How to Set Up a PayPal Account. PayPal is a popular online payment system that allows you shop online without having to re-enter information every. PayPal is an electronic payment processor that allows customers to send money securely without divulging your bank information to the merchant. You can use. It is easy to set up your PayPal account. All you need is an email address and a credit card. It is wise to link a bank account to the PayPal account so that money can be transferred back and forth. You'll be prompted to confirm that you want to skip the process. Unlike other payment systems small businesses have to use, this service requires absolutely no monthly service fee. Another security setting to consider is the PayPal mobile phone security key. Is there a way around this? The account creation process is largely the same for both the website and the app. The name on the card must match the legal name you entered when creating your account. You were logged out to help protect your account. In order to receive money at your PayPal account, you'll need to confirm your email address. Can I open a PayPal account without a credit or debit card? Pay instantly with a linked card or bank account.