Paypal has today announced officially that it has increased the receiving limit of all Indian Paypal users to 10000 USD per transaction. Previously the receiving limit per transactions were 5000 USD which often created problems for users who were dealing with transactions above 5000 USD, In which they were forced to do multiple transactions. Below is the complete Mail from Paypal regarding the notification :-
With the increased transaction limit, you can:
• Accept credit and debit card payments anytime, anywhere on your website, mobile, eBay listing, or simply by sending an invoice.
• Increase your global presence by selling to over 132 million active PayPal users in 193 markets around the world, accepting payments in up to 25 currencies.
• Leverage on our industry-leading fraud prevention and risk management systems to keep your business secure and minimize losses.
To receive export-related payments, merchants must confirm their email address, and add a Permanent Account Number (PAN), Purpose Code and local bank account to their PayPal Account. If you have any queries, please log in to your PayPal Account and click on the ‘Contact Us’ button.
We look forward to continuing to support your export business through our global online payment platform.
The PayPal Team