Hey Friends, today I’m going to tell how to create an PAYPAL account in INDIA PayPal is the safest and the best internet service allowing users to send and receive payments with 0% extra fees. As my readers are mostly blog owners, SEO masters or online earners, So PayPal is a must for them. But most of them don’t know how to open a new full fledged verified PayPal account.
Introduction About Paypal:
PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal is one of the world’s largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee.Established in 1998, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year.In 2014, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015.PayPal was established in December 1998 as Confinity, a company that developed security software for handheld devices founded by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery. PayPal was developed and launched as a money transfer service at Confinity in 1999, funded by John Malloy from BlueRun Ventures.
In March 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and then-president and CEO of X.com, Bill Harris, disagreed on this point and Harris left the company in May 2000. In October of that year, Musk made the decision that X.com would terminate its other Internet banking operations and focus on the PayPal money service.In the same month, Elon Musk was replaced by Peter Thiel as CEO of X.com. The X.com company was then renamed PayPal in 2001, and expanded rapidly throughout the year until company executives decided to take PayPal public in 2002. Paypal’s IPO listed under the ticker PYPL at $13 per share and ended up generating over $61 million.
Shortly after PayPal’s IPO, the company was acquired by eBay in July 2002 for $1.5 billion, with a valuation of over $23 a share, or 77% above the IPO price. More than 70 percent of all eBay auctions accepted PayPal payments, and roughly 1 in 4 closed auction listings were transacted via PayPal. PayPal became the payment method used by a majority of eBay users, and the service competed with eBay’s subsidiary Billpoint, as well as Citibank’s c2it, Yahoo!’s PayDirect, Google Checkout and Western Union’s BidPay service, all of which closed in subsequent years.PayPal acquired the VeriSign payment solution in 2005 to expand its e-commerce business and provide added security support.In 2007, PayPal announced a partnership with MasterCard that led to the development and launch of the PayPal Secure Card service, a software that allows customers to make payments on websites that do not accept PayPal directly by generating a unique, single-use MasterCard number for each checkout.By the end of 2007, the company generated $1.8 billion in revenue.
In January 2008, PayPal acquired Fraud Sciences, a privately held Israeli start-up company with expertise in online risk tools, for $169 million, in order to enhance PayPal’s fraud management systems.In November 2008, the company acquired Bill Me Later, an online payments company offering transactional credit at over 9000 online merchants in the US.PayPal revenues for Q1 2009 were $643 million, up 11 percent year over year. 42 percent of revenues in Q1 2009 were from international markets. PayPal’s Total Payment Volume, the total value of transactions in Q1 2009 was nearly $16 billion, up 10 percent year over year.By 2010, PayPal had over 100 million active user accounts in 190 markets through 25 different currencies. In July 2011, fourteen alleged members of the Anonymous hacktivist group were charged with attempting to disrupt PayPal’s operations. The denial of service attacks occurred in December 2010, after PayPal stopped processing donations to Wikileaks. On December 5, 2013, 13 of the PayPal 14 pleaded guilty to misdemeanor and felony charges related to the attacks.
The company continued to build its Merchant Services division, providing e-payments for retailers on eBay. In 2011, PayPal announced that it would begin moving its business offline so that customers can make payments via PayPal in stores. In August 2012, the company announced its partnership with Discover Card to allow PayPal payments to be made at any of the 7 million stores in Discover Card’s network.By the end of 2012, PayPal’s total payment volume processed was US$145,000,000,000. and accounted for 40% of eBay’s revenue, amounting to US$1,370,000,000 in the 3rd quarter of 2012.In 2013, PayPal acquired IronPearl, a Palo Alto startup offering engagement software, and Braintree, a Chicago-based payment gateway, to further product development and mobile services.In June 2014 David Marcus announced he was leaving his role as PayPal President; Marcus joined PayPal in August 2011 after its acquisition of Zong, of which he was the founder and CEO. David Marcus succeeded Scott Thompson as president, who left the role to join Yahoo.PayPal announced that Marcus would be succeeded by Dan Schulman, who previously served as CEO of Virgin Mobile and Executive vice president of American Express.
