease of Use (Importance Scale: 10/10)
   • User-friendly interface and navigation.
   • Clear guidance and step-by-step instructions.
2. Accuracy and Compliance (Importance Scale: 10/10)
   • High accuracy in calculations.
   • Updated with the latest tax laws and compliance requirements.
3. Filing Options (Importance Scale: 9/10)
   • Support for different filing statuses and tax situations.
   • Options for both federal and state tax filing.
4. Help and Support (Importance Scale: 9/10)
   • Access to tax professionals or customer support for queries.
   • Availability of resources like FAQs, forums, or tutorials.
5. Cost-Effectiveness (Importance Scale: 8/10)
   • Competitive pricing with clear value for the features provided.
   • Free versions for basic tax filing needs.
6. Security (Importance Scale: 10/10)
   • Strong security measures to protect sensitive personal and financial information.
   • Data encryption and secure storage.
7. Import and Export Capabilities (Importance Scale: 7/10)
   • Ability to import data from previous years or other financial software.
   • Export options for saving and transferring data.
8. Audit Support (Importance Scale: 8/10)
   • Assistance in the event of an audit.
   • Audit defense services are available, either included or as an add-on.
9. Efficiency and Speed (Importance Scale: 7/10)
   • Fast processing and quick e-filing options.
   • Minimal delays in completing and submitting tax forms.
10. Multi-Platform Accessibility (Importance Scale: 6/10)
    • Accessibility on different devices, including mobile compatibility for on-the-go filing.

Choosing the right tax software is a decision that holds profound implications for your business’s financial health. A careful appraisal of each of these aspects in relation to your business requirements will steer your investment in the right direction.

Best Tax Software

To help each of our readers select the best tax software, we’ve highlighted 11 of the most popular tax software products available this year. Based on your own tax needs, it should be simple for you to evaluate the details and choose your best option for filing taxes online.

H&R Block

Touted by experts as one of the best tax software options, H&R Block’s online platform offers multiple ways to file taxes, including e-filing and assistance from a tax professional. H&R Block’s streamlined user interface is simple to navigate, and the software features comprehensive explanations of every tax form, as well as step-by-step guides to help users navigate their individual tax situations.

Many users filing simple returns will qualify for the H&R Block free filing option, which includes the ability to import the previous year’s tax return from another provider. Those with more complex tax returns can choose from four paid tax-filing software tiers that cover more tax forms and offer additional features.

While H&R Block is known for the tax expertise provided by its in-person professionals, online tax filers also can benefit from the additional oversight. H&R Block’s online users can opt for a Tax Pro Review, in which a tax professional will review a tax return after an online user has prepared it, checking for errors or omissions.

H&R Block Pros

Trusted brand, free version for simple returns, expert assistance available to ensure accuracy.

H&R Block Cons

More complex pricing tiers and fewer free options.

 

TurboTax

Tax preparation starts with properly filling out a W4 form, and the TurboTax online tax software offers help from the beginning with its free tax withholding calculator. Of course, TurboTax does so much more than that. This online tax software has been cited as the best option for users with investment income since it helps report the sales of investment securities and funds earnings, as well as other investment services. TurboTax users can even import investing gains and losses from a variety of sources.

TurboTax offers a variety of tax-filing products, but they are not the cheapest options available. The service is free only for individuals with the simplest tax returns, which excludes freelancers, small business owners, and other taxpayers who need to report details from a 1099 form. However, TurboTax does provide free access for active duty military personnel, as well as reserve and National Guard members.

Regardless of the cost, TurboTax is one of the most popular tax software tools in large part because of its ease of use. The program’s question-based interface leaves users feeling as though they’ve just met with an experienced tax professional who knows all the right questions to ask.

Turbotax Pros

Free withholding calculator, great options for investment income, and easy-to-use interface.

Turbotax Cons

A more expensive option, only free for simple returns and military members.

 

TaxSlayer

One of the more affordable tax software options, TaxSlayer is popular among freelancers thanks to its range of affordable products for self-employed taxpayers. In fact, TaxSlayer’s most expensive tier for self-employed users costs just $55, and it includes live chat assistance from a tax pro and estimated tax payment reminders. Independent contractors with simple returns can even enjoy a free filing option.

TaxSlayer might not be the first option people think of when they consider tax software programs, but the product is based on tools used by accountants for more than 50 years, and it’s been a trusted provider of online tax preparation since the 1990s. Not only does TaxSlayer feature a thorough outline for common 1040-related topics, but it also includes a searchable database of help files updated for the current tax year, as well as plenty of other guidance.

While TaxSlayer receives high marks from users, tax filers should note that only the highest-priced tier includes tax advice and assistance from a professional tax preparer. However, all versions provide free technical support through phone or email. Nonetheless, TaxSlayer remains a great option for freelancers and small business owners looking for budget-friendly solutions.

TaxSlayer Pros

Affordable pricing options, live chat assistance, and a searchable database of current tax topics.

TaxSlayer Cons

Professional tax assistance is only available to the top-pricing tier.

 

E-file

Looking for tax software offering discounts and promotional pricing? E-file users take advantage of special offers throughout the year, making it a great option for budget-conscious tax filers. Plus, the online tax software is so easy to use that those with simple tax returns can file electronically in less than 15 minutes.

E-file’s basic interface allows users to import their prior year’s tax return, and it features a sidebar with guidance, tips, and support. The software saves users’ progress as they prepare their tax returns, and they can opt to either file taxes electronically or print and mail their completed tax returns. Users also can access additional phone or email assistance for a fee.

The E-file tax software offers free federal tax filing for simple returns and low-cost filing options for more complex tax returns. Keep in mind, however, that the platform offers full tax filing and does not feature additional support from a tax pro. Regardless, E-file is a great option for tax filers with more complicated situations who don’t want to pay a higher premium.

E-file Pros

Year-round discounts and coupons, efficient and easy tax preparation, and low-cost complex tax returns.

E-file Cons

There is no professional assistance, and the included free filing is only for simple returns.

 

TaxAct

A useful software product for small business owners and self-employed tax filers, as well as any other taxpayer, TaxAct features a variety of tools to assist entrepreneurs, contractors, and users with multiple income streams. In addition to various pricing plans for tax situations of various complexity, TaxAct offers a calculator that helps users estimate their taxes before completing any official forms. Plus, TaxAct even guarantees a maximum refund of up to $100,000.

TaxAct’s pricing tier for self-employed filers includes forms for freelance income, including the 1099-NEC, farm, and business income, as well as depreciation calculations. The same plan also covers stocks, the sale of a home, and rental property income. Plus, TaxAct offers free federal and state returns for all active-duty service members through the TaxAct military landing page.

Customer assistance really sets TaxAct apart from its competition. The online tax software provides every user, regardless of pricing plan, free access to its Xpert Assist tax assistance through April 7, including a free professional review of returns before filing.

TaxAct Pros

Affordable tools for self-employed filers, maximum refund guaranteed, superior customer service, and free professional reviews.

TaxAct Cons

State returns cost more, and poor audit support.

 

Jackson Hewitt Online

Many taxpayers who need to file multiple state returns choose Jackson Hewitt Online as the best tax software because it offers unlimited state returns for a single flat fee. In fact, for just $25, Jackson Hewitt online users can file as many state and federal returns as they need.

Of course, Jackson Hewitt is known as a trusted provider of tax services thanks to the multitude of pop-up shops that appear in shopping centers and other popular locations during tax season. But the brand also represents a robust software product that helps users file their taxes online from the comfort of their own homes.

Choosing to file taxes using Jackson Hewitt’s software doesn’t mean tax filers are on their own, however. The products feature comprehensive assistance from a virtual tax pro, as well as IRS audit assistance and in-person customer service.

Jackson Hewitt Online Pros

Trusted tax professionals to ensure accuracy, unlimited returns for one flat fee, and virtual tax assistance.

Jackson Hewitt Online Cons

Refund advances only for in-store customers, and promotes pricier products.

 

Liberty Tax

Looking for an alternative online tax preparation software product from a respected brick-and-mortar tax service? Liberty Tax software is a great option for taxpayers who trust the brand but want to save some money by filing their own taxes online. While it’s not as inexpensive as Jackson Hewitt’s online tax software, Liberty Tax features a useful review tool, and its mobile app lets users complete simple reviews on their smartphones.

