The steps in how to open a PayPal account is fairly easy but new users may encounter a few technicalities that may confuse them. Here are several things that may want to know if you intend to open a PayPal account.
First and foremost, you need to have a credit card or a debit card to open a PayPal account. While you can signup for a PayPal account even without a credit card or debit card, you will need them to actually use the service. To integrate your PayPal account to your debit card or credit card, it is necessary for you to type down the card verification number. Visa, MasterCard, and Discoverer cardholders can find the card verification number in the last three digits in the signature area at the back of the card.
One more thing that you have to know when you open a PayPal account is that you have to connect it with a bank account as well. Besides your credit card or debit card, this is the lone method of getting the money from your PayPal account. To integrate your bank account to your PayPal account, you need to be familiar with your bank routing number, your bank account number, and your bank name of course. If you do not know what your bank routing number is, you may do a quick search on the internet.
It is also a requirement to verify when you open a PayPal account. Unverified users are only entitled to a $500 per month withdrawal limit; on the other hand, verified users can enjoy an unlimited amount of withdrawal anytime. Unverified users are those who have not take extra steps to confirm their identity with PayPal. There are several simple things that you can do to verify your account. First you have to confirm your email address with the verification link that PayPal sends you upon registration. Then you have to connect a bank account to your PayPal account through the steps described above.
Following these simple tips will make your newly created PayPal account up and running in no time at all.