PayPal may not be available to all hosts as a payout method, depending on the country in which the PayPal account is based. You can see if PayPal is available to you as a payout method by going to Account > Payout Preferences. Then click on the Add Payout Method button. After entering your address, you'll see a list of your payout and currency options.
If PayPal is listed as an option, you’ll first need to have an existing account with PayPal. Find out more about creating a PayPal account in the PayPal Help Center.
When you choose PayPal as your payout method, you’ll need to enter the email address associated with your PayPal account and click Next.
Your account's status will remain as "New" for a couple hours while the site refreshes your account. Then it will change to "Verified" and be ready to receive payouts.
Read more about changing your payout preferences.