Thinking, or how, what is called PayPal? You might have been thinking of what is this App really means, this Application is an online platform or its an application that gives individual a low cost or may I say an affordable services online. This allows to makes payment online between two parties via online transfer.
This provide a special space for customers to create and have an account on tis platform which connected to the users credit card or checking account.
This App is a very secure and really good for sending money online, and they have been running their own company as far back as 2015.
Once your identification and proof of funds are verified and confirmed, then been users, you can continue to send and recovery payment form other PayPal account online via this company’s App.
Thinking of know more about this application or the history of this online paying agent let’s seat and have little knowledge about the history of this site.
The first part of this Application was first launched in the 1990s by confinity, they later merged with X.com, this is an online banking company and officially took the PayPal name in early 2001.
This later broke into the mainstream after its appeared as a payment facilitator for eBay auctions, then, they later became popular that eBay decided to acquired transfer services while in 2015, This Application was spun off as an independent company. Where the company symbol is PYPL.
This application have some advantages and disadvantages that should be considered.
Advantages of PayPal
- This application it a very popular site for transferring fund between two parties
- It is a very simple and easy to use
- It is so lovely that you will like to use and use, it friendly
- They gives special discount to their customers
- The application us free when it comes to the issue of use no charges before you can use it
- You can easily buy their stuffs online and store, receiving and even transfer money from one account to others
Disadvantages of using this Application
- NO lot of customers due to problem with payment
- Some of their rules are strict due to different regulations.
- You might find yourself with your money locked for longer periods than expected to investigate and reopen your account
- Their verification takes much time than expected which can be very frustrating when you want to link your bank account with the App.
How to Use PayPal App
We have learnt how to use this application shopping online earlier, before you can use the application all you need do, just Sign-Up for your personal or business account, that is we have two types of account that is
The Personal Account
The Business Account
- The Personal Account is only for online shopping, sending and receiving money to friends and relatives
- Business Account:- This is typically made for business transaction which allows up to 150 or more employee and to offer a very crucial benefits.
How to set-up PayPal Account
- Visit the website and click Sign-Up
- You will choose the account type either personal or business, then click continue
- Enter your name, email address, strong and unforgettable password, then continue
- You will see a drop down menu, it is optional here, just click the blue button which says (get started) where you need to add your credit card information, and click add card
- Your email need to be verified send to you from the site.
- After this your account need to be verified
How to verify Your Account
- Click the wallet Tab, then choose your verify card
- Click on the confirm card and small amount will be charge from your card
- Go to your credit card statement and put down the four digit sent to you
- You will have to click the wallet tab once again
- Select the card you want to verify
- Enter your four digit code and click confirm.
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