How to Open a Paypal Money Market Account
PayPal is a well-known way to pay for auctions and other purchases online. Its debit card, which offers cash back, is also a good way to earn a little extra money. The PayPal money market account offers a profitable method for using PayPal.
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Instructions
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Open a PayPal account. Confirm banking and credit card details in order to activate the account. Choose a back up funding method.
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Fund the account through either bank transfers or earning money through ecommerce. Use the back up funding anytime the first funding source is inadequate.
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Study the PayPal Money Market Fund prospectus. Read the entire contract and understand the risks involved in investing in this fund. Treat it as you would any other investment plan.
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Enroll your account into the money market fund. Receive shares of the fund that are bought with the money in your PayPal account.
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Buy and sell shares of the fund automatically every time you spend money from your PayPal account or add money into it. Keep your spending from the account to a minimum, as PayPal reserves the right to close your account for excessive activity.
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Earn dividends every month on your shares in the fund. Continue to fund your account and buy shares in the fund as long as the rate of return is favorable.
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Tips & Warnings
Accounts are for short or long term investments and can be started with only $1.
Open a PayPal Money Market Fund account with the funds from your PayPal account.
PayPal posts its latest rate of return on its site. A recent rate is posted on the sign up page.
