PayPal's payment services make it convenient for you to sell products from your website or purchase goods and services for your business online. PayPal offers a special account type for business owners that enables you to send invoices to customers and accept payments on your website. You don't need to supply your credit card number to sign up for a standard business account. PayPal, however, asks that you verify your business account by linking it with your bank account information.
Create Your Account
Go to the PayPal sign-up page (see Resources) and click "Get Started" in the PayPal for Business and Nonprofits bo lume.
Enter your name, phone number and physical address. Click "Agree and Continue" to create your account.
Go to your email inbox and look for an email from PayPal. Click the link in the email to return to the PayPal website and confirm your account.
Link Your Bank Account
Go to the PayPal website and enter your email address and password, then click "Log In."
Point to "Profile" at the top of the page, then click "Update Bank Account."
Select your account type, such as checking or savings. Enter your account number and nine-digit routing number in the appropriate fields. Account numbers are usually up to 17 digits long. Look for the routing number on the left side of a check from your bank. Find the account number printed on the right side of the check.
Click "Continue" to link the account to your PayPal account.
- If you later decide to add a credit card to your PayPal account, point to "Profile" and click "Update Card."
- You cannot use your PayPal account to make purchases until you add a bank account or credit card information. You can still accept payments without linking your bank account.