Purpose code to receive prize money from a online Hackathon internationally
So there was a Hackathon held online, in which I qualified as one of the winners. Now they have asked for a Paypal Account so as to remit prize money. On registering myself with Paypal there's something called as 'Purpose Code' which Paypal has set a mandate so as to receive any payments and withdraw them to your local bank account. So which Purpose Code should I select ? P.S I am from India
Thank you for your post! Accounts in India may receive payments for items or services sold internationally. The Purpose Code would be a code that relates to the type of business that you are conducting. I regret that we cannot make the choice for you. You would have to choose the one from the list that best describes your purpose for receiving a payment.
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