|Indian PayPal Verification : eAskme|
Paypal account allow you to send payment the same time when you create it, but to receive payments you have to link it with your bank account. This will remove the limitations from your PayPal account. Usually it take 24 to 72 hours to get payments in your bank account from paypal.
Indian PayPal Users should know following:In 2010, RBI made it necessary to verify bank details with paypal to send and receive payments.
An Indian PayPal user cannot send or receive money from other Indian PayPal users.
- Benefits of using a PayPal account:
- Make online payment without showing card details.
- You can also use debit card.
- Receive payments from overseas.
- Send mass payment
- Create and send payment invoice.
How to Create Your PayPal Account:
- Go to PayPal.com
- Click on to get started
- Select between “Personal and business account“. (I recommend bloggers to create personal account)
|Create PayPal Account : eAskme|
- Fill sign up form
- Enter your Credit/Debit card detail
The first time when you create Paypal account, it is limited. You can send payment but you can`t receive payment. To start receiving payments you have to do following:
- Add your PAN card
- Confirm your Email
- Add bank account
- Purpose code
To check if verification is pending or not click here.
|PayPal verification : eAskme|
Pan Card :Make sure that you have same name on both Pan Card and your PayPal account.
How to Link Bank account to your PayPal account:It take 2-3 working days to Link Bank account to your PayPal account.
- Click on Start in front of Add bank account
- Enter Your Name
- Enter Your Bank account
- Enter Your bank IFSC code.
You can find IFSC code on your bank account passbook or on their website or on checkbook or you can ask your bank to know IFSC code.
|Link Bank account to your PayPal account : eAskme|
After adding bank details, within a day or two Paypal will send 2 small deposits in your bank account. When you see tis transaction then go to paypal.com and login then click on verify and enter the amount to complete bank account verification and linking.
|Confirm your bank Account : eAskme|
|Select Purpose code : eAskme|
Reviewed by Jean Shenon Jan 11 2015