PayPal Merchant Account Requirements -- 5 Star Processing
If you're looking to start a business and
accept payments online, then you should consider using PayPal as your payment
processor. The company has been around for more than 20 years and has found
success by focusing on simplicity and ease of use. There are some restrictions
when it comes to using PayPal as an online merchant, but if you follow the
guidelines below then your business will be able to accept credit card payments
without any problems:
How to open and run a PayPal business or premier account
·
Open
a business or premier account.
·
Provide
your company's name, address, and bank account information.
·
Provide
your personal information, including a government-issued ID and a phone number.
· Provide your
business name (if applicable).
How to link your bank account or credit card with PayPal
To link your bank account or credit card to
PayPal, follow these steps:
·
Log
into your PayPal account and click on 'Account.'
· Click on 'Link this
Bank Account' in the bottom right corner of your screen (it should be at least
partially visible). This will display a list of all accounts linked to this
particular PayPal account. Select the one you want to link and click
'Continue.' You may need to enter some personal information to verify that it's
actually yours (such as an email address) before proceeding further if it
wasn't already populated when setting up payments with PayPal in the first
place!
How to confirm your email address, phone number, and other
details on your PayPal account
To confirm your email address, phone number
and other details on your PayPal merchant account:
·
Go
to "Settings" in the top-right corner of your screen and click on
"Account Information" in the dropdown menu
· Check that you are
entering correct information for each field as shown below:
To run a business you will have to meet certain requirements.
To run a business you will have to meet
certain requirements.
·
The
first is that you must have an active PayPal account, which means that at least
one transaction has been completed through this service. This can be done by
creating an account and making at least one payment request via the website or
mobile app.
· You must also link
your bank account or credit card with PayPal in order for them to recognize it
as yours when placing orders on their platform; otherwise these transactions
will not be processed by them (and vice versa). This process takes place
through linking all relevant details in just two steps: verifying your email
address and phone number on their website; then confirming those details before
proceeding further into other aspects of setting up an account such as
confirming what type of business entity (corporation vs. sole proprietorship)
or country location where this entity operates out of so they know exactly how
much money exists within its coffers before starting any transactions offsite
using those funds themselves instead).
Conclusion
We hope that this article has helped you
learn about the PayPal Merchant Account Requirements to run a business with PayPal. If you have
questions or want to know more, please contact us at +1 888-253-9692.
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