You need to send or receive money without paying commission from abroad with PayPal. And then you wonder what is PayPal? and how can I receive money in PayPal? Do not worry, in this post we will explain what is PayPal? How to receive money in PayPal?
What is Paypal?
It is a virtual wallet dedicated to processing payments and transfers from any corner of the world through the internet. In some countries, you can even limit or limit money transfers and withdrawals. This platform was founded in 1998 and since then it has gained a large number of users and is the most popular among similar platforms.
The main objective of PayPal is to mobilize money electronically; For this reason, you can make payments for purchases online and send and receive money, through national or international transfers, immediately.
To enjoy the PayPal service you only need to have an email; It is a safe method because the financial data of each user is kept private, it is not necessary to share it with the recipient. This platform has been characterized by providing its users with great security and comfort.
Advantages of using PayPal:
- Opening a PayPal account is very simple; you just need to enter an email and give some personal information.
- You can verify your PayPal account with a credit or debit card in just a few steps.
- Safe system; since your bank details are protected by an automatic encryption system and advanced fraud systems that PayPal has implemented.
- It is a simple platform to use. For example; If you want to receive transfers, you only have to give the recipient your email address associated with PayPal, at no time will they ask you for personal or financial information.
- Free service for buyers using PayPal.
- Its biggest advantage is that the money is paid immediately; you don’t have to wait days for a transfer.
- PayPal has a large international market and more than 200 million users enjoy using this service.
- Eligible purchases are covered by PayPal’s buyer protection guarantee.
- The PayPal service is accepted in a large number of online stores and apps; like Uber, Microsoft, Spotify, Adidas, Puma, among others.
- With PayPal it is possible to exchange currencies; that is, you can convert one currency into another instantly, you only have to pay a small commission.
- You can use PayPal from your mobile.
- You can save large amounts of money in your PayPal account; but, for this, you need to have a credit card associated with it.
How to receive money in PayPal?
To receive money in your PayPal account, you only need to provide the email address that you registered with PayPal. You can currently receive payments using PayPal.Me
This system consists of sharing a personal link; then, the recipient just clicks, enters the contribution, logs in and you will receive the money in a matter of seconds in your PayPal account. Here we explain how to create a link:
- Log in to your PayPal account; If you do not have an account on this platform, you must create one, you just have to enter your email, password and fill out a small form.
- When you enter the PayPal home page, locate the option “Create a PayPal.Me link” and click there.
- Click on ” Create PayPal.Me Profile. “
- Press «Add Photo» and a window will appear where you must choose the photo you want to upload. You can also click on “Not now.”
- Create a link, the name of the link should be easy to remember and you can write what you want. Then click next.
- Check the box where you agree to show your link to other PayPal users.
- Press «Accept and create».
Remember to copy the link so you don’t forget it.
Points of interest:
- PayPal will inform you by email that the funds are already credited to your account.
- Although it is not necessary to have a registered bank account to receive money; if it is necessary to link an account if what you want is to withdraw said funds. Keep in mind that the owner of the bank account must be the same as the PayPal account.
- When a PayPal user makes a payment to you (international or national) that money will be paid immediately.
Don’t think twice and start enjoying the benefits that having a PayPal account offers you today. And if you want to configure your account to present a different business name, PayPal gives you the opportunity to do so in a few steps.