Liberty Tax users appreciate the website’s quick loading speeds, as well as its simple and clean interface. Liberty Tax’s online software lacks, however, the state-of-the-art interface offered by TurboTax and other competitors. It also lacks much of their guidance, which could hinder taxpayers from entering the various income, credits, and tax deductions they might need.

The Liberty Tax product enables users to swiftly and easily import tax documents, providing a straightforward tax preparation experience. Taxpayers also have the option to file remotely by uploading copies of their documents and allowing a professional to handle the rest. Although the advice from tax professionals is somewhat limited, some expert assistance is still available.

Liberty Tax Pros

Useful review tool, mobile optimized, simple interface for ease of use, and remote filing option.

Liberty Tax Cons

Less guidance and fewer bells and whistles than competitors.

 

The Best Free Tax Software

Many tax software products offer a free version for a limited number of tax situations, or perhaps they promote a free federal return but expensive state filing fees. Still, some tax filers seek the best free tax software that truly costs nothing to file taxes.

Looking for an online software product that will help you file your taxes for free? Consider the following options.

 

FreeTaxUSA

FreeTaxUSA has been called the best low-cost software product, and for good reason. The online tax software offers free filing for all tax situations, including filing jointly and claiming homeownership, dependents, itemized deductions, self-employed income, investments, rental property, retirement income, and tuition program distributions. Because FreeTaxUSA does not offer in-person or phone-based customer support, it’s best suited for users who are more comfortable filing their tax returns with little or no assistance.

The FreeTaxUSA online software does, however, feature easy prior-year imports from TurboTax, H&R Block, or TaxAct. However, it does not include a document import feature, so users have to enter some information manually. Once returns are filed with FreeTaxUSA, they automatically are stored as PDF files for up to 7 years.

FreeTaxUSA is also a great tax software choice for members of the military since it helps them get the biggest available refunds. The software supports tax breaks such as combat pay exclusions, moving expense deductions, uniform deductions, reservist’s travel deductions, job search expenses, EITC for nontaxable combat pay, and others.

FreeTaxUSA Pros

Easy prior-year imports, free for all federal returns, supports military tax breaks.

 

Cash App Taxes

Formerly known as Credit Karma Tax, Cash App Taxes is quickly gaining a reputation as the best free tax software on the market thanks to its truly free tax filing service for both state and federal returns. The mobile tax filing product is a great option for users who are accustomed to tax software and don’t need one-on-one support.

Unlike many competitor tax preparation software options, Cash App Taxes does not use filers’ income to qualify for free products and services. Instead, it includes most major IRS forms and schedules as well as many other tax situations that other free tax software doesn’t support, including those for rental income and the student loan interest deduction.

Cash App Taxes’ mobile software includes an intuitive navigation tool that assists users throughout the tax preparation process. Additionally, the app saves time by enabling 1040 importation with its Smart File feature. Cash App Taxes also provides free audit defense and guarantees accurate calculations, meaning that if the service errs, users could receive up to $1,000.

Cash App Taxes Pros

Truly free federal and state returns, free audit support, and an easy-to-use interface.

Cash App Taxes Cons

Lacks one-on-one support and difficult to import investments.

 

TaxHawk

TaxHawk will once again offer free federal tax filing, as well as low-cost state filing. In fact, many tax filers who don’t qualify for free tiers with competitor tax software products might discover better prices with TaxHawk. Even after paying for state filing, many TaxHawk users save money compared to other services.

The TaxHawk tax software, however, is a bare-bones service that doesn’t include W-2 or 1099 imports. Being unable to import tax form PDFs for spreadsheets with investment data could create issues for users with complex tax returns.

Regardless, the TaxHawk software is easy to use and features a range of questions, as well as a quick navigation menu to guide customers through the tax filing process. While state returns cost $14.99, the free federal filing includes many options that cost money with competitors, including interest income, dividends, and self-employment income. TaxHawk even supports cryptocurrency trades, although users must manually key all the information.

TaxHawk Pros

Low-cost state filing, additional free federal options, and a quick navigation menu.

TaxHawk Cons

Only federal returns are free and have a bare-bones interface.

 

IRS Free File Program

A variety of tax filing software programs offer limited free versions of free filing to taxpayers in certain situations. However, one lesser-known program provides free tax filing with fewer limitations and restrictions. with the IRS Free File program, taxpayers with an adjusted gross income of less than $73,000 can qualify for free tax filing through a number of top tax providers. They also can complete free fillable forms to file through the IRS website.

IRS Free File partners include TaxAct, FreeTaxUSA, TaxSlayer, and a number of other tax software companies. While the program has entered its third decade, many taxpayers are unaware of the IRS Free File option, although the IRS estimates that as many as 70% of all taxpayers qualify for the program.

Free File Pros

Free federal returns for more taxpayers and multiple partners to choose from.

Free file Cons

Not available to taxpayers earning more than $73,000 per year.

Tax Filing Software Comparison Table

	Free Federal Efile?	Basic Tier	Premium Tier	State Returns
H&R Block	Yes	$25	$75	$19.95
TurboTax	Yes	$0-$119	$0-$119	$59
TaxSlayer	Yes	Free	$32.95	Free
E-file	Yes	Free	$37.49	$22.49
TaxAct	Yes	Free	$69.99	$39.99
Jackson Hewitt Online	No	$25.00	$25.00	Included
Liberty Tax	No	$45.95	$85.95	$36.95
FreeTaxUSA	Yes	Free	Free	$14.99
Cash App Taxes	Yes	Free	Free	Free
TaxHawk	Yes	Free	Free	$14.99
IRS Free File	Yes, if income is less than $79,000	Free	Free	Varies

What is the Best Tax Software?

The best tax software depends greatly on each individual taxpayer and their financial situation. How complex is your tax return? Do you have to complete multiple tax forms and claim a variety of deductions, or is it a simple return based on a single W-4 with a standard deduction?

Are you an educated tax filer who understands the information and has an idea of what to expect from your tax return? Do you know the various 1099 rules and deduction requirements? Or are you an inexperienced taxpayer who needs additional guidance?

Are you looking for free tax software, or are you comfortable with paying a modest fee? Keep the answers to these questions in mind when comparing the best tax software providers.

What is Tax Software, and How Does it Work?

We all hear plenty about the various tools, but what is tax software, and how does it work? The digital products offer users varying levels of guided help to file their federal and state tax returns.

In addition to helpful interfaces that assist tax filers with completing the appropriate tax forms, some tax software also imports tax forms from the IRS, locates tax deductions, and provides both expert tax help and customer service support.

While the exact process for each type of tax software will vary, most operate in a similar manner. Here’s how tax software typically works:

• User Interface and Guidance: The software assists users by leading them through a step-by-step process, clarifying which tax forms must be filled out according to their individual or business financial circumstances. It frequently employs a question-and-answer format, making it simpler and more accessible for those who are not well-versed in tax laws.
• Data Input: The user provides information from their tax documents, such as W-2s and 1099s. This may include details about their income, payments, deductions (like mortgage interest, student loan interest, business expenses, and health savings account contributions), and other relevant financial data. Some sophisticated tax software products can also import tax forms directly from the IRS or from other financial institutions to streamline the data entry process.
• Calculations: Once the data has been entered, the software automatically calculates the user’s tax liability or refund based on the provided information. It applies current tax laws, considers any available tax credits or deductions, and takes into account the tax filing status of the user (e.g., single, married filing jointly, head of household, etc.)
• Payment or Refund Management: If the user owes taxes, they can often pay directly through the software using their bank account details. Conversely, if the user is due a refund, they can provide their banking details for a direct deposit.
• Filing Taxes: After everything is complete, the user has the option to e-file their taxes directly to the IRS and state tax agencies through the software. Alternatively, they may choose to print out the completed forms and mail them in for a more traditional paper filing.
• Customer Support and Expert Assistance: Most tax software offers some form of customer service or expert tax help. This could range from FAQs and online forums to live chat support or even one-on-one consultations with tax professionals.
• Cost and Pricing Options: The price for tax software varies based on the complexity of the user’s financial situation and the level of assistance they require. Some platforms offer free versions for users with simpler tax situations, while others may charge a fee for additional features or more complicated tax situations.

In summary, tax software is a valuable tool that can help streamline the tax preparation process, increase accuracy, and save users time and potentially money by identifying all applicable deductions and credits. It’s a useful resource for both novices and experienced tax filers alike.

