PayPal is a revolution in the digital payments. It is online payment system that allows users to send and receive money. It is an open, secure and technology driven platform where businesses benefits by use of it to securely transact with their customers online, in stores and on mobile devices. With PayPal users benefits by buying goods and services online.
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| What Is PayPal Account? |
Started in the year 1998 till date, continue to grow by increasing trust among the users. It is available to people in more than 202 countries with 192 million active customer accounts. It is an amazing service that you can do business internationally. This online money transfer serves as an electronic alternative to traditional methods like checks and money orders.
When you start working online or when you start doing business online or if you work as a freelancer then your mode of receiving payments and sending payments internationally is the question of concern. Though credit card or debit card can serve the purpose to some extent like making payment online, but what about receiving payments? This can be done only with digital payments like PayPal, Payza, Google Wallet etc., Of these PayPal is one of the oldest and most trusted services to send and receive payments online.
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| What Is PayPal Account? |
If you are a blogger, most of the advertising network and most of online money making sites rely on PayPal as a primary mode for sending money. So it is essential to create a PayPal Account. When you open a PayPal account it is mandatory to link your credit card or debit card for sending payments and bank account for receiving payments. This is the main source of withdrawing money directly to your bank account.
There are no restrictions on the use of PayPal outside India. But RBI imposed some regulations on the use of PayPal India. This can hamper Freelancers or many bloggers and other making money online from using PayPal. An Indian PayPal user cannot send or receive money from other Indian PayPal user. Purpose code is mandatory for the purpose of receiving payments.
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Benefits of Using PayPal Account
PayPal benefits in many ways like:
1. With PayPal Account your financial information is secured.
2. Payments are faster.
3. Shopping anywhere within U.S that accepts PayPal doesn’t cost any additional cost.
4. Earn rewards on a purchase.
5. You can shop with Zero balance.
6. Buy and sell electronics, home goods, and apparel, collectibles and auto accessories from eBay.
What Else can be done with PayPal?
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| What Is PayPal Account? |
1. Send or Receive money.
2. PayPal allows paying monthly subscriptions automatically.
3. Buy things online by using mobile phones and with PayPal buy a thing in stores also.
4. You can use the credit card, debit card, bank account, and PayPal balance to make payments.
5. Accept debit card, credit card, bank account, PayPal balance or other payment methods.
With the lot more uses, it is essential to open PayPal Account. Though they are different types of PayPal Accounts, it depends on the type of the services you use on it. It can be used only for sending and receiving payments, selling goods or services online.
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