ProductPayPal
If you need a quick way to accept payments – with or without a website – we’ll walk through the process from start to finish. This is the first step-by-step guide in a series that will show you how to quickly open a PayPal Business account, add a payment button to your website, send invoices, and create your own shareable link. If you need help at any point, please call us at 844-720-4039.
The first step is opening a PayPal Business account and linking it to your bank account. It’s free to open an account; you only pay a low transaction fee when your customers pay you.1 View fees.
Opening a PayPal business account (total time: ~10 minutes)
You’ll need a few pieces of information handy to do this:
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Business name and address
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Employer Identification Number or Social Security Number, if you’re a sole proprietor
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Your date of birth and last 4 digits of your Social Security Number to confirm that you are who you say you are
Step-by-step instructions
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Visit PayPal.ca and click Sign Up.
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Select business account and click Next.
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Enter your email address and click Next.
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Now, create a login ID and Password and enter your business contact information.
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Make sure to read the user agreement, privacy policy, and electronic communications delivery policy. Then click Agree and Continue.
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Next, tell us about your business: Enter your employer ID number or if you’re a sole proprietor, enter your social security number.
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Then, enter your website address if you have one and click Continue.
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We’ll ask for some additional personal information that will be used to verify your identity.
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Once that’s done, we’ll send you an email to verify your information.
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Then your account is ready to use.
Watch how to open your account.
Linking your bank account (total time: ~5-10 minutes)
Once you’ve set up your PayPal Business account, the next step is linking a bank account where you can transfer your funds.
To quickly link your bank account, you’ll need the following pieces of information:
Step-by-step instructions for linking a bank account
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Log into your PayPal Business account.
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Click Money on the top of the page.
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Click Link a new bank.
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Select your bank or click Don't see your bank? at the bottom.
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Depending on the bank you select, you may have the option to link your bank instantly using your online banking login information.
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If the instant option isn't available, just enter your bank account details manually and click Agree and Link.
If you entered your bank account information manually in step 5 above, PayPal will make 2 small deposits into your bank account within 3 days.
Once you see the deposits in your bank account, the last step is confirming the deposits.
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Log into your PayPal Business account.
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Click Money on the top of the page.
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Click the bank account you want to confirm, and click Confirm.
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Enter the exact amounts of the 2 deposits made to your account. For example, if you receive two deposits of $.05 and $.15, enter .05 and .15 on the screen.
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Click Submit.
Watch how to link and confirm your bank account.
Once you’ve created an account and linked it to your bank, you’re ready to:
If we can help you with any of the above steps, please give us a call at 844-720-4039.
1 To be eligible for discounted credit card processing fees for registered charities, 501(c)(3) status must first be verified by PayPal. Learn more