What is Paypal?
Paypal is just like an Online Bank account. With a Paypal account, You can do Online Transaction. i.e., You can either send or receive payments. If you have an Organization and if you want to Sell any Goods or etc., or If you want to do Online shoppingYou need Paypal. Because, 75% of the Online Transactions are being done through Paypal. There are many Payment Gateways in Online but, Paypal is the World's No.1 Secure and Reliable way.
By Adding a Paypal account, You can withdraw your Received payments to your Bank account. You can also create a Paypal account without a Bank account. But, Your account will not be verified until you add a Bank account to your Paypal account. There are some limitations for you Paypal account during Transacting until you Verify your account.
Requirements to Create a Paypal Account:
- 18 Years of Age
- PAN Card
- Working E-Mail Address
And, If you want to Verify your Paypal ID, You need a Bank account also.
How to Create a Paypal Account?
- First, Go to www.paypal.com and Click on 'Sign Up' button as shown in the Below image.
- Now, Select your Country and Choose your Account type Either Individual or Business according to your Requirement as shown in the Below image.
- Now, Fill your Details and Click on Agree and Create Account as shown in the Below image.
- After Clicking on "Agree and Create Account", You'll be asked to complete a Security Captcha. Type the Words and click on Continue.
- Now, You'll be asked to attach a Debit/Credit card details to Verify your account. If you have, Type the Account details. If you don't have a Debit/Credit Card, Then at Last, You'll see Go to My Account. Simply, Click on that. That's it as shown below.
That's it! Your Paypal Account is ready now.
Notes:
- You must add a PAN Card to Send or Receive Payments.
- As i said at starting, In order to Verify your Paypal account, You must attach your Credit/debit card details. Your account haves some Limitations until you Verify.
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