How to open a PayPal Account

First of all what is Paypal.

PayPal is an online money exchanging company that helps ensure that monetary transactions are performed in a secure, safe manner. PayPal is the method of choice for a majority of eBay users as well as many online services such as magazine sales and website subscriptions. PayPal brings many online transactions to one location to help you keep track of your online spending.

Some questions that come to mind straight away:

• What do I need to open a PayPal Account?

You’ll need your e-mail address and your checkbook.

• How long does it take?

PayPal needs to confirm your bank account. It will take 2-3 days to complete this process.

• How does it work, and what will I need to do?

Step 1: Get Started
Go to www.paypal.com and you will see this page :Step 2: Click Sign up Today
This is what you will see:
Click Personal Account or Premier account depending on weather you are interested to only buy products or also sell and receive money with this account, then choose your country, then click Get Started
I chose the Premier Account and this is the next page you are taken to:
Fill in the fields, then click Agree and Create Account
This will take you to a screen that says “Account Sign Up”. This screen will explain the next steps to you.

You’ll receive an e-mail at the address you provided when you filled in your personal information. That email will contain a link back to PayPal. You’ll need to verify your e-mail address and password by clicking on this link.

Click Confirm
After entering your password, your e-mail will be confirmed and you can now set up your bank account/credit card information.
You have 2 options now, you can either set up your bank account or tie your credit Card. If you want to tie your credit card to paypal (which I personally think is a faster and easier method to send and receive payments) then you have to follow next steps:
After you have logged on to your paypal account this is what you will see:Move your cursor to Profile then move you cursor down to the drop down menu and choose the option Add/Edit Credit Card as seen below:You will be taken to the following page:
After clicking Add a card you will be redirected to the next page where you can fill out you credit card information,etc. The page looks like this:
After you have filled out all the details click add card. Paypal will deduct I think it was1.5USD from your account (they will transfer it back later). Then you should wait for your monthly bank statement. If you have internet bank then you can log into your internet bank in the next 2-3 days and should see from the credit card that you used for your paypal account that there was transaction from paypal, you need to get I think it was 4 digits from that transactions and verify your credit card in your paypal. All instructions are in the paypal when you open the account so not going to go into great detail.
Also you can set up your bank account for which you will need your bank name and your bank routing number and account number. The routing number is usually the first number on your check, and is usually a nine-digit number. Click Add Bank Account and Paypal will make two small deposits (a few cents) to your account. In 2-3 business days, check your account and note the amounts of the deposits from “Paypal.com”. Log in to your PayPal account and click the Confirm Bank Account link on your Account Overview page.
Enter the exact amounts and your bank account will become confirmed and click Continue. This takes you to the Account Overview page.
That’s it! You’ve opened a PayPal Account! I hope my pictures and explanations have been helpful. Once again if you want to open a paypal account click on the banner on top of this post or this link :
open PAYPAL account!

Paying with Paypal on eBay

Is it safe to use Paypal with eBay?

I have been an active member of the eBay community for the last 4-5 years and have been using Paypal since day one! Especially now that Paypal has come up with a new policy that you cannot sell on eBay unless you have a Paypal or a Merchant account.

OPEN A PAYPAL ACCOUNT NOW

You can also read another post I recently wrote about steps on "How to open a Paypal Account"
Here are a few advantages and disadvantages of using paypal on eBay:

Advantages:

• Secure - no need to give out your credit card and personal details to each seller when you buy something
• No Monthly Fees or Costs if you a buyer, if you are a seller then fees apply accordingly
• A lot of eBay users trust and already have paypal accounts
• Lower transaction fees then 2CO MoneyBrokers and many others.
• Great for Start up businesses or small volume business.
• Great for an extra payment option for High Volume and Large Businesses.
• Fast and easy Payment
• Easy to transfer funds/withdraw to your credit card whenever needed with only a lot payment of EUR2 per transaction
• Free to withdraw funds to your bank account if you are in the USA
  

Disadvantages:

• Customer service - takes a long time to solve a problem if you have one, but once you reach someone it usually gets solved
• Charge backs - easy to file a dispute when you purchase something, so if you are a seller you tend to have problems with customers requesting their money back. (personally have never had that problem - I think if your a good seller and honest your customers should not need to file a dispute against you)
• Minimum withdrawal amount USD 10, EUR 10, GBP 6, etc
• High fees, especially when you sell a lot usually a the end of the day you feel the small sums piling up!
  

I hope I managed to give a little advice, more my personal experience of using paypal. Overall paypal is great and I would suggest it to everyone. I think its secure and very user friendly. And besides eBay accepts it what else one might need? :)

If you feel that this is exactly what you need you can open an account by clicking this link :OPEN PAYPAL ACCOUNT NOW