Complete Guide – How to Open and link bank account with Paypal Account
How to create and verify PayPal account to withdraw money
Pay Pal is the safest way of making an online transaction in order to make money online PayPal is must because without a PayPal account receiving international transaction or receiving money from some other country is very difficult. PayPal is the most secure needs of transferring money to the bank account.
I will show you how to open a pay pal account, but also how to verify it and how to link it with a bank account so that your money will be transferred to your bank account which you receive through PayPal.
So the people who are not aware of the PayPal account and an entire system of making money online and online transactions, it will be easy for them. The basic thing about PayPal account is absolutely free do not need to pay any fees to open a PayPal account. Let’s get started
Step 1: First of all what you need to do is open a web browser and go to www.paypal.com and hit on sign up now. It will take you to the sign-up page.
Step 2: Now they will ask you to select the account type one is individual a/c here and the second is business a/c here. If you want to send or receive money as an individual, then select buy from overseas but if you want to open a PayPal a/c for your business to market your brand or sell in bulk then you go with business a/c, hit on the Buy from overseas get started over here.
Step3: You will be seeing basic registration form over here and make sure that you are very specific on form filling over here, now it will ask you for an email address, enter an email address which you use every day and it will ask you password over here make sure to choose the strongest password here after entering your password.
Make sure that the name which is on the Pan Card matches, the name which you enter in this form here if it doesn’t match your a/c will not be valid. Make sure that the age on the Pan Card matches the birth date over here and fill address details properly with correct mobile number & click Agree and Create account.
Step 4:
Step5: Enter the security code and click continue
Step.6: Enter debit card or credit card details. In order to send or receive money you need to verify your account. You can fill these details later, click skips the steps
Step7: Now your account is ready to buy stuff online, but for receiving payment you have to verify your PayPal a./c for that click go to your a/c in the bottom.
Step 8: Your PayPal a/c looks like this, but your PayPal account is unverified at this point which means you can send an unlimited amount of money. you can use PayPal a/c to shop online after you have linked to your credit card or debit card.
Your debit card and credit card information will not be shared with another party. so it’s very safe to shop online. But in order to receive amount form PayPal a/c you have to verify your a/c. Verification of a/c is very easily hit on the complete task over here
Step9: Verify your a/c you need to complete four tasks and here are the 4 verification process, you have to do very carefully after verification you can receive an unlimited amount of money.
In India, According to the RBI rules you cannot keep money in your PayPal a/c for not more than 7 days and you cannot use the money for online shopping. You have to transfer the money to your bank a/c.
first, we have to verify our Pancard click start
Step10: Now you have to enter 10 digits pan card number. Make sure that the name which is on your pan card exactly matches the name which you use to open your pay pal a/c, enter a pan-card number if your number matches then your pan-card will be verified within a minute.
Step11: Next in order to confirm your email address, go to your inbox and click on the link after that you refresh this page and you have the text symbol over here
Step12: Linking a bank a/c with a pay pal a/c is a little tricky. you have to provide your bank a/c number, your name and bank code, enter the IFSC code, it is very safe in order to receive money because you cannot keep your money in PayPal A/C for more than 7 days you have to transfer the money into the bank a/c after filling the form hit on review and hit on ok button.
Pay-pal will send to you two small amounts to your bank a/c that will be sent you in 3 to 5 days amount will be in between 1 Rs or 2 Rs it will be something like 1.2 Rs or 1.3 Rs amount is just like a secret code or confirmation code and you have to enter in PayPal a/c after that your registered bank a/c will be linked . It will take 4 to 5 days.
Step13: After that, you have to provide purpose code. purpose code specify why you are having a PayPal a/c. If you are receiving money. It’s very important and mandatory select the purpose correctly if you are blogger select the advertising and click save.
Step 14 :
In the task, board check your bank a/c in every 2 to 3 days and within about 2 to 5 days depending upon the bank. you will get your confirmation amount these are two small amount 1rs to 2rs only. Enter that amount in bank details as a confirmation code to verify your bank details after that click go to my a/ c.
Step 15:
If you want to receive amounts from pay-pal only you have to give pay-pal id or your email id which you used to login pay pal a/c. if someone is sending money to your PayPal a/c give them your pay-pal id do not give a bank a/c detail. if you are receiving money it will be shown here and you have withdrawn money option also.
Here I have mentioned all Steps to create a Paypal Account to receive and withdraw money from all over the world. There is no PayPal Charges to withdraw money. create your own personal and business PayPal account and PayPal profile.