How To Receive Money From PTC Sites.

In order to receive payments from PTC sites you will have to register/signup at E-commerce site like PayPal or Payza.  registering/signingup at E-commerce site is free but they do charge some fees for money transfer. I personally recommend Paypal as it is accepted globally and never had any issues in transferring money


Note: Following is the procedure for Indian citizens only if you belong to foreign country Google it your self. If you don't have PAN card don't worry create a Payza account but remember you will need PAN card for withdrawing money to your bank a/c.

PayPal is a global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.

PayPal is an acquirer, performing payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It may also charge a fee for receiving money, proportional to the amount received. The fees depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type.

 

Things you need to know for creating account on Paypal : 

 

In order to comply with the RBI Guidelines, all PayPal users in India must:

  • Add a Permanent Account Number (PAN) and Purpose Code.
    By adding this information, you will continue to receive export-related payments into your PayPal account and your account will not be limited from receiving future payments.
  • Add a bank account in India.
    This will help us to auto withdraw your PayPal balance out of your PayPal account and transfer your balance to your bank account in India. Note: If you don't add a bank account in India to your PayPal account then your PayPal account will also be limited from receiving export-related payments.

 

FAQ's:


1.How can I create a Paypal account?
Go to its official site (www.paypal.com) and register by providing you personal detail.

2.What are the basic requirements to apply for the account?
You need to be 18 years and above, PAN card is a must and you need to have valid email account. Address proof mandatory in some cases.

3.How they charge for the transactions made thorough the account?
Very less or nominal transaction fee or commission used to deduct from your Paypal account.

4.How can I transfer money from Paypal to my bank account?
When you signup to Paypal a/c, you will be asked to provide your bank account matching the name with valid email ID that registered in Paypal a/c. Make sure, your full name should match in both email a/c and bank a/c. Based on your email ID given, once amount credited to your paypal a/c - you may then automatically (some cases by manual) be credited into your bank a/c. You can withdraw from your bank a/c. It can happen vice-versa in case you use Paypal a/c for online purchase if any.

5.How much does it cost to create an account?
Free of cost to create Paypal a/c. Paypal will deposit a small amount to your a/c during its opening to validate within few days.


Payza is an e-commerce business that allows payments to be made between Payza members through the internet. For personal users, it is a low-cost method for transferring money internationally and a platform for the purchase of goods and services online. For merchants, Payza serves as a platform for e-commerce processing, corporate disbursements and online business management tools, including invoicing and foreign exchange. Payza is a U.S. licensed money transmitter agent with offices in London, New York, Montreal, Mumbai, Dhaka, Solna, and Moldova.

Payza supports sending and receiving payments in 190+ countries in 21 currencies, including developing and under served marketplaces. Individual customers can open an account with Payza through registering their email address and personal data on the company's website. Completing an optional identity verification process allows the sending/receiving of higher-value payments. Accounts are identified by email address(es) associated with them; consequently, payments made from a Payza account (other than withdrawals to one’s own bank account or a prepaid card) is like "sending" money to an email address. For businesses, Payza provides several business management tools such as checkout buttons, shopping carts, support for invoicing and payouts, and tools for developers to integrate Payza with their websites.

 

Things you need to know for creating account on Payza : 

 

1.Click here to goto Payza’s official website.

2.Click on the ‘Sign-up now’ button

3.Select the account type you’d like to have (Personal Pro is a great place to start as Personal Starter will only allow you to receive $400 per month and $2000 over the lifetime of your account)

4.Proceed through the signup steps and be sure to provide valid information to complete the process. It is best to use an email address the public does not have access to as it will minimize the chances of your account being hacked. Your password should be strong but easy for you to remember.

5.A confirmation link will be sent to your email address. You will need to click on the link or copy and paste it to your browser to confirm your account.

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  2. Hey man this post really help me and thanks for that. I have also found List of top 10 trusted PTC sites in India 2014. Again thanks man.

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  3. oh then for payza account it doesn't required pan card??

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