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Paypal question [Newbie]

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Jeffreyw

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Hi all,

I'm relatively new to Paypal. I don't have a bank account, and my question is...

1. Can i still recieve money?
2. Can i send money?
3. Can i purchase online?

Thanks.
 
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Jonathan

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You should be okay providing Paypal with a credit card. I'm pretty sure you won't be able to verify your identity and people sending you payment will see that you are unverified. I think it really limits you when you don't have your account verified. I'm guessing that Paypal would have to mail you a check when there are funds in your account.
 

scorpio

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Still U need a credit card. I had same case.

If u have a credit card u can increase your limits.
U can buy and sell..

I used my Indian Home address and its working fine with me.
 

Jack Gordon

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I don't remember what you need to start a paypal account, but once you've got it you can maintain it just like a bank account- carrying a balance, buying things from it, selling things to fund it, making withdrawals by check, etc. So if a credit card is all it takes, you should be set!
 

manish

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You need a credit card to get verified. The check/bank withdrawal may or may not be available depending on which country you sign up under. However you can send the money to other paypal members. Generally using Paypal for high value transaction should not be preffered. They have no protection for both buyers as well as sellers.
 

cwsteam.com

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I am in India as well, using Paypal for over 3 years. All perfect. Working Fine.
 

manish

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cwsteam.com said:
I am in India as well, using Paypal for over 3 years. All perfect. Working Fine.

How do you withdraw money from your paypal account ?
 

cwsteam.com

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I am registered with STPI and therefore under RBI Terms and Conditions, I have a US Bank account for my company. I withdraw funds in there. No income tax on USD Income under STPI. :)
 

Jeffreyw

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So i can still buy and sell or receive and send on the internet using Paypal without a US bank account?
 

guiwang

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Jeffreyw said:
So i can still buy and sell or receive and send on the internet using Paypal without a US bank account?
Yes,you are right,the only thing you need is a credit card.
But ,if you want to got money from you paypal to your pocket,you need a US bank account.

Bean
 

GiantDomains

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::moved to newbie forum::
 

cwsteam.com

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Some other countries like Canada, Australia etc also have Bank Withdrawal facility, but there is a charge usually.
 

Plead

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I am a New Zealand resident and have a New Zealand bank account and credit card attatched to my PayPal account.

I can add funds from my credit card at no charge and I can withdraw funds from my PayPal account to my bank account at a $1NZD fee for any amount of money.

Hope that helps.
 

anothergeek

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its the same case in the Uk. Small charge when u take out money from paypal
 

uid0

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Again, something like that in Canada - they charge me a percentage of what I'm withdrawing. I don't have a credit card yet or I'd be a verified member, but without a credit card you are able to buy things, and send/recieve money (so long as your paypal balance permits), however certain sites such as eBay won't let you sell without a credit card because they make about 10% off the auction and wan't to ensure they recieve the money - so once they auction closes they hit the credit card.
 
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