Creating A PayPal Account —
People used to search; How do you verify your PayPal account? How do you verify your credit card on PayPal? How can I verify my bank account on PayPal? How do I know my PayPal account is activated? And so on...
Here we find an option with a name as PayPal. PayPal is one of the best services that gives you a facility to send or receive funds across the world by maintaining the security high.
PayPal is nothing but a gateway through which anyone can send and receive money online across the world. And this is the reason why PayPal is used worldwide. So, if you have a PayPal account then you can send money to anyone in the world or can receive money from anyone too. Also, now PayPal is adopted by thousands of sites and it goes on increasing day-by-day. However, many merchant sites seeking for the users who are holding the PayPal account so that those sites can make money transfer through the PayPal gateway. Because of its high-security protocols; most of the companies prefer to send your earnings in your PayPal account.
In a previous post, I was talking about Facebook paid research program that allows you to make money up to $25/month for free for doing nothing. Here PayPal is the way by which you can withdraw your money to your bank account.
Thus, in simple words, PayPal is like a bridge (gateway) between two cities (banks) through which the cars (money) are moving to and from cities (banks). I would recommend this option to everyone who is making money online and interested to have a channel through which they handle their funds yet by upholding the security.
- Simply complete a transaction of Rs.400 and above on any merchant accepting PayPal on your eligible purchases and get a cashback of Rs.200. This offer is valid only for the first transaction through your PayPal India Account and can only be availed once per user.
- If you open a PayPal freelancer/business account now, you will get Rs.400! All you need to do is receive international payments of at least USD100 or equivalent or domestic payments of at least INR 20,000 before 20 December
How PayPal works?
There are many other payment gateways available as well but PayPal is treated as one of the preferred, convenient, reliable and secures across the world.
The basic concept is, a front person transfers the money from their PayPal account to your account and in a short period of time, your money will be transferred by PayPal and then to your verified and registered bank account.
Anyways, if you are not a PayPal account holder, you have now stopped at a perfect stop where I will explain to you how to create and verify PayPal account with as minimal steps as it can be.
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But before that, below things should be considered while creating the PayPal account:
1. Bank Account
This is one of the must-have things for creating the PayPal account. PayPal is a gateway that acts as a mediator between two parties and these parties are nothing but a bank. If you are not a valid bank account holder, you will have to create it by visiting the bank before creating a PayPal account. You can even use a bank account of your father, mother or spouse, but, I don’t recommend you use their accounts. So, it’s better you should have your own bank account before creating a PayPal account.
2. PAN Card
You have to have PAN number while creating a PayPal account. Also, make sure that the name mentioned on the PAN card should match with your bank account name. If you don’t have a PAN card, you should apply it immediately. But, it may take a month of a time to issue a new PAN card. So, apply it as sooner as you can. Here you can also use the PAN card of someone else, but name/details on both PAN Card and bank account should be matching. Otherwise, you will find difficulties while following a process to create a PayPal account and also withdrawing the amount.
3. Email ID
And this is the last must-have thing. This email id and password you should remember and should not share with anyone same as that if you keep your bank account username and password secure. You need to have one email id to create your PayPal account.
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Create & Verify PayPal AccountPlease note, say if you are not holding any bank account, still you can open a PayPal account. But, the PayPal team will treat your account as an Unverified account. And it will get Verified after you add the bank details to it.
One more thing, opening a PayPal account is TOTALLY FREE !!!
Now, follow the below steps to create and verify your PayPal Account:
Step 1: Go to the official PayPal website.Navigate to https://www.paypal.com/in/home
And click on a Personal Account button.
Step 2: Choose the account type.
Step 3: Sign up an personal/individual account.
Note: Password should be 8-20 characters long which include 1 number and special characters like !@#$%^
Step 4: Submit your account details.
Then click on Agree and Create Account button.
Step 5: Add your card details.
Step 6: Go to your PayPal dashboard.
Step 7: Choose the payment method.
Click on Payment Methods link.
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Step 8: Add bank account
Step 9: Add bank details to link with PayPal.
Step 10: Verify bank account.
You will see a message as shown in the image. Then click on Confirm in 4-6 Days button.
Then, your bank account will be added successfully. But, with a status as Confirmation Pending.
Now you will have to wait for 2 transactions to be made by PayPal team in your bank account.
Both the transaction will be done by them between 1.01Rs. to 1.50Rs. (You may get different amount) within 4-6 days.
Step 11: Verify mobile number.While verifying bank account, you can verify your email address and Mobile number.
Step 12: Adding an email ID.Login to PayPal account with Email ID and Password.
Step 13: Confirming email ID.
Step 14: Verifying email address.
Step 15: Add mobile number.
Now click on Confirm Mobile option displayed under Summary tab.
Step 16: Authenticate your number.
Keep an eye on your bank account transaction and note down the 2 credit transactions performed by PayPal team in your account.
Step 17: Verify bank transactions.After these transactions took place, again login to PayPal account with Email ID and Password.
Step 18: Check and confirm bank details.
Click on Payment Methods link. You will see a message as Ready to confirm for added bank details.
Step 19: Authenticate your bank.
Enter both the amounts correctly and click on Confirm button.
Step 20: Get verified your PayPal account.
Now the status of your added bank account is displayed as Auto Withdrawal.
This means your PayPal account is now Verified.