4 Easy and safe ways to top up your PayPal balance

PayPal is often used for online shopping on global marketplaces, such as Amazon and eBay. As a virtual account, PayPal offers many conveniences. Even so, many have not often heard of this one service. Let's understand what PayPal is, how to create an account, top up balances, and take money.

PayPal can be said as one of the most famous digital payment services in the world, proven by 400 million active users who use this service. PayPal is even more superior to postal money orders which usually take quite a long time in each transaction.

What is PayPal?

PayPal is a company that provides money transfer services via electronic messages, taking over the old methods that still use paper, such as checks and postal money orders. This financial services industry is based in California, United States.

PayPal was founded in 1998 under the name Confinity. A year later, the company merged with Elon Musk's X.com and the company's name changed to PayPal. In 2002, PayPal was annexed by eBay.

PayPal is considered as one of the pioneers in digital payment systems. As a virtual account, PayPal can be used for various transactions, such as buying products and receiving funds from people who have PayPal accounts, local bank accounts, or credit cards.

Use PayPal

Many benefits can be obtained when you use PayPal. Not only makes online shopping easier on the global marketplace, you can also receive shipments from abroad quickly and instantly. Here are some of the benefits or benefits of PayPal:

Alternative payment for those of you who don't have a bank account

Can shop online comfortably without being limited by area let alone country

Able to accept credit card payments without having to apply to a local bank

To send money to friends, family, or relatives who live in different regions or countries

Flexible because it can receive funds from bank accounts, credit cards, or debits

Able to receive money in the form of foreign currency, then disbursed into rupiah.

Terms of Create PayPal Account

After knowing what PayPal is and a series of uses that can make it easier for you, please prepare the following conditions for creating a PayPal account. The process of creating a PayPal account is easy and fast as long as you meet the following conditions:

Individual Data, such as name and address

Active email account and cellphone number

Local bank account number

Debit card or credit card (optional).

Method of Create PayPal Account

If you have prepared some of the conditions above, it's time to explore how to create a PayPal account easily and quickly. There are at least 3 methods that you can try, namely to create a PayPal account for individuals, businesses, and without a credit card. Here are the steps you must take:

1. Method of Create a Personal PayPal Account

PayPal individuals allow you to make online purchases from millions of sellers in the global marketplace. Not only that, you can also send and receive money from all over the world. Here's the method for creating an individual PayPal account:

Open the PayPal web on paypal. com/id/ and click "Current Notes". You can also create a PayPal account by downloading the app on the Play Store or App Store

Select an account or individual account for individual use, then click "Next"

Select the account owner status (online buyer, seller / freelancer, both, or don't believe it), then click "Next"

Fill in the active cellphone number and click "Next". Wait for the OTP code and fill it in the column provided

Complete your personal information in the form of an email address to a complete address. After that, click "Agree and Create Account"

Verify via the link sent via email

You can add a debit or credit card as a transaction tool.

2. Method of Create a PayPal Business Account

Apart from individual accounts, you can also create a business PayPal account. This type of account can allow you to send and receive payments based on your business name, can monitor online fraud, and find seller protection. Here's the method for creating a business PayPal account:

Visit paypal. com/ id/ and click "Current Record", then select a business account

You will be asked to fill in several options according to the registered business, including estimated sales in a month

After that, fill in your email and create a password

Complete your business data

When it is completely complete, go through the verification by clicking the link sent via email

You can add a debit or debit card at the end for online transactions using PayPal.

3. Method of Create PayPal Account Without Credit Card

Don't be afraid if you don't have a credit card, there is a method to create a PayPal account without a credit card. This method can be tried after completing all the PayPal account registration processes. Here are the steps:

When prompted to enter credit card details, you can skip this process by selecting the "I'll do this later" option.

Don't forget to verify your email and mobile number to activate your PayPal account

For now, only Indosat, 3, and Smartfren numbers can be used for verification

The PayPal account is finally created and you can use it.

