Is the money pending still? If someone just sent you the money it might not have cleared just yet. Sometimes an "e-check" is issued and it can take a couple of days to show as completed before you can actually access the funds.
If you are from India, you would need to pay by CC. PP balance can't be used to pay for anything.
I am from the USA and I have $120 available.
Am I eligible for Jr VIP?