Getting your first sponsored post is an exciting moment in your blogging life, but how do you actually get paid? Mostly, you need to submit an invoice.
Creating from scratch is one of the options, but you can also create and send through PayPal.
In this post, you’ll learn how to send an invoice through PayPal.How to Create an Invoice Easily for Sponsored Posts in 2020 Click To Tweet
How to Create and Manage an Invoice on PayPal
Step 1. Log in to your PayPal account.
Step 2. Click Send & Request. You’ll see Send an invoice link right side, click it.
Step 3. You’ll see a per-created template on the screen. You can change it by clicking My templates pull-down menu. But for now, we are going to use this template. Type the client’s email address into Bill to section.
Step 4. Write a Description (item name) and enter the Price that you charge for the client. Click the Send button. It’s done!
Step 5. After sending an invoice, you’ll jump to the page that shows all the transactions. Check the Status. If your client made a payment, Unpaid(sent) Status will change to the Paid. From this page, you can send a reminder to your clients too.
PayPal is extremely user friendly and easy to use but of course, it has pros and cons.
PayPal does not have any fees when it comes to basic transactions, like sending or receiving money between PayPal accounts within the US.
However, PayPal does have fees in some cases. The fees are usually associated with using a credit or debit card to fund payments, sending money abroad, etc.
You can transfer funds from your PayPal account to your bank for free, but instant transfers have fees. (1% of the transfer amount, capped at $10 per transaction.)
I’m not actively using PayPal unless clients choose PayPal for payment method. But according to Finances Online, 70% of payment method for freelance in the U.S. is PayPal.
If you are a freelancer, it may be a good idea to have a PayPal account. (it’s free to open)