PayPal Balance Buy Method

1. Buy PayPal Balance via Credit Card

There are many method options saldo paypal, the beginning is by using a credit card. This method is a very easy one because you only need to connect a credit card to your PayPal account. Later, the balance will be automatically filled according to what is on your credit card.

2. Buy PayPal Balance via Site

Go to PayPal website and log in

Make sure you have entered your bank account into your PayPal account. If not, please click "Money" or "Wallet"

When you have entered a bank account, click "Money Transfer"

Select "Got It" to continue

Click "Add money to your balance" to top up your PayPal balance, enter the amount of money

After that, select "Add Personal" and the balance will be credited to your PayPal account within 3-5 working days.

3. Buy PayPal Balance via HP

Install the PayPal app on your phone

After that, open the app and log in

Click "Your Balance", then select "Add Money"

If requested to upgrade from the bank, click on the desired bank account name to make the transfer

Enter the balance amount, then click "Next"

Click "Add to Your Balance" and wait for your PayPal balance to be filled in 3-5 working days.

Method of Using PayPal

You can use PayPal for online shopping in global marketplaces or make transfers to other accounts. Here are the steps that you must understand if you want to use PayPal:

1. Method of Using PayPal for Online Shopping

Visit the global marketplace where you shop online

Select objects and go through the check out process

Next, select the payment menu with the "Pay with PayPal" procedure

Enter your PayPal account and confirm payment via email

Payment is successful and wait for the next news regarding the delivery process.

2. Method of Using PayPal for Transfer

Open the PayPal website or app and log in

Make sure your PayPal account balance is sufficient to make the transfer

Click "Money Transfer" and enter the nominal amount of money you want to transfer

Enter the name of the PayPal account or other account number that is intended

When it is correct, click "Send".

Methods of Withdrawing Money on PayPal

For those of you who have an abundant PayPal balance after finding a shipment from outside the country and vowing to cash it out into rupiah, there is a method that can be tried easily and quickly. Here's the method of withdrawing money on PayPal:

Enter the source of funds and your local Indonesian bank for disbursement

After that, click the arrow icon in the column and select "Continue"

Specify the amount you want to search for, then click "Continue"

You will be shown to the verification page, make sure all the information is correct before clicking the "Withdraw" menu

When it has ended, a notification will appear and PayPal will send an email of the delivery process data

Usually money will enter your bank account for 1-2 working days, please check the balance periodically

Once logged in, you can withdraw the money from your bank account and use it.

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PayPal Advantages and Disadvantages

1. Advantages of PayPal

Can be accessed easily via the PayPal application or official website

Facilitate online shopping in global marketplaces. There is also a refund system if your ordered item doesn't arrive

Often provide attractive discounts for purchases at several brands or e-commerce that work with PayPal, such as Nike, HP, Wal-Mart, and many more

The data and account data of buyers or sellers are ensured to be safe

Transfers to other PayPal accounts or to individual bank accounts in different countries only take less than 24 hours

The administrative fee per transaction is relatively cheap. Moreover, for sending money between PayPal accounts, there is no administrative fee.

2. Disadvantages of PayPal

Transactions from PayPal to non-PayPal accounts will be subject to an administrative fee of close to 3 percent of the transaction amount plus 0.3 US dollars

PayPal does not yet serve transactions with some significant currencies, such as the Indian Rupee

The ease of transactions using PayPal is vulnerable to being misused in fraud or other criminal acts

A PayPal account has the potential to be frozen if there are signs of abuse. If that happens, the account freeze can take a long time, let alone months.

Well, that's a complete description of PayPal. After recognizing the benefits of PayPal as a virtual account that can make it easier for you to shop online in the marketplace, please create an account according to your needs. You can choose whether to create an individual or business account that has different advantages.

For those of you who don't have a credit card, don't be afraid because there is a method to create a PayPal account without a credit card. Not only that, don't forget to top up your balance if you want to use PayPal for online shopping or money transfers. You can also easily withdraw money if you find shipments from abroad via PayPal. Hopefully useful!

Last updated 1 year ago