How To Open a PayPal Account
PayPal is highly recommended by most eBay users including myself.
Why such the lofty rating?
PayPal equals protection, reliability, and consistency.
PayPal acts as a third party escrow system that will protect the money as it exchanges hands from the buyer to seller. Sellers prefer PayPal because it prevents the check from bouncing, is much quicker, and an easier way of doing business. Buyers love PayPal because it does not give out personal information such as the credit card and social security number when transferring money between parties.
When you shop on eBay you will find out that a lot of sellers prefer payment through PayPal if not requiring it. PayPal is just so secure and reliable that most other forms of payment cannot even compare to the easy of using PayPal. You will also find that buyers prefer paying through PayPal because the payment is made sooner and ultimately the product shipped sooner.
When you register for an account on eBay, you are given the option of also signing up for PayPal. If you do not sign up for PayPal at that stage in the registration process but wish to now, do not be afraid. Signing up for a PayPal Account is very easy.
Log onto: “PayPal.com” and check out the home page.
On the left hand side of the home page you will find a small grey login box. Make note of that box, as whenever you return to PayPal that is where you will sign in.
For now you need to create a new account. Click on the “Sign Up” link directly below the “email address” and “password” box.
You then need to select a country of reside and language spoken. Remember that PayPal is a worldwide escrow system, which is awesome because it connects people with similar interests in business transactions from all over the world.
You also need to select which type of PayPal plan you want to own. Personal accounts are for individuals who shop online, Premier accounts are for individuals who buy and sell online, and Business accounts are for merchants who use a company or group name.
The excellent benefit of PayPal is all three accounts listed below are entirely free. The accounts may charge small fees for money deposited or withdrawn, but the general rule is all bank transaction done inside the United States are entirely free.
After you select a type of PayPal account you will fill in required contact information such as name, address, and phone number. Keep in mind this personal information is needed to verify your name and bank account, as well as send checks if you wish to get paid that way. You will also need to enter a valid email address and create a password. The email address serves as part of your login and also is where you will receive notices about money deposited or withdrawn from the account. The password needs to be at least 8 characters long, shouldn’t contain personal information (such as Social Security), and something you can easily remember.
Write down your login information and store it in a safe place to verify security on the account.
You must also agree to the PayPal user agreement and terms of privacy before registering.
After you account is set up, you can check back at any time to view your available funds and other options featured on PayPal.
photo by lasziophoto