How to use PayPal to do online shopping

As long as you shop online, you will meet the problem: how to pay for your goods? Most of the online shops use PayPal to deal with the problem. PayPal, the trusted leader in online payments, enables buyers and businesses to send and receive money online. So today I will write the tutorial of how to use PayPal to make your online shopping more convenience.

First you need to register in PayPal. There are 6 steps:

• Login PayPal site: www.paypal.com;
• Click the “Sign Up” button in top of Home page;
• Fill in the register table;

• Open the confirmation email in your register mail address;
• Click the confirmation address in your email account, you will be lead to PayPal again, then input your password and click “submit”. Now your PayPal account is activated.

There are three kinds of account type: Personal account, Premier account and Business account. Usually if you just want to do online shopping, you’d better start with personal account.

After your get your PayPal account, you just need a credit card or deposit money to your PayPal account, then you will do online shopping as you want.

Update on Paypal withdrawal to Indian bank account.

There is an update on the Paypal funds withdrawal to Indian bank accounts. The latest blog post by Farhad Irani in The Paypal blog is encouraging.

Paypal was expecting to resolve the issue by today but they foresee some more delay. From what is sounds, we may be able to withdraw our Paypal balance to Indian bank in less than 24 hours. This is my guess.

Farhad said that we can still withdraw funds either through check or to our credit card without any issue.

I quote him:

"It has always been possible for sellers to request a check or withdraw funds to a credit card, and these options are still available from the Withdraw Money tab of your PayPal account".

Reda the full story at https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/

Paypal and India.

So, at last, the cat is let out of the bag. It is the honorable Reserve Bank of India that rocked the boat for reasons known only to them. Instead of seriously looking into their own policy, they simply ordered the Paypal to suspend all the (well almost) transactions of Indian residents.

Hundreds of IT companies in India and thousands of freelance computer professionals rely on PayPal, to receive payments from overseas clients.

This is what Alpana Killawalla, a RBI spokesperson is reported to have said:

"Providers of cross-border money transfer service need prior authorization from the Reserve Bank under the Payment and Settlement Systems Act,” said. “PayPal does not have our authorisation.”

And how else Paypal has a big office in Madras?

All those freelancers (including I ) and small IT companies bring in quietly, foreign currency into India without spending any foreign currency. We are indebted to Paypal by making things easier for us. Paypal used to process our money withdrawal requests into our bank in 5 days.

Now, everything is stopped. While Paypal is extremely kind enough to email every affected Indian merchant and apologise for the recent hiccups, Indian Government has not come out with any clear statements as to why this drastic step has been taken unmindful of the hardships faced by its citizen.

Read the source. Times of India

Also read Thepaypalblog.com