Hey, If I convert my account to a business account with a business name, will the withdrawals be made to the business name or my personal name? For example, My personal name is PERSONAL, and my business name is BUSINESS, and I withdraw to a cheque, will the cheque come to my business name or personal name? What about bank withdrawals?
If you will have a business account in PayPal you will need to have a bank account in name of your company as this is where you will receive your funds. Likewise the cheque will be on your business name not your personal name
What if my business name is my real personal name? Then I can withdraw to my personal bank account, right?
in my pp account i have added saving account (Personal name) and current account(Business name). i can easily withdraw funds on my both accounts.
Thanks for the input guys. I already withdrew to my bank account using <FULL_REALNAME> <fakelastname> when adding the bank account to my paypal, since I read somewhere that RBI doesn't require name matching in NEFT anymore. If that doesn't work i'll convert to business using my name, and try withdrawing to that. Will keep you updated ^_^
The transaction shows Completed, but it hasn't reached my bank account yet. I called up the bank, they didn't know about paypal(obviously ), so I asked about NEFT transfers(which paypal uses) - The bank said that it takes upto 24 hours for it to show up in your account after the other side shows Completed. What do you guys think? If it shows completed i've definitely got the money in my account even if it didn't show up yet? I requested it just yesterday(26th september) at around 1PM. Checked on 27th september at around 7PM when it showed completed.