PayPal is a website that you can use to make payments online, by using its name, a person can send money anywhere in the world or take payment from some other person.
If you have an online business and you sell anything online, in such a way, you can trade your money with the help of PayPal. It is a safe and secure method. PayPal is often employed by anyone, whether it is a common person or a businessman if you have a business that is spread all over the world and you sell some stuff, currently you’ve got to cash for obtaining get procure get hold of a payment or money for you’ll be able to not attend the globe, neither has it been created for PayPal in order that you’ll be able to simply send cash or take it at any place within the world.
PayPal is the most popular online payment service company in the world, almost every penny in the world is paid by the use of PayPal because it is a very trustworthy company.
Types of PayPal Account
PayPal accounts are of three stages: A Personal Account, Premier Account, and Business Account Let us know about these three accounts in detail.
1. Personal Account:
We also call the personal account as an individual account. This type of account can be used to make online payments and can take online payments. If someone wants to pay you online, then the user will have to directly pay you with his or her credit card or debit card, the user will be able to pay you the balance in the PayPal account. You can send money only by using it mostly for personal use like online payment etc.
2. Premier Account:
With the help of this account, you can pay online payment or receive online payment, However, the unique feature of this account, is that it is a different kind of credit card or debit card. While you cannot do these things in the personal account
3. Business Account:
This type of account is used by the people who havebusiness, i.e. business people such as a company or an organization, etc. This type of account is available for all types of cards such as credit card debit card Etc.
Benefits of Using PayPal:
- With the use of PayPal, you can send money or take it anywhere in the world
- PayPal is a secure online payment service and all your information are safe.
- By PayPal, you can pay with the use of credit card and debit card.
- With PayPal, you can send your money directly into the bank account.
Essential things for PayPal Account:
You need to have an email account to create a PayPal account because PayPal deals with an email account.
If you have to send money to a bank account by PayPal, you will need a PAN card number then you will be able to send the receipt of money in your bank account.
If you have to send money to someone, then you should have a credit card or debit card, only then you can send money.
How to Make a PayPal Account
Open PayPal Website and click on Signup:
To create your PayPal account, first, you need to go to paypal.com website and then you will see the option of Signup on the right side.
Now select PayPal account type:
As soon as you click on the signup, it will now ask you to select the account type, then you have to choose an Individual or Business Account.
Attention: If you want to use this account for your personal use, then you can click on individual pay and if you want to use this account for your business, then click on the business card.
Now enter the email ID and password and click on Continue:
Now you have to fill your details like country name, email address and password then click continue.
Now enter your correct information and click on the Agree and Create Account:
Now you have to put all of your information right, such as your full name, birth date, address or postcode, etc. Please note that here you have to enter your name which is written in PANCARD after this, you have to click on “I agree” to Create the account.
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Now click on the link my card later:
Now if you want to make a payment, you can apply the details of your credit card or debit card here or you can also fill this information later, for that you click on the link my card later.
Then your PayPal account will be created. After this, it will ask you for details of your bank or credit card or debit card. If you have to pay someone or take any payment, then you will need your PAN card it is necessary to receive any payment.
Some questions about PayPal that will be in your mind?
1. We have created a PayPal account. Now how do you get the payment from anyone?
If you want to take money from anybody, then you give your PayPal account email to the person you had initially made when you created the account. Your email ID is your PayPal account Id. The email will be sent and the person will send money to your PayPal account.
2. Now how do we send money from PayPal?
You need the email address of that person i.e. PayPal account, after that, you can go to your account and send money by clicking on SEND.
3. Does PayPal charge separately for sending money?
yes! PayPal charge 4% or 5% of the amount you receive for example if someone has sent you 100 $ money You will get money around $ 95.
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