But a small drawback in paypal is, it not supports debit cards. If you register your credit card with the paypal account, paypal gives you unlimited transaction or else the maximum transaction will be only $500. Many who doing small business or using paypal for personal transaction wont have credit card along with them. In that case there is some other way to activate the unlimited transaction.
Nearly most of the banks provide the facility called Netcard or Virtual credit card. These type of cards works as like the credit card. Below are the simple steps to integrate your netcard along with your paypal account.
1. Generate netcard of worth Rs100(INR) or $1.95
2. Goto your paypal account and under MyAccount-->profile--> add/Edit Credit card
- Fill the card number that has been given in your netcard
- Next fill the expiry date
- It asks for three digit CV number, you can find it below the netcard
4. you can find the the 4 digit number in your netbanking account--> netcard details-->
In my case the 4 digit number is 3902.
5. Confirm your card in paypal account by giving this 4 digit number.
Now the credit card has been integrated in your paypal account. But remind that you can't use this netcard even further transaction even in paypal account too, because its an vitual card sending money to this netcard is not allowed. So forget about the netcard that you have created after the successful confirmation in paypal.
Now the amount you have used to creat a netcard 1.95$ will be sent to your paypal account. IN your paypal at the beginning you will have $1.95. The great feature that missing in the paypal, we can't transfer even a single penny from our debit card to paypal account.
Paypal allows transaction from one paypal to another paypal account, paypal to your bank account, paypal to your credit card(real credit card not a netcard).
So if we need money in your paypal account, someone who has paypal account only can send to you. Or else there is some dumb ways to get little amount in your paypal. The way that is creating netcards for each $1.95. (eg., if you need 5.6$ in your account you wanna create three netcards of each $1.95). By means of the same way that we seen above "Add/Edit Credit card" we can add as many number of cards to our paypal account. So adding 3 credit cards and by confirming that three cards in your paypal account. The amount $1.95 will be added for each card in your paypal account.
We can't use this netcard transaction for bulk amounts. If you have patience of creating many netcards and confirming with paypal account go ahead. But it somewhat time consuming process.
