Upgrading PayPal Acccount without Credit Card Details
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ravi_9793
TechTin.com
It works..............^^ The HDFC VCC cannot be used to verify paypal as HDFC does not return expunse nos. for the transaction. So, paypal might accept the card, but you still cannot verify because your expunse no. never reaches you.
I've personally tried it few months back.
yes....paypal account can be upgraded without CC..but you cant escape form transaction charges.
LOl...you want everything without loosing anything. paypal also need to earn.
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Sukhdeep Singh
Host4Cheap.org
LOl...you want everything without loosing anything. paypal also need to earn.
Not quite right there Ravi, Personal accounts are not charged fees
ravi_9793
TechTin.com
He want to upgrade paypal account..and also dont want to pay extra charge of paypal. But after upgradation, the account will be either premium or business...and in these accounts there is some transaction charge of receiving money either via paypal or credit card.Not quite right there Ravi, Personal accounts are not charged fees
DigitalDude
PhotonAttack
one thing I would advise is dont go for VCC.. If you want to start a dispute resolution (in case some one cheats you when buying a product online by paying through paypal and you want your money back) with paypal and you have verified your account with a VCC there is a high probability that you would lose that dispute. These VCC transactions are banned in digital point forums so there is some thing fishy. I wish they are also banned in this forum - I mean selling them in bazaar section and not the discussions about them
and there is no harm in verifying your paypal account with your own credit card details. I have a premier paypal account (for almost a year and a half) verified with own credit card I have even added two of my bank accounts for withdrawal and they are all pretty safe. I use a temporary email id for some amount of transactions and remove that id from paypal. for next few transactions I use another email id. I'm also pretty pragmatic.
anyway there is nothing wrong in being extra safe
and I guess in a matter of few months they might enable verification of account through adding bank details but not sure as the source of news is not familiar to me.
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and there is no harm in verifying your paypal account with your own credit card details. I have a premier paypal account (for almost a year and a half) verified with own credit card I have even added two of my bank accounts for withdrawal and they are all pretty safe.
I use a temporary email id for some amount of transactions and remove that id from paypal. for next few transactions I use another email id. I'm also pretty pragmatic.anyway there is nothing wrong in being extra safe
and I guess in a matter of few months they might enable verification of account through adding bank details but not sure as the source of news is not familiar to me.
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din
Tribal Boy
@DigitalDude
100% agree with you even though I explained the VCC method. My main paypal account which I created 4 or 5 yr back use a real CC, I use that paypal account a lot and no problems at all.
And yes, regarding the dispute, there is a chance. That is a very valid point.
Mods please review the terms and details and lock / delete this thread if needed. I am ready to delete my posts as well. No problems.
Edited by Din : Reason - Removed all posts of mine that is related to verification using VCC
100% agree with you even though I explained the VCC method. My main paypal account which I created 4 or 5 yr back use a real CC, I use that paypal account a lot and no problems at all.
And yes, regarding the dispute, there is a chance. That is a very valid point.
Mods please review the terms and details and lock / delete this thread if needed. I am ready to delete my posts as well. No problems.
Edited by Din : Reason - Removed all posts of mine that is related to verification using VCC
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OP
drgrudge
Another Brick in the Wall
Ok, let me tell that I don't have a Credit Card. Is it possible to verify using my SBI Debit/ATM card?
And if I upgrade, do I need to pay PayPal for the transaction? None answered it! Even if PayPal do charge, I guess I have no choice but upgrade my account.
And if I upgrade, do I need to pay PayPal for the transaction? None answered it! Even if PayPal do charge, I guess I have no choice but upgrade my account.
din
Tribal Boy
@drgrudge
1. No you can't use your SBI debit / ATM card for Paypal verification.
2. If you upgrade (that is form personal to premier or business account), yes paypal will charge for transactions.
3. If you are not expecting lot of $$ or not expecting any CC payments (People need not have a paypal acocunt to pay using paypal, they can use their CC to pay), then no need to upgrade. So there will not be transaction fees.
4. If you are expecting CC payments (you are at receiving end) or you are expecting lot of $$$, or frequent transactions, you should upgrade to Premier / Business. And yes Paypal will charge for transactions.
5. Paypal allow a limited number of CC payments (I mean receiving) for personal accounts. I think 3-4 times ?
6. In short, the account type depends on your type of use / frequency.
1. No you can't use your SBI debit / ATM card for Paypal verification.
2. If you upgrade (that is form personal to premier or business account), yes paypal will charge for transactions.
3. If you are not expecting lot of $$ or not expecting any CC payments (People need not have a paypal acocunt to pay using paypal, they can use their CC to pay), then no need to upgrade. So there will not be transaction fees.
4. If you are expecting CC payments (you are at receiving end) or you are expecting lot of $$$, or frequent transactions, you should upgrade to Premier / Business. And yes Paypal will charge for transactions.
5. Paypal allow a limited number of CC payments (I mean receiving) for personal accounts. I think 3-4 times ?
6. In short, the account type depends on your type of use / frequency.
DigitalDude
PhotonAttack
nope I tried verifying with my SBI ATM debit card even with ICICI Visa Debit card both doesnt work with paypal
btw no one can escape from paypal transaction charges (except a personal account which has limited features and limits
)but there are no charges for payments you make
and yeah paypal sucks when it comes to transaction charges and currency conversion rates
now I was trying moneybookers.com for some time but cannot add my cc or bank account details... or else it also a good alternative for paypal
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max_demon
IM AS MAD AS HELL!!
the simple method - Add VCC , Verify your paypal , Remove CC . u r acc. will still be verified , and it won't ask for any statements *if* needed
e-gold is the second best option but if it is blocked ( many times in bsnl )
moneybookers is the best way . i can easily withdraw money to my bank in 4-5 days . we cn verify moneybookers without cc or bank . just they will send confirmetion letter address . and just we have to enter codes .
e-gold is the second best option but if it is blocked ( many times in bsnl )
moneybookers is the best way . i can easily withdraw money to my bank in 4-5 days . we cn verify moneybookers without cc or bank . just they will send confirmetion letter address . and just we have to enter codes .
