PayPal is the largest online payment processors operating around the world. Paypal helps you to send money, pay in different websites and accept payment.
The Paypal Individual Account helpful for individual use and Business Account is ideal for sellers, freelancers and businesses to receive and send payments.
Today we purchase items online and there may be chances that the sellers can be in different countries. So it become hard to continue with the purchase because there may be delays and other complications when we try to make direct payment.
Paypal solve this problem with their online secure payment, helpful for both the customer and the seller. You can purchase goods and services online from any seller around the world with safe and efficient way.
What are the Benefits of PayPal Account
Paypal is the best and speedy option to send and receive money without the need of depending banks. The transfer between Paypal sellers are instant which help to process the purchases and other services fast. The Paypal to bank account transfers are also done within 24 hrs of time in most cases.
Paypal help us to track purchases and money received along with searching option where we can find the transactions done within a time period. The Paypal mobile app is available for iOS version 10 and above, and for Android version 5.0 and above.
PayPal introduces Buyer Protection where you can get full refund from different merchants when the item you ordered become unreachable or received item is different than described.
If you incur with such problems, you need to let the seller know the problem by opening a dispute in the Resolution Centre within the time specified to cover the Buyer protection.
The Paypal services are free to use without membership fees or other service charges. Instead they will charge for each transaction.
From selected retailers, PayPal provide special offers, cashbacks and discounts. You can know about updated offers and cashback details from the PayPal offer page.
How to set up Individual PayPal Account
- Go to the PayPal website and click Sign Up.
- Select the Individual Account account type and click continue.
- Add your personal details and other required information.
- Verify your E-mail address.
- Add your bank account details and card details.
- Verify the bank account and card through simple procedures.
- After verification, click on Get Started to start using Paypal.
You can add different bank accounts and bank cards where you can use them in a flexible way. You can set default card for making payment and add default bank account to receive money.
They also check for funds before placing an order to avoid payment declines. This helps to save time without manual account balance check and helps to avoid entering the card details each time.
The Paypal payment methods include Visa, MasterCard, Discover, American Express card, Bank transfer and Paypal balance accounts like PayPal Cash or PayPal Cash Plus.
You will receive instant notifications for each transactions like Instant payments, eCheck payments, Pending payments, Authorizations, Recurring payments, subscriptions, Disputes, charge-backs, reversals, and refunds.
PayPal Cash, Cash Plus Accounts and Cash Card
The PayPal Cash Account is introduced to get more features to basic Paypal account. This account type helps you to store money in your Paypal wallet.
This money can be used to Transfer to anyone, Shop in store with Google Pay and Samsung Pay where accepted and transfer money to Acorns for investments.
The PayPal Cash Plus account adds more features to Paypal Cash account. With this account, you can get cash with the PayPal Cash Mastercard or through PayPal app at ATMs. You can add balance by scanning check on PayPal App and can add or withdraw funds at Walmart locations.
PayPal Cash Card is a debit card for PayPal Cash Plus account holders. It helps to access money on your account instantly and use PayPal balance to make purchases in stores or online where Mastercard is accepted.
You can also check balance and freely withdraw money from your PayPal Cash Plus account at MoneyPass ATMs.
If you have problems with your PayPal account, transactions and other issues, you can contact them through Paypal Resolution Centre.