In this blog post, I am going to let you know about the Paypal account setup. Peoples who are doing online business overseas or across the world then they will be aware of this PayPal account and most of them would have been using it for their sending and receiving the payment over the internet.
Paypal is the most efficient way to send and receive money over the internet. And it is very popular across all the countries where it has been using in.
Within this blog, we will cover lots of sections regarding PayPal account like What are the steps to create a PayPal account? How do I set up a PayPal account for my business in India?…
Which bank is best for PayPal in India? Create a PayPal account, PayPal business account, how to create a PayPal business account in India, PayPal account holder, Is a PayPal account free, PayPal Here account, Paypal account Kaise banana and etc?
What is Paypal Account?/ PayPal India
Paypal account is the most popular payment gateway to receive and send the money from one country to another country over the internet.
It is completely free until you purchase its premium business plan for some advanced working.
Paypal Account is a very fast medium to transfer the money from one place to another without any complexity.
It has been giving its service for many years with full reliability and authenticity.
It is very less chance to be cheated by any client where you are making the transfer of money using PayPal as PayPal has a very strict policy which saves you from any
kind of scam.
Paypal Account is very easy to set up your Paypal account as you can start sending money just after the creation of the account by linking your credit card or debit card.
And for receiving the money you just need to verify your linked bank account process which is a very simple process.
What is the benefit of this Paypal account?
If you are running a website or any kind of online business then a Paypal account could be a great help for you to enhance your business and in earning money.
As most of the affiliate programs use this medium for transferring the money, many CPC and PTC sites use Paypal account for the transaction of money, So if you will have Paypal then you will be participating in all these money makings programs.
If you are thinking to do a part-time job online then Paypal account can help you to increase your job finding circumstances and you can find a job anywhere in the world as most of the company pays you using Paypal.
Can we use Paypal Account within the same country?
This depends on the country to country, as in some countries their local government does allow Paypal Account as they do not find this ok with their policy. So you can do some R&D over this and can explore the same for your country.
Is a PayPal account free?
Yes, up to a certain extent it is almost free. Like you can easily create the PayPal account and can purchase the things and goods over the e-commerce sites or market or any other market where PayPal is an option for payment gateway.
But When you send and receive money over PayPal for your business and freelancing work then you have to pay a minimal fee (Selling is 2.9% + $0.30 per sale – Check the site for any updates) to PayPal.
But you don’t have to do anything for this, this is an automatic process. Whenever you receive any amount from PayPal then PayPal automatically deducts his share from your transaction money and the rest of the money is transferred to your PayPal account.
Is Paypal Account service available in all the countries……?
No, the Paypal Account service is not available in all the countries. You can check the list of the countries below where peoples can use Paypal service.
Note: You can also check the below link, as this list always keeps on updating. Just copy and paste the below link into the browser.
What is the step by step procedure to make the Paypal account?/ What are the documents required for a PayPal account?
It is a very simple procedure, you just need to follow the below procedure for the same.
Signup to Paypal account: Copy and paste the below link into the browser.
Click on the sign-up button as shown in the below image.
Here you will get two options one is more individual that is mostly chosen by a freelancer who has not to register their business yet but working as a freelancer.
If you have a registered business officially then you can go for a business plan option. See the image below for the same.
Here fill your email id and password as shown in the below image.
Here you need to enter your credit card or debit card details, though you can fill it later after completing all the primary stuff. See the image below.
Here your new PayPal account has been created and now you have to make some other necessary setting given below.
Click as shown in the below image to go to your Paypal account dashboard.
Here click on the notification bell and then click the option as shown in the below image.
Here you need to verify your identity. See the image below.
Enter your PAN card details and your residence address. See the below image.
This is purpose code if you do not have an idea or title for your work that is for what specific purpose you are using PayPal Account for? then just enter software consulting or freelance tourism as you can change it later.
Now, if you have not added the payment method or linked bank account in the earlier steps then you can link your bank account here. See the image below for the same.
For sending money you can add either a debit card or credit card.
For receiving the money you can link either a bank account or credit card. If you have a credit card then it is the best option for a fast linking process. See the below image for the same
Here enter the details of the linked bank account. See the image below.
Once you entered all the details you would get a deposit of two small amounts in your linked bank account, and then you need to verify that two deposit in your PayPal account dashboard for verifying your bank account.
So when you receive this small amount just get verified your bank account.
As these deposits are very small so you need to check your account statement online as this may or may not come through a mobile alert. So keep a regular check within 4-6 days. You can see the screenshot below for the same.
In case you did receive these deposits then you can resend them, or you can contact you’re concerning Bank support team whether they allow the PayPal service or not. If there is no problem with the bank then you can contact the Paypal Account support team, they will sort out your problem soon.
Here click on your account setting as shown in the below image.
Here you will get the option for email and phone verification. See the image below.
Verify your email address, click the verification link sent to your email inbox and then make one more login, your email will be verified. See the image below.
For phone verification, enter your phone number and then click ok, you will get an OTP number, enter that OTP number in the space provide at the dashboard and click OK, your phone number will be verified. See the image below for the same.
Now you are done almost, within 4-6 days your bank account will be approved and you will be able to receive the payments.
And for sending the payment or for shopping you can immediately attach your debit or credit card and can start shopping using your PayPal account. See the image below for the same.
In this blog post, we have explained to you a complete step by step procedure to set up the Paypal account. Paypal is one of the best media to collect and transfer money over the internet. It is safe to send and receive money through Paypal as it also provides the facilities to create disputes for an unauthorized and fraud transaction and you will get all your money back in your account.
Using this blog we have covered lots of sections like How do I complete PayPal verification, What are the steps to create a PayPal account, What are the documents required for PayPal account, How do I complete PayPal verification, What are the steps to create a PayPal account, How do I set up a PayPal account for my business in India,
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You can also go through some amazing blog post over PayPal which is given below:
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Hope! you would have enjoyed this post-Paypal Account: A Complete Guide For Paypal Account Setup…
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