PayPal Account - How To Create & Verify?

PayPal Account - How To Create & Verify?

Welcome to my blog post, in this post I will be explain to you that how to open and verify a PayPal account now as your friends know PayPal is the most safest way of making online transactions since you're not sharing your credit card information neither your bank account details with the other party ID on top of that in order to start making money online PayPal account is a must-have because without people account receiving international transactions or receiving money from some other country is very difficult.

PayPal Account - How To Create & Verify?

PayPal Account is the most secure means of transferring money to your bank account so in case you don't be showing you not only how to open a PayPal account but also how to verify it and how to link it with the bank account so that your money will be transferred into your bank account which you receive through PayPal so i'll be as detailed as possible so people who are not aware with PayPal and the entire system of making money online and online transactions it will be easy for them.

PayPal Account – Its Free

Friends before we get started let me tell you a basic thing about PayPal is opening a PayPal account is absolutely free you do not need to pay any fees in order to open a PayPal account.

So let's started now first of all what you need to do is open up your browser and go PayPal and hit on sign up now over here and it'll take you to the sign up page and here is the sign up page over here now it will ask you to enter in your country over here - India ow depending on the country where you live the registration process might be little different so mine is India so the process will be like this Now it will ask you to select an account type now one is an individual account over here and the second one is the business account now if you want to send or receive money as an individual for your freelance job or for your products then you can select an individual account but if you want to open a PayPal account for your business or to market your brand or to sell things in bulk then you can go with business account 

PayPal Account - PAN is must

Individual account is what we are going to open today so hit on get started over here and you will be seeing this basic registration form over here now make sure that you are very specific while filling up the form over here now it will ask you for an email address enter in the email address which you use every day and it will ask you for your password over here make sure to choose the most strongest password which you can over here it will give you some tips so make sure that it's a long password make sure that the passwords very difficult to correct because since the password will be keeping your money safe now after entering your password you will have to enter in your name now since this is a very important step so pay attention now after 2009 according to certain rules devised by the Reserve Bank of India in order to open a PayPal account and not receive money through PayPal you will have to verify your account by providing your pan card number and also by linking your PayPal account with your bank account in order to prevent all practices and other illegal activities reference for people who are minors or so people who don't have a pan card you can obviously go on and apply for it.

PayPal Account - Can we create with my Parent's name?

But who have a parent card at this point they can obviously open a PayPal account in the parents name or in else's name by using their parent card number with the permission okay there's nothing wrong in opening a PayPal account with somebody else's bank card number obviously you will be receiving money in their name so make sure that to take your permission before entering their name in the registration form so you need to make sure that the name which is on the pan card matches the name which you enter in the form here and if it doesn't matches your account will not be valid so check the name on the pan card it could be your parents name it could be anybody else's name if you do not have a pan card so enter the name over here okay and the middle name if there is a middle name it's optional and last name enter it over here and make sure we check it that the name which went over here matches the name on a band card this later 

PayPal Account - PAN is compulsory for verification?

When you verify your account you will need to enter your pan card number okay if we scroll down over here it will ask you for a birth-date there's no valid age but make sure that the age which is on the pan card matches the birth-date over here so let's go down it last for nationality which is India at this point and lastly for the address so enter in your address or the place where you live it's not too necessary but it's recommended and the next thing is your state select in your state over here all the states are available and your pin code make sure that you enter a valid pin code and you obviously mobile number over here there will be mobile number verification and over here it will ask you to enter in your credit card or a debit card now in order to send money you will obviously need to link in your credit card or a debit card over here now do not worry guys is very safe and once you do that you will be able to send money through PayPal ace no restrictions over there and you do not need to verify account by giving a pan card number.

If you are only sending money through PayPal but you know to receive money you do need to verify your account in a while if you want to enter it later you can always just keep it so he tones will hit on skip for now 

After you have linked in your credit card or your debit card with PayPal your account is now ready to buy stuff online buddy but for receiving payments you'll have to verify your PayPal account for that click on road to your account in the bottom your PayPal account looks like.

But your PayPal account is unverified at this point which means you can send money you can send unlimited amount of money you can use a PayPal account to shop online after you have linked in your credit card or a debit card with your PayPal and your credit card number and a debit card information will not be shared with the other party so it's very safe option in order to shop online if you do not trust the other party but in order to receive money through PayPal you will have to verify your account verification of account is very easy you do not need to go anywhere you can verify your account by sitting on a computer so let's get started 

PayPal Account - Verification 

You need to complete four tasks so as you can see over here it says status unverified and it will ask you to verify account in order to receive payments according to Indian regulations by RBI you will have to verify your console hit on complete tasks over here and here are the four verification process which you have to do in order to verify account and in order do we remove limits and after a verification you can receive unlimited amount of money into a PayPal account and you will be able to transfer that money into a bank account.

