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Paypal increases export Receiving Limit USD 3000!

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Paypal has given a rare pleasant surprise to its Indian users – Close to the heels of news coming out that the transactions over USD 500 will be reversed, Paypal seems to have done a complete U turn.

According to notification sent by Paypal to Indian users, Paypal has now raised the receiving limit from earlier USD 500 dollars to USD3000!  RBI has now allowed users to receive export-related payments of up toUSD 3000 per transactioninto their PayPal account, effective immediately.

Paypal notification to Indian Paypal Users

  Dear <fname lname>, 

We are pleased to inform you that the RBI will now allow you to receive export-related payments of up to USD 3000 per transaction into your PayPal account, effective immediately.

We sincerely thank you for your understanding and patience over the past few months as we continue to implement the changes required to remain compliant with the RBI guidelines. With these changes completed, you can confidently accept PayPal for your cross-border transactions with our global buyer base of over 100 million active accounts in 190 markets worldwide. We look forward to continuing to support your export business through our global online payment platform.

To comply with the RBI guidelines, you must add a Permanent Account Number (PAN), Purpose Code and local bank account to your PayPal account in order to continue receiving export-related payments.

 

In case you have any queries, please log into your PayPal account and click on
Contact Us at the bottom of any PayPal page.

Sincerely,
The PayPal Team

Hope this decision stays and we don’t have any more surprises ahead of us!

  1. seo charlotte says

    Paypal has now raised the receiving limit from earlier USD 500 dollars to USD3000
    allowed users to receive export-related payments of up toUSD 3000 per transaction into their PayPal account.

    Thankyou

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