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Varun Bhambhani
•

Devza • 1y

Some Information about Paypal - India - You can’t use Paypal balance to pay anyone, the balance auto-withdraws to your stored bank account at the end of the day. - Pan card must be added to your Paypal account - Account purpose should be chosen to ensure that the Paypal payments are processed. This information is shared with the regulator (RBI). - Paypal only supports International payments for Indian users, means that you can only pay or receive funds from international users and can’t do domestic payments and you can only do Goods and Services payments. - Paypal charges 3% currency conversion fee above base exchange rate, certain currencies can incur a fee of 4%. There is no withdrawal fees to bank account - Receiving and sending funds involves a certain fee too. This information is subjective to my knowledge only, it can vary or be updated if any rules are updated. You can read more about the fees here:

https://www.paypal.com/us/webapps/mpp/merchant-fees

4 Replies

Replies (4)

lakshmi priya

I had done my B.Tech... • 1y

Valuable Information

Chandrahaas Sharma Namuduri

☝️ • 1y

Superb post sir

Udyamee

Baki sab thik ? • 1y

Thanks for sharing. Can be really helpful for freelancers planning to work with foreign clients.👍

Niket Raj Dwivedi
•

Medial • 1y

Fire content 🚀🦁

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•

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Freelancers, which apps or platforms do you use to receive international payments? (Excluding PayPal) 👀

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