What is expanded use program in pay pal

[CadCrazy]

I recently registered for pay pal.After registration it is asking for expanded use program enrollement @ 1.95$. Now what is this n should i register for it.

 

[ahref]

This is to make your account verified and there is not much use of paypal account if it is unverified.

 

[CadCrazy]

What will be my credit limit if i'll not verify my identity through expanded use program ?

 

[ahref]

I don't think paypal give some credit limit, as paypal doest not give credit. There are sending money limit and withdrawl limit, for unverified account probably it is $500 for lifetime.

 

[CadCrazy]

What is $ exchange rate because icici charged Rs 120 for $1.95 which paypal charge for a/c verification. Does that means exchange rate is 60 ?????????

 

[Sukhdeep Singh]

What is $ exchange rate because icici charged Rs 120 for $1.95 which paypal charge for a/c verification. Does that means exchange rate is 60 ?????????

Exchange should be current rate of 40 something.

 

[CadCrazy]

Then why they charged 120 for 1.95 $ ???????

 

[Sukhdeep Singh]

Then why they charged 120 for 1.95 $ ???????

That ICICI people could only tell

 

[CadCrazy]

i am waiting for the statement

 

[it_waaznt_me]

ICICI charges Foreign Currency transaction charges .. And then 12.5 % Service tax on all charges ..

SBI Card charged me INR 81.97 for that verification on 8 Aug .. And its also unclear what rate code ICICI use for FCY transactions ..

 

[CadCrazy]

Ok its 81.94 Rs in statement. Rs 120 less was from max credit limit before arrival of statement.

 

[navjotjsingh]

I was charged Rs 85 around 2 years back for this by Citibank.