Sign up for a business account. Add your valid PAN and confirm your email address.
Add a local bank account and a purpose code for your business.
You only need to do this once to start accepting overseas payments.
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.
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 .