Posted on 15th Sep 2015 @ 10:45 PM
Using a PayPal account for international monetary transactions is always good. It ensures safe, secured and smooth transactions. It has a worldwide reputation for using an effective method of paying and receiving money online.
With the successful implementation of globalization, liberalization and privatization, selling and marketing products and services over the internet has increased significantly. As consequence of it, paying and receiving money online has been essential for people. To meet the need of international users, various service providers have come to the scene. PayPal easily stands out from the crowd. It has been getting an attention over the others.
Nowadays, a vast majority of international users have their own PayPal accounts. Keeping pace with the go of the day, the number of PayPal users has been growing gradually. Therefore, to keep the transaction method smooth, safe and secured, PayPal verify all accounts righteously. To do it perfectly, PayPal has started its own authentic verification methods. It helps PayPal to reduce fraudulent activities and ensure safe transaction. This method increases the safety and security of PayPal transactions. It applies a security check at the time of linking your PayPal account with a credit card or bank account. PayPal sends you two small amounts in two instalments. You are to fill these two amounts at the time of completing the verification method on PayPal. Once it is done, you are free to send and receive money through it.
Given below are the many benefits of PayPal account verification
You enjoy the power of sending unlimited funds from your PayPal account.
You get more funding options. This enables you to buy things directly from your savings account or credit card.
You are allowed to withdraw funds as much as you can. You can withdraw your funds from your PayPal account to your verified bank account.
It increases security and credibility of transaction. Side by side, it let other people know that you are an authenticated member of the community.
Both the buyers and sellers get confidence in dealing. They can check each other to be sure whether the account is a verified account.
Side by side, if any problem and misunderstanding arises, both of them can settle the matter with the aid of PayPal.
These are the significant benefits of verifying PayPal account.
How go get verified
If you are an US citizen, you just need to add a bank account to your PayPal account. After that, you have to complete bank funding and validate other account related information. If you are a business or a premier account holder, you need to furnish merchant information.
There are two types of verification methods
One is for the back account. In case of a bank account, you are to verify two small amounts deposited to you by PayPal. The amount may be 1 to 50 cent.
For credit card verification, Paypal will charge you a small amount. It will be deducted from your credit card.
If you are looking to spread your business out of your own country, you can start digital or internet marketing. As the safe and easy way of monetary transaction, you can definitely choose PayPal.