PayPal: Everything You Need to Know

Paypal. The necessity for various online payment methods grows as the e-commerce and online retail industries diversify.

PayPal is always aware of what’s going on. You might think about how to use PayPal. If you’re an online shopper or merchant, here’s how to link PayPal to your bank account. Because the process of registering with PayPal is the same throughout the Middle East and North Africa, as we described in earlier subjects, we’ve listed all of the processes below that may assist you in using PayPal.

PayPal Requirements:

PayPal is the largest service in the world to provide facilities for online transactions which means that a registered person can pay online with ease. Funds can be transferred directly to your PayPal account through your own bank account or linked via credit card (MasterCard, Visa)

PayPal is a secure method of online transactions. PayPal does not allow any important information to be shared between the sender or receiver.

Any can make a free PayPal account. Shoppers can register an individual account and sellers can open a business account according to their needs.

To learn how to create a Paypal account, see the following article.

Link credit card with PayPal

After successfully logging in to the account and activating the account via email, you need to link the credit card to the PayPal account so that you can buy things online, to do this follow the guide below:

First login to your PayPal account

Click on Wallet at the top of the list

Click the Link A Card box. PayPal gives options to link multiple cards.

Select a card type with details of Card Number, Card Expiry Date, CSC……..

Link Paypal to your SABB bank account

In order to take advantage of PayPal’s ability to send and receive money, you will need to connect a bank account to your account. To do this, sign in to your account and then follow these instructions.

1. Click on the “Wallet” option in the menu bar that extends at the top of the screen.
2. In the menu that runs on the left side of the screen, click on the “Link a bank account” option.
3. Enter the banking information for your SABB bank account that you wish to link to your PayPal account and click “Link Bank Account”.

Note that if you add a bank account, it will take 2-3 days for the process to complete, as PayPal will deposit small amounts into your account that you will have to enter via the PayPal website to confirm that you own the account.

One of the other banks that support PayPal is Bank Aljazira.

What currencies can be used on PayPal?

PayPal allows users to hold balances in 26 currencies, including majors. However. This may change soon.

PayPal also helps people and businesses accept payments in more than 100 different currencies and withdraw them from their PayPal account to their bank accounts in 57 different currencies.

What are the transaction fees

For a fee of $5, you can transfer money from your PayPal account to your Visa card.
There is no fee for withdrawals made to any bank account in the USA.
The standard rate for receiving payments for goods and services for monthly transactions of up to $3,000 is 4.9 percent plus a fee of $0.30 per transaction.
If you receive more than $3,000 per month, you can apply for PayPal’s merchant rate – which can be around 3.9 percent (based on the previous month’s sales volume).