We are pleased to announce that PayPal has been notified by the Reserve Bank of India (RBI) that Indian PayPal accounts can now receive payments for goods and services up to USD 3000 per transaction (raised from USD 500 per transaction), effective immediately.
To comply with the RBI guidelines, you must add a Permanent Account Number (PAN), Purpose Code, and local bank account to your PayPal account in order to continue receiving export-related payments. Instructions on how to do this can be found here.
For workers who would like to receive more than $3000 per payment period, we are still offering the multiple payment option. If you would like to set up your account to receive multiple payments, please use the site feedback form to contact Finance and post the following:
"Hello, I have an Indian PayPal account and would like to try the multiple payment option. I understand that vWorker is doing this as an experiment and cannot guarantee this will work, or will work permanently. I also understand that the fixed price fee of $2 will be charged for each payment made.”
If you wish to update your payment settings now that this change has been made, you may do so by going to the "My pay options" page of your account.
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