PayPal Company is a merchant and payment services based in the U.S.A. that operates a worldwide online payment method. The services they render have replaced the conventional paper transactions such as cheques and money orders with Online money transfer as an electronic alternative. Owing a PayPal account is free and but its services and convenience are rendered for a fee.
The company was established in 1998 has grown to be the world class online transaction company. Also, it is valued at over US$28.88 billion as at 2015. Although PayPal is currently the largest internet transaction company for various online payment with adequate security and safety, we have other payment platforms like Stripe and SagePay.
Once you own a PayPal account, you do not need to stress yourself about going to the bank or how to get money across to your business partners and clients who are not in the country with you. Just with the aid of a laptop or mobile device using your account we can easily transfer or receive the funds.
Once an account is created you can start receiving and transferring payment without fear of getting your funds into wrong Payment channel or privacy questioned. Therefore, prepare yourself to grab the best steps to follow while creating Paypal account. With the growth of technology into every aspect of a human being’s everyday engagements e-commerce inclusive, owning an account it a must for everyone.
Consequently, before I proceed with how to create Paypal account with your bank I will give you a little overview of how Paypal works. As I mentioned earlier, Paypal works with just your internet connection and charges just a fee for its convenient medium which makes it very easy to transfer money from the comfort of your home, office and anywhere else.
WHAT IS A PAYPAL ACCOUNT?
It is an online payment platform that is designed to facilitate a smooth process of online money transfer. It supports the transferring of cash online, buying or making purchases on e-commerce sites, sale, donate and as well receive funds online. Though it has a wide recognition, it is restricted to countries that are on U.S.A economic sanctions list( Pakistan, Iraq, Afghanistan and so on).
UNIQUE SERVICES OF PAYPAL
- Sending and receiving money from your PayPal balance/bank account is free.
- Your email address and payment link are the only required criteria for somebody to send money to you.
- Also, PayPal offers three main types of account namely: Personal, Premier, and Business Account.
- There is also a provision for Student Account.
HOW TO CREATE AN ACCOUNT – STEP BY STEP
To create our Paypal account we need few things like Email address, Bank account number and mobile phone number.
STEP 1: Log in to www.paypal.com.
Using your mobile phone or computer visit their website on your web browser.
STEP 2: Click on Sign UP at the homepage of the Website.
On the homepage, Click on the Signup button to access Paypal Sign up page.
STEP 3: Select an Account Type, and then click “continue”.
Here you are posed with different account types, select your preference and continue.
STEP 4: Enter Your personal details.
In this step, you will be required to fill in the following information:
- Email Address,
- First Name,
- Last Name,
- Date of birth and much other personal information like Address, City and so on.
STEP 5: Click on Agree and Create account.
After you have entered all your personal details, click on agree and then create account.
STEP 6: Fill Your Bank details.
Once you have clicked on create account, a page will open. On the new page enter your bank account details making sure it is correct.
STEP 7: Verify your Account
After filling your bank details, your account will now be verified. This is done by PayPal sending a small refundable amount of money to your bank account. To confirm your verification, you will have to refund the money back. Also in sending the money back make sure the code you entered is exactly from Paypal deposit.
STEP 8: Done
Once you have sent the money back you have successfully confirmed your verification. Congratulations, you have an account.
Setting up your Account
Having an account is one thing and making use of it is another. These few settings will show you few tweaks you can make to your account. Though it has a good user interface and an awesome user experience, few changes can be made to your settings.
- Visit the website
- Log in to your account using your username and password.
- Click on the Profile link below My account tab.
- On the page that opens you can reset the following account information:
Email, address, password and so on.
- Also, financial information like your credit card associated with your Paypal account, view account balance, set up your online bill paying and as well redeem gift certificates.
- Setting Preferences such as set up for auctions, registering a website as a Paypal shop as well setting your shipping preferences and invoice templates.
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