paypal will charge you fee regardless of your account status, verified or unverified, if you receive funds through credit card payment.
Upgrading PayPal Acccount without Credit Card Details
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paypal will charge you fee regardless of your account status, verified or unverified, if you receive funds through credit card payment.
DigitalDude
PhotonAttack
Ankur Gupta
Wandering in time...
I don't think there are any charges if you receive money in your paypal account through another paypal account even if you are verified.
DigitalDude
PhotonAttack
Ankur Gupta
Wandering in time...
But getting a Personal Account verified does not mean it gets upgraded to a Premier or a Business account.You need to upgrade to that separately if you require it.
After verification you limits get increased, that's it.
So you still do not pay for sending/receiving money to/from paypal accounts.
DigitalDude
PhotonAttack
I know that
but personal accounts have certain limitations like you can get money only 5 times a year when the person paying you does so by credit/debit card and many more...
personal account is only good if you just shop online... its crap if you receive money and sell stuff/get paid online also see this: *cutt.in/pp
anyway according to paypal TOS a person can have a personal account and a premier/business account with diff email IDs
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OP
drgrudge
Another Brick in the Wall
I came to know more about the limits in my account.
Highlights:
1. No need to upgrade to Premier or Business account.
2. Sending Limit is: $100.00 USD. Now it seems to be global i.e. at the max till I link in my CC details, I can send more than $100.
By the way, saw this there:
Adding a bank account and completing the Random Deposit process enables your sending limit to be waived. Adding a bank account also allows you to:
I've just withdrawn money to my SBI account. What is this 'Random Deposit process'?
This is little important. Most people now accept PayPal. I need to lift this restrictions. Hopefully linking the Bank Account should take care of it.
3. Monthly Withdrawal Limit is $500. With linking my CC details, increases to $2,500. I think I can live with this restriction. I won't get that much money or atleast I can withdraw $500/month which seems reasonable.
4. Accept up to 5 credit or debit card payments per year at our low per transaction rate. I really can't understand what this is. What is this payment?
So the bottom line is I need to link my CC details only if I want to send over $100.
@din,
You're correct. My last name can't be changed but first name can be. So I can add my mom's card who has the same last name as I've.
Highlights:
1. No need to upgrade to Premier or Business account.
2. Sending Limit is: $100.00 USD. Now it seems to be global i.e. at the max till I link in my CC details, I can send more than $100.
By the way, saw this there:
Adding a bank account and completing the Random Deposit process enables your sending limit to be waived. Adding a bank account also allows you to:
I've just withdrawn money to my SBI account. What is this 'Random Deposit process'?
This is little important. Most people now accept PayPal. I need to lift this restrictions. Hopefully linking the Bank Account should take care of it.
3. Monthly Withdrawal Limit is $500. With linking my CC details, increases to $2,500. I think I can live with this restriction. I won't get that much money or atleast I can withdraw $500/month which seems reasonable.
4. Accept up to 5 credit or debit card payments per year at our low per transaction rate. I really can't understand what this is. What is this payment?
So the bottom line is I need to link my CC details only if I want to send over $100.
@din,
You're correct. My last name can't be changed but first name can be. So I can add my mom's card who has the same last name as I've.
din
Tribal Boy
Random deposit ! WOW, they started it for Indian account ? ?
It was there for US Paypal accounts.
The process is like this. They will put very small amounts (2 times) in your account. for US account it was like USD 0.2 / USD 0.3 like that. In Indian case it may be INR. You have to get bank statement and have to enter those amount in paypal. That is a way of confirming bank account. I think they also add some numbers along with the amount, so it will be reflected in account. The logic is, by confirming the amount in paypal screens, paypal makes sure the bank account belongs to us (as only the account holder get the bank statement / passbook).
But I am lil confused. For US it was there to link bank account to paypal (so that we can add money from our US bank account to paypal) and it was not for verification. For US people also, verification involves adding credit card.
Would you please give the link / details where you found the random deposit process - for India ?
It was there for US Paypal accounts.
The process is like this. They will put very small amounts (2 times) in your account. for US account it was like USD 0.2 / USD 0.3 like that. In Indian case it may be INR. You have to get bank statement and have to enter those amount in paypal. That is a way of confirming bank account. I think they also add some numbers along with the amount, so it will be reflected in account. The logic is, by confirming the amount in paypal screens, paypal makes sure the bank account belongs to us (as only the account holder get the bank statement / passbook).
But I am lil confused. For US it was there to link bank account to paypal (so that we can add money from our US bank account to paypal) and it was not for verification. For US people also, verification involves adding credit card.
Would you please give the link / details where you found the random deposit process - for India ?
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DigitalDude
PhotonAttack
@Din
US people can verify their PP with their bank accounts also apart from CC
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US people can verify their PP with their bank accounts also apart from CC
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din
Tribal Boy
@DigitalDude
Thanks for the info, before (4-5 yrs back) they also had to add CC. So my info is outdated, sorry for that.
@adi007
I guess even if we undergo the random deposit (In India), that is not equivalent to CC verification ? I mean we need to add CC for verification right ? Please correct me if I am wrong.
Thanks for the info, before (4-5 yrs back) they also had to add CC. So my info is outdated, sorry for that.
@adi007
I guess even if we undergo the random deposit (In India), that is not equivalent to CC verification ? I mean we need to add CC for verification right ? Please correct me if I am wrong.
@din:yes you are right....
AFAIK This will just lift the sending limit..
i don't think our account will become verified one by it...
i haven't have tried it yet...
i will do it now itself...and will soon update the results...
BTW i have a SBI account....
i have applied for SBI online transaction facility...
can i verify the paypal account via it...?
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DigitalDude
PhotonAttack
no adi we cant verify paypal with our bank accounts
the only thing Indians can do by adding a bank account is withdraw money (and it raises transaction limits )
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the only thing Indians can do by adding a bank account is withdraw money (and it raises transaction limits
)_
DigitalDude
PhotonAttack
OP
drgrudge
Another Brick in the Wall
If sending amount is waived, then it's fine for my usage. Right now I won't need to withdraw over $500 a month. The $100 limit is the only thing that might irk me.
Just today I added my SBI account and withdrawn money to my account. Let's see what happens. Might take over 2 weeks.
Just today I added my SBI account and withdrawn money to my account. Let's see what happens. Might take over 2 weeks.
OP
drgrudge
Another Brick in the Wall
Will do for sure.
JFYI, the last 2 times I've ordered Check, it took over 3 weeks for to reach home from the day I withdrew. They say 2-3 business days for check and 5-7 days business days for Bank withdrawal. So calculated this 2 week time.
Anyone care to explain what's this Credit Card/Debit Card payment thing about?
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