How to set up a PayPal account

How to setup a PayPal account: It is a piece of cake to set up a PayPal account. There’s more to it, however, than simply completing a form with your name and email address. There are a few phases and requirements that we’ve outlined in this in-depth guide that you should be aware of.

To set up a PayPal account, you would need a few things, like a credit or debit card for making payments, your credit card / bank statement for verification purposes, and, in some cases, even a passport-like form of ID.

Types of PayPal accounts

You need to know which kind of PayPal account you want to make before we get into how to set up a PayPal account. There are two types: personal and business, and each of them has certain advantages and ideal uses.

A personal PayPal account is everything you need if you just want to send money to friends or do some online shopping. This is the simplest kind of account to set up, and it’s the one you want to use for the vast majority of people.

The other PayPal account type is explicitly for businesses. If you would like to sell products online and accept debit and credit card payments for a small fee, choose this option. A business account also enables the account to be used by up to 200 employees and offers certain other special benefits.

For the purposes of this guide, we’ll concentrate on how to create a personal PayPal account, but for both types of accounts, the process is quite similar.

How to set up a PayPal account

Let ‘s begin with the basics. Visit PayPal website to set up a PayPal account and click the Sign Up button in the top-right corner of the screen. The next move is to select the type of account you want: Personal or Business.

Fill out the form that shows with your name , email address, and password is the next step. You have to pick the country in which you live, too. By selecting your nationality and typing in your address , phone number, and any other information that’s required, hit Continue and then fill out the second form. Until you click Continue, it will build your account. But you’re still far from done.

You need to add your debit or credit card to begin using PayPal. This will link a bank account with your PayPal account so that you can deposit or withdraw money from PayPal. By clicking the blue Get Started button and filling out the form that pops up , you can do that. This is technically optional, but your PayPal account is severely limited without it.

If you haven’t already, the last step in this process is to check your email address by clicking the link in the email sent by PayPal to you.

We have listed below the complete list of brief steps for your reference.

How to set up a PayPal account

1. Visit PayPal’s website and click the Sign Up button in the top-right corner.
2. Select the account type you want — Personal or Business — and click Continue.
3. Add in your name, email address, and password, and then click Continue.
4. Add in your address and other required info, and then click Continue.
5. Optional: Click the blue Get started button, add in your credit card info, and click Add card.
6. Verify your email address by clicking the link in the email sent to you by PayPal.

How to verify a PayPal account

For security reasons, you may need to verify your PayPal account before you start using your credit / debit card or bank account. Login into your account to verify a PayPal card, click Wallet, and then select the card you want to verify. Then click the Confirm card link, followed by OK, after which PayPal charges your card with a small amount of money. Don’t worry, a couple of days after the card is verified, you’ll get the money back.

You need to verify your credit card to properly set up a PayPal account

The next move is to check the cost of PayPal on your credit card statement and use it to validate the card. It’s a four-digit code. In your PayPal account, just click the Wallet tab, select the card that you want to check, enter the four-digit code, and then click Confirm. That’s it: to send and receive money, you can now use PayPal.

The process for bank accounts is more or less the same, with the biggest difference being that PayPal can make two deposits in random amounts between $0.01 and $0.99 to your bank account. When that happens, in order to verify your bank account, you have to enter these two amounts, the same as entering the four-digit code to verify your credit card. And no, you will not be able to keep the money deposited by PayPal to answer your next question. Sorry about that.

Again, we’ve briefly listed the step-by — step instructions below.

How to set up a PayPal account

1. Click the Wallet tab and select the card you want to verify.
2. Click the Confirm card link followed by OK, after which PayPal will charge a small amount to your card.
3. Check PayPal’s charge on your credit card statement and write down the four-digit code.
4. Click the Wallet tab in PayPal again.
5. Select the card you want to verify.
6. Enter the four-digit code and then click Confirm.

If you later add another card or bank account to your PayPal account, you will also have to verify that. Another thing to note is that, at any given time, PayPal can request a form of identification from you. Once a certain amount of money passes through your account, this most often happens. Depending on the country you live in, it varies, but it’s mostly a way to prevent fraud and tax evasion, which is a good thing.

You have it there, folks. That’s all you need to know about how to set up a PayPal account. The process is free , easy, and does not take a whole lot of time, as you can see.