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For those who buy and sell on EBay, PayPal is the most popular method by which funds are transferred. PayPal is available throughout much of the world. One place where PayPal is not available, however, is India. PaisaPay is the Indian equivalent of PayPal. Fortunately, PaisaPay allows PayPal users to transfer money in several easy steps.
Before monies can be transferred from PayPal to PaisaPay, the sender is required to have a valid PayPal account. If one is not already in place, go to the PayPal home page, which is paypal.com. Click on "Sign Up." Follow the on-screen instructions to create a PayPal account. When the account is created, the user will then be able to send money to PaisaPay.
Access the online PayPal account by entering the valid email address and password that were submitted during the sign-up stage. The boxes in which to enter the data are located at the top of the PayPal homepage. This will take the user to their personal, online "My Account" page. Near the top of the page is a section titled "Withdraw." This contains a sub-section with the name of "Transfer to Bank Account."
To make a payment to PaisaPay from PayPal, it is necessary to enter the details of the bank account in India that is linked to the PaisaPay account. In the "Transfer to Bank Account" section, there is a link that reads "Add Bank Account." Type in that box the relevant bank name, the account number, and the routing number. Then submit the data. Once the information has been accepted, funds can be transferred from PayPal to PaisaPay.
To send money to PaisaPay from PayPal, click on the "Withdraw" section of "My Account" at paypal.com. This will open the "Transfer to Bank Account" page. The name of the bank associated with the PaisaPay account will now be visible in a small box. Type the specific monetary figure in the box titled "Amount." Then click on "Continue." This allows the user to review all the data before confirming the transfer of funds via the "Submit" button.
- Ensure that your PayPal password is a complex one. Avoid simple combinations of letters and numbers in "123" and "ABC" style.
- Never let your PayPal balance fall below the amount of money you wish to transfer to PaisaPay. Doing so will result in financial charges to your account.
- Sean Gallup/Getty Images News/Getty Images