Using PayPal to Accept Payments for Your Home Business

Yesterday, I mentioned that bounced checks are sometimes a hazard of a home business. You do the work, and then a check bounces. While I have a few clients that pay by check, the bulk of my income is handled through PayPal. I actually really like this arrangement, since it provides a quicker way to get money I am owed. Additionally, payment clears quickly, and I do less work for free if something goes awry.

Other features that I like about PayPal include:

* Ability to generate monthly statements.

* I can invoice my home business clients easily (and with a saved template).

* Transferring money to my business bank account is simple.

* Fees are low (and tax deductible).

* Accept e-Check payments.

Do you use some sort of third-party payment for your home business? What do you like about it?