in ,

FlopFlop TOPTOP

Where can I find the IBAN code for my PayPal account?

Payment between individuals, online pot, international money transfer... PayPal is a service specializing in payments on the internet, on mobile phones and in stores. In particular, it allows you to pay online without using your bank card number and therefore limits the risk of theft of your payment data. 💸💸

find paypal iban code
find paypal iban code

Millions of users around the world have chosen PayPal for a good reason: its simplicity. Pay with your email address and password faster than pulling out your wallet. In order to do their online payment, buy goods and benefit from the services of PayPal, users of this platform have always sought the IBAN code PayPal account. The answer is simple, the IBAN code does not exist. It has no IBAN code. 

Founded in 1998 in Palo Alto, California, PayPal has long been owned byeBay, one of the world's leading online marketplaces, before becoming independent in 2015. The service boasts more than 2021 million users worldwide by the start of 375. In France, in April 2021, it is approaching the milestone of 13 million active users.

Upon arriving on the market, PayPal quickly established itself on the web. It must also be said that at the time, many Internet users were reluctant to enter their banking information on sites. Now it attracts millions of users worldwide.

Is there an IBAN code for my paypal account?

More than 286 million users since its creation 20 years ago, This large number of Internet users with each use of paypal wonder where the IBAN code is? Indeed, there is no IBAN code on Paypal.

There is no IBAN code or account number for a PayPal account. the problem here is that you are confusing the bank account and the PayPal. However, PayPal is a secure electronic payment (purchase / sale) service, not a bank. So there is no iban or bic.

The services of paypal are numerous: a payment on a merchant site, the reimbursement of a friend, the creation of an online pot or the transfer of money in a foreign country.

What is PayPal?

The main service given by PayPal is online payment. It is indeed offered as means of payment by many e-commerce sites. PayPal is a reliable and secure payment method for making online purchases or transferring small amounts of money to friends or relatives. It thus offers an alternative to the direct use of the bank card, less convenient and more susceptible to fraud when used for remote payments.

Indeed, he is a trusted intermediary in the transaction. You no longer need to give the merchant your card numbers: you are redirected to the PayPal site which, after having authenticated you, takes care of the payment. Since June 2020, PayPal has offered its users to spread their payment over 4 instalments. A service that became free from April 14, 2021. Over time, PayPal has enriched its services and now covers many use cases.

What is PayPal?

PayPal offers a number of features to its users:

  • Online purchase: It allows you to pay for your purchases in simple clicks and without giving your credit card information for each online transaction. Paypal Purchase Protection is available for items not as described by the seller.
  • money transfer: it is possible to reimburse your loved ones or to make transfers in more than 130 countries, to their bank account or to a withdrawal point. The service also allows you to create an online kitty.
  • Accepting customer payments: If you sell on an online platform, you can offer PayPal payments in the traditional way or by generating your own link. You can receive your payments quickly thanks to your email address or your telephone number. You have the possibility to generate professional invoices from the mobile application.
  • For business: PayPal offers a dispute manager available from your account dashboard. It is possible to generate reports and analyzes from buyer data that will allow you to optimize your operations and improve your marketing strategy.

To read : CoinEx Exchange: Is it a good exchange platform? Reviews and all info & How to send money from Paysafecard to Paypal

IBAN number what is it used for?

The IBAN (International Bank Account Number) is thebank account identifier. Composed of several characters (numbers and letters), it makes it possible to secure international banking transactions. This code was created by theInternational Organization for Standardization (ISO) and European Committee for Banking Standards (ECBS).

LEBANON is the license plate of a bank account: it identifies it. It is a variety of alphanumeric signs including at least 14 characters, but can include up to 34. The length of the IBAN depends on the country. In France, IBAN codes have 27 characters. The first two characters represent the country of origin code. After that there is a 2-digit control key followed by the account number. Using this identifier, it is possible to detect a customer's bank account anywhere in the world.

The IBAN number is essential to make SEPA transfers or direct debits (Single Euro Payments Area). Indeed, the IBAN is amply sufficient provided that national operations are carried out or for so-called cross-border operations. This standard therefore makes it possible to reduce the number of codes and numbers for basic transfers, this comfort is a plus in everyday life.

the IBAN allows:

  • automate financial transactions,
  • facilitate and speed up payments,
  • to ensure the security of transactions,
  • to standardize international banking procedures.

To see >> Error code 0x80072f8f – 0x20000: How to resolve it effectively?

Register a bank account on my Paypal account

The PayPal account allows you to consolidate all your online payment methods into a single digital wallet. It's much easier, but also faster and safer. All you have to do is create an account on the PayPal site, then associate your bank card.

Sign into your account PayPal. Click on “Wallet”. Then, click on “Register a bank account”.

Paypal Website User Interface Register Bank Account

Enter your data, then click on “Validate and save”.

Steps Register a bank account with Paypal

Check your data and click on Add bank account. Finally, confirm your account.

PayPal pays two random amounts (from 0,01 to 0,99 euros) to your bank account within 2 to 3 business days.

Once you have collected amounts:

  1. Click on “Wallet”.
  2. Choose the bank account and click "Confirm".
  3. Enter the two amounts, then click "Send".

By registering your bank account with your PayPal account, you can make payments securely and simply with your email address and password. If you want to make a payment but don't have enough money in your PayPal balance, the transaction can be covered quickly and easily with your credit card or bank account.

Over the past few years, PayPal has laid the foundations needed to create a better online world for both sellers of products and/or services and consumers through its online payment tool.. To log in and successfully use your free PayPal account, check out this article: PayPal Login: What can I do if I can't login to my PayPal account?

To read also >> Where can I find the tenant code and other important codes for applying for housing assistance?

We hope this article has helped you learn more about the most used payment platform in the world.

[Total: 1 Mean: 2]

Written by Wejden O.

Journalist passionate about words and all areas. From a very young age, writing has been one of my passions. After a complete training in journalism, I practice the job of my dreams. I like the fact of being able to discover and put on beautiful projects. It makes me feel good.

Leave comments

Your email address will not be published. Required fields are marked with *

What do you think?

384 Points
Upvote Downvote