Why You Should Use Tax Preparation Software

Processing the taxes for your business doesn’t have to be too unpleasant when you have the right tools. But you have to remember it can go beyond just filing a W-2 for small businesses depending on your business structure. If you are among the millions of self-employed filers, there are several reasons to consider using online tax software or small business tax services when preparing your business taxes:

• Better time and money savings: The time you will save using tax software is huge. You can easily knock an hour off your prep time, if not more. This benefit is especially helpful if you have to file Schedule C and other forms.
• Ease of use: All the programs we reviewed are easy to use, even if you have no prior experience with tax software. They walk you through the process step by step, and most include help features in case you get stuck.
• Accuracy: The best tax prep software options are highly accurate, which reduces the chances that you will make an error on your return. This fact is especially important if you are self-employed or have a complex tax situation.
• Deductions and credits: Most programs have built-in features that help you find deductions and credits you may be eligible for, saving you a good deal of money.
• Free expert support: Many tax prep software programs offer free support, audit assistance, and advice from a tax pro.
• Streamlines the process: Utilizing tax software programs can keep you organized and informed about your taxes year-round. This can ultimately save you both time and money in the long term.

Evaluating Your Tax Software Needs

Choosing the right tax software is a critical decision for small business owners. The appropriate software can save time, reduce errors, and ensure compliance with tax laws. This section will help you evaluate your specific tax software needs, ensuring you select a product that aligns perfectly with your business requirements.

Assessing Your Tax Situation

Start by assessing the complexity of your tax situation. If you have a straightforward tax profile, such as a sole proprietorship with standard deductions, basic tax software might suffice. However, more complex situations like multiple income streams, investments, or operating in various states may require advanced software features.

Considering Business Size and Structure

Your business size and structure significantly influence your tax software needs. A solo entrepreneur has different requirements compared to a business with employees or complex corporate structures. Ensure the software you choose can handle your specific business type, whether it’s an LLC, partnership, S-corp, or sole proprietorship.

Identifying Key Features Needed

List the key features you need in tax software. These might include income and expense tracking, support for specific tax forms, the ability to handle state and federal taxes, or features for specific deductions relevant to your industry.

Integration with Other Systems

Consider how well the software integrates with other systems you use, such as accounting or payroll software. Seamless integration can save time and reduce the likelihood of errors by automating data transfer.

Forecasting Future Needs

Think about not just your current needs but also potential future requirements. As your business grows, your tax situation may become more complex. Choose software that can scale with your business to avoid the need for switching systems later on.

Evaluating Cost vs. Benefit

Analyze the cost-benefit ratio of the software. While cost shouldn’t be the only deciding factor, it’s important to choose software that offers the features you need at a reasonable price. Also, consider the long-term savings in terms of time and resources that efficient tax software can offer.

By carefully evaluating these aspects, you can choose tax software that not only meets your current needs but also supports your business as it grows and evolves.

How to Choose the Best Tax Preparation Software for Your Small Business

With so many great tax preparation software tools from which to choose, how can a taxpayer decide on the best service for their tax situation? If you’re comparing the various online tax software products, be sure to make the following considerations:

Compare Software Costs

How much do you hope to spend on tax preparation software? Are you looking for the cheapest possible option, or do you have the budget to support additional features? Some software offers only a bare-bones option for free, with upgrades to support additional features. Does your income level qualify for the IRS Free File program?

Consider Available Tax Forms

Are you entering tax information from a simple 1040 form, or does your individual tax situation involve additional streams of business income or unemployment income reported on a w9 form or another tax document? Some tax software companies support a wide range of tax forms in their free version, while others require users to upgrade and pay extra fees to file extra tax forms. Also, don’t forget to ensure the selected software program supports any credits for which you qualify, including the earned income tax credit, the child tax credit, and itemized deductions for charitable donations.

Remember Other Business Needs

Do you need a simple online software program that merely supports tax filing, or are you in search of a more comprehensive financial software product that supports additional business needs? If you are looking for programs that include features such as invoicing software, then you will want to consider software providers that fulfill a wider range of financial needs.

Beware of Potential Tax Scams

Tax season can also be known as scam season, as a plethora of offers from imitation providers with false promises of larger refunds infiltrate taxpayers’ inboxes. When considering the best tax software, stick with trusted brands and offers found on legitimate websites, otherwise, you could unknowingly provide your private information to tax scams.

Final Words

What is the best tax software? It all depends on the taxpayer’s wants and needs. Are you looking for a simple software product that costs the least or a robust set of technological tools that will provide the maximum tax refund or lowest taxable income? While plenty of users prefer trusted brands like H&R Block and TurboTax, other taxpayers are opting for lesser-known software options that cost less while still providing a superior tax filing experience.

How much does it cost to use tax software?

The cost to use tax apps ranges from free to hundreds of dollars depending on the software provider and the complexity of the tax return. Tax filers whose tax returns might include forms not generally offered in the free version of most tax software might qualify to file federal taxes for free using the IRS Free Filing program for taxpayers earning less than $73,000 per year.

Which free tax filing software is best?

Formerly Credit Karma Tax, Cash App Taxes offers superior free tax filing services compared to competitors like H&R Block and TurboTax. The Cash App Taxes software supports a wider range of available tax forms and features more useful tools to maximize a tax return than comparable free products. Plus, state returns are also free for most taxpayers.

What happens if you miss the tax deadline?

If you miss the tax deadline, a few things can happen. The most common penalties for filing taxes late are failure-to-file and failure-to-pay penalties if you don’t pay by the due date. However, if you can show that you had a good reason for not filing on time, the IRS may waive the failure-to-file penalty. You can also ask for a payment plan if you can’t pay your entire tax bill at once.

Should I hire a tax professional to help with my small business tax filing?

There are a few things to consider when deciding whether or not to hire a tax professional to help with your small business’s tax filing. The most important factor is how complex your taxes are. If you have more than one business, own property, or have investments, you may need the help of a professional to get all those tax figures and deductions you need.

You should also consider how comfortable you are with doing your own taxes and whether or not you have the time to do them. If you decide to hire a professional, make sure you choose someone who is qualified and reputable. You can check the IRS website for a list of registered tax preparers in your area.

Lastly, keep in mind that tax preparation fees are a deductible expense, whether it’s a DIY filing or working closely with a tax professional or accountant.

When should I consider hiring a tax professional?

Should you hire tax preparation services instead of selecting tax software? While filing your own tax return using online software is an option available for practically any taxpayer, the savings might not be worth the cost in some situations.

Certainly, it can cost less to use online tax apps than to hire a professional tax preparer, but if the trade-off is lost deductions and tax credits that otherwise would significantly lower a tax bill, then the better option is to pay for the expert service.

Which free tax software is best?

Which free tax software is the best? Is it the free version of the H&R Block tax filing program, or perhaps the ultra-popular TurboTax free version? While those might be adequate for taxpayers with a simple W2 form, the upgrades for additional forms and deductions come with fees.

Cash App Taxes provides the most robust software program for free filing taxes, although the IRS Free File program will help taxpayers earning $73,000 or less file federal taxes with partner programs at no cost.

What software do tax preparers use?

The best online tax software products like H&R Block and TurboTax might offer tax filers user-friendly experiences, but they are not the same products used by a professional tax preparer such as a certified public accountant. Tax preparers rely on professional tax software products like ProSeries, ProConnect, and TaxAct Professional to sign and e-file returns as paid preparers.

Image: Envato Elements

This article, "The Best Tax Software: Amazing Paid and Free Options" was first published on Small Business Trends

How Does Apple Pay Work?

Apple Pay simplifies digital transactions, turning your device into a secure payment tool with just a tap. Understanding how does Apple Pay work is essential for small businesses looking to stay ahead in today’s fast-paced market.

This convenient method not only speeds up checkout but also enhances customer satisfaction. Mastering how to accept payments through Apple Pay is crucial for businesses looking to modernize their payment solutions. Continue reading to learn what Apple Pay is and how it works.

What is Apple Pay and How Does it Work?

Apple Pay is more than just a digital payment service; it’s a game-changer for secure and effortless transactions. Whether you’re using an iPhone, iPad, or Apple Watch, this service seamlessly integrates into your daily shopping routine.

Now, let’s explore the magic behind Apple Pay, from in-store tap-to-pay simplicity to the ease of online purchases, and discover how it streamlines payments both at physical locations and on the web. If you have an e-commerce business, then integrating Apple Pay with the new Shopify point-of-sale system can further optimize your business’s payment processing.

