How to Set up a PayPal Account
PayPal is a checkout feature that allows you to pay for items you purchased on eBay and other commerce websites using your linked bank account, credit card, or debit card. PayPal conceals your account or card numbers so that merchants, employees, and any other watching eyes cannot access your accounts.
PayPal can also allow you to send money to your friends, contractors, or other businesses. It allows secured financial transactions by encrypting your data. Paypal works well internationally, and is often used as a sort of alternative bank.
Founded in 1998, it is the most recognized form of online payment in the world.
Setting up an Account on PayPal.com
Personal Account for Online Shopping
1. Click "sign up."
1. Click "sign up."
2. Click "personal account."
2. Click "business account."
3. Enter personal information. Choose your password, write it down, and keep it in a secure place.
3. Choose standard (free) or pro ($30/month for more features.)
4. Choose a security question.
4. Enter business information including address.
5. Enter your payment information, either your bank account or credit card number.
5. Choose password and security question.
6. Enter payment information (where funds paid to you will go.)
It is important that you confirm your address at the end of the process. This is a precaution that PayPal enforces to make sure you are who you say you are. It is also important that you confirm your shipping address. When moving to a new location, remember to change and confirm this address. To do this, log into your PayPal account, click "profile," then "street address." Change or confirm the address that is shown. To do this, simply click "profile" then click "street address." Make sure your credit card billing address is also correct.
Linking PayPal and eBay Accounts
To link your PayPal address to your eBay address book, log into your eBay account, follow these steps:
- Click the "addresses" link on the left side of the page.
- Click the "View all shipping addresses" link. Make sure you have linked your address book to your PayPal account. If you see an "add paypal address" button, your account is not linked. Click this button to link the two.
- Once this button is clicked, you will be able to select your registered PayPal credit card billing address as your shipping address. You can also choose to "make primary" to ensure all of your purchases will automatically be shipped to this address.
Is PayPal Safe?
If you are new to PayPal you may wonder why you shouldn't just use your credit cards or bank account information directly on shopping sites.
For online shoppers it is much safer to use PayPal. This is because a password is required to log into your PayPal account. Just typing the credit card or bank account numbers into a website is not safe. Also, the majority of merchants on eBay do not accept anything but PayPal for a number of reasons. First, it protects both the seller and the buyer through fraud prevention measures. While not every merchant accepts PayPal (Amazon, for example, because they offer a competing service called Amazon Payments), it is an easy payment option on established websites like Ebay, Zappos, BlueNile, and CafePress.
How often do you use PayPal?
Beware of Phishing Scams
Phishing is when scammers try to lure you into logging into your PayPal account through an email sent to you directly. Most often, the word "PayPal" appears somewhere in the sender's email address or name. These messages often lead you to believe that your account has been compromised, that you need to enter your log in details as a security precaution, or something similar. The page will even have the official PayPal logo and look very official. Simply do not respond to these emails and never log into your PayPal account through an email. You can either delete these emails or report them to PayPal. Log into your own account through a browser if you have any doubts about your account.
Consequences of Paying With Other Online Options
Out of thousands of eBay transactions we have made, one of them was an unlucky fraud attempt. This seller did not accept PayPal and we were new to eBay at the time. The item was a counterfeit item that we didn't realize was not authentic. We purchased the item with a money order. Once we received the item, we realized that the item was a fake and contacted the seller. No response. A week goes by. A few emails later we received an indignant, nasty reply from the seller. They knew there was nothing we could do. eBay has no solid policy in place for money order transactions and cannot return your money. Yes, there are negotiation services you can use, but when the seller is resistant, you are helpless. If we had used PayPal for that transaction, we would have been saved. This is why it is of the utmost importance that you use PayPal for every eBay transaction. Avoid possible headaches!
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