When you first create your PayPal account for your business, there are steps to take to authenticate your account. It’s key to know the verification status of your PayPal account before moving forward with transactions.
This Verify Process Guide will walk you through the steps to take to insure that your PayPal business account is up and running before you begin accepting payment methods.
We’ll also teach you how to authenticate paypal accounts that you do business with by showing you verification methods that will strengthen your online payment system.
Why you need a PayPal Business Account
There are a few reasons why you might need a PayPal business account, including:
– You’re an international seller who wants to accept credit card payments from customers.
– Your small business has grown and you need a payment processor that can handle your monthly volume.
– You’re using mobile applications but want the security of payment processing through PayPal’s mobile app.
– You’re looking for alternatives to signing up for merchant accounts with banks or sales tax solutions.
How to sign up for one (steps)
1. Go to the PayPal website
2. Click “Sign Up”
3. Fill in your personal details, including name, email address, and password
4. Enter your bank account information or provide a co-signer’s information if you are unable to do so yourself
5. Verify your identity with PayPal by providing copies of personal identification documents such as a passport or driver’s license and filling out forms for an address check and phone number verification process (this can take up to two weeks)
6. Sign back into your account on the PayPal website after completing the verification process to confirm that it was successful!
Benefits of the account
The benefits of a PayPal business account mainly fall into two categories: resources available to the account holder and security.
Resources for Account Holders
As an account holder, you’ll be able to enjoy access to your funds immediately after each transaction is processed. With this type of account, you’ll also be afforded some protection from fraud.
Security Features
Given that PayPal is owned by eBay, it has had plenty of changes in how it handles fraud over time. You can expect to find things like pay with purchase protection and enhanced buyer authentication. There are also limits on unauthorized purchases and chargebacks within certain limits, as well as resolving disputes through arbitration instead of court proceedings.
Conclusion
PayPal is a way to send and receive money online. It’s also becoming more popular with small businesses as their payment processor of choice. However, there are many different hoops that small business owners have to jump through in order to properly set up their accounts. One of those hurdles is verification of the account. This article will show you how to verify your PayPal account without a bank account! The benefits of this type include access to funds immediately after each transaction processed, protection from fraud, pay with purchase protection and enhanced buyer authentication among other things. If you’re looking for alternatives or wanting an extra layer of security when it comes down to signing up for merchant accounts with banks or sales tax solutions then this may be the perfect option for you!