Likewise, incorporating Apple Pay into a Squarespace POS can enhance online transaction security. Utilizing the Apple Business Connect tool can further streamline your payment systems and customer interactions. To stay ahead in the digital economy, consider learning to accept crypto payments along with traditional methods like Apple Pay.

Implementing various point-of-sale systems that support different payment methods, including Apple Pay, can significantly boost a business’s versatility and appeal to a broader customer base.

How Does Apple Pay Work In-Store?

Using Apple Pay in-store involves a few simple steps. This method of contactless card payments enhances customer convenience and speeds up transactions. If you’re using an iPhone with Face ID, double-click the side button and authenticate with Face ID or your passcode to open Apple Wallet.

For iPhones with Touch ID, double-click the Home button and use Touch ID to authenticate. After selecting your card, hold your iPhone near the payment terminal until you see “Done” and a checkmark on the display.

For Apple Watch, double-click the side button to open your default card or scroll to select a different one. Then, hold the display of your Apple Watch near the contactless reader until you feel a gentle tap and hear a beep, indicating the payment is complete.

Incorporating Apple Pay into your current point-of-sale systems improves both transaction efficiency and the customer experience. For booth rental scenarios at fairs or markets, Apple Pay provides a quick and secure payment method for customers. Additionally, think about accepting the Samsung digital payment system to reach a broader customer base.

How Does Apple Pay Work Online?

Using Apple Pay online is a convenient and secure way to make purchases. When shopping in Safari or within apps, select Apple Pay at checkout as your payment method. Tap the Apple Pay button or choose Apple Pay as the option, and then, if necessary, select a different card by tapping the Next button or the Expand Menu button.

Enter your billing, shipping, and contact information only if required. This system eliminates the need to manually enter your card, shipping, or billing details, streamlining the checkout process. Simply confirm the transaction with your passcode or biometrics to complete the purchase. Additionally, Apple Pay can be used on Macs and iPads for online transactions.

On a Mac, click the “Buy with Apple Pay” button on a website and authenticate with Touch ID on your Mac, or use a compatible iPhone to authenticate the purchase. Along with Apple Pay, incorporating Amazon Pay can offer your customers another familiar and secure online payment option.

For businesses with an Etsy store, enabling Etsy Apple pay simplifies transactions for both sellers and buyers. Additionally, integrating Shopify Apple Pay can enhance the checkout process on your e-commerce site.

Benefits of Using Apple Pay For Your Small Business

Benefit	Description	Impact on Business	Key Considerations
Enhanced Security	Apple Pay uses advanced security features like tokenization and Touch ID.	Reduces risk of fraud and increases customer trust.	Inform customers about the security benefits to encourage usage.
Fast Transactions	Quick processing of payments.	Speeds up the checkout process and improves customer experience.	Ensure your payment systems are updated for compatibility.
Convenience for Customers	Easy and contactless payment option.	Attracts tech-savvy customers and enhances convenience.	Promote Apple Pay as a payment option both in-store and online.
Reduced Payment Processing Fees	Competitive processing fees compared to traditional credit cards.	Lowers transaction costs for the business.	Analyze cost savings against current payment processing fees.
Customer Loyalty	Integration with loyalty programs and digital wallets.	Encourages repeat business and customer loyalty.	Implement loyalty programs that are compatible with Apple Pay.
Wide Acceptance	Growing acceptance of Apple Pay globally.	Attracts a wider customer base, including international customers.	Ideal for businesses with a diverse customer base or tourist traffic.
Contactless Safety	Minimizes physical contact at points of sale.	Addresses health and safety concerns, especially post-pandemic.	Highlight contactless nature in marketing materials for health-conscious customers.
No Additional Hardware	Works with existing NFC-enabled POS systems.	No need for additional investment in hardware.	Check compatibility with your current POS system.
Reduced Cash Handling	Less reliance on cash transactions.	Lowers the risks and costs associated with cash handling.	Encourage cashless transactions for efficiency and safety.
Marketing Appeal	Associated with a tech-forward, modern brand image.	Enhances the brand's appeal to modern and tech-savvy consumers.	Leverage Apple Pay as part of your business's tech-friendly image.

How Does Apple Pay Work on iPhone?

Apple Pay on the iPhone offers a seamless and secure way to make payments. It’s simpler than using a physical card and enhances safety. With your cards stored in the Wallet app, you can make payments in stores, for transit, in apps, and on websites that support Apple Pay. This feature varies by country and region, adding to its versatility and global appeal.

In the context of mobile payments, it’s also worth exploring the Apple Pay cash feature, which offers an alternative way for businesses to handle transactions.

Setting up Apple Pay on iPhone

1. Open the Settings app on your iPhone.
2. Tap Wallet & Apple Pay.
3. Select Debit or Credit Card.
4. Tap Continue.
5. Scan the card associated with your Apple ID or tap Add a Different Card.
6. If you select Add a Different Card, position it within the frame on your device to read the card details.
7. Alternatively, choose Enter Card Details Manually.
8. Enter your card’s Expiration Date and Security Code, then tap Next.
9. Tap Agree to the terms and conditions.
10. Choose a verification method for your card: Email, Text Message, or Call. Tap Next.
11. Enter the verification code received.
12. Success! Your card is now in the Wallet app and ready for use with Apple Pay on your iPhone.

Alternatively, you can set up Apple Pay directly in the Wallet app. Open the app, tap the + button, and follow similar steps to add your card. You can enter card details manually or use your device’s camera to capture the card information. After entering the security code and verifying your card through your bank, the card will appear in the Wallet app.

How do I use Apple Pay on my iPad?

Using Apple Pay on your iPad allows for secure and convenient payments in apps and on websites that support Apple Pay. This feature is particularly useful for online shopping and in-app purchases, providing a seamless payment experience without the need to enter card details manually. Remember, the availability of Apple Pay and its features varies by country or region.

Setting Up Apple Pay on iPad

1. Go to Settings, then select Wallet & Apple Pay on your iPad.
2. Tap Add Card. You might need to sign in with your Apple ID.
3. You have a few options:
   • Add a new card: Tap Debit or Credit Card, tap Continue, then position your card in the frame or enter details manually.
   • Add previous cards: Choose any cards you’ve previously used, including those associated with your Apple ID, used on other devices, or added to Safari AutoFill. Authenticate with Face ID or Touch ID and follow the instructions.
   • Add a card from a supported app: Tap the app of your bank or card issuer.
4. Your card issuer will verify if your card is eligible for Apple Pay and may ask for additional information to complete the verification process.
5. Alternatively, launch the Wallet app on your iPad, tap the + button located in the top-right corner, and then press Next.
6. Enter your credit/debit card information by scanning it with your device’s camera or manually entering the details. Then tap Next.
7. Enter your card’s security code and expiration date. Tap Next, agree to the terms and conditions, and press Agree again.
8. Select your preferred verification method and input the verification code provided by your card issuer, which can be sent via call, email, or text.
9. Finally, tap Next and Done. Your card will then be activated and ready to use with Apple Pay.

How do I Use Apple Pay with Apple Watch?

Apple Pay on Apple Watch provides a secure and private way to make payments. By storing your cards in the Wallet app on your iPhone and adding them to your Apple Watch, you can make contactless payments in stores, use transit cards, and even send and request money in Messages or using Siri.

This functionality allows for convenient transactions without needing your iPhone present, making it an ideal solution for quick and secure payments. The new Apple Watch further simplifies using Apple Pay with its updated features and enhanced user interface.

How to Set Up Apple Pay on Apple Watch

1. Bring your Apple Watch and iPhone close together.
2. Open the Apple Watch app on your iPhone.
3. Scroll down and tap on “Wallet & Apple Pay.”
4. If you use Apple Cash on your iPhone, it will automatically be enabled on your Apple Watch.
5. Tap “Add Card” to add a new card or “ADD” next to the card you use on your iPhone to add it to your Apple Watch.
6. Follow the on-screen instructions to complete the card addition process.
7. Once you finish adding your card, it will be marked as “Card Added” on your iPhone.
8. If it’s the first card you’ve added to the Wallet app on your Apple Watch, it becomes the default payment card.
9. You can change the default card in the Wallet & Apple Pay settings in the Apple Watch app on your iPhone.
10. Your Apple Watch will emit a sound and display a notification when the card is successfully added.

