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Paypal Purpose Code

Discussion in 'Business & Tax Advice' started by cash8home, Aug 12, 2011.

  1. cash8home

    cash8home Junior Member

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    Hi,

    I have few funds lying in my paypal account, which I want to withdraw. It is asking for one time Purpose Code. Please suggest what should I fill.

    I will be grateful if somebody from India who has already done it before may help.

    Thanks.
     
  2. synfig

    synfig Regular Member

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    P0805 - for content writing, journalism, blog writing earnings
    P0801 or P0802/03 - for affiliates, ad and other commision based earnigns (and most of the freelancer work).
    P0902 - website design, outsourced tasks on fiverr type, arts,

    This is what my interpretation of the code. You should consult with finance experts who know such stuff or simply search on search engine for Paypal purpose code.
     
  3. cash8home

    cash8home Junior Member

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    I earned few bucks from cpa network and they transferred it to my paypal but there does not seem any appropriate category in Purpose Code.
     
  4. synfig

    synfig Regular Member

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    CPA earnings should go into P0801 or P0802/03 IMO.
     
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  5. cash8home

    cash8home Junior Member

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    Thanks for your concern.

    In Paypal these Codes are not mentioned "P0801 or P0802/03 IMO."

    There is a list which reads as under:-

    Content & Journalism
    - Freelance Journalism
    - Other information services
    Information Technology
    - Hardware Consulting
    - Software Consulting
    - Data processing consulting
    Travel
    - Business related travel purchase
    Licensing of creative works
    - Licensing revenues
    Export of Goods
    - Cross border shipment
    Other Services
    - Legal
    - Accounting and tax
    - Business and management consultancy
    - Advertising and marketing ressearch
    - R&D
    - Architectural Services.

    Please suggest.

    Thanks.
     
  6. pavan

    pavan Elite Member

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    use
    P0801 for affiliate earnings

    paypal will ask you for pan card as well before withdrawing
     
  7. cash8home

    cash8home Junior Member

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    Pavan what is P0801 from above list.
     
  8. cracknut

    cracknut Junior Member

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    I do CPA and usually use "Advertising and Market Research" and the transfer goes through, without any probs.
    Hope that helps :)
     
  9. pavan

    pavan Elite Member

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    choose
    other services > Advertising and marketing research

    anyhow your payments will go through
    purpose code is used just for the information provided to RBI
     
  10. IndianGrad

    IndianGrad Junior Member

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    So for Fiverr income, it is always P0902?
     
  11. _Sunny_

    _Sunny_ BANNED BANNED

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    lol,do we really need to fill in correct info?
    I never did....no probs faced ever,hehe
     
  12. pavan

    pavan Elite Member

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    purpose code hardly matters
    but have you tried using fake pan card no. ?
    any success with that ?
     
  13. _Sunny_

    _Sunny_ BANNED BANNED

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    yea...when Paypal started asking PAN cards to be used in accounts, I googled and entered the PAN number and its still the same.


    As per RBI guidelines, PAN comes into play when you process transactions over Rs. 50k in a day in one bank account, so even if you're having a fake PAN in your paypal account but transferring amount less than Rs.50k, you should be fine.
     
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  14. cash8home

    cash8home Junior Member

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    Thanks everybody for the suggestions. I have set the code now to

    Other services > Advertising and Marketing Research

    Best Regards.
     
  15. jass11

    jass11 Elite Member

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    Just one thing you need to remember while entering fake pan -
    Pan card's 5th letter must be same as the first letter of your last name.
    its footprint to Indian PAN No.s :p
     
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  16. praveenzh0

    praveenzh0 Registered Member

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    iam using purpose code as data procesing and consulitng is it wrong code. but i have never had problem in transfering to my bank account till now (all are above 50K) also i am using original pancard not fake
     
  17. ``Yousef

    ``Yousef Power Member

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    Wow you Indian dudes have it hard :/. Out here it's just straight withdraw -> bank account within three days.