What is PayPal and How Does It Works Step by Step: Deep Explained For Beginners:

Dynamic Indian Blogger August 09, 2024
What Is PayPal and How Does It Works Step by Step: Deep Explained For Beginners:

When you’ll start earning money through affiliate marketing, affiliate programs will pay you on a weekly or monthly basis.

Now there are number of ways through which they can pay you like sending a cheque with your name, making a bank wire transfer etc.

Also, one of the most popular ways to get paid online, especially working internationally is PayPal.
Today, we’ll talk about PayPal and how you can create a PayPal account.



What is PayPal?


 PayPal is like an online bank allowing people to transfer money through the Internet.

When you’ll earn money online from any site on the Internet, they can pay the money into your PayPal account.

You need to attach your bank account details to your PayPal account and then you can transfer money from your PayPal account to your bank account in India.


 You can also apply for a new PAN Card now if you wish, and proceed with the rest of the session.

You can create your PayPal account later when you receive your PAN Card and it will not disturb your earnings from any network.


 You can also withdraw your earnings from this account any time without any withdrawal fee.

If you don't have a bank account or if you are hesitant in sharing your details, you can still open a PayPal account but your PayPal account will be treated as an unverified PayPal account until you don't attach bank details on it.

Unverified bank accounts have certain limitations in sending and receiving money.

To open a PayPal account you need a PAN Card and your email address.

If you don't have a PAN Card you can use your parent’s PAN Card also to create a PayPal account.

If you are going to use your father’s PAN card then make sure to use your father’s name while creating PayPal account.

In this case, you can only be able to transfer money in your father’s bank account because PayPal user account name and PAN Card name and User Bank account name must be the same.

Please provide correct information while creating your PayPal account.


NOTE: In PayPal, you don’t need to provide any account number to pay or get paid.

You only need to give your PayPal email address to get paid. If you tell anyone your PayPal’s email address, they’ll be able to pay you through it.

Also, please note that you can create a PayPal account for free. There is no fee.

There is no need of any type of debit or credit card to open a PayPal account.

You can add a card later on, after opening your account.

It is useful if you want to buy something online.

But adding a card is not necessary if you only want to receive money that you have earned online.

PayPal is very secure so don't worry about your money.

It is impossible for a hacker to hack your account.

Like mentioned earlier, PayPal is a safe and considered the most popular method of online transactions all over the world, but if you are still worried about providing your bank details, you can create an unverified account and continue with the session.


You may follow the steps given below to create your PayPal account:

Step 1:  Go to the site www.paypal.com and click on the Sign up button. It's totally free!

 

Step 2: Select "Business" and then click on NEXT button.




Step 3:  Enter your email id which you want to use for PayPal and enter the password. Click on ‘Continue’
Please remember your email address and password using which you can login to your PayPal account and do not share your password with anyone.
Please create a new password for this account. It need not be the same that you use for other site.



Step 4:  Select Business Type – ‘Individual’ and click on Continue.




Step 5:  Fill the form completely and carefully and click on ‘Continue’

·  Business Category – Business to Business

·  Business Sub-category – Advertising

·  Purpose Code – Advertising and market research

·  Enter your PAN number

·  Name on your card statement

 


Step 6:  Fill this form with your basic details. Click on ‘Agree & Continue’





Step 7:  Your account is now set up. Confirm your email address. You must have received an email from paypal on your email id which you have used at the time of registration.


Step 8:  Click on Link a bank account. Add Bank Name, IFSC Code, Account Number, Name etc.

And click ‘Review’ button.

Now you need to enter following details:

1. Your name must be the same as your name that is mentioned in your PAN Card. Your PayPal account name, PAN card name and Bank Account name must be the same.


2. Please enter your bank’s full name.

Example- State Bank Of India and not SBI.

IFSC code, You can find it on the cheque or passbook. If there not mentioned then you can find the codes by entering details on the following websites mentioned below:



3. Enter your Bank Account Number:


You will then get some small amounts credited into your bank account. Sometimes, PayPal may even charge a small amount from your account to verify the details that you have provided. This is done at random and is returned to your account in a few days.

When you see a deposit or charge in your bank statement, come back to PayPal and login with your registered email address and password. Confirm your account by entering the amounts in specified places.

Once these steps are completed, you’ll have a PayPal verified account eligible to take payments online from affiliate networks.


If you are facing any problems to create your PayPal account,

Please leave your question at PayPal helpdesk on their official website and they will immediately contact you.

They have a very quick response time and they are very helpful.

PayPal now has an office in Gurgaon, NCR, India.


Read more>>> 



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