Additionally, you can directly add a card to your Apple Watch:

1. Open the Wallet app on your Apple Watch.
2. Tap the More Options button, then tap Add Card.
3. Choose Apple Account, Debit or Credit Card, or Transit Card; then follow the on-screen instructions.
4. The card issuer may require additional verification steps.

Configuring Apple Pay on your Apple Watch is easy and increases the convenience of making payments without having to carry your physical wallet.

What Credit Cards are Compatible with Apple Pay?

Apple Pay is a widely used payment method, accepted by most major banks and credit unions in the U.S. and over 60 countries globally. It supports major credit, debit, and prepaid cards and is accepted by over 85% of U.S. retailers.

With its expanding network, including major financial institutions in Asia-Pacific, Canada, and Latin America, Apple Pay offers easy transaction options for a vast majority of credit card users.

How Your Small Business Can Use Apple Pay

Mobile wallet usage statistics are growing at an impressive rate across the board. Apple Pay currently has nearly 400 million users around the world, making it one of the most prominent mobile payment options. And there are more than 1.5 billion Apple devices in use.

So, the payment method is likely to grow even more. As a business, the ability to accept Apple Pay may increase your customer base. As more and more consumers stop carrying cash, debit, and credit cards, the places that accept mobile payments will draw in those payments.

Additionally, Apple Pay simplifies the payment process significantly, both in stores and online. This means your customers spend less time fumbling for cards or looking for payment information.

Since these obstacles often lead to people rethinking purchases, especially online, support for Apple Pay may lead to more completed sales. The ease may also save your team time as they collect in-person payments at stores, restaurants, or other businesses.

To start accepting Apple Pay in stores, you need a contactless POS terminal that works with Apple Pay. This generally works with any reader that accepts Discover debit contactless transactions.

But contact your POS provider to find out for sure if your reader can accept Apple Pay. From there, display the Apple Pay logo at your payments terminal and anywhere you provide payment information to let customers know.

To make online payments with Apple Pay, select an online payment provider that is compatible with Apple Pay. Some well-known options include Shopify, Squarespace, WooCommerce, Stripe, and Worldpay, among others. Alternatively, you can visit Apple Pay for Developers to set up your own payment system that supports Apple Pay.

Send and Receive Money

Accepting customer payments isn’t the only reason for businesses to use Apple Pay. It can also provide an easy and secure platform for your own transactions. In fact, Apple Pay allows you to send and receive payments easily in the Messages app of your iPhone or other Apple device.

This can be useful if you’re texting with a client or sharing expenses with a colleague on a business trip. Instead of using a third-party payments app or having to withdraw cash, you can simply send and receive money in the apps you already use.

To use this option, you must have Apple Pay set up with a credit or debit card. Then, open your Messages app and start a conversation with the person you want to send money to. Tap the app’s icon next to the text box and then click the Apple Pay logo.

Enter the amount, click the send button, and then confirm your payment using your passcode, face, or touch ID. Users can also send you a request for payment, at which point you just confirm the amount and send the appropriate payment.

Alternatively, if a client or colleague sends you money using Apple Pay in the Messages app, you just need to accept the terms and conditions to receive payment. The money is automatically added to your Apple Cash account. There, you can spend it with Apple Pay, send it in another message, or transfer it to a connected bank account.

Apple Pay is also one of the cheapest ways to send money, reducing transaction costs for businesses. Similarly, the Venmo app can be a useful tool for handling peer-to-peer transactions efficiently. Besides these options, offering ACH payment as a way to pay provides another reliable method for handling business transactions.

Make Contactless Payments

Apple Pay can also simplify the payments you make to vendors or other businesses in your area. Say you need to pick up some supplies for an event you’re hosting. While you’re running errands, you can quickly stop into a store in your area and make a payment with just your iPhone or Apple Watch.

There’s no need to keep credit or debit cards on you at all times. And you can even use your Apple Cash card or account to complete payments with money you’ve recently received from others. This process is very straightforward; you simply hold your iPhone or Apple Watch up to a card reader to use Apple Pay.

However, some countries and regions have imposed limits on how much you can pay at contactless terminals.

Usually, if you exceed these limits, you just need to enter a pin or signature to complete your purchase. In the U.S., you may need to sign for Apple Pay purchases over $50.

In addition to contactless payments being a convenient option for your business purchases, it’s also secure. Face ID, Touch ID, and/or your passcode are needed to complete purchases.

So you can avoid carrying your credit and debit cards around with you, especially on business trips or at events where they may be tough to keep track of. And since Apple Pay allows you to add multiple cards, you can use Apple Pay for both business and personal purchases.

But you don’t need to worry about your contactless purchases getting mixed up. Using Apple Pay aligns with cash handling best practices, minimizing the risks and hassles associated with physical cash.

Check Your Transaction History

Apple Pay simplifies the process of tracking your transactions. For businesses, monitoring expenses is crucial for effective bookkeeping. Without Apple Pay, many businesses must sift through their credit card and bank statements to access their complete transaction history.

This can be especially complicated if you use multiple credit and debit cards, along with other payment methods. Generally, you need to log into each of these accounts separately. And it may be difficult to track which purchases you made with each card or account.

However, Apple Pay allows you to monitor all of your activity in one place. You can add multiple credit and debit cards to your Wallet app to easily check activity in one place. Even if you don’t plan to use them all for mobile payments, adding them to your device can simplify your bookkeeping.

Additionally, Apple Pay can help you quickly identify and act on any fraudulent purchases. Once you add a card to your Apple Pay account, you can set notifications so you’re alerted when that card is used.

Instead of having to monitor all of your accounts and reach out to merchants when you spot something fishy, you can act right away when you notice a purchase you didn’t make. Apple Pay’s features also help businesses fight credit card fraud at point of sale, providing an extra layer of security during transactions.

Benefit from an Apple Rewards Card

Apple Pay works with a huge variety of third-party credit and debit cards from brands like Visa and American Express. But the company also offers its own Apple Cash Card option. You apply for an Apple Card like you would with a regular credit card. But then the information lives on your Apple devices. Benefits include no fees, security features like Face ID and Touch ID, and cash back.

If you use Apple Pay regularly, these rewards may help you avoid the interest and fees that you pay with other credit cards. Additionally, Apple Pay’s security features help to fight credit card fraud at the point of sale. Apple also encourages business users to pay less interest by providing information about paying off their balance. There are no daily cash back limits for qualified users. Incorporating these methods into your business credit card tips can lead to more economical and secure transactions.

Apple Pay Alternatives

Although Apple Pay is widely used, there are numerous other digital payment options to consider. Below are four significant alternatives:

Google Pay

Google Pay offers a seamless way to pay in stores, online, and in apps. It works with Android devices and offers enhanced security with encrypted transactions. Google Pay also integrates loyalty programs and promotions, making it a comprehensive payment solution.

Samsung Pay

Samsung Pay stands out with its compatibility with almost all payment terminals, including older magnetic stripe ones. It is available on Samsung devices and provides a secure, tokenized transaction system. Samsung Pay also offers rewards for every transaction, adding extra value for users.

PayPal

PayPal is a popular online payment system that can also be used for in-store purchases through its mobile app. Recognized for its secure transactions, PayPal enables users to shop, send, and receive money globally. It is an excellent choice for individuals who favor a well-established online payment platform.

Venmo

Venmo, owned by PayPal, is particularly popular among younger users for its social features. It’s primarily used for peer-to-peer transactions but is increasingly accepted by retailers. Venmo combines the ease of sending money with social interaction, making payments more engaging.

Final Words

In conclusion, for small business owners, integrating Apple Pay can be a smart move. It offers a secure, quick, and user-friendly payment option that caters to the modern consumer’s needs. With its advanced security features and widespread acceptance, Apple Pay not only streamlines transactions but also enhances customer trust and satisfaction, positioning businesses at the forefront of digital payment technology. Embracing various payment apps, including Apple Pay, is key to staying competitive in the evolving digital payment landscape.

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Is there a limit to Apple Pay?

Yes, Apple Pay does have its limitations. When it comes to Apple Cash, you can add a maximum of $10,000 per transaction, with an overall limit of $10,000 within a 7-day period. The total Apple Cash balance you can maintain is capped at $20,000. For in-store purchases, the limits may differ depending on the country and the card issuer.

How can you change your default card on Apple Pay?

??To change your default card on Apple Pay, open the Wallet app on your iPhone, touch and hold the payment card you want to set as your default and drag it in front of your other cards. Alternatively, open the Settings app, tap Wallet & Apple Pay, tap Default Card under Transaction Defaults, and select the card you want to use for Apple Pay purchases.

