PayPal is a virtual account that supports transfer services and online payments. PayPal has a strong network and serves various financial transactions between countries, where all of this has been done using electronic mail online.
The method used by PayPal is very different from the previous method, where money transfers are still carried out using paper in the form of checks and postal orders, which generally will take a fairly long amount of time to implement.
Until now, PayPal has become one of the most widely used virtual payment instruments by online marketers, because transactions using PayPal have a fairly good and guaranteed level of security when compared to various similar facilities.
Unlike other online banking transactions which are only limited to transactions in one country, PayPal has an extensive network and can be done even between countries.
PayPal is one of the most widely selected and used online transaction tools globally.
Through PayPal, you can easily send some funds to other people who also have a PayPal account.
Apart from sending funds, you can also receive several transfers from someone who has a PayPal account.
All these conveniences will certainly have a very positive impact on business and also the various financial affairs that are carried out, where PayPal does have a wide reach and can be accessed in various countries in the world.
The benefits that you can enjoy with a Paypal account includes:
- PayPal makes various financial transactions online easier and faster, everyone can send money and receive money easily through their PayPal account.
- Various buying and selling transactions can be done easily and practically because everyone can buy and sell various goods for their needs through online sites that reach almost all parts of the world.
- PayPal can also help maintain the confidentiality of personal data when carrying out various online shopping activities, where payments via PayPal can be made easily without sending or telling your various banking information which would normally be stored on credit cards or other personal accounts.
- If you look at the number of users, PayPal is one of the most widely used virtual payment instruments in the world. This proves that the level of public trust in this product is high and competent. PayPal is widely used as a source of funds in conducting various online transactions, both payments and receiving funds that occur in online businesses.
- You can transfer money from a bank to a PayPal account.
- You can transfer money from your PayPal account to someone else’s PayPal account in various countries around the world.
- You can transfer money from your PayPal account to your personal bank account.
- You can make any purchases, online or offline, even in various countries.
- Security is good and maintained because PayPal user information will be guaranteed safe.
- Admin fees are cheaper, especially between PayPal accounts, free.
- There are attractive promos that are easily accessible from anywhere, on a computer or mobile device.
A complete guide regarding Paypal
If you are new to Paypal, read below to know how register login and use it.
How to Create a PayPal Account via Computer?
Creating a PayPal account is surprisingly easy.
Because you can create an account via a computer connected to the internet, or via a cellphone.
So you don't need to come to the PayPal office directly, like creating an account at a conventional bank in general.
Make sure you have a valid email and the mandatory age is over 18 years and you already have a previous credit card. Now follow the steps mentioned below:
- Go to the link https://www.paypal.com/us/webapps/mpp/account selection from your browser.
- Look at the top of the website and choose whether you want a personal PayPal account or a PayPal account for business. After making your choice, click the NEXT button.
- You will be redirected to a new page. Select the type of account you want, for example, a Primary account that can be used for various online shopping transactions and also accepts online money transfers.
- Fill in personal data in the fields that are available there, make sure to fill in all data correctly. Then click the Agree and Create Account button at the bottom.
- After this step, a verification page will appear which will ask you to enter the code into the column provided there. Click the Continue button located there, then click the Enter My Account button.
- You will find your PayPal account page after the steps above. Don't forget to confirm via email.
- Check email and find the email sent by PayPal. Click the link contained in the PayPal email, so you can confirm to the PayPal website automatically.
- You will be taken directly to a new page on the PayPal website, where you will be asked to log in and enter the email and password that you registered earlier.
- After logging in, you will be directed to a page regarding security questions. Fill in the fields with a question that is easy for you to remember, then click the Submit button at the bottom.
- PayPal account has been created. Now to sign up for PayPal you don't have to do credit card verification, which means that anyone who wants to register a PayPal account is not required to have a credit card. PayPal is now connected to regular and digital savings accounts as well as debit cards.
How to create Paypal Account by Mobile?
You can also create an account by your mobile phone for which follow the steps mentioned below:
- The first thing you should do is open the PayPal website in your favorite browser or download the app on Android or iOS.
- One within the web or the mobile app, you must access the create account section. On the web, it is in the upper right corner, while in the app it appears just below the login screen.
- In the next step you will have to choose if you want a Personal or Business account. Once you have selected the type of account, you will have to enter all your personal information.
- Once all these data have been entered, the account will be created and you can start operating with it. You can send and receive money, associate a bank account or a credit card, etc.
How to Login to your Paypal account via computer?
After creating a Paypal account, you can now easily log in to your account by following the steps mentioned below:
- Go to the link https://www.paypal.com/signin/ from your browser and enter your Email address or mobile number and click on the NEXT button.
- Now enter your password and click on the LOGIN button.
- You are now logged in to your account.
How to login to your Paypal account via mobile?
If you want to login into your Paypal account via mobile, then follow the steps mentioned below:
- Go to the link https://mobile.paypal.com/us/home from your mobile browser or if you have downloaded and installed the Paypal application, click on the application.
- You can see the Login button on the top right corner, click on it and provide your Email address and password.
- Click on the LOGIN button and you are now signed in to your Paypal account.
How To Use PayPal For Online Shopping?
If you want to use a Paypal account for online shopping, here are the simple steps you can do:
- Go to the intended overseas online shop or e-commerce site, for example, Amazon and eBay.
- Select the item you want to buy, and put it in the cart.
- After finishing selecting the items to be purchased, then checkout.
- Select the payment menu with the Pay with PayPal method.
- Enter your PayPal account and confirm payment in the email that is connected to PayPal.
- Payment is complete, you just have to wait for further information from Amazon or eBay regarding the process of sending your item.
How To Use PayPal To Transfer Money To Another Account?
If you want to use a Paypal account to transfer money to another account, you can follow the steps detailed below:
- Open the PayPal site, or you can also open it via the PayPal application on your cellphone.
- Make sure the balance in your PayPal account is sufficient to make a money transfer. Because, if the balance is insufficient, you can top up with a debit or credit card.
- After successfully entering the application and logging in, immediately click Transfer Money.
- Enter the nominal amount of money to be transferred.
- Enter the PayPal account name or the destination account number.
- After all data transfer is filled in, don't forget to click send.
How To Use Paypal To Withdraw Money To Your Bank Account?
If you want to use your Paypal account to withdraw money to your bank account, then you can do the following steps:
- Make sure in your PayPal account, there is a sufficient balance to make withdrawals.
- Open the PayPal application.
- Enter the option Withdraw Funds.
- Enter the source of funds and your destination bank by clicking the arrow in the column. Then click Continue.
- Select the amount you want to withdraw. Then click the Continue button.
- Then you will be directed to the verification page. To withdraw money from PayPal to a local bank requires verification.
- Make sure all the data is correct before you are sure to actually click the drag button.
- If so, a notification will appear.
- After that PayPal will send an email that they are in the process of sending money to a local bank account.
- Usually the money will be sent in 1-2 working days.
- After that, you can check the balance at the bank, if it has increased. Then you can withdraw the money through the bank that you have.