Create And Manage your PayPal Personal Account

Introduction

PayPal is the most popular online payment service in the world. It's built on a solid foundation of security and speed, making it an ideal service for any business. The fees are reasonable, and PayPal offers a variety of helpful tools that can make accepting payments easier. However, you should be aware that setting up a PayPal account isn't as simple as signing up for an email address; there are some steps involved before you can start processing credit card transactions through your business' website or app. They won't take long to complete once you have all the information ready, but first we'll go over what those steps entail:

Sign up for a PayPal account.

  • Go to https://www.paypal.com

  • Click on the Sign up button at the top right of your screen and then click on the Create a PayPal account button (or skip this step if you already have an existing PayPal account).

  • Fill out the form with your personal information, including an email address and password that you will use as your login credentials for accessing funds from other people who send them to you through PayPal, which is called receiving funds or receiving money in this context; also give them access to any bank accounts linked to your new PayPal personal account so that they can easily transfer funds into those accounts if needed!

  • Accept all terms and conditions offered by clicking "Agree" where appropriate before submitting everything needed for opening up a new account successfully!

PayPal personal account


Activate your new PayPal account.

Activate your new PayPal account.

The first thing you need to do is verify your email address, phone number and bank account. This will help protect you from fraud and ensure that payments are going where they're supposed to go.

When it comes time for verification, there are a few things that could happen:

  • If you have an eligible debit/credit card associated with your PayPal personal account (for example, if you linked one when creating the account), we'll ask that card's issuer for permission before completing any transactions on their behalf. The issuer may decline our request or charge us fees as part of this process; these charges will be reflected in future transactions on all linked cards until we receive approval from the issuer.*

Log in to your PayPal account.

Once you're logged in to your PayPal account, click on the menu button at the top right of your screen.

The next step is to click on "Profile." From there, select "Edit Account" and enter your password when prompted.

Once you've done this, click "Update" followed by "Continue" to save any changes that were made.

Verify your bank's information and set up direct deposit.

Verify your bank's information and set up direct deposit.

To verify your bank account, you will need to provide PayPal with the following information:

  • The name on your personal or business checking account (or savings account)

  • The routing number for that checking or savings account

If you're using a personal credit card as backup funding for your PayPal balance, we'll also need the following:

  • The name on the credit card associated with this purchase

Create a billing address for your business.

  • Create a billing address for your business.

A billing address is a physical address that you use to send invoices to customers, and it's different from your shipping address. You can create as many billing addresses as you want--think of them like individual places where PayPal sends money. If someone pays with their credit card or bank account, PayPal will send them an email asking them where they want their money sent (their "billing" or "payment" preference).

If someone pays with PayPal Cash (which isn't available everywhere), the payment goes directly into their balance without any confirmation message from PayPal.*

Set up a profile picture for your business.

You can set up a profile picture for your business. To do this:

  • Go to the profile settings page.

  • Click on your profile picture, which will open a drop-down menu of options.

  • Click on Change and then Upload Photo from Computer (or similar).

You'll be prompted to select an image from your computer or smartphone's camera roll; once you've done so, click Save when finished!

Accept credit cards online with PayPal Payments Standard and Virtual Terminal.

Accepting credit cards online with PayPal is easy. You can use PayPal Payments Standard and Virtual Terminal to accept credit card payments in your own name, or you can choose to use your own merchant account with another provider.

PayPal Payments Standard is the easiest way to start accepting credit cards online. It's a free service that lets you accept payment from all major debit and credit cards directly from your own website or mobile app without having to worry about setting up an entire payment processing system yourself--and there are no monthly fees! You'll just need access to a computer or smartphone with internet access, which most people already have these days anyway!

Dealing with customer service and getting money into the account can be a hassle, but once you've set it up you'll be able to accept credit card payments instantly.

  • Have a good understanding of what you are doing before you start.

  • Don't be afraid to ask questions. The customer service line is there for your benefit, so use it!

  • Expect that things won't go smoothly the first time around. You may have to call in several times before getting everything set up properly--and even then, problems might occur later on down the road as well (e.g., if someone tries paying with their credit card but PayPal thinks it's suspicious activity because they've never used their card before). Don't give up if there is a problem; keep trying until everything works out!

Conclusion

PayPal is a convenient way to accept credit card payments online and get money into your bank account quickly. The process can be confusing at first, but once you've set up your account and verified your bank information, you'll be able to accept payments instantly.

Read more Top Ways to Reduce Your Paypal Business Account Fee


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