Need help for opening a Paypal account.

@MrGhost (550)
March 7, 2013 7:58am CST
Mylot pays by Paypal. So, I have to open a Paypal account to cash out from mylot. But I do not the exact procedure for opening a Paypal account. Would any one come forward to help me? I have heard that opening of a Paypal account needs a credit card. Is it really mandatory to have a credit card because I have no credit card but I have a debit card. Is it sufficient to serve my purpose? Last but not the least, do I need to have a sponsor to open the desired accout?
3 people like this
3 responses
• India
13 Mar 13
Well,my friend first of all,you need not have credit card.Opening paypal is way too easy.Paypal offers two types of account for individuals:premier and personal.The differences are pretty much explained in paypal site and is based on the verification and the way the account is used.For verifying paypal,paypal has provided the steps and set of documents/document for the respective countries.Most of the times, its just an verification document.In case you need to do transactions or transfer or receive money from account to paypal or vice versa, you need to provide the bank account details in paypal.You can provide debit card details as well.They would verify the accoutn details after which you can transact easily.Transferring money from account to paypal or vice versa or giving money to your friend is also free at this point of time in paypal.Rest of the things comes with charges and details are available in paypal.Paypal is safe and is all fine from security perspective.Best of all you can use paypal for all your online purchase and can make use of the card they provide for money withdrawal or shopping purposes.In these days of ecommerce, it comes very handy.Thanks!
1 person likes this
@mohkanari (1957)
• India
8 Mar 13
I am in India. Besides an e- mail id I had to submit my PAN Card number and home address to open a PayPal account. It was an unverified account and no PayPal transaction is possible for unverified accounts in India. To get a verified account I needed to submit my Bank account number with IFSC number of the bank and purpose code for my main transactions. It is selected as freelance works. Then PayPal send two small amounts to my Bank account and I needed to submit that 2 amounts in PayPal account verification part. It was all that needed. I got message from PayPal that my account is verified. So your nation is important in procedures to open PayPal account.
@DoctorDidi (7018)
• India
7 Mar 13
As far as I know a debit card is sufficient to serve your purpose and you do not need any sponsor to open the said account.