Paypal Holdings, Inc. is a US company whose ultimate goal is to offer the user a simple and secure way to manage money online . For this, this system has the basic options of making payments or purchases with our account, as well as receiving payments from third parties.
This innovative way of sending and receiving payments over the Internet without having to give the data of our credit cards in unknown websites, makes the Paypal platform one of the most effective and safe ways to protect our savings accounts from possible fraud . Our data is secured and protected by an automatic encryption method and multiple anti-fraud systems that are in continuous improvement and renewal.
Although Paypal can be known colloquially as ” the online bank “, we must bear in mind that this payment system is not governed by the same statutes as banking entities, since, among other aspects, the user is not remunerated with an economic return for saving your money in this account; that is, it does not offer any interest for it. As far as the purchase-sale of goods or services is concerned, this payment network charges the user a commission to the recipient of the payment.
How to open a new Paypal account for individuals? Step by step guide
In any case, the electronic wallet does not pocket money for making payments to third parties, putting money in the account or opening several different accounts. More and more users of online shopping add to this fast payment method and there are already more than 80,000 shops that allow payment through Paypal, making online shopping a more and more usual, fast and safe activity.
Step to follow to register a new account in PayPal
1 – Access the web page
The first thing to create your own Paypal account is to access the website www.paypal.com and click on the option ” Create a free account”.
2 – Choose your type of account
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 having to pay 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 businesses or businesses that want to receive payments via the Internet ; In this way, users are required to pay a commissionwhen they receive payments.
3 – Specify your data
In this third section you will have to give information such as:
- Country of residence
- First name
- Email address
Once given this information and selecting the ” Continue ” button , you will be asked for more information about the style such as: Nationality
- Address Line
- Postal Code
- Phone number
4 – Accept and create account
* Note: At the end of this step, PayPal sends you an automatic email to confirm your email, in many cases it reaches the Spam folder of your email service, so you should also check the presence of this email to confirm the account.
5 – Linking the card
As we already know, when registering your Paypal account , it will be provided with the amount of money that you choose to charge; To do this, you must link a credit card from which you can extract this amount , or link a bank account to buy in millions of websites by entering the IBAN .
In this last step you must enter the card number, expiration date and CVV or CVV . Next, to link the bank account to the Paypal account and transfer money to your balance, you must enter information from your Current Account 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 account number
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 methods of payment and purchase via Internet available in Paypal:
- The balance of the Paypal account, which can be recharged by online bank transfers or third-party payments through Paypal
- MasterCard, Visa and American Express credit cards
- Debit cards Banamex, HSBC, Santander and Bancomer
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In short, your online portfolio can be recharged if you receive Paypal payments through the first option; In any case, it is essential to have a current account to transfer the 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 the usual web service records, so we recommend that you take paper and a 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 we ask for the link to a credit card, we will indicate the data of the Neteller card already created .
The last step is 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 affirmative.
You can associate a maximum of 4 credit cards to 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 at the top of the online page, or in the “Menu” – “My portfolio” section. At the bottom of this screen you will see that your linked bank accounts and debit or credit cards appear. Right here you will see that it 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 that you carried out with the linking of your first card, filling in the data requested by the website.
How can I confirm my credit card or bank account in Paypal?
The verification section of the credit card is a procedure that Paypal requires to verify that you are the owner of that card from which you have provided the data. To do this, once you have logged in to your Paypal account you must access the “Menu” section, and then click on “My portfolio”.
Once on this screen, you must select the card you want to confirm or verify, and click on the “Confirm card” button. At this time PayPal will charge a certain amount of money to your card , in order to know that you are the one who makes this transaction. This amount (which is usually very small), 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 check that the amount of the amount in the name of PAYPAL, along with 4 numbers, will appear on the card statement . Once you have this numeric code you must go back to the screen you were in 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 through which you can carry out this process.
- First, you must log in to your Paypal account via the Internet
- Once logged in, select the ” Profile ” option
- Within this section click on ” More options “
- On this screen, at the bottom of it, you can read the option ” Close account “
- Now you just have to carry out the steps indicated and fill in the necessary data for the withdrawal of your account
If you have any questions, leave them in the comments, we will answer you as soon as possible, and I am sure it will be of great help to more members of the community. Thank you! 😉