Hello all.I was in the middle of buying a site;the owner sent me an invoice and i had to pay close to 5000USD for the site.My paypal [personal account] is verified by adding bank account but i have got no credit cards.I have yuva card but as you know it does not accept it anymore. When i try to send money to the seller through the invoice,this message comes up: "To complete this payment, add a debit or credit card to your PayPal account. Your card will not be charged unless the transaction amount exceeds your balance." So,is there a way to send money to the seller without adding a debit card or credit card.There is enough funds in my bank account.Would that message not appear without an invoice?? Please help me out here guys.This is a life-changer for me
You need to either connect the bank account to Paypal or make an upload of funds, so that they are readily available in the Paypal system and you should be ok. But for some countries and for high value transactions, Paypal often want the added security from being able to bill a credit card.
i have enough funds in my bank account and that has been linked to paypal.My paypal funds are not enough,though.
But why i do not see the reason for such a thing.Why dont they just take money out of my bank account?In india,there is no way to add an international debit card.I have one,though And thanks so much for the help.
Use escrow for this. It's a huge risk and very expensive to use a credit card for a transaction like this.
How the escrow sistem work? Just curious. Never use one before. If it's not a trouble for you to explain it a little for me. Thx.
An escrow is basically a 3rd party that acts as an intermediate in a transaction. In your case the seller would transfer the website/domain to the escrow. At the same time you would transfer your money. Once both parties agree, the escrow releases the website/domain to you and the funds to the seller. After release the transaction is not reversible. This way both parties are protected if the other one tries to defraud the other, which is very common in selling websites. It's not the cheapest method of payment / transfer, but it's worth the cost for high $ website and other digital goods where you don't always know the other party.
Yeah, you are basically paying some extra for insurance and that an external, neutral party watches over your transaction and oversee that both the money gets sent and that the website is transferred. The largets escrow system, with the best reputation and so on, is probably escrow.com. Check them out, they are worth the little extra charge just for the added security - you don't want the other guy to just take your 5 grand and run. Don't be easily fooled! Split the escrow fees 50/50, that's fair since it's benefitting both of you.
RBI does not allow Paypal to directly debit from an Indian Bank account and it can only debit your credit card for payments done in excess/more than your Paypal funds. Hence Paypal requires you to add a credit card and complete the transaction! Regards, RightMan
"RBI does not allow Paypal to directly debit from an Indian Bank account " Is that really true?can anybody confirm this for me?So,that means even though i have more than 10kUSD in bank account,they are going to charge my credit card ????
Exactly.... and I see no harm why you should be worried over it as credit card funds do come free for about a month by which time you can easily pay up your credit card dues from your bank account without any additional interest cost! Regards, RightMan
wow ... that is absolutely right.I do not know why i did not think of that.thanks so much But again Rightman,i want to ask you one thing.Do you think it is the right thing that RBI does not allow paypal to debit from indian bank accounts?I think other countries allow it,right?They allow the international debit cards to be added to paypal as well. thanks again.
As far as I am aware, Paypal is yet to take necessary approvals (read... license) from RBI to do business (finance) in India and hence it is not allowed to directly access bank accounts! Regards, RightMan