Points to keep in mind before buying and selling with paypal in INDIA

Are you looking to buy products and services online using paypal or are you looking to start selling products and services choosing paypal as a payment option. I am going to give you a closer look of paypal so kindly look for my points before starting using paypal as a payment option. There are various alternatives available other than paypal but now i am going to give you a brief overview with what can you get with paypal and what are your requirements?

Things to know before choosing paypal as a payment option:

Paypal is the world best and mostly used payment processor worldwide so if you want to accept payment globally paypal is the best option for you.

1. Paypal support local withdrawals to almost all countries of the world.
2. It involves buyer protection which is very strong, hence if you will not get the product or service you bought from a vendor, you can raise claim and paypal will refund you.

If you are going to receive payments online and this is the reason you are choosing paypal to accept the payments then you must clear these points.
You can not withdraw above 500 USD per day from your Paypal account balance. This limitation is set by RBI guidelines and FEMA policies.
so simply if you are going to receive payments in bulk you must find out a better alternative.

Now second thing is "you can not send and receive payments locally"  that is simply "Neither you can send any payment to indian resident locally using paypal nor you can receive paypal payment from any indian resident. In addition to this indian paypal users can not accept paypal personal payments from other countries.

Paypal currency conversion is lower than the actual live exchange value.So you have to loss about 2 Rupee per USD while withdrawing money from paypal account balance to your local bank account in india.

However still paypal is the best and mostly used payment processor inspite of great fee.Note that paypal does not have any withdrawal fee for localized bank transfer in india.

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confirm your paypal using your debit card (solution for indians)

STEP 1: first you should have a paypal account
if u dont own a paypal account click below and sign up for a premier aacount.
its totally free and there is no mothly rental or any extra charge for that.





STEP 2: u should have a debit card issued by your bank
STEP 3: for visa card holders verify your card by visa by going to your bank website.
for maestro i.e master card,go to your bank website and verify your card too.
list of some banks to verify your card
1. FOR SBI CLICK HERE
2. FOR ICICI CLICK HERE AND REGISTER AS A NEW USER
3. FOR AXIS BANK CLICK HERE AND GO TO THE FREE REGISTRATION
4. FOR HDFC CLICK HERE AND REGISTER YOUR CARD
5.FOR UNION BANK CLICK HERE AND REGISTER YOUR CARD

FOR MORE BANKS GO TO YOUR BANK WEBSITE AND SEARCH FOR VRIFIED BY VISA OPTION AND REGISTER YOUR DEBIT CARD


STEP 4: GO TO ENTROPAY.COM
STEP 5: REGISTER FOR A NEW ACCOUNT/SIGN UP
STEP 6: In funding details, type in your debit card & complete registration.
STEP 7: Now you are ready to create VCC(VIRTUAL CREDIT CARD), you can deposit required money from your debit card or bank account.
STEP 8:Note down Card number, cvv and expiry date.
NOW YOUR CREDIT CARD IS READY AND YOU CAN MAKE PURCHASES ONLINE,LINK AND CONFIRM YOUR CREDIT CARD WITH PAYPAL AND YOU CAN USE THIS ENTROPAY CREDIT CARD WHEREEVER CREDIT CARD IS ACCEPTED...
STEP 9: LOGIN TO YOUR PAYPAL
STEP 10: CLICK ON ADD/EDIT CREDIT CARD UNDER PROFILE OPTION
STEP 11: THEN FILL DETAILS OF YOUR ENTROPAY VCC AND CLICK CONFIRM
STEP 12:NOW PAYPAL WILL TAKE A SMALL AMOUNT FROM YOUR VCC AND WITHIN 2 WORKING DAYS YOUR CARD WILL BE CONFIRMED...