I'm planning to verify my Paypal account with a Vcc so I can buy from Godaddy. Is it done when I just click "Add new cc" and enter the details of my new vcc? Is there any troubles I might get for using vcc in my account?
I believe GoDaddy will ask you for a credit card when you purchase through them for verification purposes even if you are going to fund the purchase through paypal. The only thing I can see is that most VCC offered here are by people using their own personal Indian HDFC Netsafe account to generate the VCC. This VCC is supposed to be for their own exclusive use and would be against their bank's policy to offer them for sale. If Paypal finds your account suspicious, they may require you to submit credit card statements and you probably would be screwed because the VCC offered do not come with any bank-issued VCC, the only statements are created in photoshop.