In the month of May 2011, PayPal sent an email to confirm account details and in that email PayPal explained that now following information is now compulsory for all account PayPal account holders in India that is ...
In order to comply with the RBI Guidelines, all PayPal users in India receiving payments from cross-border sale of goods and services and withdrawing money, are required to update their PayPal account by adding:
- PAN or Permanent Account Number
- Purpose Code
- Bank account in India
And the last date of confirmation was Aug 22, 2011 and failing which will result in limited account access of your PayPal account...
Today that is September 15th 2011, PayPal finally executed the auto withdrawal option as many friends from India got the confirmation from PayPal that amount is transferred to bank account registered in paypal and will be received by them in 3-4 working days....
I am very happy with move and now we don't pay the charges for transfer which we use to pay....
This link related to FAQ on automatic withdrawal with solve all your queries related to paypal...
Refer this link to for detailed information about this topic....
If you have any doubt feel free to ask or share your experience with PayPal...
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Yeah, this is good news for us.
ReplyDeleteYes, best part they waived off the withdrawal fees, this is actually welcome move.
ReplyDeleteI'm new in this. Is it completely safe provideing my bank account info or credit/debit card info to paypal. Do they charge money for using paypal? How?
ReplyDeleteI want to open paypal account to earn online using linkbucks.
Hi Anonymous,
DeleteYes, it is completely safe and more so our bank and card details are encrypted.
PayPal don't charge for opening an account or using that money, But Paypal charge fee for receiving and withdrawal
check this link for fees structure
https://www.paypal.com/in/cgi-bin/webscr?cmd=_display-fees-outside
Open an Account Free
Send money Free
Withdraw Funds
Free to bank accounts in India
Fees for other withdrawal options
Receive payments
International payments (outside India):
2.9% + $0.30 USD to 3.9% + $0.30 USD
Multiple currency transactions Exchange rate includes a 2.5% fee*
How safely you can operate your PayPal account:
Be Safe . Be Alert - Don.t let your paypal online account details fall in the fraudsters hands
In case of doubt, do not click on any link provided in the e-mail
Do not access paypal or make payments using your Credit/ Debit Card from shared or unprotected computers in public places
Do not transfer funds to or share your account details with, unknown/ non-validated source, luring you with commission, attractive offers.
Do not give any confidential information such as password, customer id, Credit/Debit Card number or PIN,CVV,DOB to any e-mail request, even if the request is from government authorities like Income Tax department or any Card Association company like VISA or Master Card
Do not open unexpected e-mail attachments or instant message download links
Always check the web address carefully before sharing any sensitive information
If you receive any e-mail, phone call requesting your paypal details like your login id, password, or Credit/ Debit Card details, please do not respond to it and forward the e-mail to Forward fakes to spoof@paypal.com
If you think you’ve received a phishing email:
Forward the email to spoof@paypal.com
Delete the email
Be on the safe side
Go to the My Account tab and click History to check your transaction history for inaccuracies.