As you already know Paypal is by far easiest way to make payments overseas and to receive payment from almost all the countries using just an e-mail address. Paypal offers its service in India too, but they are restricted according to Indian regulations. If you are new to Paypal the first thing you need to know is if you do not have a credit card then you can-not add funds to your account. That is if you need to send money to someone, you will need to add funds to your Paypal account and for that you will need a credit card. Debit cards and direct bank transfers do not work in India.
Note: According to some users Paypal accepts ICICI bank VISA debit cards, but I haven't tested it yet. If you already have a VISA debit card of ICICI bank then try it.
Some other methods to add funds in your Paypal account without credit card are:
Okay here is step by step guide to use Paypal in India-
1. First you will need to sign-up which is very simple. Just fill the required fields provided and also do not forget to double check all the details. You will need to add you PAN (Permanent Account Number) during sign up process.
2. According to Indian regulations you will need to complete some tasks in order to activate your account.
2.1- To provide PAN number which will be verified by Paypal.
2.2- Confirm your e-mail address.
2.3- Add bank account - Paypal will make two small deposits to check your bank details are correct.
2.4- Provide purpose to use Paypal.
3. Adding bank details is very simple - You will need to add some basic details like your name on bank account, account number and IFSC code.
4. If you have a credit card then you can add your credit card by going My Account > Profile > Link/Edit credit card tab. It accepts VISA, Mastercard, American Express and Discover.
This is all set. Now you are ready to make and receive payments from your newly made Paypal account.
In the next post I will discuss on the methods to add funds to your account without credit card. If you have some more details then please comment below.
Note: According to some users Paypal accepts ICICI bank VISA debit cards, but I haven't tested it yet. If you already have a VISA debit card of ICICI bank then try it.
Some other methods to add funds in your Paypal account without credit card are:
- Dena bank's debit card.
- HDFC Bank's NetSafe Cards.
Okay here is step by step guide to use Paypal in India-
1. First you will need to sign-up which is very simple. Just fill the required fields provided and also do not forget to double check all the details. You will need to add you PAN (Permanent Account Number) during sign up process.
2. According to Indian regulations you will need to complete some tasks in order to activate your account.
2.1- To provide PAN number which will be verified by Paypal.
2.2- Confirm your e-mail address.
2.3- Add bank account - Paypal will make two small deposits to check your bank details are correct.
2.4- Provide purpose to use Paypal.
3. Adding bank details is very simple - You will need to add some basic details like your name on bank account, account number and IFSC code.
4. If you have a credit card then you can add your credit card by going My Account > Profile > Link/Edit credit card tab. It accepts VISA, Mastercard, American Express and Discover.
This is all set. Now you are ready to make and receive payments from your newly made Paypal account.
In the next post I will discuss on the methods to add funds to your account without credit card. If you have some more details then please comment below.
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