Information Required for PayPal

PayPal is a common payment method used by eBay buyers and sellers. It provides a secure way for the transfer of money to pay for services and merchandise. PayPal offers personal accounts along with upgraded premier and business accounts.

Information

To set up a PayPal account, an individual is required to enter an email account, first and last name, address, and phone number. A password with a minimum of 8 characters is required too.

Benefits

Using PayPal ,a consumer can shop and pay for items, send money to almost anyone with an email address, and receive payments for items sold.

Payment

To pay for merchandise, a checking account or credit card information must be registered with PayPal and verified.

Bank Account

To set up a bank account you will need to enter their account number and routing number from a checking or savings account. In addition, PayPal allows a user to setup payment using a Visa, MasterCard, Discover, and American Express.

Tip

Be sure to research the costs behind sending or receiving money through PayPal. There are ways to do so without incurring fees.

References

• PayPal: Help Center