How many cards can I add to Apple Pay?

On Apple Pay, users can add up to 16 cards, provided they are using iOS version 15.3 or later.

Where is Apple Pay available?

Apple Pay is available in numerous countries across the globe. This includes regions in Africa, Asia-Pacific, Europe, Latin America, the Caribbean, the Middle East, and North America. Some of these countries include the United States, Canada, the United Kingdom, Australia, China, Japan, South Korea, Singapore, France, Germany, Italy, Spain, Brazil, Argentina, Mexico, Saudi Arabia, and the United Arab Emirates, among others. However, the availability of Apple Pay can vary, and it’s recommended to check with local banks and card issuers for specific details.

What are the disadvantages of Apple Pay?

Apple Pay’s downsides include limited acceptance by small businesses, reliance on device battery life, potential technical glitches, and security vulnerabilities. It’s also not available globally, impacting international travel.

How do you use Apple Pay for the first time?

To use Apple Pay for the first time, open the Wallet app on your iPhone, tap the “+” sign, and add a credit or debit card. Follow the on-screen instructions to verify your card with your bank or card issuer. Once verified, you can use Apple Pay at participating stores, online, and in apps.

Is Apple Pay safer than a credit card?

Apple Pay improves security by utilizing device-based features, avoiding the storage of card numbers, and employing tokenization for every transaction. Additionally, its safety depends on user habits, such as using secure passcodes and biometric identification.

Does Apple Pay work with US federal payment cards, too?

Yes, Apple Pay does work with US federal payment cards. This includes cards like those for Social Security and veterans benefits, which are paid through debit cards. The system is compatible with the Direct Express payment network and government cards issued through GSA SmartPay.

Is Apple Pay secure?

Apple Pay is generally considered to be secure, thanks to features like touch ID and face ID. The program does store your credit card information on devices like your iPhone or Apple Watch. So, it may be vulnerable if your devices fall into the wrong hands. But people would also need your passcode or biometric login access to actually retrieve this data. Additionally, Apple Pay can notify you on your iPhone or Apple Watch when your credit and debit cards are used. So, you can quickly reach out to credit card companies if you notice any unusual activities.

Does Apple Pay charge a fee?

Apple Pay itself does not charge additional fees for transactions. However, standard fees associated with your linked credit or debit cards still apply, as do usual wireless carrier fees for data usage during transactions.

Image: Envato Elements

This article, "How Does Apple Pay Work?" was first published on Small Business Trends

How to Make Money on PayPal: Great Ideas to Try

Looking to diversify your income streams? Want to tap into a global platform where money exchanges hands every second? Well, you’re in the right place! This article unfolds a treasure trove of opportunities on how to make money on PayPal, the digital wallet that has changed the way the world does business.

Opening a PayPal Account: The First Step to Paypal Cash

You cannot begin your journey to earn free cash on PayPal without first having an account. Fortunately, the process is simple. Here’s a quick overview:

1. Decide on the Account Type
   • Personal Account: This type of PayPal account is perfect for individual users looking to shop online or send and receive money.
   • Business Account: Designed specifically for merchants and business owners who want to send or receive payments online. It offers additional features that cater to business needs.
2. Sign Up
   • Visit PayPal’s official website.
   • Click on the ‘Sign Up’ button and select your preferred PayPal money account type.
   • Fill in the required personal or business information. For business accounts, this may include your business type and details.
3. Verification
   • Once you’ve filled in the details, PayPal will send an email to verify your account.
   • Follow the link in the email to complete the verification. You might also need to link and verify a bank account or credit card to lift certain sending and withdrawal limits.

Alright, got your PayPal Money account set up? Let’s talk about something many users often wonder about: the costs involved.

Fees and Policies on Paypal Accounts

Nobody likes hidden fees, right? So, it’s essential to get a clear understanding of PayPal’s fee structure. Here’s a lowdown:

1. Sending Money: Good news! Sending money to friends or family within your country is generally free when funded with your PayPal balance or linked bank account. However, using a credit card might incur a fee.
2. Receiving Money: For personal accounts, receiving money from friends or family is free. But for business accounts or sales, there’s a fee involved. The exact percentage can vary based on your location and the nature of the transaction.
3. International Transactions: When you’re dealing with cross-border transactions, there might be additional fees involved. These can be due to currency conversion or even a cross-border fee.
4. Policies to Remember:
   • Dispute Resolution: PayPal offers a Buyer Protection policy that can assist if there’s an issue with a purchase. Similarly, Seller Protection helps sellers against potential fraudulent claims.
   • Withdrawal Limits: New accounts might have withdrawal limits. This means you can only withdraw a certain amount until you’ve verified additional information or met certain criteria.
   • Account Holds: Occasionally, for security reasons, PayPal might place a hold on your funds. This can be due to irregular activity or if they need more information from you.

Is it Possible to Earn Free PayPal Money?

The promise to ‘get free PayPal money’ is an alluring one, isn’t it? There are indeed legitimate ways to make money on your phone and online by getting a bit of PayPal cash on the side. But – and it’s a big but – you need to tread with caution. Let’s delve into the matter.

The Real Deal:

Many online platforms, survey sites, and apps offer PayPal cash as a reward for your participation in various activities. Some examples include:

1. Survey Sites: Websites like Swagbucks or Toluna offer PayPal cash or gift cards for completing paid surveys and various tasks.
2. Cash back Apps: Platforms like Rakuten reward you with cash back on purchases, paid out via PayPal.
3. Freelance Work: Websites such as Upwork or Fiverr allow you to offer services and get paid directly to your PayPal account.

Red Flags to Watch For:

Now, while there are legit avenues to earn, Paypal scams run rampant, too. Here’s what to keep in mind:

1. Too Good to Be True: If a scheme promises hefty PayPal cash returns for minimal effort, your alarm bells should ring.
2. Upfront Payments: Be wary of any site or scheme asking for an upfront fee to access free PayPal money-earning opportunities.
3. Vague Details: A legitimate earning platform will be transparent about payouts, tasks, and terms. If these details are murky, think twice.
4. Unsolicited Offers: If you get an email out of the blue promising easy PayPal cash, be extra cautious. Always verify the legitimacy of such offers.

In a Nutshell:

Can you earn free PayPal money? Yes, it’s possible. But always ensure you’re dealing with legitimate platforms and steer clear from anything that smells fishy. Your diligence is the key to a safe earning experience.

How to Make Money on PayPal Fast

Are you eager to see a boost in your PayPal cash balance sooner rather than later? Here are some dynamic ways you can hustle to make that happen. Remember, ‘fast’ doesn’t mean overnight, but with dedication, these methods can yield quicker returns than others.

Here is a quick summary:

