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.
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.
Provide a valid PAN for instant verification. Make sure that the name on your PAN card matches the name on your PayPal account.
Once you’ve signed up for a PayPal account, do remember to confirm your email to receive payments.
Add a local bank account to facilitate overseas payments and withdrawals.
Please make sure you select the purpose code that accurately describes your business transactions. This is required under Indian regulations.
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.
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.