PayPal is a globally recognised online payment system used by millions of shops and platforms worldwide. It is convenient and offers great opportunities. Its advantage is, among others, wide adaptability. With its help, you can pay and accept payments within the Conotoxia Pay system. Thus, it is worth knowing what this service is and what potential it brings when running a business accepting payments online.
PayPal account - types
On the PayPal platform in question, you can have two PayPal accounts at the same time - a private and a company one. Their purpose is completely different, so it is wise to familiarise yourself with their features before registration.
- PayPal personal account - as the name suggests, is for personal use only. The account holder can pay for online purchases, send money to other people, and request and receive money to their account.
- Business account - designed for people who run their own business. Ideal both for start-ups and large companies. It allows, above all, to accept payments in many currencies. Due to the high recognition of PayPal, offering this method, e.g. within Conotoxia Pay, may increase the conversion rate, e.g. in an online shop.
PayPal - registration
How to create a PayPal account? Setting up an account with PayPal is easy. Everyone should be able to handle this task. All one has to do is go to the platform's website and select "Create an account" in the top right corner.
The next important step is to choose the account type. It determines which functions will be made available to us. As mentioned above, there are 2 types of accounts. You can choose between a personal PayPal account or a business account used to send and receive payments within your business.
Registering with PayPal requires filling in the necessary data, such as name, email address and phone number. To fully activate the account after registration, the user has to click on the link sent to the email address.
How do I open a PayPal account without a credit card?
Contrary to popular belief, there is no need for a credit card or any other kind of card to sign up for PayPal. It is enough to follow the instructions above to fully activate and use the account.
However, connecting a payment card to PayPal is possible and makes it easier to pay for online transactions. Thanks to this, the user does not have to top up the PayPal account each time to make a payment. In case of no funds in the PayPal wallet, they will be taken from the connected payment card.
How to add money to a PayPal account?
To use a PayPal account for paying for online transactions, the account must first be topped up. There are several possibilities to transfer funds to the account:
- Traditional bank transfer - funds can be added using a traditional bank transfer. Such a top-up usually takes between 1 and 2 days. To deposit funds on PayPal, it is sufficient to copy the transfer details and order the transfer in online banking or visit the bank. The bank account must be registered in the same name as the PayPal account for the money to be credited correctly.
- Express top-ups - PayPal can also be topped up with instant top-up. How does it work? It is nothing else than a quick online payment, during which we log into our online banking and complete the transfer. The difference with a traditional transfer is that the transaction will be processed immediately, and the money will instantly go to the PayPal account.
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How to pay using PayPal?
PayPal does not assign us an account number. Instead, the identifier used is simply the email address entered during registration. If you give it to another person, they will be able to send you funds via the service.
A similar method is used for payments in online shops, e.g. using the Conotoxia Pay system. After selecting PayPal as the payment method, you will be asked to log into the service and confirm the transaction.
Start using Conotoxia Pay in your store!