Method	Explanation	Potential Earnings	Getting Started
Sell Products or Services Online	Online marketplaces like eBay or personal websites.	$5 to thousands.	Identify a niche, create quality listings, promote offerings.
Take Paid Surveys	Share your opinion and get paid.	$0.50 to $5 per survey.	Sign up for reputable survey sites, complete your profile.
Earn Money Trading Cryptocurrency	Buy low, sell high on crypto platforms.	Highly variable.	Research well, choose a platform, start small.
Offering Social Media Management Services	Help businesses boost their online presence.	$200 to $3000+ per month.	Build a portfolio, stay updated, pitch services.
Start a Blog	Share expertise or passion, earn through various methods.	$50 to $10,000+ per month.	Choose a niche, set up a blog, create quality content.
Create YouTube Videos	From tutorials to vlogs.	$1 to $5 per 1000 views.	Identify niche, create content, optimize for SEO.
Sell Handmade Crafts on Etsy	Showcase your crafts.	$10 to $100+ per item.	Set up an Etsy shop, price items, ensure quality photos.
Enter Competitions	Luck-based online contests.	Varies ($5 to $10,000+).	Find legitimate contests, read terms and conditions.
Provide Virtual Assistant Services	Offer administrative services remotely.	$10 to $50 per hour.	List services on platforms or reach out directly.
Online Gaming Tournaments	Play and earn.	$5 to $5000+ depending on skill.	Improve at popular games, look for tournaments.
Dropshipping	Sell products without holding inventory.	$200 to $3,000+ per month.	Choose a niche, set up a store, focus on marketing.
Sell Stock Photos	Sell photos on stock platforms.	$0.25 to $75+ per image.	Click high-quality photos, sign up on platforms.
Participate in Cashback Websites	Get a percentage of your spend back.	1% to 40% cashback.	Sign up, make purchases through their links.
Freelance Online	Offer skills on freelancing platforms.	$5 to $300+ per task.	Create profiles, showcase your portfolio.
Affiliate Marketing	Promote products and earn a commission.	$10 to $10,000+ monthly.	Join affiliate programs, promote products, optimize.
Write and Sell eBooks	Sell your writings digitally.	$50 to $10,000+.	Choose a topic, write, design, and promote.
Create and Sell Online Courses	Educative content for learners.	$100 to $10,000+ per course.	Identify a niche, create content, use platforms, promote.
Paid-to-Click Websites	Earn by viewing ads.	$0.001 to $0.02 per view.	Join legitimate PTC sites, stay active.
Rent Out Spare Room on Airbnb	Rent out idle spaces.	$20 to $500+ per night.	List on Airbnb, set a price, provide excellent experiences.
License Ideas or Inventions	License innovative ideas.	Royalties of $100 to $100,000+ annually.	Patent your idea, create a prototype, pitch to companies.
Sell Digital Designs on Print-on-Demand Platforms	Sell designs without handling logistics.	$1 to $20+ per item sold.	Design, upload to platforms, promote your storefront.
Peer-to-Peer Lending	Lend money online.	Annual returns of 3% to 10%.	Sign up, choose your investment, diversify.
Auto-Invest with Robo-Advisors	Automated investment management.	Historically 7% annually adjusted for inflation.	Choose platforms, set risk preference, monitor.
Rent Out Your Car on Turo	Rent out your car.	$30 to $200+ per day.	List your car, set availability, ensure insurance.
Print Magazine Subscription Box	Curate and deliver niche magazines.	$5 to $50+ per subscription.	Identify a niche, source magazines, set up subscription.
Develop Mobile Applications	Create useful or fun apps.	Free with ads to $10+ per purchase.	Learn coding or hire developers, market app effectively.
Sell Digital Art on Gumroad	Platforms like Gumroad for selling digital art and designs.	$10 to $1,000+ per piece.	Design digital pieces, set up on Gumroad, price & promote.
Host Podcasts with Sponsored Segments	Create podcasts and earn through sponsorships.	$10 to $500+ per episode.	Choose a topic, set up podcast, gain listenership, seek sponsorships.

Sell Products or Services Online

• Explanation: Online marketplaces like eBay or even your personal website can be great platforms.
• Potential Earnings: Varies depending on the product/service but can range from $5 to thousands.
• Getting Started: Identify a niche or product in demand, create quality listings with clear photos and descriptions, and promote your offerings.

Take Paid Surveys

• Explanation: Share your opinion and get free PayPal money. As simple as that!
• Potential Earnings: Typically $0.50 to $5 per survey, but can be higher for specialized surveys.
• Getting Started: Sign up for reputable survey sites like Swagbucks or Survey Junkie, and complete your profile for better survey matches.

Earn Paypal Money Trading Cryptocurrency

• Explanation: Buy low, sell high on crypto platforms.
• Potential Earnings: Highly variable due to market fluctuations.
• Getting Started: Research well, choose a reliable trading platform, and always start with a small amount.

Offering Social Media Management Services

• Explanation: Help businesses boost their online presence.
• Potential Earnings: Between $200 and $3000+ monthly, depending on expertise and clientele.
• Getting Started: Build a portfolio, stay updated with social media trends, and pitch your services to small businesses or on platforms like Upwork.

Starting a Blog and Monetizing It

• Explanation: Share your expertise or passion and earn through ads, affiliate marketing, or sponsored posts. Alternatively, learn how to make money on Patreon or other paid platforms to which followers can subscribe.
• Potential Earnings: $50 to $10,000+ per month, based on traffic and monetization strategies.
• Getting Started: Choose a niche, set up a blog using platforms like WordPress, create quality content, and promote your blog.

Creating YouTube Videos and Monetizing Them

• Explanation: Video content is king! From tutorials to vlogs, the sky’s the limit.
• Potential Earnings: $1 to $5 (or more) per 1000 views, depending on the niche and ad engagement.
• Getting Started: Identify your niche, create compelling content, optimize for SEO, and promote your channel.

Selling Handmade Crafts on Etsy

• Explanation: If you’re crafty, Etsy is your playground.
• Potential Earnings: $10 to $100+ per item, depending on the craft.
• Getting Started: Set up an Etsy shop, price your items competitively, and ensure high-quality photos and descriptions.

Enter Competitions to Win Free Paypal Money

• Explanation: While luck-based, numerous online contests offer PayPal cash prizes.
• Potential Earnings: Varies based on the competition – from $5 to $10,000+.
• Getting Started: Search for authentic contests, carefully review the terms and conditions, and make sure there are no entry fees unless you are using a reputable platform.

Providing Virtual Assistant Services

• Explanation: Offer administrative services remotely.
• Potential Earnings: $10 to $50 per hour based on tasks and expertise.
• Getting Started: List your services on platforms like Fiverr or reach out to bloggers and small businesses directly.

Participating in Online Gaming Tournaments

• Explanation: Love gaming? Why not earn from it?
• Potential Earnings: $5 to $ 5,000+ based on the tournament and your skill level.
• Getting Started: Get good at popular games, look for tournaments on platforms like Players’ Lounge, and always practice safe online gaming.

Dropshipping Products Online

• Explanation: Act as the middleman in online purchases by selling products directly to customers without holding inventory.
• Potential Earnings: $200 to over $3,000 each month, depending on the niche and marketing strategies employed.
• Getting Started: Choose a niche, set up an online store, partner with suppliers, and focus on marketing.

Selling Stock Photos Online

• Explanation: Click, upload, and earn! Sell your photographs on stock platforms.
• Potential Earnings: $0.25 to $75+ per image, depending on platform and licensing.
• Getting Started: Click high-quality photos, sign up on platforms like Shutterstock, and ensure you understand the licensing agreements.

Participating in Cash-back Websites

• Explanation: Shop as usual and get a percentage of your spending back.
• Potential Earnings: Varies based on purchases, but cashback can range from 1% to 40%.
• Getting Started: Register on websites such as Rakuten, purchase items through their links, and observe your cash back accumulate.

Freelancing on Online Platforms

• Explanation: Learn How to make money on Fiverr or Upwork and showcase your skills on platforms catering to freelancers.
• Potential Earnings: $5 to $300+ per task, based on your skill and project.
• Getting Started: Create profiles on sites like Upwork or Fiverr, showcase your portfolio, and respond to relevant job listings.

Becoming an Affiliate Marketer

• Explanation: Promote products and earn a commission for every sale made through your link.
• Potential Earnings: Varies widely; can range from $10 to $10,000+ monthly.
• Getting Started: Join affiliate programs like Amazon Affiliates, promote products on your blog or social media, and optimize for conversions.

Writing and Selling eBooks

• Explanation: Pen down your expertise or stories and sell digitally.
• Potential Earnings: $50 to $10,000+, depending on the topic and promotion.
• Getting Started: Choose a topic, write engaging content, format and design your eBook, and promote it on platforms like Amazon Kindle.

Creating and Selling Online Courses

• Explanation: Turn your expertise into educative content for eager learners.
• Potential Earnings: $100 to $10,000+ per course, depending on depth and audience.
• Getting Started: Identify a niche, create structured content, use platforms like Udemy or Teachable, and promote your course.

Participating in Paid-to-Click Websites

• Explanation: Earn by simply clicking and viewing ads.
• Potential Earnings: $0.001 to $0.02 per ad view, bonuses for referrals.
• Getting Started: Join legitimate PTC sites like ClixSense, stay active, and refer friends for bonus earnings.

Rent Out Your Spare Room on Airbnb

• Explanation: Make your idle space work for you.
• Potential Earnings: $20 to $500+ per night, based on location and amenities.
• Getting Started: Clean and prep your space, list on Airbnb, set a competitive price, and provide excellent guest experiences.

License Your Ideas or Inventions

• Explanation: Have a groundbreaking idea? License it!
• Potential Earnings: Varies greatly; can range from royalties of $100 to $100,000+ annually.
• Getting Started: Patent your idea, create a prototype if possible, and pitch to companies or use platforms like InventRight.

Sell Digital Designs on Print-on-Demand Platforms

• Explanation: Create designs and let platforms handle printing and shipping.
• Potential Earnings: $1 to $20+ per item sold.
• Getting Started: Design unique graphics, upload to platforms like Redbubble or Teespring, and promote your storefront.

