How to Create PayPal Account.
PayPal is one of the best and easiest way to get money from abroad and very popular and reliable source around the globe. If you are a freelancer getting money from clients this is one of the best and leading source . If we Compare to other sources in the market, Paypal commission rate is very low,
Quick review about Paypal.
PayPal was founded in 1998 by Elson Musk .
Headquarters: 2211 North First Street, San Jose, California, United States 95131
Revenue: US$9.24 billion(2015)
Alexa Rank: 40
users: 173 million.
PayPal account doesn’t exist with any number like bank account does , the email address is the ID of PayPal, to create Paypal account in India you should have a PAN(PERMANENT ACCOUNT NUMER) without PAN Number it’s impossible to create an account .
Requirements for creating Paypal Account
- PAN NUMBER
- BANK Account (Any Bank Account).
Let’s have a look on How to create PayPal account step by step
Choose Individual Account ,Individual account is okay for beginners we can always change later to business account if our business is expanding
Please enter your Email address which you are going to use for pay pal and a unique password,ask our friend (Google) for good Encrypted password,after completing this step check your email for an email for confirming your email.
Please Enter all the details here and please fill first name and last name that was mentioned exactly on your PAN NUMBER.
after filling all the information you will be redirected to login page, now log in with the Email and password you used earlier to create the account,and we are going to move to learn some important steps to make our PayPal account 100% complete
After logging into your account you will see a notification in the Home page stating that “To receive payments as per Indian regulations,please complete the tasks” as it is in the image.
Click on that link and you will redirect to another important page of creating an account and it was called Taskboard by Paypal. as it is in the below image.
Here we have to complete 4 tasks
1:Provide pan : Click on the start button and add your pan number that was entered when you are creating the account earlier and click submit
2:Confirm your Email account its simple and important
3:Add Bank account : Add your bank account number after adding your bank account PayPal will send two small deposits like 1.16 and 1.17 to our bank account. we can receive payment without adding card details after entering the small verification amount received from Paypal.
4: Purpose code : As per Indian regulations we need to tell the government of India for which purpose we are using Paypal If you are a freelancer or selling products on Ebay or from your website we will select the option software consulting that’s it your four tasks are completed successfully .
After completing all the steps we will have 100% PayPal account like this,
Banks Supporting Paypal
Paypal approves all Banks in India. Every Indian bank is supported by Paypal . But I prefer some large banks like
My Payal account is with FEDERALBANK
SocialMedia Links of Paypal :
Following via social media is a good idea so that we can get updates if there are changes in the system.
PayPal does not have proper customer care number,we can send messages directly to PayPal via facebook link .