Hi I have a Indian paypal account and my question is that what do i need to enter in "Purpose for Withdrawal" Can i select any option while withdrawing?
Yes basically you can select any option. But most of the people select "Advertising and Market Research" option.
Just select the appropriate option. I generally use the option "Software Consultant" while withdrawl.
It depends on service you offer for which you are using paypal. Select best suitable option at the time of withdrawal. DON.
While withdrawing, I guess there is nothing to mention as a reason. I dont get this option in my part of the world. Yes the first time I had to give the reason to my local bank, after the paypal payment arrived. I gave the reason as personal or travelling, dont remember now.
Yes honey, my local bank asked for the first transaction I did, later on they never asked me. Actually I was amazed too as why would they require a reason, however they said, its a Government policy as whatever money comes in dollars have to be scrutinized, weird, isnt it? Well, I stay in China
Can't comment about the PayPal's withdrawal rules for China but, for India you have to select a reason for withdrawal every time you withdraw money from PayPal to your local bank account, as far as 'which option to select' is concerned - you can select any option which best suits the services you offer...