Did you know that PayPal is a widely used online payment system available in most countries, supporting easy money transfers? What’s even more interesting is that creating an account is completely free of charge. So, before you dive into the process of setting up a PayPal account, let’s first explore what PayPal is and how to create PayPal account for free?

The preference of PayPal becomes clear when you consider its impressive track record of processing over $936 billion in payments. With a vast network of over 29 million merchants and a user base exceeding 325 million active subscribers, PayPal emerges as the top choice for your business. So, Let’s begin to know how to create PayPal account for free!

What is PayPal Account?

PayPal is an American worldwide online payment system that saw the light of day in 1998. The multinational financial company operates online payment systems in numerous countries. In todays word, where cash is gradually becoming a foreign concept, PayPal offers a convenient way to transact electronically. 

Payment through PayPal can be executed using an existing user account or a credit card. Money can also be transferred directly to an email address to convince the recipient to open a new PayPal account.

One exceptional feature offered by PayPal to its customers is the ability to send money through its services. This feature is very rare in online payment solution providers.

PayPal Registration Requirements

If you want to know how to create PayPal account for free. So, to get started with PayPal, you will need three things:

Email Address

First need your email address that work as your PayPal account

Bank Account

Next, you need a bank account to which all the funds will be withdrawn

PAN Card

Lastly, a PAN card is must to get verified for receiving international payments

How to Create PayPal Account for Free?

Up to this point, I hope you understand what is PayPal and how does its work. So now it’s the time to know that how to create PayPal account for free.

Setting up a personal PayPal account is super easy. For this you need to follow the given guidelines:

Step # 1: Go to the PayPal website and click on the option, signup for free

Step # 2: Depending upon you need, select the type of account you want to create. Then click next to go to the next page

Step # 3: Now you have to select a valid country from the list of available ones because PayPal operates in few countries

Step # 4: Provide your details, such as email address, and create your strong password

Step # 5: Complete all the necessary information asked to create your account on the website

Step # 6: Link your credit or debit card

Step # 7: When done with all these steps, do not verify the email address. Because you will get all the payments through this email id

Step # 8: Now verify your phone number

Step # 9: Login with your provided email address. Click on the email sent by the PayPal to complete the whole verification process

You can also watch the whole process of “how to create PayPal account for free”‘ by clicking on this video:

PayPal Account Types and Their Purposes

After knowing how to create PayPal account for free, the question arises in your mind about the types of PayPal. So, PayPal offers two types of accounts. Either you can opt for an individual account or a Business account. Here are the differences between these two:

Individual Account

An individual account can facilitate you sending payments only.

• Pay for your shopping worldwide
• 24/7 protection from online and card fraud

Business Account

A business account will let you receive and send payments.

• Suitable for individuals, sellers, freelancers and businesses who want to receive payments 
• Receive and send payments
• To start receiving local INR payments, you will require KYC
• No set-up or maintenance fee

Signing up for both accounts is free. So, you can choose an account type that fits your needs.

If you want to change your individual account to a business account, so you need to follow these steps:

• Go to the settings
• Click upgrade to a business account
• Provide your business details and click on “Agree and Continue” button

But in case, you want to change your business account to an individual account so you need to contact to the PayPal team for this.

What’s Next?

As it is known that, PayPal does not work in different countries like Pakistan, India, Sri Lanka, Bangladesh and Nepal, therefore you need a bank account from the United States, that will verify your PayPal account in these countries. This is the point where you need a Payoneer account to send and receive the funds. Basically, Payoneer is a globally accepted payment system. Operating in 200 plus countries and with 150 plus countries. You can also link it with your PayPal account.

Frequently Asked Questions

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