With most businesses going cashless and also with the advent of e-commerce, PayPal has become like a basic need for many merchants, businesses and buyers. PayPal is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. PayPal’s payment system, also called PayPal, is considered a type of payment rail.
Opening a PayPal account
If you want to create a PayPal account, follow these steps.
- Go to PayPal website or download their app from Play Store or App Store.
- Click on “Sign Up”.
- Choose from 2 types of accounts, either “Personal account” or “Business account”.
- On the next page enter your email address and other personal information in the fields provided.
- Link your debit or credit card, or even bank account.
- The final step is the verification/activation process.
- Proceed to click on “Confirm email address”.
- PayPal will automatically send a link to your email.
- Access your email account and open the email from PayPal.
- If you can’t find the verification mail, check in your Spam folder.
- You can also resend the email by clicking on “Confirm Email” under the “Account Summary” page on PayPal.
- Click on the link provided in that email.
- Your account will be activated thereafter.
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