PayPal is really catching up these days to be the best payment system in the world. And having PayPal account really makes it easy to make and receive payment over the internet very easy. Guide for PayPal Account setup is must for everyone who is new to PayPal and want to set up an account over PayPal. Hence stay with us on this guide for PayPal Account Setup to learn and set up your own account.
What is PayPal?
PayPal is an American company which is operating worldwide payment system. So basically PayPal is a payment method in which case you setup your account and you receive money or spend money over the internet. 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 get any of these three things with your 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 charges and you are not required to do anything in that.
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 individual who want 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 you 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 you 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 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 which 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. 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 you 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 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 question 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. Also if you want to learn about starting a blog for passive income then read here. And in last subscribe to our email newsletter below for future updates. And follow us on social media pages such as Facebook, Twitter, Instagram, Pinterest and Youtube.
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