Paypal a/c

[quad_master]

i supposed to receive certain amnt from UK...they preferred paypal a/c...i heared abt it bt havent used it till date...
1. is personal a/c is suffice to receive payment...say 10000 INR
2. how can i withdraw money after payment is received...im lil bit confused here bcoz u need a credit card to open a paypal a/c......any way to transfer the amnt to my HSBC a/c??
3. any tax need to pay to our govt.???

plssssssssssss help me...i really need it...

 

[neogen]

1. Yes, you can receive 10000 INR in personal account.

2. No, you don't need credit card to open PP account, you need it to verify your account! You can link your Paypal account with HSBC bank account number from here you can withdraw if to your bank account online. Paypal sends INR money by NEFT which usually takes 4-5 days.

3. Yes, you have to pay Paypal conversion fee which is usually 5-6% of the amount you are going to receive if payment is made using credit card. Moreover, currency conversion fee may incur in your case.

 

[quad_master]

^^ thnx buddy....
got some confident...