What Is PayPal? and How To Use PayPal in 2020?

The transfer of money with online or digital medium is most common in today’s world. How to use PayPal? is most common question comes in mind when we think about digital payment methods. The majority of customers use online medium to pay bills or to buy products and services. There are lots of online wallets and services through which we can transfer money from one account to another. PayPal is one of them, this article is all about PayPal, What is PayPal?, how to use PayPal? And How to make money with PayPal?    

 Early History of PayPal. 

I think most people who are reading this may already know about PayPal. As you know PayPal is the world’s largest online money transfer service. PayPal was founded in 1998 as Confinity by Max Levchin , Peter Thiel and Luke Nosek. Later in 1999 they changed the name to PayPal. Initial years of PayPal are not good, people not interested in online medium of transaction. Later in 2000 PayPal merged with the  X.com (An online banking company founded by Elon Musk). Elon Musk was a very visionary person , he calculated the upcoming growth in online money transfer services. Then he decided to terminate X.com and other banking operations and start to focus on PayPal. In 2002 PayPal was introduced to the public. 

What Is PayPal? 

How to use PayPal?

Paypal is the world’s largest online money transferring service. PayPal is a medium through which people can send or receive payment for online services or for e-commerce stores like Amazon, Walmart and Flipkart.  The main feature of PayPal is, users can change currency according to need. In every bill or in payment option or at majority of local stores uses PayPal as payment method. The freelancer’s and many other individuals use PayPal to accept payment of their client. As of 2020 PayPal operated in 202 markets and has 305 million active users. PayPal allows users to send, receive and hold money in 25 currencies. 

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How To Register On PayPal? Or How To Use PayPal?

It is very easy to register on PayPal. Anyone can use PayPal. In this guide I am going to show you how to set up a PayPal account step by step. This PayPal account can be used to buy and sell or for send and receive payment. 

You’ll need:

  • a computer with an internet connection
  • a bank account and/or credit/debit card.

Step 1: Go on PayPal website and click on Sign Up

step 1

Step 2 : A new page will open with 2 options that are an individual or Business. You can choose them according to your need. A personal account is used for buying online. Select your option and click on continue. 

Step 2
Step 2

Step 3: In this step you have to add and verify your mobile number.

Step 3
step 3

Step 4:  After you verify your mobile number now you have to add your email and set up a new password. Click on next if you are done.

Step 4
step 4

Step 5: In the next form now provide all your details as mentioned like your name, address, pincode and city. Once you have completed this click on the third box to confirm that you have read and understood the user agreement (Please read all user agreement before you signed up). Now click on Agree and Create account to move on to the next step.

Step 6
Step 5

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Step 6: This is the final step now link your credit or debit card. Add your credit or debit card details and wait for otp {PayPal may charge you 2 rupees}. Enter otp and you are done. 

Congratulations! you just granted access to send and receive payment worldwide. 

PayPal is the best and most trusted electronic payment system. Go ahead and shop anywhere worldwide with a secure payment system. 

Hope this guide on How to use PayPal? Is helpful for you. If you find any difficulties please comment it down. Thanks for reading! Have a nice day! 

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