According to the RBI rules you cannot keep money in your PayPal account for more than seven days and you cannot use your PayPal money to shop online you will only have to transfer the money into a bank account and then you can use any chance if you are using PayPal account only to shop online or to send money you do not need to verify your account but in order to receive money and transfer the money into a bank account.

You will have to link your bank account with your PayPal and you'll have to verify your PayPal account.

PayPal Account - How To Create & Verify: Four Step

The first: that you need to verify is your bank card number now hit over here hit on start over here and you will be on this page now you have to enter in your 10-digit pan card number which looks something like this your pan can't really look like this and he will be your name and here will be your pan card number make sure that the name which is on your pan card exactly matches.

The name which you used to open your PayPal account now again friends for miners who do not have a pan card they can obviously open a PayPal account by using their parent's pan card but do take their permission for that and enter your bank card number if your name matches then your pan card will be verified within a minute and after that is done go back you will have a tick symbol over here 

The second: that you need to verify is your email address so in order to confirm email address it's very easy just go to your inbox and   click on the link and refresh the page 

The third: which is linking a bank account with your PayPal account is a little tricky because not only you have to provide your bank account number but also your name and plus your bank code and some other information now friends again it's very safe and it's necessary in order to receive money which is in your PayPal account to your bank account because you cannot keep money in your PayPal account for more than seven days you will have to transfer the money into a bank account.

The bank account verification thing I should works like this after you enter in your name make sure that the name over here matches the name of the bank account and second thing is your bank account number enter in the exact number of your bank account and re-enter your bank account name to confirm that and enter in the IFSC code of a bank account.

Note: The IFSC code is actually your bank branch code its varies from branch to branch and bank to bank do not guess it the IFFC code will be written on your bank book if it's not written there just to give a call to your bank and it will find it out but not search it online because you know the results might not match.

The fourth: So enter in your IFSC code and hit on confirm and it will confirm your bank account and it will show you the location of your bank account over here and do check it out do check the name of your bank and your bank account number and also do check out the branch of your bank on which you have opened an account after all that is done hit on review and hit on ok what happens after that is PayPal will send you two small amounts to your bank account that will be send in three to five days depending on which bank you use and you that amount will be between 1 rupees to 2 rupees it will be something like one point zero or one per paisa now the amount is just like a secret code or a confrontational code you would have find out those amounts which PayPal send you and you have to enter in it in your PayPal account and after that your bank account will be linked so it might take you about 3 to 5 days for me it took me only two days now depending on the bank which you use it might vary now I have observed that people who have used SBI State Bank of India and people who are especially using net banking they receive the amount within one day my friend received it within 20 hours for me it took me 2 hours and for some other people it takes about 3 to 5 days but not more than that so do remember to use a national bank which supports PayPal almost all the bank will support it in international transactions so do select a bank which does accept international transaction all the major banks do so.

I will still recommend you using an SBA account but if you have any other state or national bank account or international bank account you can obviously enter it over here but make sure that you very specific with the detail which went over here so after all that is done you will have to provide a purpose code it on start over here now if its purpose code is specify why you are having a PayPal account so if you are receiving money for your service you provide you can specify your purpose code 

PayPal Account - Why you need

While you need a PayPal account and for what you're receiving the money it's very important and it's a mandatory rule by the Indian regulations so if you are receiving money for journalism you can hit over here if you are receiving money for consultants you cannot hit over here if you are receiving money for any other services receive over here if you are a blogger if you're receiving money for your advertisements marketing or blogging which a lot of people use PayPal for hit on advertisement and market research that will help people who receive money for that purpose but if you receive money for any other purposes like selling goods exporting goods ok buying and selling so hit on export of goods over here so make sure you are specific about the purpose which you select after that is done.

Go back to the task board and do check your bank account in every 2 to 3 days and within about 2 to 3 or sometimes when 5 days depending on a bank you will get your confirmation amount these are to small amounts again between 1 rupees to 2 rupees enter it over here it'll ask you to enter on your Paypal dashboard and after that is done you will be your backup want to be linked with a PayPal account and you'll be able to receive your money.

PayPal Account - Basic Things

Before I end this topic ,let me tell you some basic things about PayPal you know to receive money into PayPal you will only have to give your PayPal ID or your email ID which you use to login into PayPal that's the only thing which you need in order to receive money so if somebody is sending money to the PayPal account give them your PayPal ID okay do not give a bank account details or anything else and on top of that when you receive any amount into a PayPal it will be shown over here and you will have withdraw money option hit over that and your money will be sent to your bank account within three to five working days so you have flounce that's about it if you have any doubts do post it in the comment section and if you want any other specific topic or any other review just ask me in the comment and I will surely work on that reference 

Conclusion

PayPal is the most secure means of transferring money to your bank account without share your bank credentials