PayPal is really catching up these days to be the best payment system in the world. And having an account there really makes it easy to make and receive payment over the internet very easy.
Guide for PayPal Account setup is a must for everyone who is new to it and wants to set up an account over there. Hence stay with us on this guide on learning how to set up a PayPal account if you are completely new to it.
What is PayPal?
It is an American company which is operating worldwide payment system. So basically PayPal is a payment method in which case you set up your account and you receive money or spend money over the internet.
It is an online payment system which is operated in majority of countries and it has headquarters at the USA. They are using various technology innovation and strategies to provide a powerful and secure way of transaction online.
To get a PayPal account one thing is a must is that you need to have a Bank Account. If you do not have Bank Account then at least you should have a Credit Card.
Hence to get a PayPal account you need to have any of these three things such as a bank account, credit card, or debit card. PayPal also lets you operate as merchant account if you want to be a seller on websites like eBay, Swappa etc. They make payment simplified for you, for example, they will take care of the refund and other transaction charges if you are registered as a seller.
Guide For PayPal Account Setup
Let’s dig into getting the PayPal account first and let talking about its features later maybe if required. So to start obviously you need to visit the official PayPal.com website. Once you are on the PayPal.com website on the top right corner you can see the signup button.
Click on the Sign-Up button and then you will be asked whether you want to set up a personal account or business account. Select Personal Account or just in case you are a seller over eBay n all then you can go with Business Account.
But if you are an individual who wants to set up just for transferring money and receiving money over the internet should select Personal Account.
Click Next, after which you need to enter you details such as your email address with which you want to register the PayPal account.
Note that your email address will the main id with will be used for payments. So make sure you enter the correct and valid email address which you are using.
Then enter your mobile number, first name, last name, and password. Then a code will be sent to your mobile number that is the OTP enter that OTP and you will be registered then.
Note that the OTP method is used to verify that the mobile number you have given is correct and you are not faking the mobile number with any random phone number.
After that, you need to verify your email address as PayPal will send you an email verification mail. In which you will be watching a link that will verify your email address click on that link and your email will be verified and PayPal will notify you that your email has been verified.
Once you have verified your mobile number and email id. The next thing you need to do is to link your Bank Account or Credit or Debit Card with the PayPal Account. You can see Link your Bank option is displayed on the Dashboard.
Select Link Your Bank and follow the steps shown in the setup. There you have the option of Bank Account of your countries available.
So suppose you are from the USA you can see Chase, Bank of America, etc and if you are from India then you can see Bank like SBI, Axis Bank, ICICI Bank, etc.
Select your Bank and then enter your details there whatever is asked such as Account Number, IFSC Code, etc. Once you have submitted all the details PayPal will make two small transactions to your account.
I mean they will deposit some small amount of money in your account in a week and then you need to enter the exact amount which has been deposited by PayPal to confirm your Bank Account.
The same procedure goes for the Debit Card and Credit Card. But for some of the Credit Cards, there are no transactions made your card will automatically be linked using the OTP method.
Enter the details as asked above to get your card added to your account easily. Make sure that the billing address is correct as most of the time because of billing address the card linking problems occur.
So once you have linked any of the two either Bank Account or Debit or Credit Card then you are ready to use PayPal anywhere in the world.
That all if you have any questions or queries or you are stuck anywhere then feel free to ask in the comment section I will try to get it fixed for you.
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