In this article you will be able to clarify some of the concerns that arise when they request a Paypal account. How to know if my PAYPAL account is verified: Find out what you need to know to get your account, We teach you how to open it, step by step, the requirements and much more.
Welcome to the knowledge about this well-known virtual wallet.
What is Paypal
Paypal is the best known virtual wallet in the whole world, due to the coverage and reliability that this platform has.
This American company called PayPal Holdings, Inc. , offers a robust online payment system. Being able to carry out monetary operations between its multiple clients or users.
It represents an alternative in the dynamic electronic developmentin addition to payment processes or money transfers such as checks and money orders.
To make some history, the company began operating in 1998 and in 2002 it was owned by the also well-known online sales platform eBay.
The latter noticed that more than 50% of its buyers used PayPal to close purchases, even competing with eBay’s own payment system, known as BillPoint.
The main headquarters are found in the United States, specifically in the state of California, in San José. It has two operations centers, one in the USA, in the state of Nebraska and the other in Irelandin Dublin exactly, dedicated to serve more closely the users of the European Union.
In its beginnings, the money transfer service was PayPal’s largest operation, but due to the super business that electronic payment became, they carried out a strong marketing strategy, where they offered to pay between 5 and 10 dollars for registration on this platform, achieving resounding success.
By 2014, Paypal’s total revenues exceeded eBay’s earnings by more than 40%, a compelling reason to make it an independent company, officially in 2015.
Currently there are many competitors to Paypal, but the platform continues to be among the first places of choice for virtual wallets in the world.
How PAYPAL works
Paypal complies with the regulations of the United States Department of the Treasury and the body with Authority in Financial Services of the European Union. Although Paypal is not a bank, These two organizations protect you, since they have regulations that prevent money laundering and unauthorized operations.
It is important to note that the funds that are deposited in the Paypal account do not generate interest, but they will always be available to make payments in purchase operations.
To use the platform, it is necessary to register through their website, completing the personal data that is requested.
Once we have our Paypal account, with a username and password, we can enjoy the electronic services offered.
Its services are dedicated to secure payment of purchases and money transfers, not as a savings institution. Paypal charges a commission for the use of the account as a collection system, to the company or person who sells.
While there are no charges for:
- The transfer for payment to people or companies, whoever buys will only pay the price agreed with whoever sells.
- Deposit money into PayPal account.
- Opening of several accounts with different types of currency or currencies. With the condition that they are within PayPal.
What are the requirements to open a PAYPAL account?
To open a paypal account, all that is required is:
- Have an email address
- A device with internet connection.
- Complete the entry form
- Link a bank account or credit card for verification
How to open a PAYPAL account
You can create an account from the website of PayPalwith any device with an internet connection or from the application installed on the mobile or tablet.
This application is downloaded and installed from the application store, at no extra cost.
The account creation steps are the same for either of the two modalities and registration is free:
- Enter the PayPal website or open the app
- Click on the “Open account” option.
- Select the account, between Personal or Company
We will detail the option Staffin this it allows you buy and transfer paymentsif you wish you can complete the information of personal tastes or ignore this step:
- The country where you are appears by default, you can change it, enter your email address, create and confirm a password, press Continue.
- Complete the form with your personal information.
- Then you can choose to associate the card immediately or do it at another time
- The system will save the information you indicated
- The personalized welcome to the platform will appear, with an approval, the account being created
- A message will arrive to your email, proceed to confirm the email address
- It will send you back to the web page and there you must enter the PayPal creation password
- It will show you the status of the steps taken with a «check» symbol or approval
- Now if your Paypal account is enabled to start operating
in the option of Businesses, you can sell and receive payments. Carrying out operations with any client in the world and receiving the main credit cards.
How to verify my PAYPAL account
Verification of your Paypal account It is done when we link our credit card or bank account.
It is one of the steps that is carried out when we are creating the account. If you have not done so at that time, You must start your session in Paypal and locate the various buttons to associate your credit card or bank account.
This action it is done only once and facilitates the purchase online, since you will not have to enter the payment information every time you buy.
You will only have to enter the card number, its expiration date and the security code.
It’s important to put attention on the name on the card must match the legal name you entered when creating your account. The cards are instantly linked.
What are the benefits of having a PAYPAL account?
The benefits of having a Paypal account, They are varied and can be seen from the perspective of the buyer and the seller.
First you can pay online just by using email and a passworda, because there is no need to give your financial data.
Adapting to the times of 3.0 or more, this online payment platform It offers greater confidence to its users so that they can carry out transactions in a friendly, efficient manner and without leaving their home, using any electronic device.
With this characteristic makes it represent a synonymous with security and ease in the technological area.
It is accepted in large or small online sales chainsprotecting the person who buys and the one who sells.
Paypal takes care of process business paymentsor, therefore it is not necessary for it to comply with the parameters established by the payment card sector, known as PCI Certification.
They guarantee theabsolute reservation and protection with customer informationhelping to reduce operating costs.
The payment of purchases is expedited in such a way that with just one click the payment is processed, without having to enter account numbers or passwords.
enjoy the trusted by users and businesses worldwideas a provider of solutions for online sales and purchases.
Being a Paypal user is feeling that your Purchase and sale transactions are protected, with no fees to register the account, no monthly or cancellation fees
Do not leave it for later and start using this virtual wallet with confidence.
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