What is PayPal? PayPal account opening rules
What is PayPal account?
And, if you are a blogger or freelancer, then you have to use an "online payment system" for the purpose of receiving money from different types of online payments and clients.
Suppose you are a blogger and as a blogger you may have to make various online payments.
For example, buying and renewing hosting, buying and renewing a domain, buying a WordPress theme, etc.
Now, for these types of digital services, in most cases we have to pay some companies outside the country.
Now, we need a "world wide online payment system" to make these types of international payments easier.
And, PayPal is one such international payment system, which is used to send or receive payments internationally.
Many freelancers are able to receive money through this PayPal payment system, as opposed to doing various things for clients abroad.
As such, there are many more online payment systems like PayPal.
However, when it comes to sending or receiving money internationally, PayPal is the most popular and most widely used.
To transact money through PayPal, you first need to create a PayPal account.
JKO, you can create your own PayPal account and make money transactions online internationally.
As such, the rules for opening a PayPal account are very straightforward and completely free.
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So let's know in detail below about "PayPal key" (About PayPal in Bangla) and "Paypal account opening rules".
What is PayPal?
PayPal is an online website that you can use to easily receive or send payments.
And the entire payment process will be online.
Using this online payment system for your personal work or for your own business, you can make money transactions.
Moreover, PayPal is used especially for the purpose of sending money abroad or receiving money from outside the country.
In order to transact money through PayPal, you need to provide your bank account and bank debit card information.
After that, you can send money online from your bank account to any person, organization or company through PayPal.
Similarly, when someone sends money to your PayPal account, you can transfer the money to your bank account.
Here the email address of the person is used as the payment address.
This means that just like you are given an account number after opening a bank account, when you create a PayPal account, you have to give your own email address.
And, your email address provided when creating a PayPal account acts as your PayPal account number.
So, in a word about PayPal, "PayPal is an online sending and receiving money service that anyone can use".
The convenience of using the internet in daily life
Then I hope you understand "what is PayPal" or "PayPal".
Who is the founder of PayPal?
PayPal is an American company founded in 1998.
The founders of PayPal are Elon Musk, Peter Thiel, Max Levchin, Ken Howery, Luke Nosek, Yu Pan.
Why PayPal is used?
There is nothing to say about the use of PayPal.
Because, as I said before, PayPal is used to receive and send money internationally.
However, below I will mention some of the other reasons why PayPal is used in most cases.
It is possible to send money through an email address without any hassle.
In case of receiving money, you can only accept it with the email ID associated with your PayPal account.
With this, money is easily paid internationally.
Internationally, you can accept payment without any problem.
PayPal is a very secure way to transact money online.
There is an option to pay through PayPal as opposed to buying products from various online shopping websites outside the country.
You can add multiple bank accounts and debit cards to your PayPal account. So, in case of lending money, you can choose the bank as per your need. For this benefit, many people use PayPal.
You have to pay for other online payment services. However, we can use PayPal for free.
With the PayPal mobile app, it is possible to use it from your own mobile.
So friends, you may have found the answer to the question why PayPal is used.
Advantages and benefits of PayPal account
By looking at some of the uses of PayPal above, you may have understood what are the benefits of PayPal account.
You can send and receive money anywhere in the world through PayPal account.
PayPal is much more secure and reliable than other online payment services.
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