Finally the time came which every Indian PayPal user was waiting for.PayPal have resumed local bank withdrawals in India.When you select the ‘Withdraw Funds’ option on your PayPal account, they will ask you to fill out a new field entitled ‘Purpose Code’. This information is required under the laws of India in order to identify the nature of cross-border merchant transactions. Simply select the one most appropriate for your business.More details on purpose codes can be found at Bank Withdrawal Instructions for Indian PayPal Users.
If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page.Hope this is very good news for all Indian PayPal users mainly bloggers and freelancers who rely on PayPal for their payments.
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Article by Shivendu Madhava
Shivendu has written 627 awesome articles.
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