How to Set Up a Personal PayPal Account

PayPal is a secure website that is used to transfer or accept payments. A lot of businesses today use PayPal to accept payments when you purchase something. Some companies even use it to pay their employees. It is a great idea to set up a PayPal account for personal use. It is a great way to send money to someone if you purchase something for personal use. For example, someone may be selling something through a want ad or craigslist and may require payment before the item can be acquired. They would most likely accept payment from PayPal. All you would need to know is what email address they use on PayPal and you could transfer money to them. Ebay also accepts PayPal as a preferred method of payment. There are thousands of other websites out there that accept payment in this form. It is easy to set up and is very quick. Follow these simple steps and get started sending and receiving money today.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• A Computer
• A Checking or Savings Account
• A Valid Email Address

How to Set Up a Personal PayPal Account

1. Go to PayPal.com and click on sign up on the top of the page. You'll need to choose your account type here. You want to select Personal Account. Click the "Start Now" button to begin.

2. Enter your personal information and create a password. Read the user agreement and privacy policy and then click "I Agree, Create My Account" at the bottom of the page. This will take you to a screen where you have to enter your bank account information so that you can send and receive money.

3. Enter your bank name and type of account, checking or savings. Then enter your bank routing number. It is usually the set of numbers at the bottom of your check all the way to the left. Then enter your bank account number. This is usually the set of numbers in the middle on the bottom of your check.

4. Click submit when all of your information has been entered. PayPal will then send you an email to verify your information.

5. Open the email and click on the link they give you. This will take you to an information verification screen. You will have to enter the answers to your security questions here and verify your information. Once completed, you will see a message that says your account has been successfully completed. Congratulations. You are all set to start sending and receiving money through PayPal.

Tips & Warnings

• PayPal only accepts one checking or savings account number per Personal Account. If you want to set up more than one Personal Account you will need a different email address and account number for each one created.

Who Can Help:

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[green-t]

on 3/10/2009 Wow! Super helpful. I wasn't sure what type of account was to my benefit. Thank you so much for simplifying that for me. Green-t