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Add funds to PayPal Account via Local Bank Transfer

Written by Amit Bhawani on Friday, 8 August 20088 Comments
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Amendment to the PayPal Payments Policy

Notice Date: 14 July 2008
Effective Date: 3 September 2008

Beginning 3 September 2008, PayPal will introduce a new method to add funds to your PayPal Account in select countries.

Adding Funds to your account (Topping up)

1. Topping up. PayPal customers in the following countries may add funds to their PayPal Account via bank transfer from their local bank accounts: Italy, Ireland, Belgium, Austria, Denmark, Greece, Portugal, Poland, Finland, Hungary, Czech Republic, Luxembourg, Singapore, Hong Kong and Mexico. Funds may be used for the purchase of goods or services over the internet. Due to bank processing times, it may be a few days from your initiation of the transfer that the funds will appear in your PayPal Account.

2. Fees. PayPal will not charge you a fee for topping up from a bank account, however, your financial institution may charge you a fee to send the funds to PayPal. Please check with your bank prior to sending funds.

3. Limitations. Only customers in the countries listed above may add funds to their PayPal Account via bank transfer. The funds must come from your bank account into a PayPal Account with the same name as the registered account holder. In the event you attempt to send funds from an account wherein the name on the PayPal Account and the name on the bank account do not match, the funds transfer may be rejected by PayPal. You will be liable for any fees incurred for attempted transfers to accounts that do not have the same registered owner. For fraud, risk and regulatory reasons, PayPal reserves the right to limit the amount that may be topped up at any time.

4. Redemption. Top up funds may be redeemed for good or services from other PayPal customers and may be refunded to your registered bank account, where available and in accordance with PayPal’s withdrawal policies as shown below.

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8 Comments »

  • Amar said:

    Pretty good article,,

    but its really sad to know that India is not in the list

    :(

    I am sure paypal has a lot of users from india, they should start this facility in india also..

    Isnt it guys ;)

    - 8 August 2008 at 2:01 pm
  • Venkat said:

    ya, its really surprising that a country like US is also not on the list also, hope even Google Adsense can get something like paypal, which allows users to buy products from the funds from the account.It can really useful for users with Adsense account so that we can buy products from google products.

    - 8 August 2008 at 10:18 pm
  • Make money said:

    why India is always late :(

    - 9 August 2008 at 10:57 am
  • Amit said:

    ya its very sad to Indians…

    - 9 August 2008 at 6:44 pm
  • Pavan Kumar said:

    That would be great if India is included…

    - 11 August 2008 at 2:46 am
  • Eerik said:

    Sorry for you guys. Too bad India is not on the list… I don’t need to add funds to PayPal anyway… I just collect! :D
    And like Venkat said, it would be great if there was one account balance for Adsense and Adwords so you could use your Adsense funds to buy Adwords advertising, for example.

    - 14 August 2008 at 7:19 pm
  • Prasanna Tripathy said:

    It’s really sad to see paypal overlooking a country like India.May be in near future they come up with some change in the rules.
    Prasanna Tripathy

    - 31 August 2008 at 11:40 am
  • SUNDARARAJ said:

    I AM RESIDING AT INDIA. I HAVE TO RECEIVE A SUM OF 5.5 MILLION POUNDS FROM UK. HOW TO GET IT THROUGH PAY PAL

    - 14 September 2008 at 5:01 am

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