4 Steps To Activate Your PayPal Business Account

Feb 04 2020 | PayPal editorial staff

All the steps you need to know about Business Account activation.
Now that you’re done signing up for your PayPal Business Account, you just need to activate your account in India to start receiving payments from your customers. Read on for a guide to the 4 steps to activate your business account.



Step 1: Confirm Your Email Address 

After you’ve signed up for an account, you’ll receive an email in your inbox. Click on the email to confirm that we have your correct email address.  

Step 2: Verify Your Identity 

You’ll need to complete a KYC Procedure to verify your identity and protect your account from risks like identity theft, money laundering and financial fraud. If you’re planning to only sell internationally, your KYC Procedure is a lot easier. If you’re planning to sell domestically or both internationally and domestically, your KYC Procedure will require list of documents depending on the type of business you currently operate.


Step 3: Add A Bank Account 

To receive payments from your PayPal Business Account, you’ll need to link your PayPal Business account with a valid bank accountAll you need to do is provide bank details like your Bank Name, IFSC Code and make sure the name you submit corresponds with the name on your PAN Card.  



Step 4: Verify Your Bank Account 

Once you’ve added your bank account, 2 deposits will be made into your bank account. You need to verify your bank account by logging in to your PayPal Business Account, enter the amounts deposited in your bank account and clicking “Confirm”. Once that’s verified, you’re ready to do business and receive payments!  



 
The contents of this site are provided for informational purposes only. You should always obtain independent, professional accounting, financial, and legal advice before making any business decision.

Frequently asked questions.

PayPal.Me is a faster, easier way to get paid through PayPal. Just share your unique PayPal.Me link with your customers. They can simply tap on your link, type in the amount and confirm to pay. They don’t even have to know your email address or install the PayPal app! Your customers can also enjoy the benefit of PayPal Buyer Protection for their eligible transactions.

How do I create my own PayPal.Me link?
Create your link here for free using your name or your business name (for example: paypal.me/johnsmith). If you don't have a PayPal account yet, signup is fast and free.

How do I share my PayPal.Me link?
You can type your PayPal.Me link in your preferred social media site/app, or send it through email or text message. To find your link, simply go to PayPal.Me page and click My PayPal.Me to log in.

Can I use PayPal.Me on my mobile device?
Of course. You can access your PayPal.Me link on mobile phones, desktop computers, and tablets.

Need more information?
How do I set up my PayPal.Me link?
How do I get paid with PayPal.Me?
How do I make a payment using PayPal.Me?
How do I manage my PayPal.Me link?
How secure is PayPal.Me?
You can add a debit or credit card, and send payments for your purchases to the recipient's email address or via PayPal.Me. (Note: Personal payments to friends and family isn't supported in your PayPal India account.)


Pay using recipient's email address
  1. Go to Send payments.
  2. Click Pay for goods or services.
  3. Enter the recipient's email address, and click Next.
  4. Enter the amount you want to send, select the currency, and add a message to your recipient (optional).
  5. Select your shipping address, and click Continue.
  6. Review your payment information and click Send Payments Now.
On the payment page, your payment will be set in the default currency of your recipient’s country or region. If you have an agreement with the recipient, you’re able to change it to other currency. 

After the payment is sent, your recipient will receive a notification email. If they don’t have a PayPal account, they can follow the instructions in the email to sign up for an account and accept your payment.


Pay with PayPal.Me

You can also try PayPal.Me, our new, hassle-free way to pay and get paid. If the person you're paying has a PayPal.Me link, they can share the link with you and let you pay them easily through PayPal. Learn more about how PayPal.Me works.


Useful tip: Preferred way to pay

You can select a debit or credit card as your preferred funding source, and we'll use it when you shop online or send a payment for goods or services.

To set your preference:

  1. Go to Money.
  2. Click Payment preferences.
  3. Select your preferred card, and click Confirm.
Watch this video to see how to shop online and check out with your PayPal account.

 

Add a card

Here's how to link a card to your PayPal account:

  1. Click Money on the top of the page.
  2. Click Link a new card.
  3. Follow the instructions.

Verified users can add up to 24 cards. However, each credit card or prepaid card can only be registered to one PayPal account at a time.

Update a card

Here's how to update your card information:

  1. Click Money on the top of the page.
  2. Click the card you want to update.
  3. Click Update card.
  4. Enter the new information, and click Update Card.

Remove a card

Here's how to remove a card from your PayPal account:

  1. Click Money on the top of the page.
  2. Click the card you want to update.
  3. Click Remove card.
  4. Click Remove This Card.

Note: each time you add a card or update the information, the equivalent of $1.00 USD is blocked on the card in order to verify the validity. This is not an actual charge and the amount will be released after a short time. If, after 30 days, you still see this item, please contact your card issuer.

All U.S. payment processors, including PayPal, are required by the U.S. Internal Revenue Service (IRS) to provide information to the IRS regarding account holders who receive payments for the sale of goods or services.

In order for PayPal to satisfy its information reporting obligations under IRS rules and regulations, we require that PayPal account holders (globally) who approach the applicable thresholds ($20,000 USD and 200 transactions) set by the IRS verify their U.S. tax status either by completing a certificate of foreign status or providing a U.S. taxpayer identification number (TIN).

Providing your taxpayer status:

When applicable, you'll be notified by email and an alert notification to visit the "confirm your U.S. taxpayer status" dashboard and answer the questions to complete a certificate of foreign status. Here's how to provide your taxpayer status:
  1. When prompted, log in to your PayPal account.
  2. Click on the notifications icon.
  3. Follow the instructions provided.  

You should read and review the certification or form before signing it with either your electronic signature or written signature. False statements may lead to penalties under applicable law. If you have any questions or concerns regarding the form, please consult your tax advisor.

You can find more U.S. tax related information on the PayPal IRS tax website.
The contents of this site are provided for informational purposes only. The information in this article does not constitute legal, financial, IT, business or investment advice of any kind and is not a substitute for any professional advice. You should always obtain independent, professional accounting, financial, IT and legal advice before making any business decision.