PayPal is a well-known middleman service for online purchasing around the world. Nowadays, it provides services to almost 225 million internet users in different countries. Usually, individuals and businessmen use this PayPal accounts for sending money to someone based on an email address whether or not they have any PayPal account, to receive funds, the recipient must have a PayPal account which is associated with that email address.
However, the idea behind the PayPal is quite simple; as it uses encryption software to allow people to make financial transfers between the computers, and now this simple concept will be turned into one of the primary methods of online payment.
What is PayPal?
Since 1998, PayPal has become the most convenient and trusted way to transfer money online. Here are a few things you might use PayPal for:
· Purchase or sell goods and services.
· Make or receive donations.
· Exchange cash with someone.
· Easily send or receive payments for online auctions at eBay and other Web sites.
While having a PayPal account, you can easily add and withdraw funds in several ways. Also, you can associate with the bank accounts or credit cards for more direct transactions, including adding and withdrawing money.
Why is PayPal So Popular Across the World?
PayPal offers three benefits:
1. It is convenient, as you just need a personal email address to send money.
2. It is used widely around the world, so there are strong familiarity and trust around the services of PayPal.
3. It always conceals credit card and other banking information from the third party.
PayPal Account Requirement
There is no such requirement like any special technology or a business license to send or receive money by using the PayPal. But for creating a PayPal account, you need the following things:
1. Valid email address.
2. Valid credit card or bank account.
How to Create Account on PayPal?
To create a PayPal account, you need to follow the below-given steps:
1. First, click to “Sign Up” on the PayPal website.
2. Now, Choose “Personal or Business” account.
3. Next, click to create your “Email and Password.”
4. After that, you need to provide basic information; your age, date of birth, and phone number.
5. Now, click to connect your PayPal with your bank or credit card.
6. If prompted, then, verify your “Card or Account” by providing four-digit code sent by PayPal.
Karen Minton is a Microsoft Office expert and has been working in the technical industry since 2002. As a technical expert, Karen has written technical blogs, manuals, white papers, and reviews for many websites such as office.com/setup
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