Q&A for How to Set Up a PayPal Account

All a person needs to send you money on PayPal is the e-mail account you used to open your account. When the person sends you money, you'll be notified by an e-mail and then you can log into your account and transfer the money to a bank account if you have it connected to your PayPal account.

Nothing is 100% safe, but PayPal has good protections in place, both as far as encryption and for fraud and helping buyers resolve disputes with shady sellers. In many cases it is safer to use PayPal rather than entering in your credit card directly, since each store you shop at is a potential risk and by using PayPal stores never see your actual credit card number.

As of right now, the answer is no. There used to be an option for a PayPal Student account which could be opened with the help of an adult, but this has been discontinued. This appears to be for legal reasons, since someone under 18 cannot legally enter into a contract. However, many banks allow minors to open accounts with the help of a parent or guardian.

Yes, PayPal should convert other currencies to the rate of the time you get it. It'll show up as dollars on your statement, however.

No, but if you don't, you can only receive money by check.

Yes, you can link any kind of bank account to your PayPal account.

Yes, you can. You won't be able to move funds from your bank account to your PayPal account, but you can load it with a debit card, credit card, PayPal gift card, or have other people send you money.

There should be a withdraw button on your PayPal account page. You then need to select the bank account to send it to and the amount you want sent.

If you have a bank account and can provide the account/routing number for that, yes.

Yes. You can just for browsing; however, it will ask you for a payment method if you try to buy something. It is safest to use PayPal.

Yes, anyone, anywhere can open a PayPal account. You'll just have to link it to an existing credit card, debit card, or bank account number.

Nothing, it's a free service. You just have to sign up and link your bank account, not for any fees, but to make payments with the service.

Give PayPal about a week. If you don't see the deposits after that, contact support.

1. Log in to your PayPal account. 2. Click the Profile link. 3. Click the Close Account link in the Account Information column. 4. Click the Continue button. 5. Click the Close Account button.

They need your address to verify your identity. It's just a security measure.

PayPal has multiple ways to contact them. For situations such as this, calling them to figure out how to open a new account with the same email would be your best way to resolve this.

If you're giving a third party access to your PayPal account, you cannot limit what they do and do not have access to within the account.

Yes, it should be possible, as long as you have your routing and account numbers. However, transfers and initial setup might take longer.

No, you don't have to do anything.

You can't set up multiple accounts, but you can use different accounts by switching accounts for different reasons at any time.

You have to be 18 years old to open an account. If you're younger, ask your parents to help you open a PayPal Student Account.

You didn't explain when the last time was that you tried, but over the past few years, PayPal has grown exponentially and has a much better security system than in its earliest years. However, your concerns are best answered by PayPal itself, so it would be a good idea to send them an email, asking them how you can guard against anything like that from ever happening to your account again, and what their guarantee is now.

You cannot. You can only attach one email to one PayPal account.

Yes, you can have it linked without a credit card. You will be asked to supply the routing number of the bank and the checking account number during the set-up process.

It has to be an actual bank card, as PayPal uses your bank account to verify you.

No, that's not necessary. Any currency will work for a PayPal account, as long as it is a bank account that you own.

No, you'll have to move it to a linked bank account first.

No, the only way you'll ever have to pay fees is if you're selling or servicing someone else. PayPal will take a small percentage of the payment you receive.

No, there is no limit to how much you can send or receive. Send and receive money as you will.

Yes, you will need a valid bank account to make or receive payments.