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OP
drgrudge
Another Brick in the Wall
Thanks for the reply din.
I'm expecting to receive money multiple times a year. Say 6-9 times a year. I need to lift the restrictions as I've withdrawn a close to $600 (and around $300 is in my account) and I'm expecting more. What if I receive less than $3500/year. But then I can't withdraw more than $500/month? I can keep using without upgrading? So all the restrictions for a year only?
In case I need to upgrade, what options do I've? I don't have a CC. Can I use others CC (like my parents)?
din
Tribal Boy
@drgrudge
Personally I recommend you to go for Premier or business (if you are not selling anything online with a business name, premier is the best) paypal account. The fees are not that bad actually.
And yes, you can add your parents card. Here is the trick, this does not seems illegal !
Actually by checking ur name, seems no trick needed !!!
ok, here it is
I am not sure whether you will like your real name to be posted here, so I use some sample !
Your name - Firstname Lastname
Lastname = your Dads name and your Dad has a CC I presume ?
Now, create a paypal account with your name and Dad's address. Remember you can't change your last name in paypal plus the address should be the one which is associated with the CC
And it will work for sure. Try it.
Personally I recommend you to go for Premier or business (if you are not selling anything online with a business name, premier is the best) paypal account. The fees are not that bad actually.
And yes, you can add your parents card. Here is the trick, this does not seems illegal !
Actually by checking ur name, seems no trick needed !!!
ok, here it is
I am not sure whether you will like your real name to be posted here, so I use some sample !
Your name - Firstname Lastname
Lastname = your Dads name and your Dad has a CC I presume ?
Now, create a paypal account with your name and Dad's address. Remember you can't change your last name in paypal plus the address should be the one which is associated with the CC
And it will work for sure. Try it.
DigitalDude
PhotonAttack
infact first I verified my account with my mom's cc only
and from whom you are receiving funds?? if you are receiving lot of money in dollars in your bank account as a compensation for your services provided to any foreign entity, an IEC (Importer Exporter Code) is required. I dont know how strictly these things are followed but some banks might question the source of funds in foreign currencies (if significant) unless you have an IEC.
but this IEC is not needed for Google Adsense since they pay in INR. I'm myself higly confused about this stuff.. its better to check out with a CA and bank branch. I doubt many strictly follow this. and I dunno if our relations send money through paypal.. dunno how it works out legally.
these things come into picture if you are an Income Tax assesse.
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and from whom you are receiving funds?? if you are receiving lot of money in dollars in your bank account as a compensation for your services provided to any foreign entity, an IEC (Importer Exporter Code) is required. I dont know how strictly these things are followed but some banks might question the source of funds in foreign currencies (if significant) unless you have an IEC.
but this IEC is not needed for Google Adsense since they pay in INR. I'm myself higly confused about this stuff.. its better to check out with a CA and bank branch. I doubt many strictly follow this. and I dunno if our relations send money through paypal.. dunno how it works out legally.
these things come into picture if you are an Income Tax assesse.
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din
Tribal Boy
@DigitalDude
It goes like this.
1. The declaration is needed if the amount is considerable. I do not remember it correctly, talked to one of my friends who is working in RBI, but it was a high amount. So for normal transactions it does not matter. I think it was USD 25,000.
2. The check paypal send or when you withdraw paypal cash into Indian bank account or Indian Debit / credit cards, it is getting converted to INR, so no need to worry on the foreight currency I guess.
3. Before everything had to do with RBI,now most banks handle it, I mean we need to give some declarations to our bank only, no need to contact RBI any more. Again I am not sure about the limit but sure, no need for people getting small amounts.
4. Yes, this comes under IT and we need to pay Income Tax if the amount exceeds the limits.
It goes like this.
1. The declaration is needed if the amount is considerable. I do not remember it correctly, talked to one of my friends who is working in RBI, but it was a high amount. So for normal transactions it does not matter. I think it was USD 25,000.
2. The check paypal send or when you withdraw paypal cash into Indian bank account or Indian Debit / credit cards, it is getting converted to INR, so no need to worry on the foreight currency I guess.
3. Before everything had to do with RBI,now most banks handle it, I mean we need to give some declarations to our bank only, no need to contact RBI any more. Again I am not sure about the limit but sure, no need for people getting small amounts.
4. Yes, this comes under IT and we need to pay Income Tax if the amount exceeds the limits.
DigitalDude
PhotonAttack
thanks din that cleared a few queries in my mind.
actually all my questions originated after seeing this thread in DP forum *forums.digitalpoint.com/showthread.php?t=85595 and once I asked a CA guy in my father's office he said if you get paid in dollars you need IEC so I was seeking more info on this....
but yeah DIN you are right according to discussions in this thread *forums.digitalpoint.com/showthread.php?t=737786 (this was started recently in march and somehow I missed reading it )
thank god I got some answers today hehe
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actually all my questions originated after seeing this thread in DP forum *forums.digitalpoint.com/showthread.php?t=85595 and once I asked a CA guy in my father's office he said if you get paid in dollars you need IEC so I was seeking more info on this....
but yeah DIN you are right according to discussions in this thread
*forums.digitalpoint.com/showthread.php?t=737786 (this was started recently in march and somehow I missed reading it )thank god I got some answers today hehe
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