It is the preferred online Payment Merchant, which is widely used with
so many web companies on the Internet to accept payment.
For me the most important reason why you should own a paypal account is
the fact that, over 60% of websites will accept paypal. I think it is cheap
thinking to resort to do business with the remaining 40% only. If you want to
derive maximum utility from the internet, you should not have yourself limited by your geographical location. Not even your nationality should be a snag. With this account you are in control of your own net business without begging other people to help you make online payments.
On the paypal home page, you will find the sign up area.
What you will need
NAME: First a first name and a surname. If you don't have a name please
get one. Email Address: Initially you can not open a paypal account with a
free email address. Thank God you no longer have to make that expense of getting a paid email address as they now accept any kind of email. So your regular Yahoo,hotmail or whatever email will do. Password: Think of a password. Note that your password should be alpha numeric i.e. Must comprise both alphabets and numbers. Else you'll get hacked so soon.
Address: Now this is the one most important area as far as signing up
for a paypal account is concerned. You will have to get a foreign address. So
if you have a relative abroad, ask them whether you can use theirs. If not get
any address as long as you do not get involved in fraudulent activities. I
recommend a US address as you can never tell which country paypal is going to ban next. All I know is that it is definitely not US. For the simple reason that you can't get your self banned no matter how much fraud you are involved in.
This address will serve as your billing information. So it must have
the name of the street, zip code, and phone number.
Phone: You can use any phone number of the country you intent to use as
your country of residence. The only snag here is that, paypal may just call
one day and find out that you are not the same person. With that your account
gets banned. This usually happens if you are involved in transaction of
large sums of money. However this occurs in very rare cases. For example, for four years now I have never received a call from paypal. But if you are worried and want to be on the safe side, you can get a skype phone number for that country and use that. You will receive the call here in Nigeria if paypal ever decides to call you.Interestingly, skype now accepts e-gold.
