Many have heard of Paypal, but still not everyone knows what Paypal is and how to use it. Among the numerous payment systems, Paypal stands out in that it allows you to pay for goods and services from more than 200 countries of the world and is available in 26 languages. Although initially a service was created to service electronic trading in the domestic market of the United States. However, 2 years after its creation, the payment system began to serve ebay, and thus about half of the electronic payments carried out in the world were made by PayPal.
In 2005, the payment system became available in Europa, but until 2013 its functionality was limited – it was impossible to withdraw money to the card of European banks and use European € as a currency to pay for goods and services. For residents of Ukraine, Belarus and Kazakhstan, such restrictions, in addition to the inability to receive payments to the PayPal account, still apply.
Paypal user manual
The question of why an electronic wallet is needed in this payment system, if there is Yandex Money, WebMoney and Qiwi, is no longer asked, since PayPal has firmly established itself as a reliable payment system with an advantage in the form of settlements around the world, a large baggage of developments and financial capabilities, significantly exceeding those of Runet payments. Therefore, domestic businessmen increasingly choose PayPal for doing business.
The system is also great for personal use, because with a PayPal account, you are 98% likely to be able to make a purchase in any online store without a card. A nice bonus is that the commission is paid by the seller, not the buyer. In addition, delivery of the buyer’s goods is a matter of the seller’s benefit, as until you confirm receipt, the money will not be credited to their account. You, as a buyer, have a full 45 days to demand a refund for the inadequate quality of the product or in the event that it has not been delivered.
The payment system also allows you to transfer money to relatives and friends for free. But for replenishing your own account from a linked card (not from an account!) You will need to pay a commission.
Otherwise, using the service is free, but since currency is often converted during the payment process, in order to avoid unnecessary expenses, it is recommended to disable the conversion by the service. Even the most greedy bank will withdraw less money for conversion.
Thanks to its intuitive design and European-language interface, the service is quite easy to use. Let’s consider how to register an electronic Paypal wallet .
Registration in PayPal and linking a payment card
On the main page of the service in the upper right corner, click “Register”.
Then you need to select the type of account. There are two of them: personal and corporate. If the wallet will only be used by you for your personal purposes, then choose the first option (after registering it, if necessary, it will be possible to “upgrade” to a corporate account), for business you need to create a corporate account. Its main advantage is a lower commission when accepting payments.
Next, you will need to fill out a form with an email address, password and country.
The system then requests personal data. They need to be entered as in a passport and take into account that if the system doubts the truth of the data, or notices suspicious activity, the account will be blocked. If this happens, then you need to go to the service website and contact support. Most likely, to unblock it, you will need to send a copy of your passport and some payment checks.
After that, you will need to confirm your email address – letters will be sent to the mail with links, which you will need to go through to confirm.
Then you will need to link a payment card, although this can be done later if there is no card yet. The advantages of verification are to increase the one-time payment limit and reduce the likelihood of account blocking if, for example, you tried to open a wallet several times while abroad. Verification also allows you to receive currency (and not only ruble) transfers.
If you have the right credit card at hand (a debit card will also work), then there should be about $ 2 on it for registration.
- From the main page of the site you need to go to the “Account” – “Bank accounts” section and click on the free cell “Add a card”
- Next, you need to enter the card number (on the front side), its validity period (on the front side in the month / year format) and a 3-digit confirmation code (the last 3 digits on the back of the card)
- Refresh the page and click on the added card “Confirm”. The card will be charged an amount equivalent to approximately $ 2
- In Internet banking, SMS or by calling the bank, you need to find out the payment details. The first 4 digits of the operation number are your verification code
- This code must be entered on the same page, in the same place where it was necessary to add and confirm the card
- After verification of the card, you can use all the services available in Europa that are provided by the Paypal payment system
