How to go ahead with PayPal for Indian PayPal Users!

I am getting lot of queries related to PayPal as how to go ahead with PayPal. Here are some terms which help you to understand paypal in better way..

1. What is Paypal?

If you're new to PayPal, you've come to the right place.PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. PayPal is a service that enables you to pay, send money, and accept payments without revealing your financial information. PayPal encrypts your sensitive financial information so the only person who can see it is you. PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages.

Example: You are from India, and working online in different websites,(you earn in different currencies like dollar, euro, pound,  so you get paid money in PayPal and then after you can easily transfer that money from paypal to your Indian bank account.

2. Please Explain process for opening PayPal account for Indian PayPal users?? What things are required to open paypal account?

In order to create paypal account you need to click the link to sign up 
or visit https://www.paypal.com and click the link for sign up.

After that you need to select type of paypal account which suits you the most. PayPal offers three types of accounts for Indian PayPal users:

1. Personal account is for online shoppers to make the payments or even you can able to receive funds in PayPal, for the beginners its good to start with PayPal personal account.   Recommended for individuals who shop and pay online, or wish to send or receive personal payments for shared expenses such as splitting of dinner bills or rental charges.

2. Premier PayPal account is for casual sellers who occasionally buy online.

3. PayPal Business account is for merchants with a company or group name and high transaction volumes. Recommended for merchants who operate under a company/group name. It offers additional features such as allowing up to 200 employees limited access to your account and customer service email alias for customer issues to be routed for faster follow-ups.

You can upgrade any time, so don't worry if selected Personal account when started (created) your paypal account.

How to upgrade:

Here's how to upgrade to a Premier or Business account:

1. Log in to your PayPal account.
2. Click Upgrade Account in the Enhance Your Account box.
3. Click Upgrade Now.
4. Choose Business or Premier account.
5. Click Continue.
6. For a Business account, fill in your business information and click Continue.

What is required for Indian PayPal users for creating PayPal Account:

1. Email account

2. Pan number details

3. Bank account

4. Mobile Number

5. Your complete address

Please make sure when creating account add the correct details and not give wrong details as it will create problem in future if you created account with wrong details.

The name registered on your PayPal account must match the name registered on your bank account. Each time you make a transfer request, PayPal automatically includes your registered name with your bank information.

For PayPal customers who have a Business account, the Business name is automatically matched with the bank information added to the account.

About Email address

Your email address registered in PayPal is your login detail as well as the important as when receiving or sending money,  you use that email address.

PayPal allow to add up to eight email addresses in your PayPal account.

About Pan number details
PAN or permanent account number refers to a 10-digit alphanumeric combination issued in the form of a laminated card, by the Income Tax Department in India. You can find the 10-digit number printed at the front of your card.
PAN is compulsory for all financial transactions in accordance with Indian laws and regulations.
You need to have a PAN (made mandatory by the Income Tax Department) in order to file for return of income as well as on all correspondence with any income tax authority in the country.
To apply for a PAN card all you need to do is submit the application form number 49 A to the Indian Revenue authorities.
To download PAN application forms or to learn more, visit http://india.gov.in/outerwin.php?id=https://tin.tin.nsdl.com/pan/form49A.html.

About Bank account Number:

You shall have or open a functional bank account. After registering for the PayPal Service, you shall have to provide "Your Information" as contemplated under this Agreement and any other information including but not limited to your bank account number and the relevant Indian Financial Systems Code which may be required by PayPal in order to verify and authenticate your bank account and activate the PayPal Service. 

What are the fees for PayPal accounts?

Opening an account:
PayPal doesn't charge a fee to open a PayPal account.

* If foreign exchange or currency conversion is required to complete any transaction, this will be performed by a licensed financial institution. The foreign exchange rate is adjusted periodically on a daily basis to reflect market conditions and includes a 2.5% processing fee which is retained by PayPal. The exact exchange rate that applies to your transaction will be displayed to you at the time of the transaction.

How to Verify a PayPal Account 
Log into PayPal and go to the "Overview" page of your account.

Click on the link under your name labeled "Get Verified."

Choose the method you wish to use to verify your account.

PayPal currently offers two options for verification:With Bank details
With credit card

Add bank details, click the link to verify your PayPal account, paypal will send two small amounts in your bank account, check those details by visiting your bank account and confirm the same in paypal to get the account verified.


Provide a valid credit card in your name.Enter the required credit information and then click "Continue. Verify that you have entered all information correctly and then click the "Confirm" button. Submit the form after the final verification page loads, then check your email for additional information from PayPal.Monitor your credit account that you are using for the verification process. Two small charges will be placed on your credit card if that is your chosen verification method.

Log into your PayPal account to report the deposits or charges after they appear on your statement.

Go the "Get Verified" link again and enter the deposits that were made into your account.

Alternately, enter the charges on your credit card at the website along with the codes printed next to them on your statement.

PayPal will credit your account back for the charges made.

Your account is automatically verified after entering credit card charges.