PayPal is one of the best and easiest way for sending or receiving payments online particularly from another country . Creating a PayPal account is very easy task , you can create a paypal account in 5 minutes. So lets get started ,In order to begin with account creation procedure you must have the following things :
- PAN CARD – Permanent account number “ Name on PAN Card must be same in your Bank Account”
- Bank Account – A Savings or Current Bank account on your name or Business name “.
- A Email ID – In order to sent and Receive payment email is used as PayPal ID & also to get confirmation and notification you must have a email ID.
- Debit or Credit Card ( optional) – for adding funds to your PayPal account.
- Mobile Number – You must have a mobile number for account recovery and other account security issues.
If you have all of the above requirements .Lets get Started .Follow the following steps for creating a paypal account :
Step 1 – Open website in your browser – www.paypal.com , Click on Sign up , now you will be asked to select you country , and type of account i.e a personal account or business account , once you choose it you will be redirected to account creation form.
Step 2 – In the form Enter your Email id ( this email id will be used as your paypal id and this will also be used for receiving payments . Create a password for your paypal account which will be used for loging in to your paypal account. Enter you Name exactly same on your Pan card and in bank account. Enter your address and phone number. If you wish to add a debit or credit card for you can key in your card details which will be used for sending money to other as well as adding funds to your paypal account. Adding credit card is optional , if you will not add your card here you will not be able to send payments , but you can receive payments to your bank account without adding the card. Now click on agree and create account button.
Step 3 – Now go to my account >> overview >> Task board – Here you need to complete the all below mentioned tasks in order to start using the paypal account. The first task is to enter you PAN number . The second task is to verify the identity of your email address , once you go for email verification process , you will get a email in your inbox , click on the confirmation link to confirm your email .
Step 4 – Now you need to add a bank account in which you will receive the payments , enter your bank account details , once you submit the bank details , paypal will deposit two small test amount in your bank account , after 3 to 4 days it will reflect in your bank account . Check the exact amount deposited in both transaction and enter the exact amount by logging in to your paypal account . once you enter the correct deposit details , your account will be confirmed.
Step 5 – Now you need to provide a purpose code , Ie Paypal just want to know for what purpose you are going to use paypal . choose the appropriate options from the list .
Once you are done with all the above formalities you are ready to send and receive payment across the world.
How to receive payment from PayPal to your bank account ?
Just you need to provide your “Email id” which is used in paypal account to the person who is sending money . once he transfer payment to your account , you will get an email that you have received a payment . Login to your papal account , check your paypal Balance , if it is showing the amount , you need to click on withdraw funds , once you click on withdraw funds to your bank account , enter the amount you wish to transfer in to your bank account and submit , once you do this paypal will deduct its fee and transfer the rest of amount to your bank. It takes nearly 3 to 5 days to reflect the amount in your bank.
How to send payment from your paypal account by adding funds from your bank ?
In order to send payment from your paypal account you need to add a debit or credit card to your paypal account , allowed cards are – master card , visa card , discover card , American express card .
Once you add your card details to your paypal account , you need to add funds to your paypal account from the linked debit or credit card. Once the fund reflect in your paypal account , go to option send payment and enter the email id (paypal id) of the person to whom you are sending the amount , enter the amount and purpose and send.
Watch this video tutorial for support