PayPal Wallet | Digital Wallets, Money Management, and More
Online payment is one of the common things for people nowadays. Earlier it was hard to suppose even that one could pay a bill from their comfort zone without visiting shops. If you are also a regular online payment user and looking for a reliable platform that can help you to pay and receive internationally without any extra charges at your fingertips, you are in the right place.
Here we are discussing a platform called PayPal Wallet which is popular to offer a wide range of services to their users.
The wallet came into the race in 1999. The earlier company was known as Confinity which was founded in 1998. PayPal is a digital payment wallet app that allows its users to manage their money in a single place. With the help of a PayPal wallet, one can easily pay and receive money at their fingertips. The wallet gained popularity overnight due to its user-friendly interface and unique features such as it offers its basic service free without any charges. The following article will discuss different aspects of this payment app. So stay around to learn more about a reliable online payment wallet.
How to Download PayPal Wallet?
PayPal offers one of the best services to send and receive money at your fingertips. If you are looking to download PayPal but are facing issues, we have briefly discussed the step-by-step guide below.
Head to the Google Play Store first.
Once you reach it, search for the “PayPal” app in the search bar.
Select the official PayPal app.
Lastly, click on the “Install” button and wait for a few moments to complete the installation.
Once the installation is complete you are all set to use your PayPal wallet to pay online.
Note – PayPal app is also available for iPhone users, one can download the app from the Apple store.
Steps to setting up your PayPal Wallet
PayPal online payment offers a straightforward way to set up your account once you download the application on your device. Follow the steps mentioned below.
Head to the official website or open your PayPal app.
Choose the “Sign up for free” tab.
After choosing your account type click on the “Next” tab.
Now create your login details.
Provide information about yourself such as your address, country, date of birth, and all.
After providing details, link your credit card or debit card with your PayPal account.
Verify your email ID that you have provided.
In the next, verify your phone number.
Once you verified your phone number, click on the “Sign up” tab.
This is how you can easily set up your PayPal crypto wallet account by following the above steps.
How to Send Money from PayPal Wallet?
If you are new to the online payment world and looking for a way to send money by using the PayPal platform, follow the steps mentioned below.
First, open your PayPal application.
After login, select the “payment” option to pay.
Now enter the recipient's name, PayPal username, email ID, or mobile number and click on the “Next” button.
Enter the amount you wish to transfer and select a currency. You can add notes also.
In the next steps, once review your details and click on the “Send” tab.
This is how you can easily send or pay your bills at your fingertips by following the above steps.
Is the PayPal Platform Secure?
PayPal is popular as one of the safest ways to send and receive money online. The PayPal platform has a dedicated security team that monitors everything 24/7 round the clock to prevent theft or phishing. Which offers one of the safest environments for their users. Apart from this, the user's money is stored in the pool that is separated from the company's account, so users' money is never used for company expenses.
In addition, all PayPal wallet transactions and users' data are secured with state-of-the-art encryption and security measures. Also, the company uses the latest anti-fraud technology to make sure that you are transactions are safe and you protected against the unauthorized payment sent from your accounts. All these unique features make PayPal one of reliable and trustworthy wallets among users.
The benefit of Using PayPal Wallet
PayPal is a digital payment wallet that helps users to manage their money in one place. We have briefly discussed the benefits of using the PayPal Platform.
Security – The PayPal wallet encrypts users' bank and credit card data to keep it safe from potential online threats. Apart from this, it also uses the latest anti-fraud system to protect your account from unauthorized transactions.
Global Use – PayPal allows users to shop millions of online shops across more than 200 global markets. Which provides a huge benefit to every user who travels internationally.
Immediate processing – PayPal transaction process immediately makes the process easy and saves users time.
Convenience – PayPal offers one of the easy ways to sign up for your account download the app and send and receive money on the go.
These are some of the best benefits of using PayPal's online wallet platform.
Conclusion
PayPal wallet is a digital payment wallet that offers a simple interface for its users and allows them to understand the navigation process. The wallet offers its basic service without any cost to its users. Apart from this, the platform also offers credit for their users so that they can shop easily and pay.
In addition, PayPal uses strong security features to protect its user’s data from hackers. Moreover, it also has a dedicated support team that provides real-time service for its users. Overall PayPal could be an ideal choice who are looking to start their online payment journey.
Faqs
Is there a fee to send money with PayPal?
No, PayPal doesn’t charge any fee for sending money domestically to your family or friends. However, it takes a fee if you are sending money through your credit or debit card, you will have to pay 2.9% of the transaction fee.
How long do money transfers take?
PayPal takes 3 to 5 business days to transfer your money to your bank account. However, it may take up to 5 business due to weekends and holidays affecting the exact transfer time.
How to send money internationally by using PayPal?
Follow the steps mentioned below to send money internationally.
Open your PayPal account and select the Send tab.
Enter the recipient's name or email id.
Select the amount you want to send.
Confirm your payment type now.
Choose the currency.
Lastly, click on the send button.
How to activate a PayPal account?
To activate your PayPal account follow the steps mentioned below.
First, select your account type.
Now create your login details.
Provide your personal information and follow the prompt.
Linked your debit or credit card.
Verify your email address.
Lastly, verify your phone number to activate your account.
Why is my PayPal money sent but not received?
If you have sent a payment and still shows pending or unclaimed, it means the user has not received or accepted the payment yet. This could also happen if a payment is sent to an email address or phone number that is not registered with the verified PayPal account. In this case, you have the option to cancel the payment.
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