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Paypal Payments upto USD 10,000 Can be Received in India

Paypal has increased the receiving limit for Indians up to $10,000 per transaction.  Probably Paypal has finally reached a truce with RBI. We received the below email which speaks for itself.

Congratulations! We are pleased to inform you that PayPal merchants in India can now receive up to USD 10,000 per transaction for export-related payments for goods and services, effective immediately.

With the increased transaction limit, you can:

Accept credit and debit card payments anytime, anywhere on your website, mobile, eBay listing, or simply by sending an invoice.
Increase your global presence by selling to over 132 million active PayPal users in 193 markets around the world, accepting payments in up to 25 currencies.
Leverage on our industry-leading fraud prevention and risk management systems to keep your business secure and minimize losses.

To receive export-related payments, merchants must confirm their email address, and add a Permanent Account Number (PAN), Purpose Code and local bank account to their PayPal Account. If you have any queries, please log in to your PayPal Account and click on the ‘Contact Us’ button.

We look forward to continuing to support your export business through our global online payment platform. We have integrated Paypal Payment for Subscription Services here.

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