What is PayPal, How to Create PayPal Account?

PayPal

Nowadays, because of the Internet, a lot of our work gets done online. One of these is the transaction of money, which is the most online transaction or going through the internet in today's time.

Very few people will know about what is PayPal. So in this, you will be able to get complete information about PayPal.

When any person starts doing business online, he needs a medium to send or receive payment.

By the way, there are many online payment facilities available. One of them is also PayPal.

 

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What is PayPal?

What is a PayPal account?

PayPal is a popular American company providing online payment services around the world.

Which allows to transfer and receive funds electronically.

Through PayPal, anyone can transfer their money anywhere in the whole world easily and securely.

PayPal is the oldest and most trusted online payment service.

Which gives the facility to do national and international money transactions.

 

PayPal Account Types

Types of PayPal account

PayPal mainly has two types of accounts.

 

Individual Account:-

In this only payments are sent.

With this, you will also be able to pay for your purchases around the world.

 

Business Account:-

In this, the payment is received and sent.

The business account is suitable for individuals who do payments, sellers, freelancers, and businesses.

With this, you can receive and send payments abroad.

 

Required for PayPal Account

Email/mobile number (to create an account)

Bank Account (to get money)

PAN Card (for verification)

Debit or Credit Card (to send money)

 

How to create a PayPal account?

PayPal Sign up, PayPal account

Before creating an account, please read the type of account given above. And understand the difference between the two.

To create a PayPal account of yours, you have to go to the paypal.com website. Or you can install a PayPal app on your phone.

After that now click on the Sign-up button.

Then choose Individual Account or Business Account for yourself.

Then click on next.

After selecting Individual and next, you will have to enter the mobile number first.

After selecting Business and doing next, you have to set the business area and limit of transition.

Then on next you have to enter the email id.

Now you have to write your business type in it.

Then you have to write your pan card number.

Now click on submit.

After this, now you have to write your contact information, address, and mobile number.

All the information written by you should match with the bank account.

Keep us dollar selected in the currency.

If the business address and home address are the same, tick the box.

Now click on agree and continue.

After this, a mail will have been sent to your email which will have to be verified.

To verify, open that mail. Then click on the link to verify given in it.

Now click on add account to add your bank account to your PayPal account.

Only after adding the bank, the money received through PayPal will come to your bank.

While adding the bank, the bank details given on the passbook have to be entered into it.

There is also an option to add a card to it. With which you will be able to pay someone through PayPal through the card.

Now your account has been created. In this way, you will be able to create very easily.

 

After adding your bank/debit/credit card to PayPal, PayPal transfers a small amount or two to be confirmed.

After the money arrives in your bank account, you have to put the same amount in the box in your PayPal profile.

The added bank account is considered fully verified if the entered data is correct. After verifying, you can send and receive your money online anywhere.

 

Money transfer from PayPal

This does not require any special technology or license to transfer money.

PayPal takes some charge for providing services like sending and receiving money.

You can pay from your payment account only to those who have an account in PayPal.

 

We hope that you must have got a good idea about this. And you must have understood how the PayPal account is created.

If you liked this information, then please do share it.

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