PP : Bank transfer (India)

Discussion in 'Payment Processing' started by sydzapp, Oct 21, 2009.

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  1. #1
    I have a friend whom i need to pay $170. I've asked him to open a Paypal account and i'll be paying him soon after.
    The problem is, he needs money to be transferred to his 'Corporation Bank' account, he doesn't have online/net banking available/enabled.
    Can he still transfer this money from PP to his bank account without any problems?
    Am a noob in banking related, help would be appreciated :)
     
    sydzapp, Oct 21, 2009 IP
  2. infogle

    infogle Prominent Member

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    #2
    Yes, i do think he can still accept money in his account - but just be sure does paypal supports transfer to corporation bank - if yes then it will be easy - no hassles

    Hope it helps...
     
    infogle, Oct 21, 2009 IP
  3. Bohra

    Bohra Prominent Member

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    #3
    As long as bank has IFSC code he can transfer directly from paypal if he is ur friend why dont u withdraw it directly and pay him cash
     
    Bohra, Oct 21, 2009 IP
  4. Dhaval1983

    Dhaval1983 Peon

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    #4
    Yes, he just need to add bank account details to his paypal account and all set. No worry.
     
    Dhaval1983, Oct 21, 2009 IP
  5. sydzapp

    sydzapp Well-Known Member

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    #5
    Can we request a bank transfer from an unverified PP account?
     
    sydzapp, Oct 21, 2009 IP
  6. Feizar

    Feizar Prominent Member

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    #6
    yes you can request, 2500$ per month is the withdrawal limit
     
    Feizar, Oct 21, 2009 IP
  7. marrya

    marrya Well-Known Member

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    #7
    HEY first ask your friend to confirm the bank account with paypal other wise when the account is not confirmed with it and he receives payment he may be asked for cc verification from paypal so let him confer or link the bank account first
     
    marrya, Oct 21, 2009 IP
  8. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #8
    Verification of indian bank account not available currently :rolleyes: Only verification through a valid CC option is available for indian paypal account.

    DON.
     
    deluxdon, Oct 21, 2009 IP
  9. ambi.presario

    ambi.presario Well-Known Member

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    #9
    yes you can but if u r opening a new account and immediately adding 170$'s means PAYPAL may limit your account..

    Be aware!!
     
    ambi.presario, Oct 21, 2009 IP
  10. Traffic-Bug

    Traffic-Bug Active Member

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    #10
    If bank account has IFSC routing code (ABA etc.) then it can accept incoming payments from Paypal.
     
    Traffic-Bug, Oct 21, 2009 IP
  11. powerboss

    powerboss Active Member

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    #11
    You can transfer funds to Bank account where the paypal acc name and bank account are same. If you want to send funds to your friends bank account from your pp acc, i say it will not be possible.

    You transfer funds to your bank account and pay him.
     
    powerboss, Oct 21, 2009 IP
  12. sydzapp

    sydzapp Well-Known Member

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    #12
    Yeah, i thought of that.

    Another question regarding the bank, i did some research and read at many places that PP has support for only some Indian Banks in which Corporation bank is not included.

    While ebay.in here says the following :

    Corporation bank has NEFT enabled.

    While a 2 year old Article from Geeklord says:

    Another option I have is I have a SBI account that i haven't linked to my account yet, can i link it say 'today' and transfer the money today itself with no problems on both Paypal's and SBI's side?

    Which do you guys recommend, taking a risk with Corporation bank or Going ahead with SBI(State Bank Of India)??
     
    sydzapp, Oct 21, 2009 IP
  13. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #13
    I suggest you to add your SBI account and then withdraw funds from your paypal account to your SBI account today.

    Don't forget to add bank account name,account number and IFSC code properly at the time of withdrawal.

    DON.
     
    deluxdon, Oct 21, 2009 IP
  14. sydzapp

    sydzapp Well-Known Member

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    #14
    I'll do that. Thanks :)
     
    sydzapp, Oct 21, 2009 IP