When you start Online work , So you need mode to send or receive payment . Normally you can send payment through your debit card or credit card but you need to use service of Paypal , Google wallet etc to receive payment from others . Here you will learn how to open an account in Paypal and how to get verified Paypal account
Paypal is very popular , trendy and trust worthy way for online transaction . Probably people who are indulge in online work , they need to use Paypal service to send or receive payment .
If you are working online then you must have Paypal account .
Friends when you open Paypal account so normally it shows unverified account . There are many limitations with unverified account like you can not receive or withdraw as much as money . So to get rid of this kind of limitations , You need verified Paypal account . You need to link your Paypal account with bank account .
After verification , Paypal will remove withdraw limit from your account so you can receive and withdraw money without any limit .
What is benefit of verified Paypal account ?
1- You can do online transaction without sharing your credit card details , In this way your credit card is much secure . Paypal is very reliable for domestic and International transactions .
2- Even You can add Debit card or Credit card in your Paypal account and after that you can send payment or buy online services or any stuff through Paypal .
3- You can receive payments from International accounts as well .
4- You can send payment to foreign countries and even you can create Invoice for your client and send payment straight way !!
How to make Paypal account ?
First Click on link Paypal.com to make an account in Paypal .
You will redirect on page where you need to select one option between two options . I would advice you to select personal account but if you need business account in future so you can simply upgrade your account from Paypal dashboard .
You need to complete few tasks to verify Paypal account whether you are in India or any country !
To receive payments , You need to complete following tasks as required :
1- Add your Pan Card : Friends in India Pan card stands for Personal account number , It is approved by Indian Government . Pan card’s importance is equal to SSN ( Social Security Number ) which works in United states and other foreign countries . So you need to check Task board that which Card is required to complete task .
2- Verify your email address: You need to verify email Id which you will use to make an account . Because you will get notifications from Paypal on your email address .
3- Add your bank account : Yes as I said above , You need to link your bank account with Paypal . This process can take up to 2-3 days . You need to click on Add bank account where you need to fill up information about your bank account .
Your bank account name
Your bank account number
4- Your IFSC code of Bank : ( If you do not know what is IFSC code , You can check your bank cheque book or visit your branch and ask any bank employee or search bank website .
Once you add a bank account , Paypal will send two small deposits to the bank account with in 3-5 business days . Please log in your Paypal account and click on verify link & enter the two amounts to remove your limit .
5- Provide Purpose code : Your purpose code indicates the nature of business for which you receive payments into your Paypal account . Please make sure to select Purpose code accurately describes your business transactions . I would suggest you to choose Advertisement and Market research Purpose code .
How to Link Credit card or Debit card :
Guys !! You can add your credit card in your Paypal account . You can add new Credit card and edit or remove old credit card from Paypal . Simply follow Profile > Link/edit credit card .
Sometimes when you add your Debit or credit card so . There is error shows by Paypal :
The bank that issued your card didn’t approve this transaction. Please contact the card issuer’s customer service department if you have any questions. Or you can add a different card now to continue.
To resolve this issue , You need to contact your Bank customer care and ask them to enable International transactions .
I hope this information will be helpful for you to get verified Paypal account . If you have any queries regarding this process or have any more ideas so please use our comment box . I love to read your comments !!