What is pay pal ?????

[CadCrazy]

I want to know about pay pal. How can open pay pal a/c. Its benefit over credit card if any.

[Sukhdeep Singh]

Take Paypal as a online bank where millions of people make and receive payments. To open Paypal account, simply click signup at Paypal.com.

Benefit for Seller....he doesnt have to buy a Merchant Account to Receive Credit Card Payments. Most of the People are from US, UK, Australia and there bank Accounts are directly linked to their Paypal Accounts. Plus there are various facilties availble to Merchants

Benefit for Buyer - Since Paypal takes payment and pass it to seller, his Credit Info is very safe. You are also safe because you can chargeback money in case Seller tries to scam which specially applies on Ebay since people in US shop on Ebay a lot comapred to India

[CadCrazy]

- Is this like debit card.
- Any kind of interest or service charges ?????
- Can I send/receive payment in my ICICI bank a/c through pay pal

[pannaguma]

how do i sign up for paypal?

[navjotjsingh]

For Personal Account there are no charges either for sending or receiving the money. If you own a premier account you are charged for receiving money not sending. Premier account gives more powers as compared to personal account.

Read the benefits of premier/buisness accounts at https://www.paypal.com/cgi-bin/websc...siness-outside
and comparison at https://www.paypal.com/cgi-bin/websc...Signup-outside

Paypal does not support money transfer via any Indian bank. To withdraw money from paypal you can do so by cheque for which 5$ transaction fee is charged.

Sign up for paypal by visiting paypal.com and clicking on new user link.

[CadCrazy]

If it does't support any indian bank the how can i transfer money to my paypal a/c to purchase any thing in case i do t have any credit card.

[navjotjsingh]

Sorry there is no other option(for Indians) except credit card to fund your paypal account.

[CadCrazy]

Originally Posted by navjotjsingh

Sorry there is no other option(for Indians) except credit card to fund your paypal account.

Then why one should go for paying by paypal over credit card .

[Sukhdeep Singh]

Originally Posted by jugnu_009

Then why one should go for paying by paypal over credit card .

Like i said earlier...bcoz of this reason

Benefit for Buyer - Since Paypal takes payment and pass it to seller, your Credit Info is very safe. You are also safe because you can chargeback money in case Seller tries to scam which specially applies on Ebay since people in US shop on Ebay a lot comapred to India

[CadCrazy]

Thank you Pajis

[Kniwor]

Originally Posted by jugnu_009

Then why one should go for paying by paypal over credit card .

I've an active Paypal Accounts, and there's a lot of reasons of doing this.

1) Not all stores international Credit Cards, but they do accept Paypal.
2) If u wanna make an online purchase from a person, say some individual Credit Card is of no use, and u cannot transfer money into bank account of someone sitting in US/UK, so basically Paypal is the only way.
3) Security as mentioned above.
4) It is practically impossible to make any international Purchase for us indians wtthout Paypal.

[casanova]

Some nice info.

[quote="jugnu_009"If it does't support any indian bank the how can i transfer money to my paypal a/c to purchase any thing in case i do t have any credit card.
[/quote]
If you put something for sale and people can pay directly yo your paypal account.

[pannaguma]

thanks for answering my questions. btw is premium really worth it and does any one have one?

[Sukhdeep Singh]

Originally Posted by pannaguma

thanks for answering my questions. btw is premium really worth it and does any one have one?

If you open a Personal Account, Paypal will give option to upgrade Account Later. I have Buisiness Account though

[Anindya]

Is there any way to verify a paypal a/c other than using a credit card, coz i dont have one! Though i read it but still making it clear that money cant be withdrawn through credit card right?

[The Unknown]

Paypal is an online transaction gateway. If you sell online products, then signup for a paypal account and place the link on ur site. I don't have a paypal account so i don't know how to transfer money.

[Sukhdeep Singh]

Originally Posted by Anindya

Is there any way to verify a paypal a/c other than using a credit card, coz i dont have one! Though i read it but still making it clear that money cant be withdrawn through credit card right?

You can using Virtual Credit Card like Netsafe cards from HDFC Bank. Lots of people sell Netsafe Generated Virtual Cards at TalkGold.com/forum

[navjotjsingh]

But remember Virtual Credit card costs lot more to verify than regular CC verifing. Just for the information.

[Sukhdeep Singh]

Originally Posted by navjotjsingh

But remember Virtual Credit card costs lot more to verify than regular CC verifing. Just for the information.

Didnt get you bro Costs same 1.95$ for Virtual CC aswell

[navjotjsingh]

here on this ankur_guptame told me that VCC costs more to verify than CC verification.

[Sukhdeep Singh]

Originally Posted by navjotjsingh

here on this ankur_guptame told me that VCC costs more to verify than CC verification.

Well here i am telling you, it doesnt Paypal treats it same as a REAL cc. His points maybe that...a VCC loaded with 3-4$ for Paypal Verification costs 10$ but that depends on dealer to dealer

[CadCrazy]

How I get money through paypal if i sell something . I mean how they ll tranfer money as they are not linked with any indian bank

[Sukhdeep Singh]

Just tell them your Paypal ID...like you will tell someone your Bank Account No..

You can withdraw from Paypal by ordering Cheque after 150$ for which Paypal Charges 5$ as a fee

More info : http://en.wikipedia.org/wiki/PayPal

[navjotjsingh]

Originally Posted by sukhdeepsinghkohli

Well here i am telling you, it doesnt Paypal treats it same as a REAL cc. His points maybe that...a VCC loaded with 3-4$ for Paypal Verification costs 10$ but that depends on dealer to dealer

I was also not talking about paypal charging more...but VCC charges I talked about.

[Sukhdeep Singh]

Originally Posted by navjotjsingh

I was also not talking about paypal charging more...but VCC charges I talked about.

Sorry for acting Dumb but i still get it VCC is free if you have HDFC Bank Account