HI friends I am new to paypal. I want to clear some questions. PLs help me. I am from India and I have a premier account in paypal(not verified). I want to take money($2000) in paypal from some of my clients residing in US and Can. I want to know : How much money I can take in my paypal monthly? What are the ways to withdrawl it in Indian rupee and how much time it will take. Can I use VCC to verify pp account. IF yes then how much safe is it? Should I take payment in pp? How much safe is it to take payment in paypal? As Indians know Individual person can't take more than 50,000 wire transfer in India. It is illegal in India or you can be in trouble. Pls tell me which ways you are using to take payment from US or Can? And how much payment I can take from abroad without any obligiations of RBI or any another deptt.? What you think about Xoom? Is it legal to take payment via xoom?? Thanx in advance
Unlimited as long as your Paypal account is verified. Use xoom. Direct Bank Transfer using ECS doesn't take more than 2-3 days. Its safe as long as they don't ask you for the credit card statement. Don't take huge amounts in Paypal. They generally suspect accounts which get huge amounts and put them under hold until they complete their verification process. Sorry No ideas about this. I use xoom. No ideas about this too but make sure you pay the tax. Yes xoom is legal but not the pick-up option.
Almost all questions answered by Felu very well. Better to go with paypal verified through Credit card and if you don't have one then go and apply for it. If you pay taxes for your income then there is no obligations of RBI or any other department in India Xoom allowed india to india transfer but for that you have to select bank deposit or check delivery as disburshment option (Cash pickup is strickly not allowed for india to india transfer).