To create a Personal PayPal account, you'll have to provide:
To create a Business PayPal account, you'll have to provide:
What documentation do I need to open a PayPal account?PayPal accepts a wide range of documentation in order to set up an account. Below are some of the documents that PayPal accepts: Show
Are you sure these are the requirements?Yes! Here are transcripts from our conversation with PayPal to directly confirm the requirements!: Doola: My specific questions are:
PayPal: Welcome to PayPal! My name is Annie. I will be assisting you today. Hi Doola, thank you for using PayPal Messaging. To answer your questions,
Is PayPal safe?Yes! PayPal is ranked among the safest financial services companies in the world! Senders of money have no access to your bank account or personal information. PayPal's PayPal Purchase Protection covers you if you have any problems. Can I access my PayPal account anywhere in the world?You can access PayPal from over 200 countries and services from a country that is included on PayPal's permitted countries list! Also per convo above: "7. A PayPal account can be accessed by the account holder and used from any country where PayPal services are offered. However, if you are trying to make a payment or change account information from publicly accessible computers, such as those found in Internet cafes, libraries, or hotels, our system might block your attempts. As a result, we might limit some features of your account until we can contact you and confirm that you are controlling your account." The Benefits:For both of these types of accounts, creating them is extremely simple. All that's necessary is to go to PayPal.com, and click sign up! The forms have a place for all this information and once you fill it in, you're ready to go! Some of the key benefits of having a PayPal account include:
The Drawbacks:For people who aren't from the United States, a Personal PayPal account is out of the question because they mandate a a Social Security Number. Even with Doola's services, which can get you an LLC, Company Phone Number, Company Address (cannot be a PO box), AND an EIN Number for your business PayPal account; by not being a U.S. Citizen you are automatically excluded from many of the perks of a business account because they are only available in America! However a Business Personal PayPal account is possible with an ITIN! Here is our blog post on how to apply for an ITIN (and Doola can help with this)! In Conclusion:PayPal is a great and safe way to do business transactions online! But only for people who have U.S. Social Security Numbers for personal accounts, and people who have either SSN or ITIN numbers for business accounts. Subscribe to doola's newsletter Thank you! Your submission has been received! Oops! Something went wrong while submitting the form. Doola's website is for general information purposes only and doesn't provide official law or tax advice. For tax or legal advice we are happy to connect you to a professional in our network! Please see our terms and privacy policy. Thank you and please don't hesitate to reach out with any questions. Can you have a personal PayPal account?PersonalFor people who want to pay online.
It's free - sign up for a PayPal account, and shop without transaction fees*, no matter how you choose to pay. Shop securely - store all your financial information behind a single secure login. Shop globally – pay on sites of all sizes worldwide and in 25 currencies.
How does a personal PayPal account work?How Does PayPal Work? PayPal works as an intermediary between you and a bank. A user adds a bank account or credit/debit card to the PayPal system and whenever they're making an online payment, they can select which account to debit. All transactions are processed through PayPal, instead of your bank.
Can you make a PayPal account for free?Creating a PayPal account is free and online purchases and most personal transactions are also free. PayPal does, however, charge fees for certain types of transactions.
How do I set up a personal PayPal account to receive payments?How do I set up a PayPal account to receive money? Head on over to PayPal, click Sign Up, choose your account type, and provide a name, an email address, and a password. That's it. It's as simple as that.
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