Hi, I have a personal paypal account and i have specified it for receiving $700. I want to know whether i can receive this money with a personal account.
If you have verified your paypal account, you can easily receive that amount. If not, the limit is $500 per month. I strongly recommend that you verify your Paypal account. Come to think of it, when you link up your bank with Paypal, it should get verified.
You can receive as much as you want...Just $500 sending limit.So you have to use ur account to verify ur paypal first...
if that account details is real then its fine. and u can withdraw money to bank btw u can spend 500$ only
The first thing you should tell us is that which country your paypal account is belong to? The second thing is that you verified it or not?
I am in India. I dont understand what exactly is meant by a "verified paypal account". I have entered my credit card details and verified it. I am still in the process of linking my bank account. Secondly, what do you mean I can spend only $500? If i receive my payment of $700 I withdraw how much to my bank account?
If you have already verified through your credit card by entering the four digit paypal code from your credit card statement, then your paypal account is perfectly verified and there is a limit of withdrawal of $ 2500 per month for your verified personal account. If you want no limit restrictions, then you need to upgrade your personal account to premier/business account. In the mean time, just link your bank account and you would be easily able to withdraw $ 700 from your verified personal account. Regards, RightMan
But I think i saw somewhere in paypal the limit for transaction for a personal account is $500 only??
Nope....500$ just for unverified paypal. As you said you have entered ur credit card details....So you Monthly Check Withdrawal Limit is $2,500.00 USD
Thanks for these info.. I still have a number of questions so i'll be glad if u guys can help me.. 1. I am in India. So when linking my bank account will paypal send me money in INR or USD? If they send in USD how do I enter the EXACT amount to verify my bank account? 2. What should I keep for the primary currency of my personal paypal account? I have kept my primary currency as USD. 3. Paypal says "Personal accounts have a limit on the number of credit or debit card funded payments received per year". I dont understand what is meant by this. I receive my payment from CPAlead (an advertising company). So will I be able to receive this with a personal account or not?
Don't need to worry. When you will attach your bank , you will get money in INR , with deduction of currency conversion fee. The transiction and amount transfer will be in your paypal account statement. Don't worry about primary currency. Don't worry about limits of funding , if your company pay you in paypal , no worry about it.
1) INR no need to worry abt USD 2) USD 3) u can receive 5 payments from cc based payments after that u cant recieve cc payments only paypal funds u can receive if CPAlead issues payment thru their paypal funds (mass pay ) then its fine other wise 5 limits apply
There is some confusion in your mind You can't verify your paypal account using indian bank account. You need valid Credit Card for that. And for bank withdrawal - Paypal send funds in INR to your indian bank account. DON.
As I said earlier I have entered my credit card details and verified it. In paypal it is stated than when linking a bank account paypal will send two random transactions to my bank account. But when I linked my bank account no message was displayed in my paypal account that they will send the random transactions. So should i check my bank account for the random transactions? Or is my bank account linked?
That is not for Indian Paypal account mate. Indian paypal account holders add their bank account just for withdrawal purpose nothing else You can't upload funds from your indian bank account to your indian paypal account. DON.
You can check it yourself: 1 - Login to your Paypal account 2 - Look at "Paypal Balance" box and see if there is a "View Limits" link or not 3 - If yes: click on that and you will see your limits. If no, there isn't any limit on your account. Hope mine help!
Yes, you can't add indian bank account to upload fund. The process which you are stating is for U.S account.
Since your account is already verified, paypal will no longer send any random transaction.(It does so, only when accounts for US citizen are to be verified) Once you have entered your bank account details, it gets automatically attached and you are ready for withdrawal to it! Regards, RightMan
and when all the verification process is finished, you can directly withdraw the money to your designated bank account india and wait for 7 days to get the money to enjoy