In today’s pacing world, online payments are a way to go. One of the most famous portals which is frequently used is PAYPAL, as it’s accepted worldwide. It works both as a Bank and an online platform. And if you are an Indian citizen, then there is no extra charge levied on opening a Paypal account. You simply have to visit Paypal’s official website and fill in the necessary details, and registration will be completed. And a necessary step about linking a PAN Card with a Paypal account must be completed to indulge in any financial transactions.
But if you wonder How to Link PAN Card with a Paypal Account, this guide will help you entirely, starting from the basics to its benefits.
Table of contents
The Process to Link PAN Card to PayPal Account
To link PAN Card to PayPl account, you simply have to follow the steps mentioned below:-
- Login to the Paypal account you have created by using either the Paypal application or the official website of Paypal.
- Now, you have to select My Profile or Account Options.
- Under it, click on Update details of PAN Card.
- After entering the details correctly, your PAN Card number will be reflected throughout the profile.
- Just ensure that you have either note down or remember the EMAIL ID by which the PayPal account is created to be saved from any future hustle.
If you don’t want to go with this mode, you can always call or email customer care to interlink these documents.
Disclaimer: You don’t need a credit/debit card at the time of Paypal account creation. They’re needed only at the time of making any financial transactions. And to do so, the interlinking between PAN Card and PayPal Account must be complete. Your bank account details might be needed in some cases to perform any financial transaction via Paypal Account. Just ensure that you fill all the credentials like Name, Address, Date of Birth, Bank Account Number etc. correctly.
Benefits
There are some benefits which leads the importance of linking a PAN Card with a Paypal account:-
- It allows you to proceed further with online payments. Without a valid PAN Card, you won’t be able to process any online payment.
- In case you forget to interlink them, you won’t be able to make any sales with any merchandise or send money anywhere.
So, for smooth processing, it is advisable to link a PAN Card with a Paypal account.
Is it Necessary to link PAN with PayPal?
If you want to open your Paypal account without linking the PAN Card, then you can. There is no need to enter your PAN Card credentials if you don’t want to interlink it with a Paypal account. But, to send or receive online payments using a Paypal account, it is a mandatory clause to interlink PAN Card with a Paypal account. If you are an individual who still does not have a PAN Card, you can apply for one after opening a Paypal account. And after receiving the PAN Card, enter the details to initiate the process of online payments smoothly.
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Frequently Asked Questions (FAQs)
Is PayPal an Indian Firm?
No, Paypal is an American firm.
Is it Mandatory to Link a PAN Card with My Paypal Account?
You must interlink the PAN Card with your Paypal account to send and receive money.
Is PayPal an Online Application or a Bank?
Paypal is an online payment platform that can send or receive money. It can also be used as a mode of payment between sale transactions or any online shopping website.
Is The PAN Card Details Important for a PayPal Account?
To verify the authenticity and completion of KYC(Know Your Customer) for a PayPal account, it is necessary to have PAN Card details.
What happens if my PayPal Account is not Verified?
If your Paypal account is not verified, then you won’t be able to initiate any financial transactions.
Do I Need a Credit Card or Debit Card to Open a Paypal Account?
No, there is no need for you to have either a Credit or Debit Card to open a Paypal Account.
How Can I Link my Debit Card with the Paypal Account?
To link your Debit Card with the Paypal account, you have to Login the Paypal account. Afterwards, go to the wallet and select the option of linking either a Debit or Credit Card. Enter the card credentials carefully, and your card will be linked with the Paypal account.
Should I Proceed with Interlinking my Bank Account with the PayPal Account?
No, it’s not advisable to interlink your bank account with a PayPal account. If in case, your Paypal account gets compromised, the money will be automatically debited from the bank account attached to your PayPal account.
Is it Important to Link Credit or Debit Cards with the PayPal Account?
No, it is not important, as the Paypal platform has many more features to offer you.
Which Card can I Link with my Paypal Account?
Paypal majorly accepts all the important cards like Mastercard, Visa Card, Discover and American Express etc. But, you can further check while entering your card details on the Paypal platform. It will reflect the message suggesting the same if it doesn’t support the card.
