Hello all, This is daniel from India. I need to know something abt the money transaction process through paypal. Is this a best way to accomplish you motto? I got a bank account in State Bank of India (SBI). but right now I'm not aware of how to make a paypal ID and how I can recieve money from my clients abroad. what are the processes? can any one from India or outside plz help me regarding this topic? I'm desperately looking for some help. I hope this is the best way to get the way out!
Just go to PayPal.com and create an account, if you want to receive payments for personal use then get a Personal account and if you want to receive payments for business purpose then open Premium / Business account. You don't need any money for opening account but you need to add your Credit Card to verify the account. Unverified, you can receive unlimited funds but you can't send more than $100 to someone and withdraw $500 per month. When someone wants to pay you, just give them the Email ID that you got registered with in PayPal. Go through PayPal for more information.
Personally, I believe one should not use the Email Pay method to receive funds as that has caused a lot of people a lot of grieve. Since the Merchant Services are available for you, do make use of them. For standard priced product/services, you can use the 'Buy Now' button option from 'Merchant Services', for subscription, use the 'Subscription' option under 'Merchant Services' and for Ad hoc billing, use the 'Request Money' tab for 'Request Money' or 'Invoicing'.
i use my State Bank account on my PayPal account to deposit my money ot my SBI account.... but in your case i dont know what kind business you do.... so i will not suggest you to go for paypal as paypal have dark side and you can lose your money... so if you can, then please give us some more details on your business and customers.....