Paypal has made some important changes to user agreement , which are important for Indian Paypal users to understand. Effective from 1st Nov 2010, Indian users cannot use Paypal for receiving or sending personal payments. Indian registered Paypal accounts may neither send nor receive personal transaction payments. This means that you cannot send personal transaction payments to Indian registered Accounts.
What does this mean for Indian Paypal users who are receiving payments from other countries?If you are an Indian Paypal user and have monthly recurring payments set up with your clients across the world, it makes sense to convert your personal account into business account. So you can carry on receiving payment from other countries and you can send the payments too.
What’s the different between my existing personal Paypal account and business Paypal account?
Paypal allows some free personal payment transactions but it charges a small fees for business transactions. For every business transaction you do, there will be a small percentage of payment deducted as a fee by Paypal.
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