Opening a PayPal Cash Plus account gives you as a user the ability to hold a balance and use the balance to send and receive money. This account can also be used to purchase things online using mobile devices or in stores and make payments among so many other benefits.
Note: You can only open a PayPal Cash Plus account if you have a personal PayPal account in good standings. Also, you can only use your cash account by accessing it through your personal PayPal account. PayPal will automatically link your PayPal Plus account to your personal account.
PayPal Cash Plus
Not to be confused, you cannot have both a PayPal Cash Plus and a PayPal Cash account linked to your personal PayPal account at the same time. The PayPal login credentials you used for your personal account serves as the login details for your PayPal Cash plus or PayPal cash account.
Before you can open a Cash Plus or Cash account, you must verify or must have previously verified the required identifying information. However, this is the information you provided to PayPal. Just in case you do not know the required identifying information, they are your
- Physical address.
- Date of birth.
- Taxpayer identification number.
What is PayPal Cash Plus?
You should know, you are responsible for maintaining adequate security and control of any or all IDs. Also, you can control passwords and personal identification numbers. Furthermore, this is the code you make use of in accessing your Cash.
The cash account and the PayPal services are readily available to users. In addition to that, you must keep your mailing address, email address and other contact information current in your PayPal profile. Therefore, you can use this cash Plus account to transact the following;
- Send money.
- Receive money.
- Withdraw money from your cash account to a debit card or bank account linked to your personal PayPal account.
- Send money to friends and family.
- Convert money from one currency to another.
- Set up direct deposit funds into your PayPal Plus account and so on.
You should visit the PayPal website at https://www.paypal.com/us/webapps/mpp/ua/cashagreement-full to learn more on what you can do.
How to Open PayPal Cash Plus Account
You can open a PayPal cash account by applying for the PayPal cash card. The link https://www.paypal.com/us/webapps/mpp/cash-card will get you started in applying for the card. Also, when someone sends you money, there is an option that comes.
Furthermore, after accepting it, they will then give you an option to either transfer the money to your bank. Better still, you can keep the money in your PayPal account. If you select the keep it in PayPal option, you would find yourself setting up a PayPal cash account.