Paypal is one of the largest online payment gateways that is used worldwide. It serves numbers of customers every day. PayPal was initially started in year 1998, but was taken over by eBay in year 2002. Paypal runs across 190 countries and allows you to transfer money to your friends, colleagues, relatives, or any other person. You can even shop through PayPal Account. You just need to sign up for Paypal Account and then need to verify few things in order to get your PayPal account. So, follow these steps to open PayPal Account.
Open PayPal Account
The first and the most important step is to open PayPal Website and look across its three services provided to the customers. You can pay online, send money and can even get paid. Paypal provides you with three major types of account namely- Personal Account, Premier Account, and Business Account. Here are steps to sign up for different accounts on Paypal.
Sign Up for Paypal Account
- Go to Sign Up Option
- Now, select the country and your residence
- Also select the type of account you wish to open
- Now, it will ask you for username and password. Username will be the email address of the person
- You also need to fill the person’s legal name, phone number, date of birth etc.
- Check the privacy policies and user agreement
- The Paypal account will be setup and will require the verification from PayPal
Access Give with Different Accounts on Paypal
If you sign up for the Personal Paypal Account, it will be free for you. This is basically for the individuals, who do not wish to receive fund and loves to shop. The Premier Paypal Account is for the people, who wish to send or receive money to people. It will charge a little when you are transferring the money, but receiving the money will be free. The Business Paypal Account is for the people, who operate under the company name. You will be charged for sending and receiving the money.
Information needed for opening PayPal Account
One needs to verify himself/herself, so that money transfer limit is unlimited. If you have a verified Paypal account then you can send and receive any amount of money. You need to enter the right name matching your bank details or credit card details. Other information required will be Social Security Code, Bank Account Details, Credit/Debit card details, and Driving License. PayPal may require some additional documents like driving license copy or bill copy to verify you. You need to upload the documents required on demand and get Paypal Account fully verified.
Set Up Security Settings
Once your PayPal Account gets verified you must update security settings to stay secured. Set the passcode from your profile page that can be used for contacting customer care support. A Passcode should be a 6 digit number but should not include the string of number. Enable the mobile security key feature.
Opening a Paypal Account will help you out in making the transaction worldwide and that too at a nominal fee in a secured way. Moreover, you will get the reliability or early payment as compared to other services. Signing up for Paypal account should be the first job for internet marketers and online companies.