How to Open a PayPal Account

by Contributor

PayPal is an online money exchanging company that helps ensure that monetary transactions are performed in a secure, safe manner. PayPal is the method of choice for a majority of eBay users as well as many online services such as magazine sales and website subscriptions. PayPal brings many online transactions to one location to help you keep track of your online spending.

Browse to the Paypal website. In the address bar you will notice that the website starts with "https" instead of the more common "http." This is because PayPal has directed you to a secure site; the information being sent between your computer and their server is encrypted and is much safer than normal web traffic.

Click the button that says "Sign Up Now" in the middle of the page. This button will start your signup process.

Select the appropriate choices in the dropdown menus and then choose your account type by pressing the button labeled "Start Now." Most users want the Personal Account; it is free and has all of the basic PayPal features. The other two accounts are for online sellers and small businesses and have fees associated with them.

Fill in the fields on the next page and click "Continue" when you are done. Remember, you are on a secure site so your information is safe.

Confirm your email address using the instructions on the page. You'll need to go to the email account that you specified on the signup page and click a link in the email sent to you by PayPal. It's a good idea to confirm your email when you get this message so you won't forget to do this important step later.

Verify your bank account by selecting "Continue" on the next page. This will take you to a FAQ that explains the benefits of verification. When you have read the information you can click "Get Verified" at the bottom of the page. This will take you to a page where you can add a bank account by imputing your bank name, routing and account numbers.

Watch your bank account over the next few days. PayPal will make a series of small deposits to your account. After you see the deposits, log back into PayPal and click "confirm bank account" on the main account page. Input the exact amounts of the deposits and you are done.

Items you will need