PayPal is an online payment system that allows you to pay for items online and send and receive money securely.
By linking your bank account, credit card, or bank account to your PayPal account, you can use PayPal to make online purchases at participating stores. PayPal acts as a link between the bank and the merchant and keeps your payment details secure.
You can also use PayPal to send money securely, and receive money from, friends and family. This feature is useful, for example, if you split the rent with your roommate or get paid for your birthday. Here is a complete, easy & step by step guide on how to Set up a PayPal account.
Set up a PayPal account Features
- IP- and browser-sensitive software: PayPal has upgraded the security software for locating your user’s account when you log into your PayPal account.
- Privacy and Confidentiality Information: Information stored on your credit card or bank account is not disclosed during a financial transaction or transaction.
- Multiple emails for convenience: Account holders can link up to 8 email addresses to a single bank account, making receiving and billing easier and more flexible.
- Easy withdrawal by bank or credit card: You can withdraw PayPal funds with a credit card or bank account. Transactions are usually completed within 3-5 business days.
- Transaction Protection: PayPal has a unique way of resolving transaction disputes that protect buyers and sellers.
- Active customer support: PayPal has a reputation for extremely fast and efficient customer support, as inquiries are answered promptly via email and phone within two business days via email.
- Simple account setup process: Paying with PayPal is very easy. It takes less than 10 minutes to draw conclusions.
- Country Specifications: Each PayPal-approved country has its own terms and conditions regarding account usage. In some countries, credit card and bank account verification are also required for full access to your account, while others are restricted to sending and receiving only.
PayPal account types
- Personal account
If your main goal is to make money online or send and ask for money from friends and family, your Paypal account is for you. You can also earn money from your account by selling goods and services online at lower commissions.
However, if you use your account to sell, your name will appear on each transaction that affects your privacy. Also, if you trade using your personal account, the payment method is limited. A personal PayPal account is a great way for those who sell goods and services from time to time.
- Business account
If your goal is to sell products and services online, your Paypal business account is designed to accept payments from customers. A business account also has all the benefits of a personal account:
- If the customer does not have a Paypal account, they can also pay with a credit card.
- You can create an account in the name of your business to help protect your privacy.
- Up to 200 employees can access and use their business accounts.
- Print labels, track payments, and get real-time customer support.
- PayPal Payment Pro (Paypal Pro)
Basically, Paypal Pro is a business account acquisition process, so you can get all the benefits of a business account and be able to receive payments by phone, fax, or post. Paypal pro is very common in large businesses with a high level of daily transactions and requires features of Paypal pro to improve cash flow.
Important Tips When Opening a PayPal Account
- Please read the terms and conditions of the country you wish to log in to avoid TOS violations.
- Do not log into your PayPal account on public internet sites. This could jeopardize your identity and account.
- If you suspect your IP is at risk, clear your browser cookies, history, and cache at least twice before logging into your PayPal account.
- If you are using a VPN connection, make sure to properly clear your browser history and cache before installing the PayPal website and logging into your account, then connect to the VPN.
- If you are using a VPN connection, make sure the VPN is actually connected to and that there is an IP change in the country you are looking for (i.e. the country of your PayPal account). Use more than one IP test to verify connectivity.
- Avoid insecure VPN services as they can expose your location and put your account at risk.
- Make sure that only valid credit cards, such as PayPal, are used for authentication, and the integrity of all accounts is checked regularly.
- Whenever PayPal rejects a transaction that has just started, simply stop and opt-out of your account. Do not try to do the prohibited thing more than once.
- You can easily check and withdraw PayPal amounts using Payoneer.
- If you live in an unsupported country, you can use our withdrawal service. Some of them have very low and very cheap deals. You can get these services for your PayPal account by clicking here.
Set up a PayPal account
- Visit the Paypal website and click the Sign-Up button in the upper right corner of the screen. Now select the desired account type (Personal or Business).
- You must have to enter your phone number.
- Then fill out the form with your name, email address, and password and click Continue.
- Then fill out the second form by selecting your nationality and entering your address and other required details.
- Click Continue and PayPal will create your account.
- The final step in this process is to verify your email address (if you haven’t already, click the link in the email sent to you).
To start using PayPal, you’ll need to enter a debit, credit, or bank account. This will link your PayPal account with your bank account so you can deposit or withdraw money. This is voluntary, but without you, your account will be severely restricted.
Verify your PayPal account
- Open PayPal.com and log in to your PayPal account.
- Click the Payments & Payments tab.
- Choose a bank and card from your wallet.
- Please check your bank account or credit card capabilities to receive PayPal deposits.
- Use a 4-digit code (card) or 2 deposits (bank account) to verify your account.
If you want to add another card or bank account to your PayPal account later, you will need to verify that account too. Another thing to note is that PayPal may ask you for a form of identification at any time. This usually happens when a certain amount passes through your account. It varies from country to country, but for the most part, it’s a way to avoid scams and pay taxes. This is a good thing.
Is it free to Setup a PayPal account?
Opening a PayPal account is free, and sending and receiving money between PayPal accounts in the United States is also free. However, sending money to a bank account or sending money overseas involves a lot of money.
So if you want to avoid paying a large transfer fee and save up to 7x, Wise can be another great option. With Wise, you can send money at real market prices without surprises. Well, obviously, it saves a lot of money.
Set up a PayPal account FAQs
What did I need to open a PayPal account?
To set up a personal account, you must give your full name, address, cellphone number, and email address. For security, create a password for your new account and choose 2 security questions.
Can I use PayPal without a card?
no doubt; You can pay and receive money from PayPal without credit or bank card. However, you have to create a PayPal account and link your bank account.
Need a PayPal bank account?
You don’t need a bank account for money transactions through PayPal. However, you must have a bank account to withdraw money from your PayPal account.
Having trouble using PayPal?
Sending money to friends and family using PayPal is free, but there are fees if you send money via PayPal as part of a business transaction. PayPal also charges a 1% fee if you want immediate access to your money. Free bank transfers take a few days.
Is there a monthly fee to use PayPal?
We don’t charge a monthly fee and we don’t need a small balance. We do not charge for inactive or limited use of the card. … you won’t be charged when family and friends send money to you using PayPal Send & Receive Financial Services.