Good News for Paypal Indian Users.Paypal just has increased the money receiving limit for indian merchants to 10000$ .
( ie = Rs 593600 as per the today’s exchange rate) . Due to increase in the value of USD many Indian blogger , SEO experts, Web designers who are doing freelance work for US based companies were benefited.
PayPal increases Receiving limits Again :
Previously paypal had limited indian users to receive only 3000$ per transaction .With this raise in the limits, web designers, SEO experts and other business persons ,who are taking projects more than 5000$ can receive their money in a single transaction rather than multiple transactions.
Here is the mail i received from paypal 7 minutes ago.
Congratulations! We are pleased to inform you that PayPal merchants in India can now receive up to USD 10,000 per transaction for export-related payments for goods and services, effective immediately.
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 193 markets around the world, accepting payments in up to 25 currencies. • Leverage on our industry-leading fraud prevention and risk management systems to keep your business secure and minimize losses.
To receive export-related payments, merchants must confirm their email address, and add a Permanent Account Number (PAN), Purpose Code and local bank account to their PayPal Account. If you have any queries, please log in to your PayPal Account and click on the ‘Contact Us’ button.
We look forward to continuing to support your export business through our global online payment platform.
The PayPal Team
This mail is been confirmed as legitimate and as said in the mail one must confirm his PAN , Bank account, Email address and Purpose code to receive export related payments.
Hope this post will be helpful to Indian paypal Merchants trying to figure out whether this information is true or not. Its true and it is officially confirmed. !