How To Open A PayPal Account In India & Verify
PayPal is a popular online payment system globally. It allows you to send and receive money safely, shop online, and even get paid for your business. If you are based in India and want to use PayPal, you have come to the correct location. In this blog, I will take you through the entire process of opening a PayPal account in India and verifying it. Don’t worry—it’s simple, and we will help you through it in plain steps.
Table of Contents
Why You Should Use PayPal in India?
Let’s talk about why PayPal is a great choice for Indians first before going through the steps:
- International Acceptance: PayPal is accepted by over 200 nations across the globe, making it perfect for international transactions.
- Secure Payments: PayPal uses state-of-the-art encryption to secure your personal financial information.
- Easy to Use: The website is simple to use, even for a beginner.
- Convenient for Freelancers and Businesses: As a small business or freelancer, PayPal makes it easy to receive payments from customers worldwide.
- Buyer and Seller Protection: PayPal offers protection policies to assist in securing transactions for buyers and sellers.
Now that you know why PayPal is useful, let us start creating your account.
Step 1: Open a PayPal Account in India
1. Go to the PayPal Website
First, open your web browser and go to the official website of PayPal. Make sure you’re on the correct site to avoid scams.
2. Click on “Sign Up”
On the top right corner of the homepage, you’ll see a button that says “Sign Up.” Click on it to begin the registration process.
Read: Top Payment Gateways in India
3. Choose the Right Account Type
PayPal offers two types of accounts:
- Personal Account: For individuals who want to shop online or send/receive money from friends and family.
- Business Account: For freelancers, entrepreneurs, or businesses that need to accept payments from customers.
Select the account type that suits your needs. If you’re unsure, start with a Personal Account—you can always upgrade to a Business Account later.
4. Enter Your Details
Next, you’ll need to provide some basic information:
- Email Address: Utilize a standard email address which you keep checking. This would be your PayPal ID.
- Create a Password: Choose a sound password for protecting your account security.
- Personal Information: Enter your name, address, and contact number. See to it that the information matches your official records (like your PAN card or Aadhaar card).
5. Agree to Terms and Conditions
Read PayPal’s terms and conditions, privacy policy, and user agreement. If you find them acceptable, check the box to accept and click on “Agree and Create Account.”
6. Confirm Your Email Address
After creating your account, PayPal will send an email to the email address you provided for verification. Open your email inbox, find the email sent by PayPal, and click on the link to verify your email address.
Congratulations! You’ve finished creating your PayPal account. But wait—there’s one last important step: account verification.
Step 2: Verify Your PayPal Account in India
Verification is important because it takes away some of the limitations from your account and makes it live. Here’s how to verify your PayPal account in India:
1. Link Your Bank Account
To connect your account for verification, you need to connect your Indian bank account to PayPal. Here’s how:
- Log in to your PayPal account.
- Go to the “Wallet” section.
- Choose “Link a bank account.”
- Enter your bank account details, such as your account number and IFSC code.
PayPal will make two small transactions (less than ₹10) in your bank account within 2-3 working days. The transactions are done to check if your bank account belongs to you.
2. Verify the Deposits
After getting the deposits, log In back into your PayPal account and proceed to the “Wallet” page. Tap on “Confirm bank account” and enter the same amounts for both deposits. It will confirm that you are the bank account owner.
3. Add a Debit or Credit Card (Optional)
While connecting a bank account is adequate for verification, you can connect a debit or credit card as well for additional convenience. You can make payments even if your bank account has low funds with this. To connect a card:
- Go to the “Wallet” section.
- Tap on “Link a card.”
- Enter your card details, such as the card number, expiration date, and CVV.
PayPal may charge a small amount (around ₹100) to your card and then refund it immediately. This is just to verify that the card is valid.
Step 3: Start Using Your PayPal Account
Once your account is verified, you’re all set to use PayPal! Here are some common ways to use your account:
1. Sending Money
To send money:
- Log in to your PayPal account.
- Click on “Send & Request.”
- Enter the recipient’s email address or phone number.
- Enter the amount and choose the currency.
- Confirm the payment.
2. Receiving Money
To receive money:
- Share your PayPal email address with the sender.
- Once the payment is sent, you’ll receive a notification.
- The money will be credited to your PayPal balance.
3. Withdrawing Money to Your Bank Account
To withdraw money:
- Go to the “Wallet” section.
- Click on “Withdraw funds.”
- Select your linked bank account.
- Enter the amount and confirm the withdrawal.
Withdrawals take 1-2 working days to be credited to your bank account.
4. Online Shopping
The majority of online stores accept PayPal. At checkout time, simply select PayPal, sign in to your account, and authorize payment.
Who Can Open a PayPal Account in India?
There are certain conditions and eligibility requirements to open a PayPal account in India. The eligibility requirements are listed below:
- One must be an Indian citizen or resident.
- Your age must be more than 18 years. must be 18 years or older.
- You must have a valid email address and mobile number.
- Having a bank account in India is mandatory.
Tips for Using PayPal in India
- Make Your Account Secure: Create a strong password and enable two-factor authentication for added security.
- Review Fees: PayPal charges fees for certain transactions, especially cross-border payments. Make sure you are aware of the fees before you proceed with a payment.
- Update Your Info: If you change your phone number, email address, or bank account, update your PayPal account information immediately.
- Reach Out to Customer Support: If you have any issues, PayPal’s customer support team can help. You can reach them through the “Help & Contact” page on the site.
Frequently Asked Questions (FAQs)
Is PayPal free in India?
You can sign up for a PayPal account for free. PayPal charges fees for certain transactions, such as receiving money from overseas or converting currencies.
Do I need to have a bank account to use PayPal?
You can use PayPal without a bank account, but your account will be limited. To fully confirm your account and withdraw funds, you need to add a bank account.
How long does it take to confirm a PayPal account?
It usually works in 2-3 working days, subject to how soon you confirm the small deposits that PayPal initiates.
Is it possible to pay on Indian websites using PayPal?
Yes, there are several Indian websites and online stores that accept PayPal as a means of payment.
Is there a minimum withdrawal limit that can be paid through PayPal?
The minimum withdrawable amount is ₹1,000.
