PayPal is an online payment system that allows individuals and businesses to electronically transfer money. Max Levchin, Peter Thiel, and Luke Nosek, former members of the security software company Confinity, founded it under the name "Confinity" in December 1998. Initially, the company concentrated on developing software that would allow secure payments via handheld devices.
Confinity merged with X.com, which was founded by entrepreneur Elon Musk, in March 2000. X.com was an online banking company that offered online payment solutions in order to disrupt the traditional financial industry. The company was renamed PayPal after the merger, and its focus shifted to developing a comprehensive online payment platform.
PayPal's early growth was fueled by the popularity of the platform among eBay users, who used it to buy and sell items on the online auction site. eBay paid $1.5 billion for PayPal in 2002, and PayPal quickly became the primary payment method for eBay transactions. PayPal's services have evolved over time to include a diverse range of payment solutions for both online and offline transactions, such as credit card processing, mobile payments, and peer-to-peer transfers.
PayPal is now one of the world's largest online payment platforms, with over 400 million active users in over 200 markets worldwide. PayPal has expanded beyond its core payment services into other areas such as e-commerce and financial services. The company has remained a major player in the digital payments industry by continuing to innovate and adapt to changing consumer needs.
Create PayPal account
Follow these steps to open a PayPal account:
1. Go to the PayPal website (www.paypal.com) and click on the "Sign Up" button in the top right corner.
2. Choose whether you want to create a personal or business account, then click the "Continue" button.
3. Enter your contact information, including your name, email address, and password.
4. Please include your contact information, including your mailing address and phone number.
5. Connect your bank or credit card to your PayPal account. This step is optional, but it is recommended because it allows you to easily transfer money to and from your PayPal account.
6. Click on the verification link sent to your email address to confirm your email address.
After you've established your PayPal account, you can begin sending and receiving payments online. You can link multiple bank accounts and credit cards to your PayPal account and use the one you want for each transaction. PayPal can also be used to pay for goods and services online and to send money to family and friends.
PayPal offers a range of services for businesses, including:
PayPal Payments Standard: This is a basic payment solution that enables businesses to accept PayPal payments online. Customers can pay via PayPal, credit or debit card, or bank account.
PayPal Payments Pro: This is a more advanced payment solution that allows businesses to accept payments without redirecting customers to PayPal. Other features include recurring billing, fraud management tools, and the ability to customize the checkout process.
PayPal Here is a mobile payment solution that enables businesses to accept payments in-person by using a mobile card reader and a smartphone or tablet. It accepts credit and debit card payments, as well as contactless payments such as Apple Pay and Google Pay.
PayPal Business Debit Mastercard: This is a debit card linked to a company's PayPal account that can be used to withdraw cash from ATMs, make online and in-store purchases, and earn cashback on eligible purchases.
PayPal Working Capital is a business loan program that funds eligible businesses based on their PayPal sales history. It has a straightforward application process and flexible repayment options.
PayPal
also offers tools for managing invoices, tracking sales and expenses, and
generating reports, in addition to these services. For a more seamless payment
experience, businesses can integrate PayPal with their e-commerce platform or
accounting software.
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| Eligible Country |
Eligible country
PayPal is available in more than 200 countries and regions around the world. PayPal is available in the following countries: the United States, the United Kingdom, Canada, Australia, Germany, France, Italy, Spain, Japan, China, India, and Brazil. However, some countries may impose restrictions or limitations on the services provided by PayPal.
Go to the PayPal website and select your country from the drop-down menu to see if PayPal is available in your country. If your country is listed, you can open a PayPal account and begin sending and receiving money online. Keep in mind that, in order to comply with local regulations, PayPal may require additional documentation or verification in certain countries.
Afghanistan
Albania
Algeria
American
Samoa
Andorra
Angola
Anguilla
Antigua
and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
The
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bosnia
and Herzegovina
Botswana
Brazil
British
Virgin Islands
Brunei
Bulgaria
Burkina
Faso
Burundi
Cambodia
Cameroon
Canada
Cape
Verde
Cayman
Islands
Central
African Republic
Chad
Chile
China
Colombia
Comoros
Congo
- Brazzaville
Congo
- Congo
Cook
Islands
Costa
Rica
Croatia
Cyprus
Czech
Republic
Ivory
Coast
Denmark
Djibouti
Dominica
Dominican
Republic
Ecuador
Egypt
The
Savior
Equatorial
Guinea
Eritrea
Estonia
Swatini
Ethiopia
Falkland
Islands
Faroe
Islands
Fiji
Finland
France
French
Guiana
French
Polynesia
Gabon
The
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guadeloupe
Guam
Guatemala
Guernsey
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong
Kong SAR China
Hungary
Iceland
India
Indonesia
Iraq
Ireland
Isle
of Man
Israel
Italy
Jamaica
Japan
Jersey
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
SAR China
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall
Islands
Martinique
Mauritania
Mauritius
Mayotte
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Myanmar
(Burma)
Namibia
Nauru
Nepal
The
Netherlands
New
Caledonia
New
Zealand
Nicaragua
Niger
Nigeria
North
Macedonia
Northern
Mariana Islands
Norway
Oman
Pakistan
Palau
Palestinian
Territories
Panama
Papua
New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Puerto
Rico
Qatar
Romania
Russia
Rwanda
Meeting
Samoa
San
Marino
Saudi
Arabia
Senegal
Serbia
Seychelles
Sierra
Leone
Singapore
Slovakia
Slovenia
Solomon
Islands
Somalia
South
Africa
South
Korea
Spain
Sri
Lanka
St.
Louis Kitts & Nevis
St.
Louis Lucia
St.
Louis Martin
St.
Louis Vincent & the Grenadines
Customer service
Here are some ways to contact PayPal customer service if you require assistance with your PayPal account:
Contact PayPal through the Help Center: PayPal has an extensive Help Center that contains answers to many frequently asked questions about using PayPal. Log in to your PayPal account and click the "Help & Contact" button in the top right corner of the page to access the Help Center. You can then search for answers to your questions or browse through the various categories to find the information you require.
Call PayPal customer service: If you need to speak with a customer service representative, dial 1-888-221-1161. Monday through Friday, 5:00 a.m. to 10:00 p.m. PT, and weekends, 6:00 a.m. to 8:00 p.m. PT. When you call, have your PayPal account information ready.
Use the PayPal Message Center: Within your PayPal account, you can send a message to PayPal customer service via the Message Center. Log in to your PayPal account, then click on the "Help & Contact" button, followed by the "Message Center" link at the bottom of the page. Send a message to PayPal with your question or problem, and a customer service representative will respond within 24 hours.
Connect with PayPal on social media: You can also contact PayPal customer service via social media platforms such as Twitter and Facebook. PayPal's social media team can assist you in answering your questions and resolving account-related issues.