What is Paypal? | How to change your name on Paypal?

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How can PayPal benefit you? Would you like to learn more about it? What is the process for changing your name on PayPal? Discover everything you need to know about this popular online payment method in our comprehensive guide.

Introduction

PayPal is the world’s leading online payment service. With over a million merchants using its secure payment solutions, it has grown from humble beginnings to become a global e-commerce powerhouse. 

As of 2021, there will be over 426 million active users worldwide, making it one of the easiest ways to purchase goods and services online

What is Paypal and where can you use it?

You may be a business owner or someone who runs an e-commerce site and are considering accepting PayPal payments. 

PayPal is a global online payment system that was introduced in 1998 by Peter Thiel, Max Levchin, and Luke Nosek. Paypal allows you to make secure payments and accept payments instantly through e-commerce. The merchant as well as the customer are protected. There are several ways in which you can pay or receive payments: 

  • Bank transfers 
  • Credit cards 
  • Debit cards 
  • E-checks 
  • Gift cards 
  • PayPal balance 
  • Personal checks 
  • Wire transfers

How to change your name on Paypal?

It is necessary to contact PayPal customer service if you wish to change the name on your PayPal account. The verification of your account will require some form of identification. Customer service will be able to update your account with the new name you have provided once you have verified your identity.

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The following steps can be followed if you wish to change the name on your PayPal account:

Step: 1

Log in to your PayPal account.

Step: 2

Click on the “Settings” icon at the top of the page.

Step: 3

Click on “Personal Information” in the left-hand column.

Step: 4

Click on “Update” next to your name.

Step: 5

Enter your new name and click on “Save”.

You should now be able to see your new name on your PayPal account. For any questions or concerns, you can contact PayPal customer service.

How to set up Paypal and make a payment to a Paypal received account?

The process of setting up a PayPal account to receive payments is fairly straightforward if you already have a Paypal account.

  • Log into your Paypal account and click on the “Profile” tab. 
  • Now, click on the “My Money” tab and then on the “Update” link next to the “Pre-approved payments” section. 
  • Now you’ll be able to specify the types of payments you want to accept and set up your payment preferences.

Making a payment to a Paypal-received account is as easy as setting up your account to receive payments.

  • To send money, simply log into your PayPal account, click on the “Send Money” tab, and enter the recipient’s email address or telephone number.
  • Enter the amount you wish to send, select “Paypal balance” as your payment method, and click “Send Money”. You’re done!

 

How is Paypal different from other payment options?

A unique feature of PayPal is that it provides users with a secure means of sending and receiving money online. In contrast to other payment options, PayPal is not a bank and does not hold or manage the funds of its users. 

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PayPal acts as a middleman between users and banks, allowing users to securely send and receive funds without disclosing their bank account information. Moreover, PayPal is different from other payment options in that it offers a variety of features and services that other payment options do not, such as the ability to send invoices, create a PayPal balance, and withdraw funds to a bank account.

FAQ’s

Can you change your PayPal legal name?

The legal name of PayPal appears on your PayPal account. Changing your legal name requires contacting customer service.

To change your legal name, you will need to provide some documentation to verify your new name. After you have completed this step, customer service will be able to change your legal name on your PayPal account.

Please be aware that changing your legal name will also affect any bank accounts or credit cards that are linked to your PayPal account. Therefore, you must update your information with any other companies or financial institutions with which you do business.

Conclusion

The most common question we receive when dealing with Paypal is how to change your name. To explain how to change your name on PayPal, we have created a blog post. 

This blog post explains how to change your name on Paypal, the different methods, and the best times to do so. Hopefully, this blog post has been helpful and if you have any questions, please do not hesitate to contact us.