PayPal is a well-known online payment system that allows businesses and individuals in transferring funds electronically. A user needs to register their debit card or credit card with their PayPal account to make payments and transfer funds to other accounts. Using a PayPal account is easy and safe. If you are also looking to set up a PayPal account, but don’t know how to do it, the following guide will help you.
Steps to Set Up a PayPal Account
1.) To begin with, go to the official PayPal website – https://www.paypal.com and click on the “Sign Up” button located on the top-right corner of the page. You will be directed to the next page.
2.) On the next screen, you will find two sign up options as mentioned below:
- For Shoppers
- For Business
When you select the “For Shoppers” option
3.) If you are an individual, select For Shoppers option and click on the Next button. You will be directed to the sign-up page for an individual account.
4.) On this page, you will need to choose the country and enter your Email Address and Password in the prompted fields. Then, click on the Continue button.
5.) Next, you will be asked to pass the verification by fulfilling the CAPTCHA requirement. Select the checkbox next to I’m not a robot. You will be taken to the next page.
6.) On the next screen, you will need to provide your personal information such as – First name, Middle name, Last name, Date of birth, Nationality, Address, Town/City, State, PIN code, and Mobile number.
7.) Then, select the checkbox next to “I agree to receive marketing communications from PayPal. I can change my notification preferences at any time” after reading PayPal’s User Agreement and Privacy Policy (highlighted in blue).
8.) After that, click on the Agree and Create Account button. You will be taken to the next screen.
9.) On the next page, you will be asked to link your credit or debit card to shop with PayPal. Enter your Card number, Expiry date, CVV, and Billing Address in the prompted fields.
10.) Then, click on the Link Card button. Your card will be linked to your PayPal account. However, if you don’t wish to link your credit or debit card right away, simply click on the option “I’ll link my card later” located just below the Link Card button. You can link your debit or credit card whenever you wish to start shopping using your PayPal account.
When you select the “For Business” option
11.) If you are into business and wish to start receiving payments the safer and faster way, select For Business option and click on the Next button.
12.) On the next screen, you will be prompted to choose your Business type. Select the relevant option from the list under the Business Type section and click on the Continue button.
13.) Then, you will be asked to provide your information under the “Business Owner Contact information” section. You will also need to provide your Registered Business Name, Business Phone number, Primary currency.
14.) After completing all the required information, click on Agree and Continue button.
15.) On the next screen as well, you will need to provide further information related to your business and click on the Continue button. Once you are done providing the required information in further steps, your PayPal account will be set up.
So, this is how you can set up your PayPal account as an individual and as a business owner.