There is a medium require to send and receive money online. Paypal is the one of the oldest(Founded in December 1998) and trusted services which lets us to send or receive money easily. Paypal provides its services in many countries including India. In this article you will come to know benefits of using Paypal, how to create Paypal account in India and how to do transactions.
Benefits of Paypal :
1) It just requires your E-mail :
The best part of Paypal is it just require your E-mail to receive or to send money. Paypal email is simply the email which is linked with your Paypal account. You can receive money from anyone by just sending your E-mail address to them and also can send money to anyone with their E-mail address. Suppose you want to send someone whose Paypal email is xyz@email.com then you just need to enter this email and then click on continue and then enter amount that you wants to send and just click to continue to send the amount to payee.
2) Keeps Financial Privacy :
In this mode of payment you do not require to share any financial data such as Credit/Debit card details or any bank account details. This way your important financial data is private and safe.
3) Can Create Paypal Link :
You can create a Paypal link to receive online Payments. You can just choose an username for your Paypal link and from then you can just share this link to receive money. This is more easy then an email option. you can use both email or paypal link to receive money as per your choice.
4) Its Quick
This service is very quick that you can receive your payments in just a seconds on one click when payable sends you and vice versa also.
Now lets know how to start with it. So first of all, you need to create a Paypal account.
Steps To Create Your Paypal Account :-
1) First you need to open paypal.com
2) Now clcik on to Sign Up to create your account.
3) You need to choose between Individual Account or a Business Account, if you are a individual just go for an Individual Account and click on Continue .
4) Now in next page you need to add your personal details like country, email address, and a password for the account.
5) In next step you are require to fill your personal details like your name, date of birth, address and a phone number and click on continue button.
6) You need to confirm your email and phone number in this step to activate your Paypal account to do any transactions. Also need to choose a Purpose Code for receiving money, Purpose Code is the code for which you are going to receive money it just tells the purpose of the transaction. You need to choose one form their list.
7) Now, you are require to edit your bank account for which you just need your bank account number and IFSC code which you can get in your bank passbook.
8) Now, Final step to start receiving money from anyone is to edit PAN card details. As per Indian rule it is must to add PAN card with your Paypal to receive any money. This is all for if you just want to receive money. If you want to send money you can send to anyone with your paypal balance.
9) If you want to send money and you do not have balance in your Paypal account then you need to load money to your Paypal account so that you can send money through Paypal. You can add money to your Paypal account through Debit/Credit card/Bank etc.
Its all done with your creating your fully activated Paypal account. Now lets know something more about Paypal like its fees, type of accounts,shopping etc.
Paypal Fees in India –
Amount Range Fees
Up to $3,000.00 USD 4.4% + $0.30 USD
$3000.00 to $10,000.00 USD 3.9% + $0.30 USD
$10,000.01 to $100,000.oo USD 3.2% + $$0.30 USD
Above $100,000.00 USD 2.9% + $30 USD
Suppose , someone sends me $10 then 4.4% of $10 + $0.30 will be deducted. And 4.4%of $10 will be $0.44 + $0.30 = $0.74 will be the fee charged in receiving $10 payment. So I will get $9.26 only.
NOTE: Paypal charges fees only on transactions.
Types of Paypal Account –
We have already mentioned there are 2 types of Paypal Account one is Individual account and other is a Business Account. In Individual account you can use Email address or a Paypal link for transaction. But in Business account you get a Credit/Debit card option too in receving money from people, means people can send money using their Credit or Debit card.
Shopping with Paypal-
You can also shop on Paypal. There are tons of product available there and you can also get discounts and many exciting offers.
This is all about Paypal and how to use Paypal in India. If you have any query then you can just leave a comment and also comment if you wants to share something related to this article.
Also Read How To Apply For Passport Online In India – Step by Step GUIDE
If you still have any query just comment down below.
Software Engineer. I like to help people with my articles. I hope you like them.
Priti Singh says
Thanks for your wonderful post it is really important for me.
I have learn use of paypal from your blog.
Keep it up.
Asmat says
good article
Land Investment says
I like the helpful information you provide in your articles. I will bookmark your blog and check again here regularly.
Ajit says
does paypal allow payment within India ?
Ankit Mishra says
no inter- country payment is not allowed in India with your paypal balance although you can send payment by adding balance to your Paypal through debit card or credit card.
Ajit says
Thanks, Ankit. I got It
Brijesh rawat says
good articals….. thanks.
Sofor says
So sad, we can’t use PayPal in Bangladesh.
Ankit Mishra says
I hope it Paypal hit your country soon.. and yeah we just got one more gift from Paypal that is Paypal shoping is now available in India.. I just hope Paypal again thinks for personal payments in India so that people use it more often in Country itself.
krishna mahato says
thank you, ankit mishra for provide a good information
mayank raj says
Thanks for providing us complete info about Paypal. Keep it up my friends
jeetendra singh says
hi just want to thanks for this article
Yasser Youssef says
Hello Ankit
This is a wonderful effort, I’ve benefited from it all
Thank you
mandeep says
hi very good article keep up the good work
Pankaj Jangir says
A great tip for Business Accounts as well.
Doctor says
Good work
Nice content
Very helpful
Keep up the good work
Thanks
vimal kumar says
Good work
Shubham says
Thanku for this information about paypal it was really confusing before your blog 😉
Rashmi Sharma says
No doubt Paypal is the best when it comes to international transactions
chitti says
How to get my money that not got from two years
Ankit Mishra says
what was the issue with it , what they said about this? contact paypal for this and ask them. or simply refund the money to sender and ask him to send it to you again.
zahid soomro says
How to approve paypal account in pakistan
Ankit Mishra says
go to the paypal’s website and start with sign up and you will know what is next ….
obey khan says
thanks for sharing this information sir, it really helps me a lot. keep up the good work
Ritesh Kumar says
Hi, very good article. thanks for the information about PayPal
I was not aware of the latest changes.
Thanks for this article.
Keep up the good work.
satyajit singha says
hello
very good blog thanks for sharing keep up the good work
Alisha Roy says
Very excellent blog,thanks for sharing.
Prady says
Thank you for sharing this Post.. Really Nice and also informative.. Thank you again
Rahul says
Thanks for sharing such a good info.
raam kumar says
god job
lokesh rajput says
nice article
Karan rdx says
Nice
Tanmay says
Hey Ankit
Such an informative post thanks for sharing with us
keep it up for the good work
Jahanzaib Khan says
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ABHINAV YADAV says
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30 Business Opportunities and Ideas says
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Nickie says
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Gopal says
Nice post