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However, if you want to use PayPal just for online shopping, you can go without a bank account or PAN card. In order to receive international payments, the PayPal account must be linked with,Īnd to make international payments, it must be linked with a debit card or credit card. The PayPal account as an international payment gateway helps you with two major purposes. Learn about country specific user agreements of PayPal

You can only use the debit card or credit card for payment.

It is exclusively used for cross border online financial transaction.

You cannot use your PayPal balance for any other purpose such as transfer of money within the country or local online shopping.

It only acts as a facilitator of online payment, not as a repository or custodian of buyer’s charges.

The transfer of the Balance into your bank account is to take place immediately upon receipt of the Buyer’s confirmation and in any event no later than 7 days of transfer by PayPal to the authorised dealer bank.

The value of the product or service in no event can exceed USD 10,000 per transaction.

Thus, PayPal has to take down some of its services in India. Moreover, RBI has always been strict on the terms and conditions and has imposed many unpopular regulations on the use of PayPal in the past. But it often gets overbearing with its rules.Ĭonsidering some potential security issues, RBI introduced certain guidelines due to which PayPal could not operate as smoothly in India as it could internationally. RBI, being the apex authority of India’s monetary affairs works with the best intention to maintain the existing security protocol of online payment mechanism.

How to Create PayPal Account with Debit card in India? Step by Step with images.

Why Indian Debit Cards are Denied in international Payments?.

What Kind Of Indian Debit Card Does PayPal Accepts?.

How Indian Debit/Credit Cards Work in Online Payment Mechanism?.

Using PayPal in India: PayPal India Rules & Regulations.

If you’re only interested in the steps required to create a PayPal account, feel free to skip to #8 in the list given below. Hence, this is going to be a lengthy post for you. Therefore, I’ve mentioned all vital aspects of PayPal sign-up process.

Learn more about it here.While anybody with a debit/credit card and a PAN number can open a PayPal account, they may not enjoy the same privilege as PayPal users in other countries. The PayPal Debit Card lets you spend your PayPal balance in store anywhere Mastercard is accepted. Whether you're an avid online shopper or simply someone who wants to leave their wallet at home, virtual debit cards give shoppers a seamless, convenient, and secure way to shop.

Learn more about why it’s important toĪdd your expenses into your personal budget. Some virtual debit cards let you set spending limits, helping you keep up with your budgeting and personal finances.

The card in your digital wallet is protected by your phone password and, in some cases, your app login, which may help keep it safe if your phone gets stolen. Virtual debit cards can't get physically lost or duplicated like physical cards. Because they are easier to administer by banks and online providers, virtual debit cards can sometimes carry lower fees than those of a traditional card. Cards can be generated and activated instantly, so you can start spending from a linked account without having to wait for a card to arrive in the mail. Here are the benefits you can take advantage of with virtual debit cards: Virtual debit cards are a great option for people who don't want to carry a physical card or want to make it easy to shop online and with their smartphone.

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