In order to receive money online you need a paypal personnel account. If you do not have a paypal account, then open today. Its easy and free. you will receive money to your paypal account in us dollars and paypal will send that money into your bank account in your own currency. However you need to verify your account to remove the sending and withdrawing limit. inorder to verify your paypal account you need 4 things.
1- purpose code
2- pancard number
3- either a bank account which supports paypal or a credit card which has logo (master card , visa or american express)
4-IFSC code of your bank branch
Make sure the name of your pancard,bank account and paypal are same.
PURPOSE CODE
purpose code means when you are receiving money from other country then what is the purpose of your cross border transaction. you need to choose a purpose code by helping them to know the exact nature of your cross boarder transaction.
PANCARD NUMBER
pancard number for your identity. Add your pancard number in paypal. Make sure that your name in pancard is exact the same name in paypal.
BANK ACCOUNT
Bank accounts to withdraw money. Most of the bank in india which have IFSC code supports the paypal.If you are from india, you need to know which indian bank supports paypal. if you do not know, then type in google search “indian bank that supports paypal”
after you got a bank account then add your bank account in paypal and add your ifsc code, If you do not know what is the ifsc code of your bank, then ask the branch people what is the ifsc code of that bank branch othewise in google, search the ifsc code of your bank branch. Suppose you have opened an account in SBI and branch name is MIYAPUR then type in google search IFSC code of SBI BANK in miyapur branch, hyderabad. So that, you will get your ifsc code.
Now in paypal, add your bank account number and branch ifsc code. After successfully adding your bank account, paypal will deposit 2 small amount of money in your bank account. Then you can check your account after 4 business days of deposit. Find out the exact two amount which paypal has deposited in your account, then add that two amount in paypal for your account confirmation. Now its over. Your account will be verified. Your sending and withdrawing limit will be removed. Then you can receive your money through paypal. Later you can withdraw that money to your bank account according to your convenience .
Now take time to sign up at
www.paypal.com
Here i will show you, the step by step method how to create an account with paypal and how to verify your account using your bank account number.
first of all sign up with paypal using this link paypal
after clicking on sign up you will get a page like below. You have to choose an account for individuals. Follow the instruction below.
step-2 fill up your necessary information, each and every field is required. While filling up the registration form provide your real information, like your name, it should be match with your bank account name and your actual date of birth .
step-3 after clicking with agree and create account you will get page like below and here you have to fill the code which is shown in image below. Next click on continue.
step 4- now you will get a email to your account. check your email to confirm your registration.
step 5- after clicking confirm your email, then it will ask your password and fill your password. next, you will get a page like below. Here you have to choose two security question for your password recovery. In case you forget your password in future, then this security question and answer will help you to recover your password. choose two questions and write your own answer for that. Then click on submit.
step 6- next you will get a page like below. here you have to click learn how to remove this limitation.
step 7- now you will get a page like below. just little scroll down and you will get 3 options.
1- add purpose code
2- link bank
3- add pan number. Already you have added pancard number at the time of registration. all you have to do is add a purpose code, and link your bank account with paypal. Now in option add purpose code, click on resolve
stpe 8- once you click on resolve in add purpose code, you will get a page like below. just select your purpose code. You can select business and management consultancy. Then click on save.
step 9- after saving , you will get a page like below. It will ask you to link bank. then click on link bank.
now fill your name , bank ifsc code, and bank account number. Then click on continue.
Now paypal will send two small deposit to your bank account. you have to check it in your bank after 6 business days. once you come to know the deposit amount, just log into your paypal account and click on get verified. See below.
then it will ask you to fill up the two amount. Once you fill up the the two amount click on confirm. Now its over, your limitation will be removed and you can start receiving and sending money through your paypal account. If , you still face any problem with your transaction then click on help option in paypal and contact them through their toll free number.
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