PayPal’s corporate headquarters are located in the North San Jose Innovation District of San Jose, California,at North First Street campus.The company’s operations center is located in Omaha, Nebraska, which opened in 1999.Since July 2007, PayPal has operated across the European Union as a Luxembourg-based bank. The PayPal European headquarters are located in Luxembourg and the international headquarters are in Singapore. PayPal opened a technology center in Scottsdale, Arizona in 2006,and a software development center in Chennai, India in 2007.In October 2007, PayPal opened a data service office on the north side of Austin, Texas,and also opened a second operations center in La Vista, Nebraska that same year.In 2011, joining similar customer support operations located in Berlin, Germany; Chandler, Arizona; Dublin, Ireland; Omaha, Nebraska; and Shanghai, China; PayPal opened a second customer support center in Kuala Lumpur, Malaysia, and began the hiring process.In 2014, PayPal opened a new global center of operations in Kuala Lumpur.
As of 2017, PayPal operates in 202 markets and has 218 million active, registered accounts. PayPal allows customers to send, receive and hold funds in 25 currencies worldwide.PayPal’s services allow people to make financial transactions online by granting the ability to transfer funds electronically between individuals and businesses.Through PayPal, users can send or receive payments for online auctions on websites like eBay, purchase or sell goods and services, or donate money or receive donations. It is not necessary to have a PayPal account to use the company’s services.PayPal account users can set currency conversion option in account settings, instructions.From 2009 to 2016, PayPal operated Student Accounts, allowing parents to set up a student account, transfer money into it and obtain a debit card for student use. The program provides tools to teach how to spend money wisely and take responsibility for actions.PayPal discontinued Student Accounts in August 2016.
In November 2009, PayPal opened its platform, allowing other services to get access to its code and to use its infrastructure in order to enable peer-to-peer online transactions.In 2007, PayPal acquired the online credit product Bill Me Later, Inc. which has since been rebranded as PayPal Credit, and provides services for Comenity Capital Bank, the lender of PayPal Credit accounts. Founded in 2000, Bill Me Later is headquartered in Timonium, Maryland, with additional offices in Hunt Valley, Maryland, Chandler, Arizona and San Francisco, California. PayPal Credit offers shoppers access to an instant online revolving line of credit at thousands of vendors that accept PayPal, subject to credit approval. PayPal Credit allows consumers to shop online in much the same way as they would with a traditional credit card. The rebranding of Bill Me Later as PayPal Credit also means that consumers can use PayPal Credit to fund transactions virtually anywhere PayPal is accepted. In 2015 PayPal agreed that PayPal Credit would pay a $25 million fine to settle a complaint filed in Federal Court by the Consumer Financial Protection Bureau.
Warning :- You must be 18+ to have a PayPal Account under your name.
Things you have to need:-
First you need a PAN (Personal Account Number) CARD, its a must and without this you cannot have a verified account. You can submit an application form using this Link. Usually it takes a month for your PAN card to reach your home….An Indian Bank account ( I prefer SBI or SBH ), I have seen some of my friends struggling with some other Banks. Neither Online/ Net banking nor ATM/Credit Card is also required….An Email account (Recommended: Gmail Account)
Steps to Setup A PayPal Account:-
Go to PayPal.com and SignUp for a new account….Select your Country and the type of account you need. Select business account only if you are having a company or so….Enter all the details CareFully. Make sure the name you use is the same as that on your PAN card as well as Bank Account. Uncheck the Credit Card box if you don’t want to connect your Card with PayPal.
It will again ask for Credit Card details, you can simply skip it by clicking the text saying “Go to my Account” or by just opening paypal.com again…..Check you Email for verification mail and verify your email account. Your account is now created, but still not ready to receive or send payments.
To verify your PayPal account go to the click on the link saying Get Verifed. You will be asked to enter your PAN Card Number and your Bank account details (Name, Branch, Address and Account Number)….After you enter your Bank account details, PayPal will send some money (around 1-2 INR) to your account. It takes upto 4-7 working days for it..After you have received money on your bank account, open up your PayPal account and again go to the Get Verified link. Now you will have to enter the exact amount PayPal sent you…Once you enter the amount, your PayPal account will be completely verifed and will be eligible to receive and send payments.
Note: PayPal will send you confirmation mail for every step completed.