Fast forward your business.

To ensure PayPal remains a safer place to transact, we may ask you to confirm your identity. This is to protect all our customers and ensure we comply with our regulatory obligations. The whole process only takes a few minutes and you can start accepting overseas payments of up to US$10,000 per transaction for goods and services.

To ensure PayPal remains a safer place to transact, we may ask you to confirm your identity. This is to protect all our customers and ensure we comply with our regulatory obligations. The whole process only takes a few minutes and you can start accepting overseas payments of up to US$10,000 per transaction for goods and services.

1

Sign up for a business account. Add your valid PAN and confirm your email address.

2

Add a local bank account and a purpose code for your business.

3

You only need to do this once to start accepting overseas payments.

No more waiting.

With PayPal, you don't have to bother with the pesky paperwork anymore. Simply log in to the task board to confirm your identity online and you can start selling in just a few clicks.

Verify your PAN instantly

Provide a valid PAN for instant verification. Make sure that the name on your PAN card matches the name on your PayPal account.

Confirm your email

Once you’ve signed up for a PayPal account, do remember to confirm your email to receive payments.

Add a bank account

Add a local bank account to facilitate overseas payments and withdrawals.

Select purpose code

Please make sure you select the purpose code that accurately describes your business transactions. This is required under Indian regulations.

Documents required for withdrawals.

Every transfer of funds from your PayPal account to your bank account will require a Foreign Inward Remittance Certificate. This document is used as a proof of payment received from outside the country in the foreign currency.

More about proof of foreign inward remittances

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Questions and answers

What is a PAN?

Permanent account number (PAN) is the identifier of Indian income tax payers in the form of AAAPL1234C. It is a unique, 10-character alpha-numeric identifier and serves as an important proof of identification.

What is a Purpose Code?

The Purpose Codes have been introduced to identify the nature of the cross border transaction payment made in compliance with regulatory requirements. Businesses are required to furnish the appropriate purpose codes from pre-filled dropdowns when they initiate a withdrawal from their PayPal account to their Indian bank accounts.

How much time does it take to complete the tasks?

It only takes a few minutes to confirm your identity. Simply log in to your PayPal account. You’ll see an alert requesting you to complete the tasks - verify your PAN, add a local bank account and a purpose code and/or confirm your email address. You can view and track your progress online with our task board.