1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Indians! Verify Paypal without Credit Card - Whitehat..

Discussion in 'Business & Tax Advice' started by BigBuddy, Jun 20, 2010.

  1. BigBuddy

    BigBuddy Account Under Review

    Joined:
    Oct 6, 2008
    Messages:
    6,421
    Likes Received:
    14,039
    Gender:
    Male
    Location:
    BHW
    This post will for all Indian residents who regularly use PayPal for sending or receiving money.

    For adding funds in your PayPal account & lifting limits you would need a credit card. But as we all know not everyone is interested in having a credit card or some people are ineligible to be issued a credit card. A credit card can only be issued to a person above 18years of age and earning regular income.



    First why not use Virtual Credit Card (VCC)?


    Many people to use a Virtual Credit Card (VCC). But I don?t recommend it because the purpose of the PayPal verification is to validate your personnel information. Their goal is to verify the information given by you is correct. VCC?s cheat the system and do so in such a way that compromises the entire network. So even if you were able to verify using VCC, there is constant risk that PayPal might detect it and freeze your account. That?s why I don?t recommend using a Virtual Credit Card (VCC).



    Use E-wallet by ICICI Bank

    E-wallet is a VISA card issued by ICICI bank. It works exactly like a normal credit card and it is accepted on all online stores(including PayPal). It would be issued under your name. You will also get regular online statements for it.

    It is different from a normal debit/credit as:

    1. you won?t get a physical card.
    2. you have to fill it before doing any transaction via B2 Internet Banking.
    It works like a prepaid debit VISA card




    How to Get an E-wallet

    E-wallet service is a Part of ICICI b2 saving account. For getting E-wallet service you have to Apply for a B2 account. To know more about ICICI branch free banking service visit b2 ? Homepage.

    Eligibility and charges: Its a free service without any charges and is available to all Indian residents. b2 account is also a zero balance account, so do not worry about minimum balance.




    Verifying PayPal with E-wallet

    1. After your b2 account is activated (it takes 10-15 days) and you have moved money into this account via NEFT or Cheque deposit, login into your account. In summary tab, Under E-wallet Section click on ?Allocate Funds?.


    [​IMG]


    2. Now Click on ?Fill now? and follow other onscreen directions. If it asks you to enter few grid values from security card and you won?t know what to do, probably you haven?t received your security card yet, please wait for few more days. security card will be sent to you via postal mail.



    [​IMG]


    3. Please remember to fill your E-wallet with Higher amount like Rs2,500/-. Doing Transactions with international merchants in foreign currency need some extra balance. Don?t worry after completing verification you can withdraw this amount.


    4. Logon to you PayPal Account and go to Add your Card form to-do list. Now enter your E-wallet card number and other details. All this details can be found in your b2 saving account. check in Card > E-wallet


    5. Wait for 2-3days and check statement of your E-wallet for 4-digit PayPal code. Statement can be found in Card > E-wallet section > View statement



    [​IMG]


    6. Now login to your PayPal account and enter that four digit code! After you have successfully confirmed your card, PayPal will refund you that $1.95 USD.


    Congrats, now you are a verified PayPal member and you have done that without using any unfair means.



    Check the Next post by Nirmar for verifying PP account without credit card. Its another method which is applicable if you are not already verified with VCC. In my view its pretty easy than this one.
     
    • Thanks Thanks x 9
    Last edited: Jun 20, 2010
  2. nirmar

    nirmar Regular Member

    Joined:
    Jul 23, 2009
    Messages:
    283
    Likes Received:
    108
    Well, I dont think so we need any credit cards / Ewallet cards.

    just open a paypal account, get some money from ur buyers/friends.
    Withdraw by bank option after a week. (to avoid limitations)

    Once you submit your withdraw request, Paypal will make 2 small deposits to your bank within 2-3 days.

    Check your bank account (passbook) and now enter those 2 small deposits in your paypal account.

    And once you fill / verify those 2 small deposits with Paypal,
    it will verify your account and also clear your withdraw request.
     
  3. BigBuddy

    BigBuddy Account Under Review

    Joined:
    Oct 6, 2008
    Messages:
    6,421
    Likes Received:
    14,039
    Gender:
    Male
    Location:
    BHW
    But, nirmar the above steps you mentioned, did nt happened to me yet.
     
  4. nirmar

    nirmar Regular Member

    Joined:
    Jul 23, 2009
    Messages:
    283
    Likes Received:
    108
    Try it buddy, I have done 2 times. Its official method since April'10.;)

    Google it: "verify your indian paypal account"
     
  5. BigBuddy

    BigBuddy Account Under Review

    Joined:
    Oct 6, 2008
    Messages:
    6,421
    Likes Received:
    14,039
    Gender:
    Male
    Location:
    BHW
    Yes, i have withdrawn so many times from paypal and did nt yet received any deposits to my bank account. May be i have already verified using vcc.
     
  6. nirmar

    nirmar Regular Member

    Joined:
    Jul 23, 2009
    Messages:
    283
    Likes Received:
    108
    its only for un-verified accounts to verify.
    If you have already verified then no need for paypal to deposit amounts to check that this bank account is your.
    once they sure about your bank account, it will auto verify your account.

    No need of any Cards.:D
     
  7. octalsystems

    octalsystems Registered Member

    Joined:
    Jun 2, 2009
    Messages:
    55
    Likes Received:
    8
    Home Page:
    this process is only valid for few cities in every state and not every state is also included
     
  8. nirmar

    nirmar Regular Member

    Joined:
    Jul 23, 2009
    Messages:
    283
    Likes Received:
    108
    its valid for all cities of India. You can ask paypal support team.
     
