Paypal Holdings, Inc. is an American company whose ultimate goal is to offer the user a simple and secure way to manage money online . To do this, this system has the basic options of making payments or purchases with our account, as well as receiving third party compensation .
This new way of sending and receiving payments over the Internet without having to give our credit card information on unknown websites makes the Paypal platform one of the most effective and safe ways of protect our savings accounts from possible fraud or usurpations. Our data are secured and protected by an automatic encryption method and multiple anti-fraud systems that are in continuous improvement and renewal.
Although Paypal may be known colloquially as “ the online bank “, we must bear in mind that this payment system is not governed by the same statutes as the banking entities, since, among other aspects , the user is not paid with an economic return for saving his money in this account; that is, does not offer any interest for it. As regards the purchase and sale of goods or services, this payment network charges the user a commission that varies between 1.9% and 3.4% + 0 , 35 EUR to the payment recipient.
Index:
How to open a new Paypal account for individuals? Step by step guide
However, the electronic wallet does not pocket money for making payments to third parties, putting money into the account or opening several different accounts. More and more users of online shopping add to this fast form of payment and are already more than 80,000 shops that allow payment through Paypal, making the shopping » an increasingly common, fast and safe activity online.
1 – Access the website
The first thing to create your own Paypal account is that you access the website www.paypal.com and click on the option “ Create a free account ” .
2 – Choose your account type
You should know that there are 2 types of account offered by the platform: “ Personal Account ” and “ Business Account “.
- With the Personal or Premier Account , you can make online payments without paying commissions with Paypal balance; Visa, MasterCard and American Express credit cards; and with debit cards from Bancomer, Banamex, Banorte, HSBC, Santander and Inbursa.
- The second option is suitable for individuals and companies or businesses that want to receive payments via Internet ; In this way, users are required to pay a commission when they receive payments.
3 – Specify your data
In this third section you will have to give information such as:
- Country of residence
- Name
- Surname
- Email address
- Password
Once this information is given and selecting the “ Continue ” button you will be asked for more information on the style such as: Nationality
- Address line
- Postal code
- City
- Province
- Phone number
- Date of birth
4 – Accept and create account
There is nothing left! Now you must confirm the reading of « Paypal Terms of Use and Privacy Policy » and give your consent. To do this, select the second box in which this fact is confirmed and click on “ Accept and create account ”. Congratulations, you can start sending money and buy online with your own account!
5 – Linking the card
As we know, when registering your Paypal account , it will be provided with the amount of money you choose to charge; To do this, you must link a credit card from which this amount can be extracted , or link a bank account to buy on millions of websites by entering the IBAN .
In this last step you must enter the card number, card expiration date and CVV or CVV . Next to link the bank account to the Paypal account and to be able to transfer money to your balance, you must enter your Current Account information as:
- The 4 digits of the bank
- The 4 digits of the bank branch
- The 2 digits of the DC
- The 10 digits of the bank number account
Or access by entering the IBAN directly in its place.
Is it possible to create an account in Paypal without having a credit card ?
There are 3 online payment and purchase methods available on Paypal:
In short, your online wallet can be recharged if you receive Paypal payments through the first option; In any case, it is essential to have a checking account to transfer money online and access to pay through this system.
In short, yes, it is possible to create an account in Paypal without having a credit card , as long as we have an account in the bank , as we have already said, although with certain limitations . Anyway, these small restrictions will not harm us too much in the daily use of the account, if we do not handle large amounts of money.
The most common way to manage a Paypal account without a credit card is to register with Neteller , (a free online financial service) and create a virtual card . This process may not be as simple as regular web services registrations, therefore we recommend that you take paper and pen and take your time to create your own Net + card .
Once this is done, we must create a new account on the Paypal website indicating our data, then, when you ask us to link it to a credit card, we will indicate Neteller card data already created .
The last step is the verification , for this you will have to answer several security questions and prove your identity through an email that will be sent to us.
FAQ: Frequently asked questions about registering an account in Paypal
Can I add several cards to my Paypal account?
When we create our Paypal account it is common that we want to link more than one card to our account, but, is this possible? The answer is yes.
A maximum of 4 credit cards can be associated with the same Paypal account . In already verified accounts, the limit is doubled and you will be granted permission to associate up to 8 credit cards . The association of these cards is possible with the following houses: Visa, MasterCard and American Express .
To complete this association you must log in to your Paypal account and go to the “Portfolio” section, which is usually found at the top of the online page, or in the “Menu” – “My portfolio ”. At the bottom of this screen you will see your linked bank accounts and debit or credit cards appear. Right here you will see that gives you the option to link several cards in the same account , and this is where you will find the solution you were looking for.
Once you have reached this point, you will only have to follow the same procedure you did with the linking of your first card, filling in the information requested by the website.
How can I confirm my credit card or bank account in Paypal?
The credit card verification section is a procedure that Paypal requires to verify that you are the holder of that card for which you have provided the data. To do this, once logged into your Paypal account you must access to the “Menu” section, and then click on “My Portfolio”.
Once on this screen, you must select the card you wish to confirm or verify, and click on the “Confirm Card” button. At this moment PayPal will charge a certain amount of money to your card , in order to know that it is you who makes this transaction. This amount (which is usually a very small amount), will be refunded once the confirmation has been carried out, in some cases this may take up to 30 days.
After carrying out this simple process, you will be able to verify that in the extract of your card the charge of the amount will appear in the name of PAYPAL, together with 4 numbers . Once you have this numerical code, you will have to access the screen where you were before and enter the 4 digits .
How to delete or delete my Paypal account?
If you want to get rid of your Paypal account or unsubscribe we show you some simple steps by which you can carry out this process.