PayPal Holdings, Inc. is an American company whose final objective is to offer the user a simple and safe way to manage money online. To do 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 the need to provide our credit card details on unknown web pages, makes the Paypal platform one of the most effective and secure ways to protect our savings accounts from possible fraud or usurpation. Our data is secured and protected by an automatic encryption method and multiple anti-fraud systems that are constantly being improved and renewed.
Although Paypal may be colloquially known as “the online bank”, we must take into account that this payment system is not governed by the same statutes as the banking entities, since, among other aspects, the user is not paid with an economic return for saving their money in this account; that is, it does not offer any type of interest for it. Regarding the purchase and sale of goods or services, this payment network charges the user a commission that varies between 1.9% and 3.4% + 0.35 EUR 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 are joining this fast form of payment and there are already more than 80,000 businesses that allow payment through Paypal, making “shopping” over the Internet an increasingly common, fast and secure activity.
1 – Access the website
The first thing to create your own Paypal account is to access the website www.paypal.com and click on the optionCreate a free account”.
2 – Choose your type of account
you should know what they are 2 account types offered by the platform: “Personal account” Y “business account”.
- With the Personal or Premier Accountyou can make payments online 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 companies or businesses that want to receive payments via the Internet; In this way, users are obliged to pay a commission when they receive payments.
3 – Specify your data
In this third section you will have to provide information such as:
- country of residence
- Name
- Surnames
- Email address
- Password
Once this information is given and selecting the button “Continue“You will be asked for more information about the style such as: Nationality
- Address Line
- Postal Code
- City
- Province
- Phone number
- Date of Birth
4 – Accept and create account
There’s nothing left! Now you must confirm the reading of “Terms of Use and Privacy Policy of Paypal” and give your consent. To do this, select the second box in which this fact is confirmed and click on “Accept and create account”. Congratulations, you’re ready to start sending money and shopping online with your own account!
*Note: At the end of this step, PayPal sends you an automatic email For you to confirm your email, on many occasions it reaches the Spam folder of your email service, therefore you must also check the presence of this email there 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 load; for this, you must link a credit card from which said amount can be withdrawnor link a bank account to shop on millions of websites by entering the WERE GOING.
In this last step you will enter the card number, its expiration date and CVV or CVV. Next, to link the bank account to the Paypal account and be able to transfer money to your balance, you must enter information from your Current Account such 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 entering the IBAN directly in place.
Is it possible to create a Paypal account 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 topped up by online bank transfers or third-party payments through Paypal
- MasterCard, Visa and American Express credit cards
- Banamex, HSBC, Santander and Bancomer debit cards
In short, your online wallet can be recharged if you receive payments by Paypal through the first option; In any case, it is essential to have a checking account to transfer money online and access to pay through this system.
In short, yes, it is possible to create a Paypal account without having a credit card, as long as we have a bank account, as we have already said, although with certain limitations. In any case, these small restrictions will not hurt us too much in the daily use of the account, if we do not handle large amounts of money.
The most usual way of managing a Paypal account without a credit card is signing up for Neteller(a free online financial service) and create virtual card. This process may not be as easy as regular registrations to web services, so we recommend that you grab a pen and paper 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 it asks us to link it 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 a Paypal account
Can I add multiple cards to my Paypal account?
When we created 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 yes.
A maximum of 4 credit cards can be associated 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 “Wallet” section, which is usually found at the top of the online page, or in the “Menu” – “My wallet” section. At the bottom of this screen you will see your linked bank accounts and debit or credit cards appear. Right here you will see that gives you the option to link multiple cards on the same accountand 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 information requested by the website.
How can I confirm my credit card or bank account in Paypal?
The section of credit card verification It is a procedure that Paypal requires to verify that you are the holder of the card for which you have provided the data. For this, once having 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. Right now PayPal will charge a certain amount of money to your card, in order to know that it is you who makes this transaction. This amount (which is usually a very small amount), will be refunded once the confirmation has been carried out, in some cases this can take up to 30 days.
After carrying out this simple process, you will be able to verify that the charge for the amount in the name of PAYPAL will have appeared on your card statement, along with 4 numbers. When you already have this numerical code, you will have to access the screen you were on before and enter the 4 digits.
How to delete or delete my Paypal account?
If you want get rid of your Paypal account or unsubscribe We show you some simple steps through which you can carry out this process.
- First of all, you must log in to your Paypal account via the Internet
- Once accessed, select the “Profile” option
- Within this section click on “More options”
- On this screen, at the bottom of it, you will be able to read the option to “Close account”
- Now you only have to carry out the steps indicated and fill in the necessary information to cancel your account
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