Indian Warriors, anyone using a Paypal Business Account?

by kumar
1 replies
I am facing a weird issue trying to open a Business account with Paypal and from a quick web search, looks like a lot others are, too.

I am a Sole Proprietor, so have my PAN Card in my name. Last time around, when I tried to create a Business account with my Company name, Paypal said it could not validate my PAN Card. This is obvious since my PAN Card has my name on it while my Current Account has my Company's name on it.

The resolution given by one of their reps was this:

"Open a Savings Bank Account with the name as per PAN. This will help Paypal verify your PAN against bank records.
Then open a Current Account with the Business name, and add this account as the auto-withdrawal account in Paypal."

I didn't try this as some posters on another forum did exactly this and were told by Paypal that their auto-withdrawal account needs to be the primary bank (i.e. the bank that Paypal verifies your PAN against).

How are you guys doing with Paypal,? Any suggestions or alternatives to Paypal that you may suggest? I want to provide marketing services to small businesses based mostly in the US.

Thanks!
#account #business #indian #paypal #warriors
  • Profile picture of the author lotsofsnow
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    • Profile picture of the author kumar
      Originally Posted by hpgoodboy View Post

      If a Paypal rep told you to do it: Go for it.
      Spoke on phone with her. I am opening a ticket too, so whatever they say
      will be documented.
      Signature

      Life is not a sprint, its a marathon. A bad start does not really matter too much

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