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Link your business bank account to your PayPal account. Depending on the type of business you do, you may be required to provide additional documents to PayPal. Next, you will have to complete the Know Your Customer (KYC) procedure to verify your business account. Click on the confirmation button in the email. After signing up, PayPal would have sent you an email to confirm your email address listed.You need to activate and verify your account.

Check out the section below about how to confirm a bank account. You can confirm your debit or credit card with an OTP sent to the registered mobile number. You can do that under Payment Methods on the dashboard and by submitting your card details. You will need to first link your debit or credit card to your PayPal account.

To begin using your PayPal India account, you will need to complete the company’s verification process. Follow the steps to complete and verify your account. PayPal may ask for additional information before your account can be opened.Using the dropdown menu, provide additional business information like your business PAN and date of formation and once complete, press Continue.Next enter in your email address and provide details on your business, then hit Continue once you are done³.

Choose from the dropdown menu what type of payments you are looking to receive and your annual sales volume in USD.

Follow the instructions to complete and verify your account².

Go to PayPal website and click on Sign up.

Here is a step by step guide on how to setup your PayPal account in India: For individuals Now if you want to open a PayPal India account, there are different processes for opening an individual account, or a business or freelancer account. How to set up PayPal account: Step by Step

Cannot send or receive personal paymentsĬannot keep a PayPal balance more than 24 hours.

One more thing to keep in mind is that with a PayPal India business account, your balance is cleared daily into your local bank account.¹ If you are paying an exchange rate that is different from the mid-market exchange rate, then there is a chance you are paying a markup on your rate. The mid-market exchange rate is also the one you see on Google and Reuters. This exchange rate is different from the mid-market exchange rate that banks use themselves. This is in addition to a currency conversion fee and a PayPal-set exchange rate. International payments have a fee of 4.4%+ a fixed currency fee. So whether you have suppliers or partners to make payments to, you can use your account to do so.īut with a business account, it is a good idea to keep an eye on your fees. It can also be used for domestic payments as well, but it can be more expensive than native-Indian payment gateways.Īs a registered business account, you can also send payments using your PayPal India account. You can receive international payments from 200 countries using PayPal. If you are a business owner, it is a different story. Instead, you have to link your debit or credit card to your account and can make payments for any purchases made with sellers on PayPal. ⚠️ If you are looking to send money overseas to friends or family, PayPal India does not offer a wallet or money transfers PayPal India lets individuals and businesses in India open accounts, but functionality and what you can do with PayPal India is limited.įirst, individuals can only use PayPal to shop at the brands and boutiques in the PayPal Shopping home site.

Open your free Wise account now How PayPal works in India With Wise, you can receive money directly to your local Indian bank account from abroad the easy, fast and cheap way 🚀

Sending money to India does not have to be complicated or expensive. To understand how PayPal India is unique, check out the breakdown of how PayPal works in India. PayPal, one of the leading companies in global money transfers wallets offers its services to Indian residents.īut there are a few things to be aware of before you sign up for PayPal India, as it operates differently domestically.

#Paypal sign up how to

#Paypal sign up verification

#Paypal sign up free