If you are looking for a payment gateway to receive or make international payments, then you can use PayPal. PayPal is best to make or receive international payments.
PayPal is beneficial to receive international payments and also to make international payments.
PayPal is available in more than 200 countries and regions. If you are from India, you can send money from India to any other country and receive money from any country.
In this post, I am going to tell you how to create a PayPal account. So first, we talk about PayPal in short.
What Is PayPal?
PayPal is America based company that operates an online payment system in the majority of countries. You can transfer money to any other country and receive money from any other country.
PayPal was founded in December 1998 and now paypal is most pouplar payment gateway all over the world.
You can use PayPal to receive payments from freelancing platforms, affiliate marketplaces, and peoples. In the same way, you can use PayPal to purchase any product or to pay any people.
You can make a paypal account in few minuts and you can make it fully functional in 1-2 days. PayPal takes 1-2 days to verify bank account.
What you need to make a PayPal account?
- You must have a pan card because you need to give your pan number while filling the PayPal account sign-up form.
- You need to have a bank account because PayPal will transfer all money to your bank account directly.
- If you want to pay, then you need to have a debit or credit. PayPal will make all payments from your added cards.
If you have all things of your need, then you can make a PayPal account easily. If you want to make payments, then you can make payments immediately after creating the account. And it will take 1-2 to make a PayPal account that can receive payments.
So let’s create a PayPal account.
How To Create A PayPal Account
You will need to create a business account to make and receive payments. If you choose individual then you can only make payments.
1. Select PayPal Account Type
So first go to PayPal.com
After landing on PayPal, you need to click on get started or sign up for PayPal. You can land on the sign-up page through this link.
After landing on the signup page, you can see two types of PayPal account. The first is individual, and the second is business.
If you select first, then you can only send payments, and you cant receive payments. But if you choose a business account, then you can do both things.
So I recommend choosing the business account. Now PayPal ask you some questions about your need. So choose perfect option that fit in your need.
After that click on next.
2. Enter Email And Create A Password
Now you can see, PayPal is asking for the email address. So enter your email address. This email address will use to make payments and receive payments.
Click on submit.
Now you can see, PayPal is asking you to make a password for your PayPal account. Create a hard password and remember that.
Now click on submit.
3. Describe About Your Business
Now you need to describe about your business to paypal.
You will need to choose the right option. It depends on you, your business, and your need. I will give you examples. If you want, you can choose them or select others.
1. If you don’t own a business or own a business, you can choose individual. You can also choose another business type.
2. In the second option, you can choose business services.
3. In third, you need to select a purpose code. Purpose code a unique for the purpose of payments.
If you want to receive payments from the affiliate marketplace, you can choose P1007, or if you want to receive payments from freelancing platforms, you can choose P0805.
You can choose another purpose code if you want.
4. In the next section, you need to give your pan number. It is necessary to give a pan number to PayPal.
5. In next, if you have a website, then you can put its URL in the box. Otherwise, you can leave this section.
Now you can click on submit.
4. Fill Your Name, Address, And Other Information
Now you see a form that is asking for your personal details. So you will need to fill right information. And make sure your name will match in your bank account.
Now fill the your real address because this address will use as a billing address. Enter your number and select your primary currency.
If you do your most transaction in US Dollar, you can choose US Dollar. Otherwise, you can choose another currency. I will receive payments in US dollars, so I choosing US Dollar.
5. Activate Your PayPal Account
Now you will need to activate your PayPal account by verifying your email address. Activating your PayPal account is very easy.
PayPal will send an email to your email address. If you do not receive an email from PayPal, wait for a few minutes and check in the email spam folder.
Open email and click on get started now. Now your PayPal account is activated successfully.
6. Connect Bank Account
It is mandatory to connect a bank account to your PayPal account because PayPal does not provide a wallet facility to Indian or other country users. That’s why PayPal will send all your payments directly to your bank account.
PayPal will send your money to your bank account automatically.
For example, if you receive payment today, then PayPal will hold and review your payment. It will take 1 or 2 working days to review your payment. After that, PayPal will send your payment to your bank.
PayPal sends payments automatically, so you will not have to do anything. Only make sure your bank account is connected with the right details.
So first, you need to go to your PayPal dashboard. You will see a menu in the header. You will need to move the cursor or click on Pay & Get paid.
Now you can see Banks & Cards option in the menu. Now click on it.
Scroll down. Now you can see there is no bank account is linked with your PayPal account. So you need to link one. So click on Link a new bank account.
You will need to fill IFSC code and account number to PayPal. You can easily find the IFSC code in your bank passbook. You can also find the IFSC code here – Bank Bazar IFSC Code Finder.
Make sure your name is the same in PayPal and your bank account.
Now click on Link Your Bank.
You will need to confirm your bank account. PayPal will make two deposits to your account. For example, PayPal will deposit ₹1.41 and ₹1.32 to your bank. Now you will need to tell this amount to PayPal.
PayPal may take 1 to 2 days to make these deposits. If you get two deposits in the bank, then you can confirm your bank.
Go to Menu, Pay & Get paid, and then Bank Accounts. Now you can see an option to confirm the bank account. Click on the bank account.
Click on the link that is named as Confirm bank.
Now you will need to enter two deposit amounts Paypal. Enter the deposit amounts and click on confirm.
Now your bank account is successfully confirmed with Paypal.
In the same way, you can add credit or debit cards with PayPal.
Now your PayPal account is activated successfully, and your account is ready to make payments and receive payments.
Tell me in the comment section if you have any doubts or confusion.
Thanks for reading How to create a PayPal account.