How to create a PayPal account? Everyone knows that our world is completely surrounded by computer and internet. From our personal belongings to everything important in the house, nowadays we get it online and we can get all these things from our comfortable home with the help of computer and internet.

All these facilities are possible only because of the Internet and only. Because of the internet, all our work is completed in a pinch. Even most of the financial transactions are done online nowadays.

By the way, there are many online payment facility available on the internet like Online Banking, UPI, PayTm Wallet etc. Among them are PayPal in Hindi.

Very few people have accurate information about what PayPal is. So today we will get some information regarding what PayPal is.

PayPal is bigger and better than all the online payment services. Online payment service is that the online buyer after purchasing his goods pays for it securely through his credit card or bank account.

The work of the PayPal service is also similar, but it is much more than that. how? Today in this article I will give you information about what is PayPal and how does it work?

What is PayPal

PayPal is a famous American company. It operates an online payment service around the world. It allows a private person or merchant to transfer and receive funds electronically.

This is a very good alternative to traditional paper methods like checks and money orders, which people used to use earlier.

Through PayPal, any merchant can transfer their money anywhere in the world in an easy and secure way.

When was PayPal founded and by whom?

Paypal Corporation December 1998 I modeled a company called Confinity. At that time it was used in the development of security software for mobile devices.

PayPal co- founders Max Levchin, Peter Thiel, Luke Nozick , and Ken Hurry Founded PayPal in 1998 and a few years later it was acquired by eBay.

When a person starts doing business online, they need a way for them to send or receive their payments.

Normally when we have to make payment we do the online payment with the help of our credit or debit card but if we want to pay then we have to take help of payment services like PayPal or Google Wallet.

PayPal is the oldest and most trusted online payment service. PayPal allows us to conduct domestic and international financial transactions over the Internet.

PayPal today in 190 countries around the world 100 million member accounts huh. This shows that with PayPal, people today across the country conduct their financial transactions with ease and confidence.

No special technology or license is required to transfer money from PayPal, the most important thing is to create your account in it, have a valid email ID and bank account.

In fact, PayPal only works through email addresses. how? Let’s know more about that. Before that, tell us about its type.

What country does PayPal belong to?

PayPal is an American company.

PayPal Account Types

If you see, there are three basic types of Paypal accounts, which we will learn more about.

personal account

Since her name is personal, it is very easy to tell that these accounts are for personal use.

On this account, you can make about five (5) credit or debit card-funded payments each year and for this you are required to pay transaction fees on all transactions.

Premier account

This type of account is suitable for those members who are transacting with a large transaction volume or who want to access the basic and premium features of Paypal.

These Premier accounts are limited to one single name only, i.e. you cannot use it for commercial purposes.

Compared to personal accounts, here you can do an unlimited number of credit or debit card payment transactions. But there is a fee for all payments you receive.

business account

These accounts are designed specifically for businesses only. Which you can run into any business in the name of a company or group name for a payment transaction.

Like Premier accounts, you can make an unlimited number of credit and debit card payments in this as well, but you will only be charged for receiving payments.

There are mostly personal and business accounts you see the same option on the site.

Important Documents for Paypal Account

If you want to open your own PayPal account, you must use these three things.

How to create a PayPal account

If you also have a PayPal account if you want to create one, you can do so.

You can also easily create your own on PayPal. A PayPal account can be created in a few minutes. For this you have to follow the steps given below.

Step 1:

First of all you have to go to PayPal.com. There click on the Register button. Then choose your personal account and click Continue.

Now you have to fill in some options like:-

1. state chooses.
2. Fill in your email address.
3. Enter a strong password. If you want, you can use the gmail password.
4. Now again fill in the password do it.
5. Fill in the Captcha code correctly.
6. Now click Continue.

Step 2:

Once you click Continue, a new window will open in front of you. Now let us know what you need to do next.

1. First name and you have to fill in the middle name.
2. Then you will also have to fill in the last name.
3. Enter your date of birth.
4. Choose your country.
5. Then you have to fill in your address.
6. Again you must fill in the address again.
7. You now have a choice of country to do it.
8. Then enter your city’s zip code.
9. Then enter your mobile phone number.
10. Now you have to click on Approval Policy.
11. Now you have to click OK and create an account to continue.

Above After doing all the mentioned steps, you will get a mail to your email which you have to check and enter it here.

How does PayPal work?

We have to create our User ID using the PayPal email address. Because only by our email address, we will be recognized in the online transaction.

After registration, we have to provide our bank or credit card details in our user profile. To check whether the specific credit card details are correct or not, PayPal transfers one or two, or less money like $1.06 and $1.30.

After we get this money in our bank account, we have to go back to our PayPal profile and enter the same amount in the box there.

When the data entered is correct, our bank account is considered fully verified. After verification, our PayPal account is created, through which we can send and receive our money online anywhere.

When we open our PayPal account, we can then directly make the payment easily. We can only make payment to those who have a PayPal account.

You can send money from your PayPal account to the same email address by simply requesting the PayPal email address from the person we want to make the payment to. PayPal sends the exact amount from our bank account.

PayPal deducts its commission for transferring money from your account to another PayPal account. That’s why you have to transfer money by adding PayPal commission with your payment amount.

It’s about sending money through a PayPal account, let’s learn more about how we can get payments from someone else via PayPal:

When we have to get payment from anyone, it doesn’t matter if that person is located or outside your domain, we just have to give their registered PayPal email address to that person.

Then, the person paying you will transfer the money to your PayPal account. After the money has been transferred, you will receive an email that a lot of money has been transferred to your account, and the name of your payer will also be included in the mail that sent you the money.

Next you have to decide whether you want to spend your money on the PayPal account  you want to keep it in or transfer it to your bank account. But before your money gets transferred to your bank, PayPal deducts its commission and deposits your money in the bank.

But in some countries like India, PayPal users are not allowed to keep their money in a PayPal account, so their money is automatically transferred to their registered bank account, soon after the payment is sent to them.

What are the advantages of PayPal?

Although PayPal has many advantages, many do not even know about them. So let’s go over these PayPal benefits.

What are the disadvantages of Paypal?

Paypal has very few drawbacks compared to the advantages. So let’s know about this.

What did you learn today?

Although PayTm is more used to send money online in India, there is a need to transfer money from internet all over the world. Paypal This is the fastest, easiest and most secure way, so it has become a favorite of thousands of online merchants who earn money.

Today guys what is PayPal  go there PayPal account also learn how to make it. I hope you got some information related to PayPal from this article.

If you know more information about PayPal or want to ask some questions, do not forget to comment below, I will be very happy. To show your happiness and curiosity about my post, please share this post on social networks like Facebook, Twitter, other social media sites etc.