Invest in Peer-to-Peer Lending Platforms

• Explanation: Lend your money to individuals or small businesses online.
• Potential Earnings: Annual returns of 3% to 10%, based on platform and risk tolerance.
• Getting Started: Register on platforms such as Prosper, select your investment amount, and spread out your investments to minimize risk.

Auto-Invest in Stock Markets with Robo-Advisors

• Explanation: Allow automated platforms to manage and grow your investments.
• Potential Earnings: Varies, but historically, stock markets have returned 7% annually, adjusted for inflation.
• Getting Started: Choose platforms like Betterment, set your risk preference, and regularly monitor and adjust.

Rent Out Your Car on Turo

• Explanation: Not using your car? Let others rent it.
• Potential Earnings: $30 to $200+ daily, depending on the type of car and location.
• Getting Started: List your car on Turo, set availability, ensure insurance, and provide a smooth rental process.

Start a Print Magazine Subscription Box

• Explanation: Curate niche print magazines and deliver them to subscribers.
• Potential Earnings: $5 to $50+ per subscription, based on curation and demand.
• Getting Started: Identify a niche, source magazines, set up a subscription model, and market your box.

Develop Mobile Apps and Offer In-App Purchases

• Explanation: In the digital age we live in, mobile apps serve nearly every requirement. Providing in-app purchases can create a reliable source of income.
• Potential Earnings: $1,000 to $100,000+ monthly, depending on the app’s popularity and the value of in-app purchases.
• Getting Started: Identify a need or gap in the market, design a user-friendly app, and promote it extensively. Platforms like Google Play and the Apple App Store can be used for distribution.

Sell Digital Art and Designs on Gumroad

• Explanation: If you’re a creator, platforms like Gumroad allow you to sell your digital art, designs, or even templates directly to your audience.
• Potential Earnings: $10 to $1,000+ per piece, depending on the uniqueness and demand.
• Getting Started: Design your unique digital pieces, set up a storefront on Gumroad, price them appropriately, and promote them via social media or your website.

Host Podcasts with Sponsored Segments

• Explanation: Podcasts are the new radio. If you have a flair for conversation or a unique perspective, this could be your avenue.
• Potential Earnings: $10 to $500+ per episode, based on listenership and sponsorships.
• Getting Started: Select a niche or topic, invest in quality recording equipment, host your podcast on platforms such as Anchor or Podbean, and reach out to potential sponsors as your audience expands.

How to Make Money on PayPal Without Doing Anything

While many of the strategies we’ve discussed involve some degree of effort, these methods lean more towards the ‘set it and forget it’ mantra. We’re talking about leveraging investment opportunities directly through PayPal and other means to grow your funds. Let’s delve deeper into these methods.

Get Free Paypal Money Fast Using PayPal’s Referral Program

• Explanation: PayPal occasionally offers a signup bonus when you get friends or businesses to sign up using your referral link.
• Potential Earnings: Typically ranges from $5 to $50 per qualified referral.
• Getting Started: Check PayPal’s current promotions, share your unique referral link with friends or on your platforms, and ensure the referred individuals complete the necessary actions.

Investment in PayPal Money Market for Free Paypal Cash

• Explanation: Historically, PayPal had a Money Market Fund where users could invest spare change. While this exact service has evolved, it’s good to stay updated with any investment opportunities they might offer.
• Potential Earnings: Returns are based on prevailing interest rates, but passive income is the key.
• Getting Started: Keep a lookout on PayPal’s offerings, read the fine print, and allocate funds you’re comfortable with.

Use Your Sign up Bonus to Receive Free Paypal Money

• Explanation: Certain promotions or affiliate programs allow you to win PayPal money that is deposited directly into your PayPal.
• Potential Earnings: Usually, a one-time sign-up bonus ranges from $5 to $100.
• Getting Started: Research for platforms or services offering these bonuses, sign up, and ensure you meet any requirements to qualify for the bonus.

Get Cash Back from Online Purchases

• Explanation: While this might sound familiar, certain platforms directly deposit cashback into your PayPal. It’s passive, especially if it’s for purchases you’d make anyway!
• Potential Earnings: Varies based on purchase amounts; typically 1% – 40% cashback.
• Getting Started: Join cash-back sites that offer PayPal as a payout method, shop through their links, and see those cash-back notifications pop up in your account.

Automate Dividend Investing with Investment Platforms

• Explanation: Some online investment platforms allow you to buy dividend-paying stocks, which can deposit earnings directly into PayPal.
• Potential Earnings: Varies based on dividend yield, typically 2% – 6% annually.
• Getting Started: Research reliable investment platforms that support PayPal payouts. Choose stable, dividend-paying stocks and reinvest dividends for compound growth.

https://youtube.com/watch?v=fr0n81HDiCE%3Fsi%3D20Yx9B2Zxquc5y2-

Cash Back: An Easy Way to Earn PayPal Cash

Earning a little money back from your usual purchases sounds like a dream, doesn’t it? Well, that’s precisely what cashback offers. It’s a percentage of the money you’ve spent on a purchase, which is returned to you. So, if you’re using cash-back platforms or credit cards, a portion of the money you’ve spent is given back to you. This method is extremely popular with PayPal users because it’s an effortless way to accumulate savings or earnings in their accounts.

Best Cash Back Websites that Pay via PayPal

1. Rakuten (formerly Ebates): A pioneer in the cashback world. Users simply shop through Rakuten’s links, and the cashback accumulates in their accounts.
   • Maximizing Earnings: Check their daily deals and double cashback offers.
2. Swagbucks: Beyond cashback, they offer ways to earn points (or SBs), which can be redeemed for cash in your PayPal.
   • Maximizing Earnings: Engage in other activities on the platform, such as watching videos or completing tasks, to rack up more SBs.
3. TopCashback: This platform boasts that they give 100% of the commissions earned back to their members.
   • Maximizing Earnings: Regularly check their site for exclusive deals and higher cashback rates.

How Online Surveys Contribute to Cash Back

Online surveys are a way for companies to collect data from potential consumers. In return for your time and feedback, many survey sites reward participants with cash, often channeled directly to a PayPal account. It might be a bit of a stretch to categorize this as ‘cashback,’ but in essence, you’re getting money back for your time.

Reliable Survey Websites Offering PayPal Cash:

1. Survey Junkie: A popular choice where you earn points for each survey. Once you accumulate enough, convert them to PayPal cash.
2. Pinecone Research: This platform usually pays a flat rate for each survey, making it easy to predict your earnings.
3. Toluna: Apart from surveys, you can also engage in mini-polls and product testing to earn more.

Cash Back Credit Cards and PayPal: A Profitable Combo

Pairing cashback credit cards with PayPal can be a savvy financial move. How? Many credit cards offer cashback rewards on purchases. Instead of letting these rewards sit or using them without much thought, transfer them to your PayPal account. This way, you’re centralizing your rewards to one platform where they can either be withdrawn, saved, or spent. It not only offers a smoother transaction process but also helps you better track and manage your rewards.

In summary, cashback, whether through shopping, surveys, or credit card rewards, offers an efficient way to passively earn money.

FAQs

 Can I make money by selling products through PayPal?

Yes, you can sell products online and receive payments through PayPal. It’s a secure way to handle transactions for your online business.

 Is there a fee for receiving money on PayPal?

PayPal typically charges a fee for receiving payments for goods and services. The exact fee may vary depending on your location and the type of transaction.

Can I use PayPal to make affiliate marketing payments?

Yes, many affiliate programs offer PayPal as a payment method. You can receive commissions from affiliate marketing directly to your PayPal account.

How can I withdraw money from my PayPal account?

You can withdraw money from your PayPal account to your bank account or request a check. Some regions also offer PayPal debit cards for instant access.

Is it safe to make money through PayPal?

PayPal is widely regarded as a secure platform for online transactions. However, always follow best practices to protect your account, such as using strong passwords.

Can I earn money through PayPal by freelancing?

Yes, many freelancing platforms and clients offer PayPal as a payment option. It’s a common method for receiving payments for freelance work.

How long does it take to receive money on PayPal?

Typically, receiving money on PayPal is instant. However, withdrawing funds to your bank account may take 1-3 business days, depending on your bank.

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This article, "How to Make Money on PayPal: Great Ideas to Try" was first published on Small Business Trends