Pay Pal The complete Guide A-Z.

When you open up a PayPal account, you can start sending payment right away (After linking with your debit or credit card) but to receive Payment you need to link your PayPal account to your bank account. This will remove the withdrawal limit from your PayPal account, and you will be able to withdraw money from your PayPal account to your bank account.

Here are the few important things that you should know about being a PayPal restrictions for few Asian country like India. For other countries, there is no such limitation & you can keep money in your PayPal account.

Indian Paypal user could store and use money in their PayPal account to send payment or buy any goods online. But in 2010, RBI imposed the new set of rules on PayPal, and now you can only withdraw money from your PayPal account to Bank account. ( You can’t use PayPal money directly for online purchases or Payment). This is indeed a problem as you will end up paying conversion fees twice, but at this moment there is no solution to this. If you have any relative outside India, you can ask them to create a PayPal account for you, which you can use without any such limit or restriction.
An Indian PayPal user can’t send or receive money from other Indian PayPal user.

what are benefits of using a pay pal account

• You will be able to make the online payment without exposing your credit card details.
• You can use Debit card to make payment. This helps many  who don’t have a credit card.
• You can receive Payment from the overseas account. (Such as client, advertising payment).
• Many online services charge recurring payment. When you pay with Paypal, you can anytime cancel the recurring payment. Here is a tutorial for the same.
• You can send mass payment using Paypal.
• You can create and send invoice directly to your client

Step by Step guide to create your pay pal account

First of all, head over to PayPal.com and click on to get started to create your PayPal account. On the next page, you have the option to select “Personal and business account“. For bloggers, I would recommend you to start with a personal account and if you ever need a business account, you can instantly upgrade it from PayPal dashboard.

On the next page, you need to sign up by filling up a form, you can enter your Credit/Debit card detail then or can skip it for later to send Payment. Do remember, when you open a Paypal account in India, it’s a limited PayPal account. You can use it to send Payment to anyone using your Credit or Debit card, but to receive Payment you need to complete these 4 tasks:

• Add your PAN card
• Confirm your Email (When you sign up, you will get an Email from PayPal to confirm your account)
• Add bank account (This will be the bank account where your Paypal money will be withdrawn to)
• Purpose code (From the long list, select the purpose on which you are receiving payment on your Paypal account)

Pan card

Your Pan Card name should be same as your PayPal account name. If you are a minor without a Pan card, you should open a PayPal account in the name of your parents.

Linking your bank account to your pay pal account

This process will take 2-3 days if you initiate now, so I suggest you to create your Paypal account right away, as if in future you need to receive money from any of advertising company or client, you don’t have to wait then. Click on Start in front of Add bank account and you will be taken to the next page where you need to enter just a few fields such as :

• Your Name
• Your Bank account
• Your bank IFSC code. (If you don’t know the IFSC code of your bank branch, simply go to your bank official site and search for it). If not, Search in Google with “Your Bank Name, Branch and IFSC code

Conform pay pal bank linking 

Once you are done adding the bank account detail, Paypal will send you 2 small deposits in your bank account. After receiving the deposit you need to login to your PayPal account, click on verify at the top and enter the amount to complete verification of your Bank account and PayPal linking.

Note: Money in your Indian PayPal account will be withdrawn automatically every day. You can also manually withdraw money to your bank account. Usually, it takes 5-7 working days for the money to be credited to your bank account.

Linking your credit/debit card to your pay pal account

When you are linking a credit card to your PayPal account you will face no issue. You can always add a new one, edit old one or 

remove old one by going to Profile

Axis Bank

SBI

HDFC BANK

I hope this guide helped you to know everything about creating and verifying your PayPal account. if you have any query about this post related to this post  let us know via comment enjoys.

                             Create your pay pal account