Do you know the procedure to create new PayPal account? If not, learn the steps that are required to create a new account in PayPal.
The moment you start working online, you need a medium through which you will be able to send and receive payment. You generally use your credit card or debit card when you make an online payment , but if you want to receive a payment, you need to use services like PayPal.
PayPal has been one of the oldest and most-reliable services to send and receive payment. In particular, if you belong to Asia or the United States, you can blindly trust PayPal as their service is the best when it comes to receiving payment from overseas. The moment you login into a PayPal account, you will be able to start sending payment right away (after linking your account with your debit or credit card).However, in order to receive payment, you need to link your PayPal account to your bank account.
Founded in 1998, PayPal Holdings Inc. is an American based company that mainly deals in operating online payments through which users can transfer money online. It also serves as an electronic alternative to traditional paper methods like checks and money orders. The company is also into payment processing for online vendors, auction sites, and many other commercial users. It also charges a fee from its users for giving them benefits like one-click transactions and password memory. PayPal’s payment system is also known as PayPal and is considered a type of payment rail.
There are 2 types of PayPal accounts: Personal and Business. If your motive is to just make purchases and transfer money to family and friends, you should open a Personal account.
The purpose of a Personal account is to:
Repay a friend for your share of lunch.
Send money as a gift.
Buy a book online.
On the other hand, Business accounts should be opened for online merchants who work under a company or group name.
The purpose of a Business account is to:
To run under your company or business name.
Receive debit card, credit card, and bank account payments for a low fee.
Give 200 employees limited access to your account.
You need to sign up for PayPal products to use the facilities and also meet the business needs, such as PayPal Checkout.
Create a separate email address for your customer service issues.
Thus if you want to open an account in Paypal, you have to follow the below steps.
Here’s how to sign up for a PayPal account:
Click Sign up for a PayPal account.
Choose the type of account you would like to create and click Get Started.
Input the required information and click Continue.
Follow the instructions to complete your account sign-up.
Once you have finished signing up for your account, you can add a credit or debit card and start making payments right away.
By using a Paypal account , you will be able to make online payments without revealing your credit card details.You can also use your debit card to make payment. It also supports many people who do not use credit card.You can even receive payment from overseas accounts.
For quite a while, PayPal has had multiple types of payment accounts. Each type is meant to cater to the needs of a particular type of user be it buyers, sellers, and businesses. However, all the type of accounts is pretty much the same at their very core. But one should know the differences as they are simple and useful. You must know that the right account type can make your life easier. If you are facing problem with Paypal Customer Service phone number +1-888-432-7605 to fix issue Quickly.
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