everything mentioned above is exactly correct. I would just like to say that you really shouldnt mess with the pressure switch settings. It can start to get tricky with the pressure you need in your tank if you don't know exactly what your switch is set at. If you have a 20-40 switch and want more pressure, get a 30-50 or a 40-60 switch and adjust the pressure in your tank accordingly.
If that is what you do you will go to a lot of trouble changing pressure switches unnecessarily.
Make sure your gauge is good and it is easy to set a new pressure on the switch if you want to keep the differential the same.
To increase the setting:
1. Run the pump until it shuts off.
2. Turn off the power.
3. Slowly drain water until the gauge reads where you want to start the pump.
4. Turn the large screw or nut in the pressure switch clockwise until it clicks to close the contacts.
5. Turn the pump on and watch where it shuts off; then drain some water until it starts again. Adjust the switch a bit if necessary.
6. Turn off the power and drain all of the water from the tank. Then add air to 2 psi less than the "Start" pressure of the switch setting.
Alternate way to set the air (Step 6 Above) if you don't have an accurate tire gauge that reads the same as the water pressure gauge:
NOTE: This applies if you have a standard tank with a real volume about 3 times the GPM rating of the pump. It does not apply if you have a mini-tank with some kind of constant-pressure system or cycle stop valve.
1. With power off, drain all of the water out of the tank.
2. Turn power on and run the pump for about 6 seconds; then turn it off. This adds some water to the tank.
3. Add air to the tank until your water pressure gauge reads the START pressure that you set on the switch.