What is Paypal | How To Create Paypal Account And Verify It

PayPal – Create & Verify PayPal Account ?

Most of peoples googling what is Paypal? How to create Paypal Account? How to use Paypal etc. So I'm here to explain you what is Paypal? Why we need Paypal and How its work and How to create Account in Paypal

What is Paypal?

With PayPal, you can send and receive payments through the internet. Once you sign up for PayPal, you can send money to anyone with an email address using the money from your PayPal balance or another funding option of your choise. Recipients are notified by email that they have received a payment.

Is Paypal Safe. Yes, PayPal is the world's largest online payment network, serving over 20 million members in 38 countries. PayPal is the preferred method of online payment forauction sites such as eBay. PayPal allows guaranteed secure payment over the Internet with your credit card or bank account by taking your information once and then using that information to make payments to other parties.

How Paypal Works

You submit your credit card and/or bank account information to PayPal.
When someone requests payment from you, you go to PayPal.com and login to your PayPal account. You enter the email address of the person or company you wish to make payment to and the amount you wish to pay. PayPal will charge your credit card or debit your bank account and send that amount to the other party's account. Both parties will receive an email to confirm the transaction. No credit card or bank account information has been transmitted via the transaction. Remember, you must have a PayPal account to send or receive money via PayPal. The registration process is quick, easy, secure, and FREE!

Other Reasons Why We need Paypal Account

If you are looking to make money online if you want to start an online business or even if you are working as a freelancer, its very necessary for you to have a PayPal account.

Now How to Create Paypal Account

Requirements
Bank Account.
Pancard.
Email Id.

What if You Don't 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 Bank Account .
☞ PAN card:- Then immediately apply for PAN card & you can get it in within 1 month. OR you can use other’s PAN card but PayPal ask the bank details of the same person as PAN card.

You need to add a bank account in PayPal to verify your account & if you receive payment from anyone then with in 1-2 days your money will be transferred by PayPal to your bank account.
If you don’t have a bank account, still you can open a PayPal account but your PayPal account will be treated as unverified PayPal account until you don’t add bank details on it. Unverified bank account have certain limitation in sending and receiving money.

Opening a PayPal account is Totally FREE & your email ID is the your PayPal account.

There is no need of any type of debit or credit card to open PayPal account. You can add debit card or credit later after opening account, if you want to buy something online. But it’s not necessary if you only want to receive money that you have earned online.
PayPal is very secure so don’t worry about your money. It provides security through SSL (Secure socket layer). Your details transferred over internet in encrypted form. It’s impossible for hacker to hack your account.
You need to remember your Email Id through which you are going to create PayPal account and Password.
Don’t share your password with anyone.
You can also transfer moneyfrom one PayPal account to another PayPal account.

Steps to Create a PayPal Account

STEP 1:- Visit Paypal.com click on Sign up as shown below in Screenshot :-

STEP 2:- Select Individual account & click on Continue.

STEP 3:- Enter your name & email address & click on Continue.

STEP 4: Fill the form carefully and completely & then click “Agree & Create Account” .

STEP 5:- You will be asked to link your credit card or debit card. You can add if you have & want to add other wise click “I’ll link my card later”.

Step 6:-Your PayPal account is created. Now click the bottom link as shown in the image below :-

Step 7:- Now you will be asked to confirm your email account. Check your email for the activation link & activate your account.

Step 8:- Next, you will be asked to provide security questions. Do it properly as PayPal asks this at the time of account password recovery.

Step 9:- Next, it will ask to add bank details. You can add the bank account number & IFSC code. PayPal sends 2 small deposits between 0.5$ to 1$ (depends which Country you live) in your bank account. You need to check your bank account & provide the exact value to confirm the account.

Step 10:- Later on, 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 other wise it will not work properly.

What is verified PayPal Account ?

When you attach your bank details in your PayPal account, then your account will be verified PayPal account. After attaching your bank account details your PayPal account becomes an auto withdrawal account. It means if you have some money in your PayPal account it will automatically transfer in your bank account.

Why should I have Verified PayPal Account ?

Unverified PayPal account have certain limitation. You can send and receive money upto certain limit. There are also some site on internet which pay in your PayPal account only when you have verified PayPal account.

How to get verified Paypal account ?

To get verified Paypal account you need to attach two thing mainly.
☞ Bank account details.
☞ Purpose code.

Step 11:- Add a purpose code Advertising and market research. Purpose code helps your country's Central bank to track the type of transaction that is going on.

After this you will see screen like this

Click on Overview and you will see screen like this

Step 12:- Add Bank Click on Add bank and you will see screen like this.

Now you need to enter following details in the form page

☞ Name of account– Your name must be match with your name that is mention in your PAN Card. Overall your PayPal account name, PAN card name and Bank Account name must be same.
☞ Bank name– Please enter your bank full name. Not use short Form.
☞ NEFT IFSC– Either you can ask your bank customer care or refer your cheque book for NEFT IFSC code. Or you can search in google typing ''IFSC code your bank name''.
☞ Account number – Enter your Bank Account Number & repeat the number again in another ‘re-enter account number’ field.
☞ Click on the check box to make your account auto withdrawal. It means when money will be received in your PayPal account it will be automatically transferred in your bank account within 2-3 days. You even don’t need to make a request for sending money in your bank account by login to your PayPal account.

Step 13:- After this click on continue then click on save and make sure all information are correct. PayPal will send two small amount in your bank account within 6-7 days.
Now, when you get this amount in your bank account open PayPal site & login. Click on my account then Get verify link as shown in screenshot below

You will see two text box there, enter these two small amount money in these two text box and your account is verified now.

How to add debit card /creditcard to PayPal ?

When you are linking a credit card to your PayPal account you will face no issue. You can always add a new one,edit old one or remove old one by going to Profile > Link/edit credit card.

Any question, doubt or stucked in any step Comment box is below.....