HOW TO REGISTER PAYPAL ACCOUNT AND VERIFY PAYPAL ACCOUNT
PayPal is one of the most secure & popular online payment processor used internationally for online money transactions & online shopping.
PayPal has 2 types of accounts – personal and business. As a citizen of India & as per rule of RBI, one must need to verify PayPal Account to accept international payments to their own local bank account.
The websites we are working here will use to pay us via these Payment processors and it is necessary to have one account with them.
No worries about being scammed because all your account related details will be kept confidential and secret.
Steps To Create Your PayPal Account
First of all, head over to PayPal.com and click on to “Sign Up” to create your PayPal account.
On the next page, you have an option to select between a “Personal and business account“. For bloggers, I would recommend you to start with personal account and if you ever need a business account, you can instantly upgrade it from PayPal dashboard.
On the next page you need to sign up by filling up a form, you can enter your Credit/Debit card detail then or can skip it for later to send Payment. Do remember, when you open a Paypal account in India, it’s a limited PayPal account. You can use it to send Payment to anyone using your Credit or Debit card, but to receive Payment you need to complete these 4 tasks:
- Add your PAN card
- Confirm your Email (When you sign up, you will get an Email from PayPal to confirm your account)
- Add bank account (This will be the bank account where your Paypal money will be withdrawn to)
- Purpose code (From the long list, select the purpose on which you are receiving payment on your Paypal account)
Here is the link to the page which you can access anytime to see if any verification is pending for your account.
Pan Card :
Your Pan Card name should be same as your PayPal account name. If you are a minor without a Pan card, you should open a PayPal account in the name of your parents.
Linking Bank account to your PayPal account:
This process will take 2-3 days if you initiate now, so I suggest you to create your Paypal account right away, as if in future you need to receive money from any of advertising company or client, you don’t have to wait then. Click on Start in front of Add bank account and you will be taken to the next page where you need to enter just few fields such as :
- Your Name
- Your Bank account
- Your bank IFSC code. (If you don’t know the IFSC code of your bank branch, simply go to your bank official site and search for it). If not, Search in Google with “Your Bank Name, Branch and IFSC code”. Ex: ICICI Bank, VasantKunj IFSC code”. You can also select No in front of “Do you know your bank’s IFSC code?”, and select your bank, state and branch using Drop-down from there.
Once you are done adding the bank account detail, Paypal will send you 2 small deposits in your bank account. After receiving the deposit (In my case it took only 24 hour to receive two small transactions), you need to login to your PayPal account, click on verify at top and enter the amount to complete verification of your Bank account and PayPal linking.
Add PayPal purpose code:
Next step is to add the purpose code for your transactions. If you are receiving Payment for affiliate commission or advertising, select “Advertising and market research” or select what is appropriate in your case. However, this will be your default purpose code, and at the time of withdrawing money from PayPal account to your Bank account, you can select any other.
Note: Money in your Indian PayPal account will be withdrawn automatically every day. You can also manually withdraw money to your bank account. Usually it takes 5-7 working days for money to be credited in your bank account.
Linking Credit Card/Debit card with PayPal account:
When you are linking a credit card to your PayPal account you will face no issue. You can always add a new one, edit old one or remove old one by going to Profile > Link/edit credit card. Debit card from selected bank works fine with PayPal and according to users comment, these are the Indian bank debit cards that I’m aware of which works fine with PayPal. (If you know of other bank Debit card, let us know via comment).
- Axis Bank
- ICICI Bank.
- HDFC Bank Platinum Chip Debit card
- CITI bank
While adding ICICI bank debit card if you see this error:
“The bank that issued your card didn’t approve this transaction. Please contact the card issuer’s customer service department if you have any questions. Or you can add a different card now to continue.”
You need to call up their customer care and ask them to enable the international online transaction. Or you can also SMS INTL to 5676766 from your registered mobile number & it will enable international transactions.
For other bank debit cards, in most of the cases they will say it’s an international debit card, which works fine when doing a transaction at ATM, but you need to ask customer care if you can use the card for online transaction without 3D secure pin verification. If not, ask them to enable it. If they can’t, it’s time to change your bank.
Alternate methods of activating your PayPal account:
Credit card:
Many bank issues credit card in lieu of fixed deposit. For example you can open a fixed deposit of 40K and you will get able to get the credit card with limit of 32K. I got my first credit card like this and it worked perfectly fine. Especially if you are building a career online, you should have a credit card.
When you add a new bank account or a credit card, you also need to complete the verification by the method given below. It’s easy & increase your PayPal limit
VCC (Virtual Credit Card) :
Rajat has covered about virtual credit card in detail here. Few bank like HDFC issue VCC, Kotak issue Kotak Netc@rd, you can use that too for activation of your PayPal account. You need to ask your customer service or check in your bank official website to see if they offer VCC or not.
Other method which I found online is using Entropay service. ( If you are aware of Entropay works for Paypal, let us know via comments)
Create your free PayPal account
I hope this guide helped you to know everything about creating and verifying your PayPal account. If you have any query or want to share more tricks related to PayPal, let us know via comment.
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