What is Paypal?
The PayPal service enables users to perform financial transactions on the Internet, the transfer of funds, electronically, between individuals and companies. Using this service, users can send or receive payments for online auctions on sites such as eBay, buy or sell goods and services, donate money or receive donations. You can also transfer money from one PayPal account to another PayPal account without a commission. In short, the PayPal service is the most widespread online payment system.
How to open PayPal account?
In order to carry out transactions over PayPal (buy or sell at websites such is eBay, send or receive payments, donate money, etc.), you need to access the PayPal site: https://www.paypal.com/rs/webapps/mpp/personal, open an account and register to PayPal. To open a PayPal account you need a debit or credit card. The cards available for that purpose are all VISA and Mastercard cards of OTP bank.
After the registration, the card has to be verified, for which EUR 1,50 is reserved. By reserving EUR 1,50 on your account, you get a unique 4-digit PayPal code which must be entered in order to successfully perform the verification.
PayPal code which you have to enter can be seen on E-banking, in the overview of the allowances for the cards referring to PayPal account. The allowance for the concerned transaction will be on display immediately after the transaction and will be visible for the next 24 to 48 hours.
If you have activated SMS service for the control of transactions referring to the concerned card, your 4-digit PayPal code will be forwarded to you via an SMS message (example: 15.05.2013, 09:00, Visa: 4174….6833. Amount: EUR 1,50. Location: PP*1507CODE. Available EUR 20. OTP bank).
After successfully entering a four-digit code on PayPal, the reserved amount of EUR 1.50 will be refunded to your PayPal account.
Updating and Contact centre
On your PayPal profile you may change your data, additional cards, e-mail addresses, additional settings, review the account balance in EUR and USD, review the executed purchases, transactions and payments.
You ma get a PayPal code at the nearest branch of the Bank or by calling Contact centre on the phone number: 0800 23 23 22.