Today we are going to talk about how to set up a professional business PayPal account in Pakistan so you can start sending and receiving those transactions right away. Let’s talk PayPal. You have a lot of options for sending and receiving money. PayPal has been around for a long time, you guys. Back in the day when eBay was like the thing online, PayPal was there. This is you know, several years old and it’s one of the most reliable methods for sending and receiving payments. Now again, you have a lot of options out there. I have several that I use, PayPal is just one of them so let’s walk through how to set up a PayPal account. So here is what Im going to recommend to you. You’ve got another browser, Im going to recommend that you open up another window, have it just side by side with this one so that you can walk through the steps right with me, were going to show you A to Z, how it’s done. You need to have a few things for a PayPal account in Pakistan. You’ve got to have a bank account and its highly recommended that you have a credit card that you can attach to PayPal as well so that if you’re using your credit card you know, its do a preferred way to pay and people are taking paypal, you can actually have the to talk to each other so that you can use your credit card, maybe you get points or discounts or things like that with a credit card, you can actually set those two up so you can use your credit card if you know, maybe someone only accepts PayPal, you can still make that happen, okay. Here’s a couple other cool things about PayPal, PayPal will link directly to your bank account and if you repaying another person through PayPal, be it a business or a personal transfer, if you have the money come directly from your PayPal account and not using your debit or your credit card, you don’t have to pay any fees and they don’t have to pay any fees. Super cool.

How to Set up a Professional Business PayPal account in Pakistan

PayPal is also good for your business if you need to send invoices out to your client. Just remember and keep in mind that PayPal, just like any other merchant account, does take off a processing fee especially if there is credit cards involved so if your’e sending out an invoice to your customer, there may be a fee that PayPal takes off the top when that invoice gets paid so be aware of that when you are sending those invoices. If you are ever using Eventbrite, Eventbrite and we have a lots of videos put together for you on how to set up an Eventbrite, if you are doing events or anything like that, Eventbrite only uses PayPal as their main source of funding sending you money and for receiving money so if you are doing e-commerce of any kind, PayPal is going to be something you want to have in your back pocket, literally on a mobile device. PayPal here is a great tool to use but lets just talk about sending up a basic PayPal account, there is several ways to do it you know, you’ve got business, you got PayPal here, were just going to go with the basics today so you got that other window open, I hope so.

Right over here or maybe right over here. Okay, lets get this get this party started so in that other browser wherever you have it, maybe its up here, maybe its down here, wherever your favorite place is, go to paypal.com, okay. www.paypal.com. Lets go to my screen right here and check this out, alright. So if I go to paypal.com, Im going to see basically this right here, okay. So if I had an account already, I’m not sure why you’re watching this video if you already do because this is how to set up one. I’m going to click login. If you don’t, you’re in the right place because this is how to sign up for a PayPal account. Okay, sign up.

Now PayPal is really interesting because they only allow a single email address on a single account now and I don’t want you to be confused by that. This is what that means, a PayPal account can have multiple email addresses on that account so if you have an email address that you’re using for eBay, you can have on the same account as, maybe you have a different email address that use for Eventbrite, both of those email addresses can be put on the same account however, if you have an email address on one PayPal account in Pakistan, you can’t have that same email address on another PayPal account so one PayPal account can have several email addresses but only one email address can be on a single PayPal account, you can’t have multiple PayPal accounts with one email address so one PayPal account, several email addresses, the email address can only be assigned to one PayPal account. Is that making sense? Okay, good. Go with me back to my screen. PayPal is secure easy way to pay and get paid sign up free, love it, that’s what were doing. Okay, were going to go have a personal account right here. You can also set up a business account that means you can set up invoices to your customers you know, this personal account is just the basic one we are going to go with. Again, you can set up a business account well will show you that in just a minute. Okay, personal account. Next.

Let’s just go on over here, I’m going to put in my first name and my last name. Don’t use mine, use yours and then I’m going to put an email in here, let’s do our business email because my personal emails are all used up. Okay at gmail.com. I’m going to create a password and I have to have a special character and the passwords have to match, perfect. Again with your passwords, keep this very secure, remember that this password is going to be tied to all your financial information, to your banks, to your credit cards, to your PayPal accounts. You don’t want this password hackable, alright? So keep it password set aside just for the PayPal account that’s not duplicated anywhere else, alright. I’m not going to go ahead and say logged in to this computer, you can if you are on your home computer, you can stay logged in for a faster checkout, that’s totally cool and but I’m not going to do that on a on a public computer. Alright and lets fill in our address.

Now Im going to put in a junk or address cause you don’t get to know where I live and I’m okay with that so were going to do 123 Main Street in no name, Colorado, believe it or not that is a real city and not even sure what the zip code is there but let’s just put in one, alright and well put your mobile phone number in there, okay. Now it probably won’t take this one because it has a little sensor for Juncker phone numbers and this is a real PayPal at website but you are going to put your information in there, okay. Okay, like this, you have read and agree to the communication delivery policy, how many times do you check these things without reading them? Read this one, guys. It has your financial information, it has all of your bank and your credit cards attached to it, please take the time to click on these and read these policies through and through, okay. You are giving PayPal lots of permission here, you want to know exactly what you are signing up for, okay. Lt’s see if this lets me create an account with this information, guess what, it didn’t like that so because no name doesn’t match that zip code, let’s set up one that I know does. Let’s see if that works. Okay, perfect. Alright so once you’ve got your address and your phone number, everything filled in, it’s going to take you right to this page right here. You are in what’s next. Now you can send money and shop with ease with your new account you can you know, do that professionally or you can do that on a personal level.

