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How do I receive PayPal payments?
To comply with India’s financial regulations, you’ll need to provide additional information to confirm your identity before you can receive PayPal payments and withdraw money from your PayPal account. Simply go to your Summary and click Notifications (the bell icon) to start your identity confirmation steps.
Some examples of information you need to provide:
- Your PAN (Permanent Account Number)
- Your Indian bank account
- A Purpose Code
Learn more on how to complete the identity confirmation.
After we’ve received the information and confirmed your identity, you’ll be able to receive PayPal payments, and withdraw money up to $500USD per month. You can further remove the withdrawal limit by confirming a bank account or a credit card.
Adding a purpose code to your account:
In accordance with Indian regulations, you’re required to add a reason for your payments (also known as a "purpose code"). This helps the regulators to understand the exact nature of your cross-border transactions. This purpose code must be in place before you can withdraw money from your PayPal account to your local Indian bank account. You only need to add the purpose code once, and it’ll be used as the default reason for all your payments.
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