PayPal Registration Information
PayPal was founded in 1998 in San Jose, California. EBay acquired it in 2002. PayPal offers a safe way for parties to pay online without any party knowing the other's financial information. This reduces fraud and provides better privacy.
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Account Types
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To register for PayPal, users are required to choose an account type: a personal account (for individuals to purchase and pay for items online), a premier account (for individuals to buy and sell online and to trade on eBay) or a business account (for merchants to conduct business online).
Account Setup
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Registrants need an email address, a physical street address, bank account information and a phone number. PayPal requires account confirmation through email or by phone.
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Eligibility
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The minimum age to register on PayPal is 18 years, but parents can set up student accounts for their children.
Citizen Requirments
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PayPal requires its users to be U.S. citizens or citizens of an approved country (listed on the website).
Credit Check
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PayPal might run credit checks on users who register for premier or business accounts.
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