IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.
What has made PayPal so popular among both consumers and merchants, or clients and contractors, in this case, is that it is secure, allows for international payments and payments can be received almost instantaneously. When someone sends you a payment it arrives in your PayPal account within minutes compared to days when receiving an ACH deposit in your checking account or check by mail.