  9. 1962vl

    1962vl Junior Member

    Joined:
    Jan 11, 2010
    Messages:
    104
    Likes Received:
    23
    Occupation:
    Web development
    Location:
    Heaven
    yes what nirmar saying is 100% correct, its very simple, just add the bank account, paypal will send small deposit for proofs, and that system works, you get verified with that system.
     
    • Thanks Thanks x 1
  10. nixnash

    nixnash Power Member

    Joined:
    Oct 26, 2009
    Messages:
    581
    Likes Received:
    204
    Occupation:
    Student
    Location:
    BHW
    Ooh i didnt relalise one of our moderators is an Indian or from India...But there is something similar Virtual card by HDFC bank , Which can also be used to create a Credit card number and *** , with the amount and could be used to validate the paypal account.Though it usually expires after a while..but could be used to verify the account.

    Otherwise , Only option to be sure is a credit card , and if you cant get a credit card , then There is a scheme by SBI where you can make a fixed deposit in the bank for 10k or more , you will need a pan card and address proof , and you get a credit card in 15 days , with 70% of card limit...10k will be trated as security deposit but you will receive the intrest on this amount.
    hope it helps
     
    Last edited: Jun 20, 2010
  11. BigBuddy

    BigBuddy Account Under Review

    Joined:
    Oct 6, 2008
    Messages:
    6,421
    Likes Received:
    14,039
    Gender:
    Male
    Location:
    BHW
    Hi nixnash, could you give more details about that credit card, which was issuing by SBI.

    Yes, I am Indian.:)
     
  12. nirmar

    nirmar Regular Member

    Joined:
    Jul 23, 2009
    Messages:
    283
    Likes Received:
    108
    Thanks for it.

    @bigbuddy, nixnash talking about SBI Yuva card. But why you like to deposit your 10k in SBI to get that Yuva Card ?
    Its free process now from April10. ;)

    If you want to test this method. Open an account, I will send you 10$. Once you withdraw it(only after 7 days to avoid limitations), return me.
    (this offer for Bigbuddy only):D

    If paypal dont verify your account , no need it back..
     
    • Thanks Thanks x 1
    Last edited: Jun 20, 2010
  13. octalsystems

    octalsystems Registered Member

    Joined:
    Jun 2, 2009
    Messages:
    55
    Likes Received:
    8
    Home Page:
    i am telling about ICICI's B2 account.
    it is only allowed to create account for selected cities in every state and
    also few states are supported

     
  14. BigBuddy

    BigBuddy Account Under Review

    Joined:
    Oct 6, 2008
    Messages:
    6,421
    Likes Received:
    14,039
    Gender:
    Male
    Location:
    BHW

    Nirmar, i am asking not for verifying the PP, just for getting credit card. But thanks for your offer mate. :)
     
  15. nirmar

    nirmar Regular Member

    Joined:
    Jul 23, 2009
    Messages:
    283
    Likes Received:
    108
    HTML:
    http://www.statebankofindia.com/
    It is not a credit card. Its debit card, but on VISA platform thats why Paypal allow you to verify with that card.

    And pls add the method in your OP, which I have mentioned.
    People who havent their accounts at ICICI, will open new account for verify their PP account. (Thread title : Verifiy Paypal)
    and you know the charge for ICICI account opening is 10k Rs.

    We all know you r really Helpful.
     
    Last edited: Jun 20, 2010
  16. me100rabh

    me100rabh Jr. VIP Jr. VIP Premium Member

    Joined:
    Jun 27, 2009
    Messages:
    372
    Likes Received:
    878
    U can also use HDFC Netsafe VCC to verify ur Paypal (similar to ICICI E-Wallet).
     
  17. smith_scott

    smith_scott Regular Member

    Joined:
    May 6, 2010
    Messages:
    318
    Likes Received:
    12
    Occupation:
    Online Marketing Manager
    Location:
    SEO WORLD
    I agree with Nirmar.
    Once you submit your withdraw request, Paypal will make 2 small deposits to your bank within 2-3 days.

    Then Check your bank account and now enter those 2 small deposits in your paypal account.

    And once you fill / verify those 2 small deposits with Paypal,
    it will verify your account and also clear your withdraw request.
     
  18. Knoxgates

    Knoxgates Supreme Member

    Joined:
    Aug 9, 2008
    Messages:
    1,266
    Likes Received:
    918
    Four indian banks are offering cards with a credit limit of 80-90 per cent of the fixed deposit. Just make 25,000 as fixed deposit in any of these banks(ICICI, Kotak, ABN AMRO, AXIS) before making a fixed deposit tell them that you need a credit card.

    Code:
    http://business.rediff.com/report/2009/sep/14/perfin-have-a-fd-get-a-credit-card.htm
     
    • Thanks Thanks x 1
  19. mcothman

    mcothman Newbie

    Joined:
    Mar 29, 2010
    Messages:
    7
    Likes Received:
    1

    yes that's true !
     
    • Thanks Thanks x 1
  20. azad_forever

    azad_forever Newbie

    Joined:
    Oct 23, 2009
    Messages:
    41
    Likes Received:
    17
    Occupation:
    Blogger, Developer and Marketer
    Location:
    India
    Home Page:
    i used HDFC netsafe card to verify my account almost same as E-wallet by ICICI.