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    PayPal Increased Receiving Limit to $3000 for Indians

    By in Tech Updates

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    In last couple of months we have seen many issues related to PayPal and some of them were :

    Paypal export payment PayPal Increased Receiving Limit to $3000 for Indians

    Obviously none of them came as good news for Indian PayPal users. Though they removed the withdrawal charge or Indian users and that was one good news. Couple of days back, we read about that PayPal is also refunding all the transaction above $500 which you have received after March 2011 but honestly it sounds like a rumor or case with 1-2 as no one has faced such issues.

    Paypal transaction limit PayPal Increased Receiving Limit to $3000 for Indians
    Anyways, here is some good news for Indian freelancers and Webmasters that PayPal has increased the limit to $3000 from earlier $500 effective immediately. It means, in a single transaction you can receive money up to $3000 and I believe this will take care of atleast 99% of issues with PayPal. As most of Indian freelancer receive the money and they withdraw it to their account. Sadly, you still can’t use PayPal money to send it to someone. So, this might increase some cost for you as money will be charged from your linked credit card and rates are higher. But none the less, this new increased receiving limit to $3000 made my day and I’m sure all other Indian PayPal users must be feeling the same.

    If you left using PayPal and have used any alternative, now you can start using PayPal again but you have to do couple of things:

    • Your account should be verified: You can do that by linking it to your bank account
    • PAN card number. If you are below 18 & Don’t have Pan card, you can ask your parents to create a PayPal account under their name,
    • Purpose code
    In case if you have not verified your account, you can login to PayPal account, click on Profile > Add/Edit bank account.
    I would love to know your opinion about new changes from PayPal and would you welcome this like I do?

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    Harsh has written 1123 articles.

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    { 23 comments… read them below or add one }

    zenil shroff

    This is very good news for Indian paypal users, and this news also proves that the alarm of reversal of $500+ receipts was false.

    Reply

    aatif

    I am happy with this news . 500$ was really low amount , One more thing is remaining hope we can send payment through paypal in near future

    Reply

    Vijayraj Reddy

    thank god… PayPal atleast increased the limit, this will make many webmasters happy :)

    Reply

    Sandeep Tripathy

    What do you mean by purpose code in Paypal?

    Reply

    Govind Narayan

    This is a great news.if paypal allow us to send money/buy products then everything would be back to normal.Hope they will do it soon

    Reply

    Sunith babu

    This is very good. It now solves majority of my problems

    Reply

    Dinesh

    $3000 limit will satisfy all most every Indian paypal user.

    Reply

    Talkfree7

    … thanks Harsh! By the way, the popular affiliate/CPA marketing network cj.com also has introduced e-funds transfer/direct deposit for Indians into their bank a/c like Paypal in INR : )

    Reply

    Amit

    I had so many problems with 500$/transaction limit ,This is really great news ,But still we can’t use paypal balance to pay ,We have to give two times currency conversion charges first $->INR than again INR->$ ,We are loosing money hope RBI do some thing about it ..

    Reply

    Eric Murphy

    Thats Great news for Indians. I congrats to all the Indian users of paypal.

    Reply

    zibran

    yippie this seems to be a good news, i really needed this upgraded limit.

    Reply

    Irfan

    This is something good i’m hearing after a long for Indian PayPal Users. Lately, we had faced many issues regarding their services but this news is like healing those pains RBI & PayPal have had given in past few months.

    Reply

    sajib

    This is a great news, finally they have exceeded the limit. Few more issues need to be solved like ( auto withdrawal of money to the bank account & sending payments to someone ). Anyways one step at a time is good and something is better than nothing :)

    Reply

    Kelly Sarah

    Paypal is pretty much a dead channel for transactions, but for the lack of a better alternative – freelancers are forced to use the channel for accepting payments.

    Reply

    Ritesh Kumar

    Thats one of the best news I heard from paypal… else it was close to dead in India.
    Very sure that this decision of RBI will help 1000s of freelancer.

    Reply

    Kunal Sharma

    I wish paypal was operating like before. No limitation and no bondage to keep balance in the account. Everything with Indian Paypal is good now. But again we wish they restore balance keeping and transferring facility again.

    Reply

    Rajesh

    That’s good for people like me who receive huge payments from US. Keep us informing about updates Harsh.

    Reply

    Bevyshop

    it’s really good decision which was taken by Paypal incorporation, ebay knows the pain of ecommerce users, and great amount of pressure from freelancers which makes them to take this decision in right time.

    Reply

    Sandeep

    Well this looks good ! Paypal has done something better after such long delay ! Atleast something :D

    Reply

    Jitendra Singh

    its really a good news, now i think i can move to it. One more thing i would like to have from paypal to allow Donate button for Indian accounts.

    Reply

    Bames

    I have entered my PAN number and PayPal even reflects that “verification successful” but then the next day I get an email that they have limited my account and I cannot accept payments. I click on the link they provide and I am asked to enter my PAN card again. I enter it again and two days later they send an email saying I can receive payments and the day after that they send another one saying I cannot receive payments. Then I have to re-enter my PAN card again. They refuse to give me a satisfactory reply though I send them an email almost every time.

    Am I supposed to enter my PAN number everyday? It is so frustrating!

    Reply

    Gouri

    A welcome move by PayPal. There doesn’t seem to be any further increase after that. And there is also this notion that PayPal is not very safe for transactions involving high amount. So, the limit of $3000 should be more than enough.

    Reply

    Puthanatham

    Good to hear this. Paypal is one of the best way to export money. I think no we can move to paypal for getting my export payment. But $3000 seems much lower. It would be better if they rise some more amount.

    Reply

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