One of the unique features of PayPal is that you can receive money in your PayPal account without a bank account. … For Indian customers, PayPal is not allowed to hold money for more than a day, and a mandatory withdrawal to the bank account would take place due to regulatory norms¹.
Does PayPal accept international payments in India?
Note: In India, PayPal can’t be used to send money abroad for personal payments. Only business related transfers are allowed abroad from India. … High fees to receive money – PayPal charges high fees for receiving money transaction fees on international transfers – 3.5% to 4.5% on the amount being sent abroad.
Can I receive money on PayPal from another country?
You can transfer funds between more than 200 different countries. However, PayPal’s international transfers aren’t free, so you’ll have to check what the fee is for each transfer within your country of choice.
How do I receive personal payments on PayPal India?
Note: It is currently not possible to send or receive a personal payment to and from India using PayPal. If you’re sending money for a personal payment to India, we ask that you find another way, we currently recommend Xoom.com.
Can a normal PayPal account receive money?
How to Set Up a Paypal Account for Receiving Payments. A personal account can subscribe to websites, buy on eBay and other online stores, and send and receive money. As you might know, you can use any type of PayPal account to receive money.
Is PayPal banned in India?
PayPal Holdings Inc will wind down its domestic payments business in India from April 1, the company said in a statement on Friday. “This means we will no longer offer domestic payment services within India from 1 April.” …
Which Indian bank is best for PayPal?
Indian banks that are offering PayPal services
- Axis Bank.
- HDFC Bank.
- IDBI Bank.
- ICICI Bank.
- Kotak Mahindra Bank.
- State Bank of India (SBI)
- Indian Bank.
What happens when someone pays you through PayPal?
With PayPal, you receive money when someone sends a payment to your email address or mobile number. Once that happens, we’ll send you a message letting you know you have money available. … Keep the funds in your PayPal account and use your available balance to send money to friends and family or to shop online.
Can I receive money on PayPal without linking a bank account in India?
One of the unique features of PayPal is that you can receive money in your PayPal account without a bank account. However, in order to withdraw the money you will need a bank account. In other words Paypal functions as a wallet that can hold money, which you may use to make and receive payments and purchases online.
How do I accept money on PayPal?
Someone using PayPal only needs to know your email address or mobile phone number to send you money. When someone sends you money, we’ll email you advising you to open a PayPal account so you can claim that money.
Can I receive money on PayPal without linking a bank account?
Once you do and you need to receive a payment from another PayPal user, simply give them the email address connected to PayPal. … If you choose to withdraw the funds from your PayPal account, you can do so without a bank account as well.
Is PayPal useful in India?
The PayPal wallet feature is not available in India for personal use. However, as an individual, you can use PayPal to make a purchase with the sellers that use PayPal globally and through the PayPal mall for goods or services.
Can I receive international money on PayPal without KYC?
Can I receive money on PayPal without KYC? – Quora. Yes, you can receive money in PayPal but to withdraw the money to your bank account, you need to complete the KYC.