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? Don’t worry, in this post we will explain what PayPal is? 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. Even in some countries you can limit or delimit 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.
PayPal’s main purpose is to move money electronically; therefore, you can make purchase payments online and send and receive money, through national or international transfers, immediately.
To enjoy the PayPal service you only need to have an email address; it is a secure 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:
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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.
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Secure 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 wish 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 greatest advantage is that the money is immediately made effective; 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.
- Qualifying purchases are covered by PayPal’s Buyer Protection Guarantee.
- The PayPal service is accepted in a large number of online stores and apps; such as 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 mobile.
- In your PayPal account you can save large amounts of money; but, for this you need to have an associated credit card.
How to receive money in PayPal?
To receive money in your PayPal account, you only have to give 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’s how to create a link:
- Sign 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 on it.
- Click “create PayPal.Me profile.”
- Click “Add Photo” and a window will appear where you must choose the photo you want to upload. You can also click “Not now”.
- Create a link, the name of the link should be easy to remember and you can write whatever you want. Then click next.
- Check the box where you agree to show your link to other PayPal users.
- Click “Accept and create”.
Remember to copy the link so you don’t forget.
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 you wish 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 (whether international or national), that money will be made immediately.
Don’t think about it anymore and start enjoying the benefits that having a PayPal account offers you today. And in case you want to configure your account to present a different business name, PayPal offers you the opportunity to do it in a few steps.
