What is PayPal and How Does It Work?

PayPal is an American based financial company that lets users make secure payments to other users, businesses. PayPal has become a household name that has been in this business for more than a decade. In fact, it is an easy and most quick way to get your money transferred from one account to another. All you have to do is add your debit card or credit card and while paying money, select the credit card you wish to pay from. Apart from that, you can also set a default payment method to skip this trouble of selecting debit cards or credit cards.

What makes PayPal a great option to use is that it has exceptional Customer Service. Whether you are facing issues in transferring money or receiving money, you can dial PayPal Phone Number. All your queries will be handled efficiently.

How to Create a PayPal Account?

Before you can transfer money to another account, you will have to create an account on PayPal. PayPal app is available to be downloaded from Google Play Store and iOS. Here’s how you can create an account on PayPal to receive money or send money. To get any sort of assistance, users can dial PayPal Customer Helpline Number. With PayPal, you can open two different types of accounts – A personal Account and a Business Account.

Create Personal Account

  • Visit the official website of PayPal.com
  • Click on Link asking you to sign up.
  • Click on Personal Account if you wish to set up an individual account.
  • Enter your phone number in the column asked and click on “next”.
  • Submit your details asked such as first name, last name, email address, and more.
  • Once you have done this, you will now have to enter the bank account details to send money.
  • You can access your account 24/7 through PayPal Mobile App.

Create Business Account

In order to create a business account, you will have to follow these instructions:

  • Download the PayPal app or Visit the official website of PayPal.com
  • Click on Link asking you to sign up.
  • Click on Business Account to create a business account.
  • Enter the details shown on-screen about your business and whether you want to accept payment via emails or on websites.
  • Click on Next and follow the given instructions.
  • Your account will be activated and ready to use to accept payments.

Why Do You Need to Use PayPal?


Well, there are plenty of websites and apps that can instantly transfer money from one account to another. Needless to say, PayPal offers much convenience and benefits when you compare it with other websites. The first thing is that the company has been in business for great years and has earned a great reputation for the work it does. Apart from that, plenty of merchants are associated with PayPal, making it easier for you to make payments.

Another reason why you want to use PayPal is because of safety and security measures. The users don’t have to enter card details and CVV number every time they want to make a payment. All you have to do is log in to your app and the rest will be taken care of.

With PayPal, you can easily transfer money to your friends’ accounts and receive from them as well. However, PayPal charges a certain amount as fees which you should be aware of if you are using PayPal for the first time.

How to Send Money Through PayPal?

To send money, users will need to have the details of the recipient’s account. If you have not sent money before, here’s how you can do it:

  • Log into your account and click on the “Send Button”.
  • Choose the type of payment. You can choose from Personal Transaction or Business Transaction depending upon the nature of the transaction. If you are paying for goods and services, you can choose a business transaction. On the other hand, if you are sending money to friends and family, you can choose Personal Transaction.
  • Enter the details of the receiver. It includes phone numbers, email addresses.
  • Enter the amount of money you wish to send.
  • Choose the payment method. To pay, you can use various modes such as Debit Card, Credit card, and more.
  • You will be asked to confirm. Click on Confirm to proceed ahead.


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