In this article, we will discuss that In 2022 How you can create a PayPal Account and accept money Internationally. In India, there are a lot of payment options available like Paytm, Google pay, PhonePe, UPI, and many other things, and a lot more gateways are launch day by day in India but when we are talking about accepting payment internationally then we had an only one option and that is Pay Pal. So let’s start this article and know more about the PayPal platform and learn how to set up an account on PayPal.
What is PayPal?
PayPal is an international payment gateway that is used by millions of users in the whole world. Also, there are some payment options are available to accept payment from outside of India but PayPal is one of the best options, and that’s why too many people use this platform to accept money in India. But some of the users can’t set up a PayPal account properly and as the result, they can’t accept payment from outside of India.
And here is the article we will discuss the proper way to create an account on PayPal in 2022.
PayPal is the best payment method in the whole world and that’s why too many users join this platform. If you earn money online then you know very well that most of the platforms support PayPal payment and also you have to set the PayPal email to withdraw money. If you have an online business or you join an ad network to monetize your blog or website or participate in any earning apps and website you see the PayPal option in withdrawal methods.
If you haven’t any PayPal account then you can’t receive any payment from these earning platforms and whenever we talk about small bloggers who are beginners in these fields then can’t get approved by Adsense so they always use some small Adnetworks to monetize their blog or website and in these cases, PayPal is the best option to withdraw your funds. And that is the main reason where Indians use PayPal. So these are some reasons that prove that how much PayPal is important for us.
How to create a PayPal Account?
To accept payment from international you have to create a proper account in PayPal, if you didn’t create any account then follow these steps to create an account on PayPal. If those users have already created an account and may fail to accept payments then may there are many reasons that he or she can’t able to accept payment on PayPal. In those cases, you have to close your account, and if you didn’t then don’t worry we discuss in this post.
To create an account on PayPal you have to go to PayPal.com and redirect the PayPal home page. Here you can get some information about PayPal, just skip these because in this article we will cover those and after that click, the Sing up for Free button and you will redirect to the sing up page.
And this is the most important thing which you skip or choose the wrong one so that you have an issue to accept payment. Generally, a PayPal account is of two types one is an Individual account and another one is a Business account. And in these 2 types of accounts, you see some differences between them, and those are here –
Benefits of Individual Account on PayPal
In an individual account, you get fewer benefits and those are here –
- Only can send payment
- Pay for shopping worldwide
- Get 24/7 support of card or online fraud
that’s it, you can’t get more benefits in an individual account, and the main disadvantage of an Individual account is you can only send payment to anyone. But our main motive is to accept payments from an international platform and in individual, you can’t accept payment and too many users choose the individuals account, and as a result, they can’t accept payment.
Benefits of Business Account on PayPal
In the business account in PayPal, you can get more benefits. And here are those benefits which you receive after creating a business account –
- Send and receive payment
- Can send payment or use any business purpose
- No maintenance fee required
These are the important features of a business account in PayPal and a business account, you can able to send and receive payment from International platforms.
PayPal upgrades its policy and platform from time to time and if a user creates an individual account recently on PayPal then it’s asking the user to upgrade it on a business account and the user can’t receive payment in an individual account. But this rule may not apply to old PayPal individual account users.
But if you are a new user then you have to open a business account. And business account will help those people who already have an online business because in this account you can create and send payment details to your customers and create invoices for your customer and many more.
#Step – 2
We are going for a business account and after select, a business account just taps the next button. After that, you can see the 2 boxes appear and one is I’m looking to accept payment and another one is my annual sale volume is. Just choose the On-website selling goods or services in the first option and the second option you can set the volume according to yours but we suggest to choose the first one. After complete these steps tap the next button.
#Step – 3
On the next page, it asks you to enter your email and password. After that, it asks you to choose your business type then you have to choose the individual business, and after you select the option another option will appear. On product or service keyword you have to enter Computer Network/Information Services. After that, you have to choose P0806 – Other information services in Purpose code. And then you have to enter your Pan card number and in the CC statement, you have to enter your full name without any space and if you have any website then you can enter in the Url section otherwise you can skip this, then you have to tap the next button.
#step – 4
On the next page, you have to fill in your details like your full name, number, password, email, and address after that you have to choose your suitable currency and just press the Agree and continue button and that’s all now your account is complete. And you have to select the basic thing and you have to enter your bank details. After passing 2- 3 weeks PayPal sends you the 2 small amounts and after receiving the payment from PayPal you have entered those amounts and verify your bank.
Now your PayPal account is fully ready to accept payment from international platforms.
In this article, we discuss the complete process to create a PayPal account. If you have an account on PayPal then follow these steps to create your PayPal account in the right way. And that is enough for today’s article.