Why Every Online Shopper Needs a PayPal Account
Online shopping is one of the best things that digital age brought to everyone. It allows you to shop from anywhere in the world, anytime you want. All you need is an internet connection, a device, a credit card and you’re good to go. But did you know that it’s actually much better and safer to shop if you link your credit card to a PayPal account?
If you have never used a PayPal account and don’t really know what it’s for, this article will help you get to know its advantages and how can you make sure your personal details are always safe when you shop online.
What is a PayPal Account and Why do I Need It?
Firstly, a PayPal account is like an online fund management that safely stores your credit card details so you don’t need to give it to any other store to purchase their product. One of the reasons why I like PayPal is after purchasing an item and find a problem later, I can contact PayPal to help me cancel my payment. Although I need to prove that there was a mistake on the store’s part before they do what’s necessary.
If I used my credit card, I will need to call my bank, give them all the details needed, verify my identity and wait a couple of days before they figure out what they could do. Compare this to PayPal where everything is quickly handled with just a few clicks of the keyboard.
Using PayPal Account vs Credit Card when Online Shopping
As mentioned above, I no longer need to share my credit card details when buying online if I choose to pay via PayPal. Although many sites are now supporting PayPal payments, there are still some stores that don’t. So there will always be times when I have no choice but to use my credit card.
Using PayPal with a Debit Card
If you don’t have a credit card or prefer not to share its details anywhere online, you can also opt to use your debit card. If you want to be safe, you can use a cash card wherein you only reload it with the money you intend to use for online shopping. In this way, you don’t overspend and it wouldn’t matter if it is hacked because it has no fund when you’re not online shopping.
In the Philippines, banks that offer cash cards that I have tried are Unionbank EON followed by BPI and BDO. If you choose Unionbank EON, you will not be charged any fee if you transfer money. For BPI and BDO, you won’t just be charged but may take days or weeks for a successful transfer.
How to Create a PayPal Account and Link a Credit / Debit Card
To create a PayPal account, you only need an email address and the card you want to link it with. Keep in mind that your card must have the same name used in the PayPal for a successful linking. Once all this is ready, just go to PayPal.com and sign up for a new account.
When you’re asked for a credit or debit card, just type in the details of your card and use the following codes when asked for the bank code, according to PhilippineCities.com:
|PHILIPPINES BANKS||PAYPAL CODE|
|ALLIED BANKING CORP||10320013|
|ASIA UNITED BANK||11020011|
|BANGKO SENTRAL NG PILIPINAS||10030015|
|BANCO DE ORO (& EPCIB)||10530667|
|BANK OF COMMERCE||10440016|
|BANK OF THE PHIL ISLANDS (BPI)||10040018|
|CHINA BANKING CORP||10100013|
|CHINA TRUST COMML BANK||10690015|
|DEVT BANK OF THE PHILS||10590018|
|EAST WEST BANK||10620014|
|EXPORT & INDUSTRY BANK||10860010|
|LANDBANK OF THE PHILS||10350025|
|MAYBANK OF THE PHILS||10220016|
|PHIL BANK OF COMMUNICATION||10110016|
|PHIL TRUST COMPANY||10090039|
|PHIL NATIONAL BANK (PNB)||10080010|
|PHIL VETERANS BANK||10330016|
|SECURITY BANK & TRUST CO||10140015|
|STANDARD CHARTERED BANK||10050011|
|UNITED COCONUT PLANTERS BANK||10299995|
|UNION BANK OF THE PHILS||10419995|
|UNITED OVERSEAS BANK||10270189|
After that, PayPal will request for P100 to verify the authenticity of the card details submitted. Don’t worry as the money will go back to your PayPal account which you can use to shop online or put back into your bank account. For credit card holders, the deduction should appear in your billing statement with a code. PayPal will need this code to verify your card. Once verified, you can start using your credit card for online shopping.
Use PayPal to Pay for Your Airline Ticket, Hotel Bookings, Movie Tickets and A Lot More!
Aside from online shopping, you can also use your PayPal account to pay for your airline ticket, hotel bookings, or any other ticket you can purchase online. It will be charged directly to your credit card if you don’t have funds ready in your account. This is a handy and a more secure option especially when you’re not at your house or abroad because you don’t need to type in all your personal details to purchase. All you need is your PayPal logins and you’re good to go.
I’ve tried using it on Agoda, Airbnb, Cebu Pacific, Air Asia, Klook and I didn’t have any problem. For online shopping, I tried using it in Metrodeal, Lazada even on Amazon and the transaction is all good.