Which Purpose Code to Use for Withdrwing Funds Received from Hotfile And Sharingmatri

Discussion in 'PayPal' started by jagan1981, Jun 10, 2010.

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  1. #1
    Just 2 things i want to know from people who have been using Hotfile/Sharingmatrix or Depositfiles and getting payments...

    I have got some 300% in my PP account..i had withdrawn once to my SBI Account back in november 2009. Now i want to withdraw again

    1. Which is the most relevant Purpose Code?

    2. Can i still withdraw with an Unverified Account and without a PAN Card No without any problem?
     
    jagan1981, Jun 10, 2010 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    As of now you can withdraw without entering PAN CARD as its optional currently.

    DON.
     
    deluxdon, Jun 10, 2010 IP
  3. jagan1981

    jagan1981 Well-Known Member

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    #3
    Its not verified either...Will it hurt me later if i withdraw now?

     
    jagan1981, Jun 10, 2010 IP
  4. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #4
    Nope. But if you want to use paypal for a longer period then i suggest you to verify it now to avoid any issue in future.

    DON.
     
    deluxdon, Jun 10, 2010 IP
  5. jagan1981

    jagan1981 Well-Known Member

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    #5
    And which purpose code to use bro?

     
    jagan1981, Jun 10, 2010 IP
  6. roopajyothi

    roopajyothi Active Member

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    #6
    roopajyothi, Jun 11, 2010 IP
  7. Bohra

    Bohra Prominent Member

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    #7
    You can choose any rite now it looks like a formality,
     
    Bohra, Jun 11, 2010 IP
  8. roopajyothi

    roopajyothi Active Member

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    #8
    Oops!
    I hope IT will be suited if we have added PAN Card
    But freelancers are exempted from tax upto 8 lachs a year
     
    roopajyothi, Jun 11, 2010 IP
  9. Bohra

    Bohra Prominent Member

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    #9
    well are u sure ? i personally use software consulting.. by choose any i mean anything which is nearest if not exact
     
    Bohra, Jun 11, 2010 IP
  10. jagan1981

    jagan1981 Well-Known Member

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    #10
    i chose data processing i remember
     
    jagan1981, Jun 12, 2010 IP
  11. bloodmage478

    bloodmage478 Member

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    #11
    your pp account will be banned soon, make sure to withdraw money as soon as you get it if you are an indian
     
    bloodmage478, Jun 13, 2010 IP
  12. Bohra

    Bohra Prominent Member

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    #12
    this is not at all true
     
    Bohra, Jun 13, 2010 IP
  13. mrockz619

    mrockz619 Peon

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    #13
    You can use any code , as they just need a reason for withdrawal , no issues on purpose code

    wat r u upto ?? do you have any idea wat u talking ??
    @op
    Dont worry nothing will happen but its recommended , if you add a pan card and verify your a/c , as unverified has a withdrawing limit
     
    mrockz619, Jun 13, 2010 IP
  14. jagan1981

    jagan1981 Well-Known Member

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    #14
    @ rock.....i dont transact much...i only get payments from depositfiles and sharingmatrix once in a month and then i withdraw it...this just happens once in a month
     
    jagan1981, Jun 13, 2010 IP