In this section you will find information about Paypal in India
Yes. You can send money by Paypal in India and withdraw them by asking Paypal India check.
Even more important! You can now transfer money from your PayPal account to any of your bank account in India directly from the PayPal website. PayPal has also scrapped the withdrawal fees for electronic transfer if the amount withdrawn is more that Rs 7000 and a nominal Rs 50 for small transfers. Earlier PayPal would charge $5 per transaction irrespective of the amount on the cheque.
As stated on their official website: If you have an account registered from Argentina, Brazil, Chile, China, Ecuador, India, Jamaica, or Uruguay, you can request a check. When you request a check, it will take 4-6 business days to process the request and prepare the check to be mailed. Postal delivery time is additional and varies depending on your country of residence.
Even more information about Paypal India:
If you have a indian Paypal account, then you can add the following indian bank accounts:
- State Bank of India
- Bank of India
- Canara Bank
- Union Bank of India
- HDFC Bank
- ICICI Bank
- ING VYSYA Bank
- UTI Bank
- Standard Chartered Bank
- Citibank – As an example Citibank cheques take more than 4 weeks to clear.
Trough this indian bank accounts you can send money by Paypal to India.
It is important to know that you can create a PayPal account even if you are staying in India. You will have to associate a credit card your PayPal account. Once you enter the credit card details you will have to enter the number mentioned on your card statement and verify your PayPal account. Once you verify your credit card and email address you have successfully created a PayPal account.
PayPal offers another option for Indians who hold a Visa credit card or debit card – you can withdraw funds directly to your Visa branded credit, debit or prepaid card.