njs-btc
--
Bullish
PayPal in India focuses exclusively on international transactions.
🔸️ For Individuals & Businesses: Primarily used for receiving payments from abroad (e.g., freelancers, online sellers) and making payments to international merchants.
🔸️ No Domestic Transfers: PayPal does not support domestic payments within India.
🔸️ Fees: Charges apply for receiving international payments, including a transaction fee (around 4.4%), a fixed fee, and a currency conversion markup (around 4% on exchange rates).
🔸️ KYC Required: Users must verify PAN and link an Indian bank account to receive funds. A "Purpose Code" is also needed for regulatory compliance.
🔸️ New UPI Integration: PayPal is launching "PayPal World" to allow Indian users to make international payments using UPI, simplifying global online shopping.
🔸️ For Individuals & Businesses: Primarily used for receiving payments from abroad (e.g., freelancers, online sellers) and making payments to international merchants.
🔸️ No Domestic Transfers: PayPal does not support domestic payments within India.
🔸️ Fees: Charges apply for receiving international payments, including a transaction fee (around 4.4%), a fixed fee, and a currency conversion markup (around 4% on exchange rates).
🔸️ KYC Required: Users must verify PAN and link an Indian bank account to receive funds. A "Purpose Code" is also needed for regulatory compliance.
🔸️ New UPI Integration: PayPal is launching "PayPal World" to allow Indian users to make international payments using UPI, simplifying global online shopping.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0