Paypal account_ What is PayPal? vHow to open a PayPal account? vPayPal Account Opening Rules 2019

Paypal account_ What is PayPal? How to open a PayPal account? PayPal Account Opening Rules 2019


If you want to make money online or if you want to start an online business in India or even if you work as a freelancer then the most important thing you need is a PayPal account.

What is PayPal? 


PayPal is like an online bank and if you have a PayPal account, you can send or receive money around the world instantly.

If you make money online, you need a PayPal account.

Most companies prefer to send your earnings to your PayPal or Payza account. Payza has a lot of likes on a Payza account.

And if you have an online business and want to sell your products online, you can easily get payments from your customers with a credit card or PayPal account.

There are other payment gateways as well, but PayPal is the most convenient and preferred way around the world.

You need to add a bank account to PayPal to verify your account, and if you pay within 1-2 days, your money will be transferred to PayPal to your bank account.

If you do not have a bank account, you can open a PayPal account, but your PayPal account will not be considered an unverified PayPal account unless you add its bank details. There are certain restrictions on sending and receiving money from a non-bank account.

You need a PAN card and a working email ID to open a PayPal account.

Bank Account, PAN Card If you do not have: -

 

Bank Account: Then you will not be able to use PayPal or open a new bank account. Or you can use your father, mother or husband PAN card.

PAN Card: Then apply for PAN Card immediately and you can get it within 7 days. Or you can use another person's PAN card but you want to know the bank details of same person as PayPal PAN card.

It doesn't cost any money to open a PayPal account, and your email ID is your PayPal ID

No debit or credit card required to open a PayPal account If you want to buy something online, you can add a debit card or credit after opening the account. But it is not necessary if you want to accept the money you have earned online.

PayPal is very secure so don't worry about your money. It provides security via SSL (Secure Socket Layer). Your details are transmitted across the internet in encrypted form. It's impossible for hackers to hack your account.

You need to remember your email id by which you are going to create PayPal account and password.

Do not share your password with anyone

You can send money from one PayPal account to another.

How to create a PayPal account?

Step 1: To create a PayPal account, you must first go to paypal.com and SIGNUP.

Step 2:  SingUP

When done, Debit Card will ask you to link the Credit Card. If you do not link to Debit Card, Credit Card, skip it.

Step 3: Now go to Profile and confirm your Email ID and Mobile Number.

Step 4: Then click on Notification to KYC with your document. like PAN CARD.

Step 5: Now click on Add Bank Account and enter your bank details. Like bank account number, ifsc code, bank account holder name, remember that when doing kyc, you have to give the bank account number of the person who gave the pan card.

Keep in mind: - In 3 to 5 days, your bank account will be two Deposit from PayPal.

Step 6: Bank account will deposit two Amout. Like 1.5 and 1.7 such two amout will be updated on the bank's passbook and paypal will login and confirm.

Once confirmed, your paypal account will become Rea for the transaction.

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