Steps to open a business PayPal account
One of the most important things to consider when starting or developing an existing business is your payment options. Your customers must be able to pay for the goods bought without any issue.
If your business doesn’t require the use of the internet or you run a meet and buy business you don’t need to worry much.
However, if you sell to many people on the internet (E-Commerce) then it is imperative to get a payment gateway.
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses or online retailers.
A payment gateway facilitates a payment transaction by the transfer of information between a website and the issuing bank.
You don’t need to worry about payment options when you have a payment gateway. It handles the payment and delivers the money to your wallet or your bank account. There are different types of payment gateways such as: PayPal, Payoneer, Paystack e.t.c
An image representation of a payment gateway
As you can see from the image the customer submits an order for a product on your online store, your website registers the order and transfers the payment details to your payment gateway which then processes it and sends it to the bank for approval, after the payment has been approved your payment gateway credits the seller and sends the buyer to the confirmation page.
How to open UAE PayPal account
The reason i’m using UAE PayPal as an example is because UAE unlike the US doesn’t have strict verification rules. So the account can be used from all over the world without need for further authentication except enabled.
The only details you will need is Your Email address, Name, billing address, passport number, phone number and common sense.
- Step 1: Visit the UAE PayPal link https://www.paypal.com/ae and click on Signup then you will see these two options to select your account type.
- Step 2 : Select the personal account or business depending on the type of account you want to create. For the purpose of this tutorial i am using a Personal account. Mind you after creating personal account you can easily upgrade it to a business account if you wish. It’s that easy.
- Step 3: Do make sure the country is shown as United Arab Emirates just like it’s in the picture below. After that fill in your details(Your First and last name, Your email and Your password).
- Step 4: When you continue to the next page it will show you as below. Fill in your date of birth, Select passport number and Add any Six digits numbers there, in the PO BOX area just put 18004 Fill in your city as shown below and select your state as Abu Dubai. You can use any phone number.
After that you can now complete your registration and verify your email through the confirmation link sent to you and you’re all done. The next thing is linking your Credit or Debit Card to verify your PayPal account.
How to link Credit or Debit Card to your UAE PayPal account
In order for your account not to be suspended and purchasing limits removed, you need to verify your account. It can easily be done by linking your debit or credit card and entering the verification code.
Just login your Newly created PayPal account: You can login from any Link even with PayPal.com no issues. Then select Wallet and click on Link Card. Put your card details and link your card.
After linking the Card, You will be redirected back to your Card page. Click on the Card you just Added and Select the option to Verify Card.
You Bank will send You a 4 digit verification Code: This might take up to 24 hours but once the code arrive you can then login your account and use the code to finish the verification process.
You will be charged $1.98 USD or so but after verification PayPal will refund you the money in 24 hours time.
I believe this article has solve the problem on how to open a PayPal account for your business. You can use the comment box for any other help related to this.