PayPal is an international leader in digital online transactions, with over 200 countries and 25 currencies supported. Paypal Checkout is Paypal’s primary checkout option; it simplifies the checkout procedure for customers and maintains them on the merchant’s website after they complete a transaction.
Give this article a read to know more about the PayPal account.
What is PayPal?
PayPal is an American firm that helps individuals all around the world with online payment solutions. PayPal allows you to make transactions, transfer cash, and receive money all around the world. PayPal charges a specific fee for some features, including one-click transactions & password storage.
PayPal is one of the safest and most efficient methods to transfer money over the internet. PayPal has 286 million active registered users and operates in 202 countries. If you have a PayPal profile, you can transfer, receive, and retain funds in 25 different currencies all over the world.
The PayPal forerunner “Confinity” was founded in the month of December 1998. Confinity and X.com joined in March 2000. In 2001, Elon Musk established X.com, which was later renamed PayPal. PayPal is also available on your cell phone. The PayPal app is accessible for both Android and iOS devices.
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Advantages of using PayPal:
- Through PayPal Checkout, customers may pay with their selected payment method (credit card or PayPal balance) without having to leave the website.
- Incorporating anti-fraud protection, payments issued and collected with PayPal are entirely private and secure, so customers can shop with confidence.
- There are no extra fees, and the payment process is totally clear.
- Enhanced checkout conversion rates due to fewer forms and roadblocks.
- Designed to work well on smartphones.
How To Set Up A PayPal Account
Prepare your credit or debit card details, as well as your bank account details, before creating a PayPal account. For authentication reasons, you should also obtain an alternative form of identity, including a bank or credit card record or an original government-issued ID. Counterfeit id is not acceptable.
- To get started, go to PayPal’s authorized website and press the Sign-Up option at the upper corner.
- After that, choose between Personal and Business accounts and hit Next.
- Enter all the required information carefully.
- After you’ve completed this page’s details, tap Next, and you’ll be asked to verify your phone number.
- PayPal will send you a 6-digit code through SMS to validate your account. This verification is separate from the authentication that will be required to start making financial transactions and is solely needed to set up the account.
- You’ll be prompted to complete out more basic information like your date of birth and address on the next page. It may also request evidence of nationality, which you must verify using a driver’s license, passport, or other government-issued identification.
- To finish the procedure, choose the Agree and Create Account option once all of the fields have been completed.
- Your account is set up from here, but you will have to add a payment transaction method, such as a credit card or a bank account before you can use it.
- If you want to add another card or account to your PayPal account, you can perform so by following the same steps.