extremephp
BANNED
- Oct 19, 2010
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Seeing a hell lot of threads about how Paypal is fucking Indians over and over, so to further prevent such threads, here is a way to sort things out and get paypal flexible again.
What Indians face currently :
* Indian Paypal accounts are receive only accounts. (without a CC)
* Forced autowithdrawal set to daily.
* Maximum amount in a single transaction : $500
* Cant send/receive gift payments.
So, I know you people want to use paypal to pay for your stuffs, and deal with the disputes and all those. And many of you people here may not be having a credit card. (May be because you are younger than 18, or may be because you dont have an job to submit an income proof).
So here is what I did :
1. Went to ICICI Bank. Good Customer Service as expected and they took me to the general manager's cabin and offered me a tea
2. Got the forms to start a new account.
3. Tell them it is to get a cc by a FD collateral. Or I mean, tell them that you are there to put an FD to get a cc linked with the FD.
4.Fill in the form. Dont forget to bring the original of your Pan Card and Driving license/Voters ID.
5. Well, I dont have any of them. I was with my dad and the account is going to be in his name.
6. Fill in the nominee part. You will need some another paper works if the nominee is below 18, so I had my moms name there. (Make sure you note her date of birth)
Now, You can have 2 kind of accounts.
1. Minimum balance = Rs 10,200 and that must be maintained all through out. (You will get a limit on daily transaction amount)
2.This account doesnt need a minimum balance, but it must have a value of Rs 50,000 in transactions within 3 months.
I opted for the first one.
So, it took 4 days for the account activation. Went to bank again and deposited 25k to the bank, and changed it to FD and requested for a Credit Card. It will take another 21 days to get the cc.
Credit Card will have a monthly limit of 75% of the FD. No taxes, no interest and only they charge is 4% for late fee.
I am yet to receive my Visa CC
PS : You will receive a VISA Debit card within 7 days of account creation. A sexy one actually And you also get netbanking without any other paper works.
You can also make a VCC by netbanking. Thats a plus
*Thanks to Bigbuddy and Bezo* :yo:
Yet another method :
What Indians face currently :
* Indian Paypal accounts are receive only accounts. (without a CC)
* Forced autowithdrawal set to daily.
* Maximum amount in a single transaction : $500
* Cant send/receive gift payments.
So, I know you people want to use paypal to pay for your stuffs, and deal with the disputes and all those. And many of you people here may not be having a credit card. (May be because you are younger than 18, or may be because you dont have an job to submit an income proof).
So here is what I did :
1. Went to ICICI Bank. Good Customer Service as expected and they took me to the general manager's cabin and offered me a tea
2. Got the forms to start a new account.
3. Tell them it is to get a cc by a FD collateral. Or I mean, tell them that you are there to put an FD to get a cc linked with the FD.
4.Fill in the form. Dont forget to bring the original of your Pan Card and Driving license/Voters ID.
5. Well, I dont have any of them.
I was with my dad and the account is going to be in his name.6. Fill in the nominee part. You will need some another paper works if the nominee is below 18, so I had my moms name there. (Make sure you note her date of birth)
Now, You can have 2 kind of accounts.
1. Minimum balance = Rs 10,200 and that must be maintained all through out. (You will get a limit on daily transaction amount)
2.This account doesnt need a minimum balance, but it must have a value of Rs 50,000 in transactions within 3 months.
I opted for the first one.
So, it took 4 days for the account activation. Went to bank again and deposited 25k to the bank, and changed it to FD and requested for a Credit Card. It will take another 21 days to get the cc.
Credit Card will have a monthly limit of 75% of the FD. No taxes, no interest and only they charge is 4% for late fee.
I am yet to receive my Visa CC
PS : You will receive a VISA Debit card within 7 days of account creation. A sexy one actually
And you also get netbanking without any other paper works.You can also make a VCC by netbanking. Thats a plus
*Thanks to Bigbuddy and Bezo* :yo:
Yet another method :
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