Talking of the best online P2P transfer apps, Paypal is one of the best money transfer apps in the world and is considered the most worldwide online bank. Many people around the whole world are looking for a way to have a paypal account to their name.
In the whole world, there are many countries that use paypal for online payments and they send and receive cash meanwhile in other countries, they'll just receive without sending. In some countries, paypal is not supported meanwhile it is supported in others.
Paypal Cameroon still has limited functionalities, and if you don't have any bank account linked to your Paypal account while in Cameroon, funding your account is practically impossible. With your debit/credit card attached, Paypal only serves as a middleman.
If you have ever wondered whether Paypal is available in Cameroon, we will show you in this article that Paypal is valid in Cameroon. This was possible in 2011 when the Paypal company extended their services to Cameroon making sure that Cameroonians can join the Paypal company. After reading this article and applying everything in it, then you should be the owner of a Paypal Account in Cameroon.
What is PayPal?
PayPal is an online payment system that provides a quick and easy method or way to pay, send and request money online world wide. PayPal is the most known and effective payment system used by many merchants in their online boutiques.
With PayPal, you can transfer money online to anyone, friends, family online shops, auction sites or online marketing sites such as eBay.
Pros and Cons of Using Paypal
Checkout these advantages(pros) and disadvantages(cons) of using paypal
Pros of Using Paypal
- PayPal is easy to use – it's very a straightforward way to send money to friends and family.
- Paying with PayPal gives you an extra level of security and fraud prevention.
- PayPal encrypts your bank or credit card information, keeping that information safe.
- No fees for sending money to friends and family.
Cons of Using Paypal
- There are hefty fees for chargebacks. One of the platforms with the highest charges
- You are limited in terms of use and are subject to account suspension at any time which can result in frozen funds for months.
- There are a number of people who refuse to use PayPal, which may result in lost business.
READ ALSO: How to Create a Verified Paypal in Cameroon to Receive Money
How to create a verified Paypal account in Cameroon
You will just have to follow the following points step by step:
1. Go to Paypal Cameroon and sign up for a new account
- Go to the link Paypal Cameroon to sign up
When you click on the link, it will bring you to this page. After filling your Mobile phone number, it will take you to another page where u will just need to give a verification code that is sent to you via the number you just wrote.
Note that the verification is for the Paypal company to be sure that the account is created by you because others can use a different person's number to just to steal.
Enter your necessary information as it is demanded on the next page. That will include your first and last name, your email address, and you will have to suggest a strong password for your account that you can remember. as shown below
Enter your next information as shown below after clicking next from the previous step. These steps include your address.
And don't forget to read the privacy agreement and after reading it you confirm to it. These policies are important to guide you on how to continue with the account in the future.
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That's it with your account. You then have your account but your account won't work in Cameroon if you just end there.
Enter Credit card or debit card details
You will then see a form for you to add credit card or debit card details. This process will link your Paypal account to your credit/debit card. Linking them will help to transfer funds from either your Paypal account to your debit/credit card; or from your credit/debit card to your Paypal account.
Is Paypal to be trusted?
Paypal as a matter of fact is one of the most trusted online platforms for online transactions. Paypal that is used by most people to deal with their monthly subscriptions like Netflix, Spotify, and many others, has been a very important tool for many people. Below, are some of the pros and cons of using a Paypal account.
How to add virtual credit card address to Paypal
Once you've added this address, go back to your dashboard and link your virtual credit card to your account. There shouldn't be any error experienced anymore.
But you are not done yet, your PayPal account is still limited for sending and receiving money till you verify that credit card you added.
Verification of account
PayPal cuts $1 for verification from the credit card and returns it in 3 to 5 business days to the credit card.
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Why does PayPal does this?
PayPal does this to make sure this credit card you added is able to send and receive money. So it's just a way of verifying the credit card legitimacy. This verification will help you in the future to avoid any problems witnessed in sending and receiving money online.
Once PayPal deducts that money from your credit card, your account limits are taken off and you can send and receive money as you wish with your brand new PayPal account.
You just got a verified PayPal account for any online transaction.
Note: The money in this credit card can be used with PayPal equally without any issues.
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