Does PayPal Work in India in 2023? (All You Need to Know)

PayPal is a popular online payment system that enables people and businesses to send and receive money across borders. It has been operating in India for many years, providing a fast and secure way to make and receive payments in Indian Rupees and other currencies.

In recent years, PayPal has become an increasingly popular payment option in India, with more people and businesses using the platform to transact online.

In this topic, we will explore how PayPal works in India, including how to set up an account, link your bank account, and use the platform to make and receive payments. We will also discuss the fees associated with using PayPal in India and any other important considerations for users.

Stay here to learn more!

Table of Contents

Does PayPal Work in India in 2023?

The short answer is yes, PayPal works in India in 2023. With the Indian government’s recent push to digitize the economy, PayPal is now available in India for both domestic and international payments. According to the Reserve Bank of India (RBI), PayPal has been granted permission to operate in the country and launched operations in 2019.

Is It Banned in India?

No, PayPal is not banned in India. Since 2019, the RBI has allowed the online payments service to operate in India with permission from the central bank. This permission was granted after the government’s push to digitize the economy and encourage online payments. PayPal is now an accepted form of payment in India, both domestically and internationally. It is a safe and secure way to send money anywhere in the world.

How to Get a PayPal Account in India?

To get a PayPal account in India, follow these steps:

Go to the PayPal website and click “Sign Up” in the top right corner.

Select the account type you want to create (Personal or Business) and click “Continue.”
Enter your email address and create a password for your account.
Fill in your personal information, including your name, address, and phone number.

Provide any additional information requested by PayPal to verify your identity.
Link your bank account or credit/debit card to your PayPal account.
Confirm your email address and complete any additional steps required to activate your account.

How to Use PayPal in India to Receive Money?

To use PayPal in India to receive money, follow these steps:

Log in to your PayPal account and go to the “Request Money” tab.
Enter the email address or mobile number of the person or business you want to receive money from and the amount you’re requesting.

Choose the currency in which you want to receive the payment (Indian Rupees, US Dollars, etc.).
Add any details or notes to help the sender identify the payment, such as an invoice number or description of the goods or services provided.
Click “Request Money” to send the request to the sender.

The sender will receive a notification from PayPal with instructions on how to complete the payment.
Once the payment is received, it will be credited to your PayPal account balance.

How to Pay Someone?

To pay someone using PayPal in India, follow these steps:

Enter the email address or mobile number of the person or business you want to pay and the amount you want to send.
Choose the currency in which you want to make the payment (Indian Rupees, US Dollars, etc.).
Select the payment type (goods, services, or personal payment) and add any notes or details to help the recipient identify the payment.

Review the payment details and click “Send Payment Now” to complete the payment.
The recipient will receive a notification from PayPal that they have received the payment.

Is a Bank Account Required for PayPal in India?

Yes, to use PayPal in India, you need to link a bank account to your PayPal account. When you sign up for a PayPal account in India, you will be prompted to link a bank account or credit/debit card to your account. This is necessary to transfer funds to and from your PayPal account.

To link your bank account to your PayPal account, you’ll need to provide your bank account details, such as your account number and IFSC code. PayPal will verify your bank account by making a small deposit and asking you to confirm the amount deposited. Once your bank account is linked and verified, you can transfer funds to and from your PayPal account.

Can You Use PayPal India Without a Card?

Yes, you can use PayPal in India without a card. While you can link a credit or debit card to your PayPal account to make payments, it’s not required. Instead, you can link your PayPal account to your bank account to transfer funds to and from your PayPal account.

Conclusion

In conclusion, PayPal is available and operational in India in 2023. Now you know how to use PayPal in India, and you need to sign up for an account, link a bank account or card, and then you can use it to send and receive payments in Indian Rupees or other currencies.

Be sure to review PayPal’s fee structure and other policies before using the service to avoid any surprises.