Tuesday, 3 January 2012

Steps to Verify your bank account in paypal


   Once you created your paypal account as mentioned in the previous post,then you needs to verify your paypal account with your bank account.The steps to verify your paypal account are,

1.Visit paypal.com

2.Log in to your paypal account with your email id and password.

3.Choose profile and click add bank account

4.Complete the details(you can use google search to get some of your bank
   details)

   Now paypal will automatically deposit two small amounts to your bank account(say 1.03 or 1.05 ) within 5 days.Now you have to get that amount and have to paste that amount back in to your paypal account.Now your bank account is verified.

Note: The name provided to the paypal account should exactly match the name 
            in the bank account,else paypal will not deposit the amounts and you
            cannot verify your account.So its a bad idea to use your father's or
            some other's bank account to verify your paypal account.
            verify your account

How to get an paypal email id/Paypal account

(https://www.paypal.com)
*Paypal email id is just an e-mail id(egnatu@gmail.com) that you registers
  with paypal.

Below are the steps to get a paypal email-id

1. Choose an email id(preffered is gmail.eg:-natu@gmail.com) which you
    beleives safe(make sure it have strong password).

2.Visit https://www.paypal.com

3. Click sign up

4. Select your country at top left corner of the page if its not correct.

5. Choose an account type(preffered is premiere since personal account has a
    lot of limitations.ie 2nd option)

6. Complete the sign up page with above email id(of step 1)

7. Remember you don't need a credit card to getverified.Just a bank account is
    ok.Verification procedure is shown in the next post(above)

Monday, 2 January 2012

Things to be cared before creating an paypal account

          
       These are the things to be cared while creating a paypal account

*Give your own name

    This is very important.The name provided by you should match exactly with the name in the bank account(that you use for verifying your paypal account).If else your account cannot be verified and hence you cannot transfer money to your bank account.For eg)if you given you name as say "cash",then you can never verify your account.You have to give your correct name.

*Use a secure e-mail address

   I prefer you to open a new gmail account for safety purpose.Remember the email you use to sign up paypal will act as your username.So preferably don't share this mail address in any social media sites or like that.

*Don't try to act fraud

   This is regarded as the biggest advantage of paypal.If you tried to earn money using any kind of fraud activities and when many files complaints against you,your account may get frozen.In such case,you need to move through extremely tough process and your account may get deleted permanently.So if you are going to spam,think twice.

*Don't use the donation button in your website if it is not of an non-profit organisation

    Eventhough paypal says donation button is for non-profit purpose,many says they have lost their account due to merely showing donation button in their website.