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. Setting up a business PayPal account enables your business to take payments for products and services without having to pay for an expensive merchant. It is easy to set up your PayPal account. All you need is an email address and a credit card. Write an Article Request a New Article Answer a Request More Ideas What is the advantage of a student PayPal account. Log In Sign Up. AS Amber Smith Aug 24, On the screen, there is an option for interested applicants to begin the process of opening a PayPal account. Visit the PayPal website.