How to set up a PayPal account — all your questions answered
Setting up a PayPal account is a piece of cake. However, there’s more to it than just filling out a form with your name and email address. There are a few other things you should be aware of, which we’ll discuss in this post.
You’ll need a few things to set up a PayPal account, including a credit or debit card for making payments, your credit card/bank statement for verification purposes, and, in some cases, even a form of ID like a passport.
How to set up a PayPal account
Let’s start with the basics. To set up a PayPal account, visit Paypal’s website and click the “Sign Up” button in the top-right corner of the screen. The next step is to choose the account type you want: Personal or Business. The Personal account is for your own use, allowing you to pay for stuff online, send money to friends and family, as well as receive money. This is the account most people go for. But if you own a company and want to accept payments for the products or services you’re selling and send invoices to clients, the Business account is for you.
Note: This guide shows you how to set up a Personal account, although the process for business customers is very similar.
The next step is to fill out the form that shows up with your name, email address, and password. You also have to select the country you live in. Hit “Continue” and then fill out the second form by selecting your nationality and typing in your address, phone number, and any other info that’s required. Once you hit “Continue,” your account will be created. But you’re far from done yet.
To start using PayPal, you need to add in your debit or credit card. You can do that by clicking the blue “Get started” button and filling out the form that pops up. The last step in this process is to verify your email address, if you haven’t already, by clicking the link in the email sent to you by PayPal.
Step-by-step instructions on how to set up a PayPal account:
- Visit PayPal’s website and click the “Sign Up” button in the top-right corner.
- Select the account type you want — Personal or Business — and click “Continue.”
- Add in your name, email address, and password, and then click “Continue.”
- Add in your address and other required info, and then click “Continue.”
- Click the blue “Get started” button, add in your credit card info, and click “Add card.”
- Verify your email address by clicking the link in the email sent to you by PayPal.
Wait, there’s more
For safety reasons, you have to verify your credit/debit card before you can start using PayPal. To do so, log into your account, click “Wallet,” and select the card you want to verify. Then click the “Confirm card” link followed by “OK”, after which PayPal will charge $1.95 to your card. Don’t worry, you’ll get the money back a few days after the card is verified.
To properly set up a PayPay account, you have to verify your credit card.
The next step is to check PayPal’s charge on your credit card statement — it’s a four-digit code — and use it to verify the card. Just click the “Wallet” tab in your PayPal account, select the card you want to verify, enter the four-digit code, and then click “Confirm.” That’s it: you can now use PayPal to send and receive money.
- Click the “Wallet” tab and select the card you want to verify.
- Click the “Confirm card” link followed by “OK,” after which PayPal will charge $1.95 to your card.
- Check PayPal’s charge on your credit card statement and write down the four-digit code.
- Click the “Wallet” tab.
- Select the card you want to verify.
- Enter the four-digit code and then click “Confirm.”
If you link a bank account to your PayPal account later on, you’ll have to verify that as well. The process is more or less the same, with the biggest exception being that PayPal will make two deposits on your bank account in random amounts between $0.01 and $0.99. Once that happens, you have to enter these two amounts to verify your bank account, the same as you entered the four-digit code to verify your credit card. And to answer your next question, no, you will not be able to keep the money deposited by PayPal — sorry about that.
Another thing to note is that PayPal may request a form of identification from you at any given time. This doesn’t happen to every PayPal account, but it’s frequent enough for me to mention it. It happened to me, and until I sent PayPal a copy of my ID for review, I was not able to withdraw money from my account.
There you have it, folks — that’s all you need to know about how to set up a PayPal account. As you can see, the process is free, easy, and doesn’t take a whole lot of time.