They also have lines of credit on PayPal that you can sign up for, that’s great way to you know, use credit if you’d like. I don’t have that personally because I have different cards and things that I use with that so now we’ve got a personal account set up, let’s go back to the beginning and set up a business account so go to PayPal.com. If that’s something that you need rather than a personal account, let’s go back to PayPal.com and set up that business account. Alright now were back at PayPal.com, let’s look at setting up a professional account, it works much in the same way but there may be a couple of differences so Im going to go ahead and sign up right here and just click this little radio button business account and click Next. Okay, now this one is a monthly fee account, the payments Pro, there is a monthly fee, payment standard, that is free, Express Checkout, that’s free. So you can select which one of these you want to do. The only difference you can check out these check marks right here, okay, customize the checkout experience, that’s the main thing you are going to get with the pro account, okay. If you don’t worry about that, if you know, it’s not a concern for you then you can go ahead and select the standard one which is free you can accept all major credit and debit cards, you can accept payments, you can give customers a flexibility to pay overtime making payments if you like or you can do the Express Checkout. I would do the standard because you can accept credit cards with that, okay.

Again, you can learn, click any of these learn more to learn more about the specifics of the account, most of them you only need to worry about, this is accepting the standard payments for the free account, okay. Okay, select standard, were going to click on that, it’s going to take us to a brand new page, you are going to have to enter an email address. Now remember what we said before, this email address can’t be tied to any other PayPal accounts, alright. So if you have a personal account with this email address, you are going to have to get a new business email address for this account. Now I close down my other account so this should work. Okay, let’s put a password in so you can create your own password one that you know that you are going to remember and not duplicate anywhere else or there is a chrome plug-in that you can use right up, if you look over in this corner right here, this is a password generator so you can say, okay, what are the specifications that this website requires your passwords, check all these things, you can generate a password, boom.

Okay and chrome will do its job and remember it for you because there is no way Im going to remember that, okay. So you can do that or use a custom password that you would like to generation your own so when you start your business, tell us about your business. Okay, this is the first name of the primary business contact for this count, this is not your business name, okay. So well say Marianne, of course don’t put my name, put your name and legal business name. Now that’s me, identical to the name on the company Articles of Incorporation, do not use trading or a shorter version of your business name, you can register your business online. In the state of Utah, it only cost like 22 bucks to register your business as an official business entity, okay. Okay, well put in a six figure mastermind there. Alright, Im going to put my real business information in there, were going to go ahead and have that blurred out because you know, that’s real info that and you are going to using real info so lets go ahead and do that okay. Perfect. Alright, once you have all of your information put in there, please read the policies you are agreeing to. You are signing up fora free service, one of the biggest mistakes people make in social media or business that they will sign up for something free and they won’t know what they are signing up for so please, read these user agreements. I know it’s going to take a little bit of extra time but at least you’ll know and being formed in what you are doing.

After you’ve read them, please really read them. Click the check box and agree and create account. Okay, it’s going to ask a little bit about your business so were going to say our business you know, whatever your business is, partnership corporation and whatever it is business, category it just wants to know this for its demographics, well put education, this is some subcategory, well do business school, estimate your monthly sales, you can put whatever your average monthly sales are in here, well just pick one at random. Employer identification number. Now if you are a corporation, you are going to have an EIN number, an employer identification number. If you are a sole proprietorship, you can simply use your social security number so let’s walk through the sole of proprietorship again, it’s going to ask you to put a business category in there and a business subcategory in there and a business URL if applicable, okay. So put your website in there. Okay, so again, it’s going to ask for your social security number, your date of birth, your street address and everything and personal contact. Okay, awesome. Okay, awesome. Once you’ve filled in all of your information, you are right here, check this out, welcome to your PayPal business account. I feel all official, right. Okay so you are going to have, how do you want to process cards payment on your website, process all payments including debit and credit cards through PayPal or already process credit card payments add PayPal as another way to get paid.

I would just click the left one if that’s your situation, of course you can customize it. Okay, so this is your payment setup, how do you want PayPal to set up on a website? Option A, work with e-commerce solution that’s already integrated the PayPal or option B, add HTML buttons to your website yourself. It really depends on what website you are running. If you are running a blog or a website using Blue host or Wix, they will have something set up for you that you can integrate with PayPal.

If you are not using a platform that already integrates with PayPal, just use the HTML button, you can generate buttons as you need to sell products or classes or whatever you are needing to do, you can build a new button for each product and you can customize that absolutely. Okay, so well do option A. I already have one, you are going to have to connect all of that or you can click on option B to create buttons or you can compare options, okay. So that’s your payment setup. Your account set up, please confirm your email, make sure that’s done, you are going to go in and link your bank account, were not going to do that here, the PayPal will walk you right through that. Make your business name clear for customers or you can get the PayPal MasterCard you know, you can do any of those things. Basically you’ve got your PayPal set up, now you’ve got your summary running, you’ve got everything ready to receive, ready to send payments, all of your activity, reports, tools, all of that information is right up here for you but it is a very simple process to get your PayPal setup.

PayPal will walk you right through the process so you know get your PayPal setup, remember what you are going to need it for whether its business or personal and you’ll be good to go. So you got your PayPal account set up professionally for your business so get some rocking logos in there so you can start sending your invoices bringing in some major big bucks right.