
Merchant Setup and Administration Guide January 2010 9
1
Setting Up and Administering
Your Account
Before you take your first payment on your PayPal account, consider the following:
z How do you want your name to appear on credit card statements?
z Will you accept payments from other countries?
z Do you want to grant account access to other users in your organization?
z What currencies will you accept?
Use your PayPal account profile to set and edit these options.
Read the following topics to learn about the profile settings:
z “Adding Your Credit Card Statement Name” on page 9
z “Blocking Certain Kinds of Payments” on page 10
z “Adding Users to Your PayPal Account” on page 17
z “Handling Multiple Currencies” on page 23
Adding Your Credit Card Statement Name
When PayPal members pay with credit cards on file with their PayPal accounts, the transaction
descriptions appear on their credit card statements in the following format:
PAYPAL*MERCHANT
By default, MERCHANT is:
z For premiere accounts, the mailbox name of the email address that you specified when you
signed up your account.
z For business accounts, the business name that you specified when you signed up for your
account.
The value you specified is converted to all upper-case letters, spaces are removed, and the
result is truncated to eleven characters. The result is stored in your account profile as your
Credit Card Statement Name.
The default value for your Credit Card Statement Name may be difficult for payers to
understand. To reduce chargebacks and payer confusion, replace the default Credit Card
Statement Name with one that accurately reflects your business or legal name. Use the
Payment Receiving Preferences page to make this change.
1. Log in to your PayPal website at
https://www.paypal.com.
The My Account Overview page opens.
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