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How to Get Started with Paypal in India?

Post RBI tightening the screws of Paypal it has launched a dedicated page for Indian users and one will have a different set of terms and conditions to follow coupled with Paypal auto debit which is worth checking. Below screenshots shows that how you can get started with them:

  • Sign up for a PayPal account and add your PAN card details : Sign up for your free PayPal Business account using your business name as shown on your Permanent Account Number (PAN) card. Make sure it's exactly the same for ease of processing. Add your PAN card details.
  • Add your local bank account and Purpose code : You'll need to add a few key details to get started. Make sure you have your local bank account details ready before you start. You will also need to select a Purpose Code which indicates the nature of the goods and services you intend to sell.
  • Start selling anywhere in the world : Once you've set up your PayPal account and added your PAN, Purpose Code and local bank account details, you will be able to receive payments for goods and services sold, up to US$3,000 per transaction.

You can check PayPal Terms and conditions for Indian merchants here.

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We Teach and Train our Clients as we want to make sure that clients trade in market as a thorough professional. Charges if any being paid by you are for the teaching and training. We do not provide any stock tips. Your joining is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
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