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PayPal Money Receiving Limit In India Now Increased to USD10,000!
Here is the transcript send by PayPal:
“Congratulations! We are pleased to inform you that PayPal merchants in India can now receiveup to USD 10,000 per transaction for export-related payments for goods and services, effectiveimmediately.
With the increased transaction limit, you can:
• Accept credit and debit card payments anytime, anywhere on your website, mobile,eBay listing, or simply by sending an invoice.
• Increase your global presence by selling to over 132 million active PayPal users in 193markets around the world, accepting payments in up to 25 currencies.
• Leverage on our industry-leading fraud prevention and risk management systems tokeep your business secure and minimize losses.
To receive export-related payments, merchants must confirm their email address, and add aPermanent Account Number (PAN), Purpose Code and local bank account to their PayPalAccount. If you have any queries, please log in to your PayPal Account and click on the ‘ContactUs’ button.
We look forward to continuing to support your export business through our global onlinepayment platform.
Happy selling!
Sincerely,
The PayPal Team”
When we first received this info from PayPal, we thought it was some kind of hoax. We checkedtwo or three times to find if it was legitimate. We could confirm from the email, that it was sentlegitimately and yes, it came from PayPal themselves.
However, PayPal has not updated their blog as yet with this information. Generally, these kindof intimations do appear as blog posts on their site.
Till now, Indian PayPal users were severely affected by the USD 500 dollar limit that PayPalhad put for Indian users. Freelancers and small businesses who offered services to foreignclients had to always keep that limit in mind.
Though we are quite sure that this mail is completely legitimate, we are still trying to get fullconfirmation from various sources. We will update this post if we find any change!
CREATED BY TEAM PGCPROGLOBAL CORPWWW.PROGLOBALCORP.COMProglobalcorp.wordpress.comEmail:[email protected]
