Most of the people make online transactions. Nowadays if you are looking to make money online or if you want to start an online business you need to have a PayPal account. PayPal is a popular online payment system that lets you shop online without having to re-enter your information for every transaction.
PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and other commercial users, for which it charges a small fee in exchange for benefits such as one-click transactions and password memory.
If you are looking forward to creating a PayPal account, you are on the right page. In this tutorial we have explained
- Features of PayPal.
- Documents Required To Create PayPal.
- How to Create PayPal Account.
Features of PayPal:
PayPal became popular recently with its amazing features. Few of them are mentioned below.
- Support local currencies
- Top-notched customer service support
- Automated currency conversion
- Invoicing feature
- Withdraw money to the bank account
- Supports multi-languages
- Ability to get a refund
- Chargeback feature
- Supports automated payment
- “Bill Me Later” feature.
Documents Required To Create PayPal Account:
PAN Card (Must)
However, if you donot have a bank account then you can’t use PayPal or open a new bank account. OR you can use your father, mother or husband PAN card.
How To Create PayPal Account?
Open PayPal on PC or Mobile phone.
Then, select Individual account & click on Continue.
Enter your Email Address and other required details in the given fields.
Enter all your details correctly and Click on agree & continue.
You will be asked to link your credit card or debit card. You can add if you have & want to add otherwise click “I’ll link my card later”.
Your PayPal account is created. Now click on “Go to Your Account” at the bottom of the page.
Confirm the Email address. Check your email for the activation link & activate your account.
Next, you will be asked to provide security questions. Do it properly as PayPal asks this at the time of account password recovery.
Next, it will ask to add bank details. You can add the bank account number & IFSC code. PayPal sends 2 small deposits between Rs.1 to Rs.1.5 in your bank account. You need to check your bank account & provide the exact value to confirm the account.
Later, you need to add your PAN card so that your account will be verified. Your name in bank account should be same as in your PAN card otherwise it will not work properly.
Verify PayPal Account:
You need to attach Purpose Code & Bank account details in order to verify PayPal Account.
Add a purpose code Advertising and market research.Purpose code helps RBI to track the type of transaction that is going on.
Click on the overview.
Next, click on add bank.
Enter your bank details.
Click on continue.
How to Log On To PayPal Account Using Mobile App?
Download PayPal mobile app from Google PlayStore or Apple Store
Now, install the app. When you are done with the installation, click on the app icon to launch it.
Enter your username and your password.
That’s it. Do let us know any queries in the comment section below.