How To Create Paypal Accounts and Fund It

PayPal is literally the easiest and fastest way you can start accepting payments on your website. Creating PayPal accounts is free, and only takes a couple of minutes.
Once you create the account, you will be able to accept payments right away, however, you will have to verify your account to be able to accept larger payments.

Here are the exact steps to creating a PayPal account

Step 1: Navigate to http://www.paypal.com and click “Sign up”

Step 2: Select your country, language and account type.
The type of PayPal accounts are the following:

• Personal Paypal Account: For private individuals who shop online.
• Premier Paypal Account: For private individuals who buy & sell online.
• Paypal Business Account: For merchants who want to use a company, group, or website name on their checkout for.

You can upgrade from any of the accounts later on as well, but to sell things online in a professional manner, we recommend you opt for the business  account, it’s free as well.

Step 3: Fill out some details about yourself

Step 4 (optional): You will be asked to enter a debit or credit card registered under your name. You can do this step later on as well.

Step 5: Go to your email account and click the verification link PayPal just sent you. You must do this to activate your PayPal account.
And thats all there is to it!
Now to be able to take money out of your account, you will have to verify your account, add a bank card, and enroll in PayPal’s  expanded use program. This is all free of charge, and required if you want to be able to start making money and withdraw funds to your bank account.

Have a look at these posts as well:

1. What is PayPal? What is PayPal exactly? Is it safe to open a...

what is a paypal?

What is PayPal exactly? Is it safe to open a PayPal account and pay and get paid? If these questions have crossed your mind as well, read on.
PayPal is essentially an online business allowing payments and money transfers to be made through the Internet. The company was bought by eBay on October 3, 2002, becoming it’s wholly-owned subsidiary. Being an only business, they are present across the globe, but have their corporate headquarters in San Jose, California (at eBay’s North First Street satellite office campus). The company has physical presence in other US cities, as well as in Chennai, Dublin, Kleinmachnow, Tel-Aviv and Luxembourg.

Features of PayPal

Both private individuals looking for a safe way to pay for goods and services on the web, as well as merchants looking to sell their goods are welcome at PayPal.
You can find a full list of PayPals features here, but here are the most important aspects for both buyers and sellers:
Buyers

• Safe payment, since only PayPal will know your credit card details, you never have to give it to a merchant on the web.
• Buyer protection and fraud programs.
• Easy to manage PayPal account.

Sellers

• Accepts payments easily with PayPals online shopping cart, single purchase and recurring membership features.
• Invoicing and shipping features.
• Low transaction based fees.
• No monthly or setup fees.

Who uses PayPal?

PayPal has over 230 million users in 190 countries around the world. This number is growing at a rapid pace every year, since PayPal is the most trusted and safest way to pay online.

What currencies does PayPal support?

PayPal supports all major world currencies. Here is a complete list of currencies supported at the time of this writing:

• Australian Dollar (A $) AUD
• Canadian Dollar (C $) CAD
• Euro (€) EUR
• British Pound (£) GBP
• Japanese Yen (¥) JPY
• U.S. Dollar ($) USD
• New Zealand Dollar ($) NZD
• Swiss Franc CHF
• Hong Kong Dollar ($) HKD
• Singapore Dollar ($) SGD
• Swedish Krona SEK
• Danish Krone DKK
• Polish Zloty PLN
• Norwegian Krone NOK
• Hungarian Forint HUF
• Czech Koruna CZK
• Israeli New Shekel ILS
• Mexican Peso MXN
• Brazilian Real (only for Brazilian members) BRL
• Malaysian Ringgit (only for Malaysian members) MYR
• Philippine Peso PHP
• New Taiwan Dollar TWD
• Thai Baht THB
• Turkish Lira (only for Turkish members) TR

How much does it cost to use PayPal?

Opening a personal or a business account is absolutely free, there are no setup, monthly or gateway fees.
Buyers are never charged for any payments.
Businesses who sell various goods and services are charged a percentage of the sale price, which depends on the amount of transactions carried out per month. As such, a PayPal merchant can expect to pay between 1.9%-3.4% on each transaction.
If you are wanting to do business online, for example sell your music files, PayPal is the best and easiest way to go.
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