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How to create a PayPal Business Account | What are the benefits of PayPal Account

Now, a day’s online payment processing systems are growing very fast due to Lifestyle & Technology. According to report payment Gateway market value is USD 17.2 Billion in 2019 and as per research it will be reach USD 42.9 Billion by 2025 is expected. The most popular Global payment gateways like; PayPal, Amazon Pay, Skrill Limited, Stripe, PayU, Adyen, Payza, Ingenico, Payoneer & Alipay etc. and today I'm discussing the world's largest Payment Gateway platform PayPal. So, Let’s start the topic.

 

INDEX

1. What is PayPal

2. Why choose PayPal

2.1. Free & Easy to Setup

2.2. Fast Payment

2.3. Buy Online through App

2.4. Touch free Payment

2.5. Use PayPal's Customer Network

2.6. Multiple Payment Feature in a one Account

2.7. Business Protection.

3. How to Create a Personal PayPal Account

3.1. Benefits of Personal PayPal Account

4. Benefits of Business PayPal Account

5. Fees Structure of Business Account

5.1. Fee for Local Payments

5.2. Fee for International Payments

6. How to Create a Business PayPal Account

7. How to earn money through PayPal Referral or PayPal Affiliate.

7.1. How to create referral  link.


1. What is PayPal?

PayPal is an American Company and The World's one of the largest payment gateway system basically PayPal processing the online payment and specially designed for  eCommerce platform. The main vision of PayPal is to helps the people and companies to send and receive payments without providing financial information. PayPal provide world class safe way and easy payment process worldwide and locally.

2. Why choose PayPal

As I discussed earlier PayPal is the world's best and one of the largest Payment Gateway Brand and they provide World Class safe and easy payment process for your Business and they are sending and accepting Personal & Business Payment globally more than 200 countries by using email id or Phone Number. They have largest customers data base 325 million. PayPal offers lots of Reward Points and Referrals offer also. The main reasons are why choose PayPal's as follows;

2.1. Free & Easy to Setup

PayPal is absolutely Free for Sign Up!, You can Sign up with a basic details and start receiving payments globally.  

2.2. Fast Payment

You can send the money to someone (Family & Friends), Receive, Split the Bill and receive the money as a group also very fast by using the mail id or Phone Number.

2.3. Buy Online through App

You can buy online as you required through App and get instant notification on your registered mobile number.

2.4. Touch free Payment 

Due to Covid-19 outbreak we are taking some precaution like keep social distancing and no touch. You can use the touch free payment when require to pay someone from you PayPal App.

2.5. Use PayPal's Customer Network

They have 325 million customers over 200 countries so, you can start selling with them who trust PayPal for making payment.

2.6. Multiple Payment Feature in a one Account

PayPal is like one stop solutions for your Business. You can sell your product on your website or in a Marketplace or if required to send the Invoice to the potential customer directly.

2.7. Business Protection.

Online transaction has lots of advantage and disadvantage also like data steeling or online fraud but PayPal provide seller protection safeguards to your business from fraud prevention.

3. How to Create a Personal PayPal Account

Are you excited to create a Personal PayPal Account then copy the link and past it on your browsing bar https://www.paypal.com/ca/for-you/account/create-account  and then click the Sign Up for Personal Account Button.

 

1st select your country from drop down menu.


2nd Put your email id, phone number and create Password.


  3rd Fill your address details and check the two I agree boxes.

4th Link to your Debit / Credit Card for Future purchase. You have to put Card Number, Card Type, Expiry date & Security code (CVV) then hit the Link button. After that you will get Congratulations!. Now your PayPal personal account is ready to send & receive the International money ans as well as Local payment also.


3.1. Benefits of Personal PayPal Account

  • PayPal Account Sign Up is free!
  • You do not need to pay transaction fees while online purchase, 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.

 

4. Benefits of Business PayPal Account

If you are a entrepreneur faced a lots of issue while sending or receiving the International Payment or you are depend with 3rd party vendor for International transaction then this is the right time to kick the extra burden for international transaction. And other benefits of business account as follows;

  • No! Monthly fees only pay when you get paid.
  • Securely accept credit and Visa Debit card payments.
  • Your buyers don’t need a PayPal account.
  • Get paid faster with Online Invoicing and PayPal Checkout.
  • Sell securely with PayPal Seller Protection.


5. Fees Structure of Business Account

There’s no set-up/installation fee or hidden charges. You pay only when you get paid.

5.1. Fee for Local Payments

Per Transaction Fee:

3.0 % + Fixed fee (INR.3)

2.5%* + Fixed fee (INR.3)

*For domestic transactions, notwithstanding anything to the contrary stated in the User Agreement, in line with Payment and Settlement Systems Act, 2007, no charges (including any MDR rates) will be levied on transactions undertaken through the following:

(a) RuPay Debit

(b) UPI & BHIM-UPI

(c) UPI QR Code & BHIM-UPI QR Code

More.


5.2. Fee for International Payments

Fee for receiving online payments and invoices.

Monthly Sales

International Customers (Per Transaction)

Sale Up to USD $3,000

@4.4 % + fixed fee based on the currency

Sale USD $3,000.01 to USD $10,000

@3.9% + fixed fee based on the currency

Sales USD $10,000.01 to USD $100,000

@3.7% + fixed fee based on the currency

Sales USD $100,000.01 and over

@3.4 % + fixed fee based on the currency

more details.


6. How to Create a Business PayPal Account

To sign Up the PayPal Business Account copy the link and past it on your browsing bar https://www.paypal.com/ca/for-you/account/create-account  and then click the Sign Up for Business Account Button.


1st enter your email id and hit the submit button.



2nd create your password.

3rd. enter all the business information and hit the agree and create account button. After that you will get the Congratulations!. 

 

 

 Now, you are ready to send and received the payment globally.


7. How to earn money through PayPal Referral or PayPal Affiliate.

Earn Up to US $100 by PayPal Referral.You can invite your friends to open a PayPal Business account and get USD $10 for every successful referral when your friends sign up through your referral link and receive International payment at least USD$100 within 45 days of account activation.

7.1. How to create PayPal referral  link.

To create a PayPal referral link just click on the link https://www.paypal.com/in/webapps/mpp/merchant-referral then click the refer now. After that you have submit your First Name, PayPal Registered email id and Phone No.

On the next page you will get your referral Link and after copied share it on any platform like, Gmail, Yahoo, Oulook, Facebook, Twitter, Whatsapp.



 Picture Credit: PayPal

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