Quick and Easy Guide to Creating a PayPal Account
I. What is PayPal? Essential Information about PayPal Accounts.
II. Creating a PayPal Account.
I. What is PayPal? Essential Information about PayPal Accounts
PayPal is a popular online payment gateway worldwide, with numerous websites allowing online transactions via PayPal accounts for purchasing goods and services online. Acting as an intermediary, PayPal links to your bank accounts, credit cards, debit cards, etc., to facilitate transactions.
Moreover, you can utilize your PayPal account to send/receive money from individuals, companies in various countries. Particularly handy for receiving funds when engaging in Affiliate Marketing, as most affiliate networks accept PayPal payments. Once you receive funds, you can easily withdraw them to your bank account in Vietnam.
* Benefits of owning a PayPal account
- High-level security, no worries about exposing information as with visa/mastercard
- Fast, secure, and widely accepted worldwide
- Utilize the Chargeback feature to reclaim funds if defrauded online
- Eligible for refunds up to 60 days if dissatisfied with services paid for using PayPal
- Companies worldwide currently require verification of visa/mastercard information from Vietnam, necessitating time-consuming back-and-forth card photo exchanges. However, transactions with PayPal never encounter such issues.
* Requirements for registering a PayPal account
- Possess an international Visa or Mastercard debit/credit card from recognized banks. This Visa/Mastercard will be used to verify your account and link your Card to your Paypal account.
If you don't have a Visa/Mastercard or don't know how to obtain one, Mytour's guide on how to get a Visa card in Vietnam will be helpful to you.
- Have an active email account. With Paypal, your email address will be your primary account for receiving money and making online payments. Therefore, you should use a domain-specific email or, if using a free email address (e.g., gmail), enable two-step verification to prevent hacking.
Note: In addition to using physical Visa/Mastercard cards, you can also register and link your Paypal account with virtual Visa/Mastercard cards. However, these cards are not very common and are issued by only a few banks. You should consider carefully before using them.
II. Creating a PayPal Account
1. Signing up for a PayPal Account
Step 1: Visit the PayPal website in Vietnam, click on 'sign up' at the top right corner of the screen. You can also directly access the PayPal registration link Here.
Step 2: Choose the type of account you want to create (personal/business account). Both types of accounts are free to open. Since most Mytour users are individuals, we will select to open a personal account here. Then click 'Next'
Step 3: In the account type selection section, click on the arrow to view and choose the appropriate account type, then click 'Next'
Step 4: Enter the mobile phone number you are using, then click 'Next'
Step 5: Enter the confirmation code sent by PayPal to your mobile phone.
Step 6: Upon successful phone number verification, you will receive an email address, middle name, password, then click 'Next'
Step 7: In the additional personal information section, you need to enter complete personal information, including nationality, date of birth, ID card/passport/driving license number, address,... Then, activate One Touch (maintain login status and no need to enter password each time shopping on PayPal) and confirm the user terms and privacy statement from PayPal. Finally, click 'agree and create account'. Specifically:
- Date of birth: Enter in the format dd/mm/yyyy, i.e., day/month/year.
- ID card/driving license/passport: Enter your ID card number.
- Address 1, Address 2: Enter the address where you currently reside.
- Zip Code: postal code of your current residence (Hanoi's Zip code is 100000)
Step 8: The screen displays successful account registration.
2. Confirming PayPal Account
After registration, your PayPal account needs to be confirmed before it can be used. The confirmation process will proceed as follows:
Step 1: Open the Email you used to register for a PayPal account. Click on the email from [email protected] and select 'confirm my email address' to confirm the registered PayPal account.
Step 2: Enter the password you just created for PayPal to confirm your email.
Step 3: Choose the payment method (via debit card, credit card, or bank account). Here, Mytour chooses to link via debit/credit card.
Step 4: Enter the details of your credit or debit card, choose the card type (Visa/Mastercard), expiry date on the card, CSC security code at the back of the card, then click 'link card'
- Card number: The number printed on the front of the card (16 digits)
- Expiry date: The month & year of card expiry, also printed on the front of the card.
- CVV number: Flip the card to the back to find the 3-digit CVV number located on the outer edge of the card.
Step 5: The linking process with PayPal is successful. You can log in to PayPal using the username and password you created and proceed with transactions such as transfers/receipts/withdrawals.
Thus, Mytour has completed the tutorial on creating a PayPal account, registering for a PayPal account, and confirming online quickly and conveniently. With this process, you can quickly make transactions and payments for services on the Internet in the fastest way possible, all from the comfort of your home.
Not only supporting registration and account creation on computers, but PayPal also assists users in registering accounts on mobile devices. To begin, you need to download and install PayPal on your phone. If you're unsure how, Mytour's article on how to download and install PayPal on mobile will guide you through the process.