Paypal FAQs Answered For Users In India

Yes it should not match your paypal name

My paypal name is ABCD
My Xoom name is XXXX
MY bank account name is ABCD

This is what I have

 

So you send it through bank account? I'm using different method though. Anyway thanks I will keep you updated on what happen to my transaction later today.

 

I guess he recvd directly in bank account

If they happen to check the transaction then they can find as " ABCD " is sending money to "ABCD " < assumed name > .. though not very sure about it . Keep us updated .

 

It think Xoom will not find out the paypal funders name as I have a Indian verified paypal account

I am sending only small amount in the sum of $100-$200

And I think they will find out When I send in the range of $750-$1000

 

Just as a precaution:
It is illegal according to Indian Law to transfer money or Receieve money through Sites like times or xoom.
I dont have clear idea but i had read it somewhere.

 

I think yes it is but do not send more than $1000 or $500 they can grew suspicion about the transaction


and transactions under $250 will not attract anybodysattention

 

It is not illegal if the sender is a valid US/Foreign citizen.

 

Then what about soemof the members (including me) since we receiving the money via Xoom

 

Don't u guys know there are things like IEC CODE OR STPI ??
I am dealing with my CA and will also contact the Foreign Ministry department for this. I am making a complete guide for this.

 

Yes sure make a complete guide for this as it will help all of us

Because there is a lot of red tapism involved in it and we do not know any thing about it

 

Hey Freewebspace u helped me alot re i will include u in my list.

 

Yes today i visited to their office.
They have a BIG process of giving the IEC
but it is confirmed that the charges are Rs. 1000 ++ Agent charges if u want
i will inform u if i got a agent and i have to visit few Govt Places for the info collection.. there is also one online site but will have to take a look at REAL PROCESS....

It is not that complicated but let me resolve it myself first..

 

You are doing a great service

update about this process here

 

A very nice thread.. helped me alot since i dont even have a paypal a/c yet nor a bank a/c.

I am thinking of makin a paypal a/c now.. but will still wait for a little more information.. thanks alot guys.. keep up the good work

Thanks,
Zeazt

 

You are always welcome....

 

i have an unverified paypal account.can i verify that account with gcard , will the limits be lifted?and is the creditcard necessary to verify paypal.

 

Yes.

The sending limit will be lifted, and monthly withdrawal limit increased to $2500.

Yes.

 

For virtual credit card, how is the $1.95 refunded?

 

After verifying, do my personal account remain for lifetime?
Because currently my account is unverified with total 3000 withdrawal limit for my account.

 

Do not believe... I never got it...It is paypal verification charges...Do any one got that refunded ?? If yes reply...

See look first of all u have to get Verified...
Next Your withdrawal limit will lift
next If u want u can upgrade ur Personal A/c premier

Every thing doesn't come for free or like that stuff..

And Yes 3000 Max Total for your personal....If any one have doubt about this please comment on this.. I read the things on paypal that's why i am saying this...