Called PayPal for my business account and explained them the situations. The guy suggested me to open a Personal account and use the same PAN, my personal bank ac and name and keep the business rolling, until this is fixed. And he said, there are no limits in Personal Account, except money sending via Credit card. Is there a limit on money receiving or withdrawing ? So, can anyone confirm that please ?
As i know personal accounts are working fine and those too who have pan numbers on there firm name. Problem is with solo proprietorship firm and done have pan number of there firm name. Do they given any deadline when this problem will solved. I am also having same problem Mandeep.
Yes, In your personal account, you can accept only 5 CC payments per year and fees are higher for that. Previously there were some withdrawals limit in personal accounts but I think they have already lifted it.