When you are looking for making money online or making payments there are different options to do so but the most popular are a worldwide recognized platform to do so is Paypal and Payza so in this article we will discuss PayPal and Payza accounts and how to create accounts with them.
PayPal
PayPal is an American-based company operating worldwide which works as middlemen between two parties to make and receive payments. Over 203 million active accounts and presence in more than 38 countries PayPal has become a trusted source of transferring money. Below we can see some features of Paypal Account which make it so useful.
PayPal enables you to transfer money from your PayPal account to other members PayPal account.You can transfer your money from PayPal account to your bank account and bank account to PayPal account.You can transfer money just by entering registered email id of another member PayPal account.With your PayPal account, you can purchase products or make payments all across the globe No monthly fees charged to maintain a PayPal account.There is mo setup fees.There is no gateway fees.No fees for multiple eBay and merchant tools
How PayPal works
Being one of the easiest ways to transfer money PayPal is making a huge amount of money from this business. There are two ways by which PayPal is making money
The first way is by making interest on your amounts that is lying in your PayPal account. Having more than 203 million registered accounts if each member leaves about $2 in their account PayPal will earn a good amount of money.However, you will not earn any interest for keeping your money in your PayPal account.In a second way, PayPal charges some fee which is as follows
For online purchases making payment is free and for receiving payments 2.4%to 3.4% +$0.30 USDFor personal payments Free when you use your PayPal balance or 3.4% +$0.30 USD for credit card payments (either the sender or recipient can pay this fee).
How to create a PayPal account
Creating a PayPal account is easy and quick before proceeding let's check the requirements for creating a PayPal account
A valid and working email addressA bank account credit or debit card
To create a PayPal account just follow these simple steps
Visit the PayPal website and look for the signup optionClick the sign-up option and proceed.Enter your email address and create a PayPal password.Complete the form with your personal information and other detailsEnter your bank account detailsWhen prompted confirm your email address to verify your account.Link your credit or debit card
By these simple steps, you can easily create your PayPal account.
Payza
Payza is an another online platform to transfer funds online similar to PayPal. Payza previously known as alert pay was founded in 2004 having its headquarter in London With over 13 million members, Payza offers its services in 190 countries and in 25 different currencies. Payza provides you with a variety of options when transferring money online let's have a look at different services which pay offers.
Add and Withdraw Funds to your accountSecure Online PaymentsSend FundsRequest FundsLocal Payment OptionsMultiple CurrenciesCentralized ManagementShopping Cart Integration
Payza offers free account creation to its personal and business accounts you only have to pay when you use their services for latest charges on payza accounts please visit their website. To create account in Payza follow the following steps.
Visit the website and look for the signup pageClick the option and proceed.Select your region and countrySelect for personal and business accounts.Complete your profile detailsComplete the form with your personal information and other detailsEnter your account details
Conclusion
Both the websites offer almost the same features when it's come to making money from the internet you need a PayPal or pay accounts to provide your details in order to receive payments. However, from a security point of view, both of them are used worldwide and precautions have to kept to maintain the security of your account and just like you secure your banking details you should also take care when operating on these platforms.
