What is PayPal?

Updated: June 11, 2018

What is PayPal? It is an e-commerce business, which makes money transactions through the internet possible. It is an electronic alternative to traditional paper methods like cheques and money orders.

A person with a PayPal account can easily send to and receive money from anybody and anywhere in the world. It has a network of more than 190 countries and is available in multiple currencies.

If you’re planning to do online money transactions such as buying and selling stuff on eBay, then having a PayPal account will really help you in making payments fast and easy.

October 2006 marked the arrival of PayPal to Philippine shores. And a lot of Pinoys celebrated this news as more online financial opportunities opened up for us.

Currently, a PayPal account holder in the Philippines has full capability to send and receive payments, and multiple ways to withdraw their funds. There is now no reason for you to participate in the global trade.

How To Open A PayPal Account

1. Visit the PayPal website and Sign Up.

2. Select your country and language preference; locate Philippines in the drop down menu.

3. Choose a Personal Account, you can always upgrade later.

4. Fill in your personal information.

5. You will be asked to verify your account by adding a credit or debit card. Remember that an unverified account has limitations, so you would need to do this.

6. Log-in to your email account and open the PayPal email and click the confirmation link there.

7. That’s it! Congratulations, you are now a PayPal account holder.

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Photo credit: Laughing Squid

12 comments

  1. […] What are the products and services that the bank offers? Evaluate your short-term and long-term goals as well as your other financial requirements. Check if the bank has the products and services that you need or might need in the future. For example, if you’re planning to invest in the money market, it’s appropriate to ask them what investment products they can offer you. Or if you have an online store in eBay, inquire about their policies regarding online transactions. Recently, I went out and asked several bank managers about this, it’s unfortunate to discover that out of five, only two of them actually knew what Paypal is. […]

  2. There’s a local version of Paypal now. Have you heard of it? It’s a new service from Globe called Gcash Click. Here’s the link if you need more info: I haven’t tried it yet but I think it’s really great for those who are fond of buying expensive items online. It assures the safety of their money 🙂 Likewise, the seller also gets protection because the item is only shipped if the payment went through already.

  3. Is there any difference between the registered Paypal account abroad and the registered here locally? In this case, do I need a new account here? Please guide me for being left behind, just discovered your website!

  4. happy day i would like to register to Paypal but i can’t access, what if i use local ATM card is it possible? pls. help me to register thanks

  5. Is paypal abroad the same as paypal philippines?
    Help me how to confirm debit and credit cards still pending as of this time.

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