First business payment

Taruun
Contributor
Contributor
I set up a business account this morning and after my client sent a 100$ paypal asked to expand limit and verify by sending 50$ back n forth to verify. I did everything and got verified but still no update on the fund transfer. Please help me out here. Am from india
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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Taruun 

 

> paypal asked to expand limit and verify by sending 50$ back n forth to verify

 

It’s a scam! You didn’t get paid. 

 

PayPal would never ask you for a lot of money, to send it back and forth to verify your account.. PayPal never say ‘expand limit’, they say ‘lift limit’ so the email/message is not from PayPal and is fake. PayPal doesn’t ask you to send money to them in order to receive payment. Any PayPal fees are automatically deducted from the payments and give you the rest.

 

To verify account, you link a bank account and PayPal send two VERY small deposits and you enter those small amounts in the Wallet then PayPal withdraws the 2 very small amounts.

 

If you link a card, PayPal temporarily charges $1.95 USD or equivalent in your currency with a 4 digit PayPal code that you enter for the card in the Wallet page then PayPal refunds you.

 

To receive payments in PayPal India, you have to complete KYC:

KYC - Know Your Customer - PayPal India

 


Kudos & Solved are greatly appreciated. 🙂

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2 REPLIES 2
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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Taruun 

 

> paypal asked to expand limit and verify by sending 50$ back n forth to verify

 

It’s a scam! You didn’t get paid. 

 

PayPal would never ask you for a lot of money, to send it back and forth to verify your account.. PayPal never say ‘expand limit’, they say ‘lift limit’ so the email/message is not from PayPal and is fake. PayPal doesn’t ask you to send money to them in order to receive payment. Any PayPal fees are automatically deducted from the payments and give you the rest.

 

To verify account, you link a bank account and PayPal send two VERY small deposits and you enter those small amounts in the Wallet then PayPal withdraws the 2 very small amounts.

 

If you link a card, PayPal temporarily charges $1.95 USD or equivalent in your currency with a 4 digit PayPal code that you enter for the card in the Wallet page then PayPal refunds you.

 

To receive payments in PayPal India, you have to complete KYC:

KYC - Know Your Customer - PayPal India

 


Kudos & Solved are greatly appreciated. 🙂
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Taruun
Contributor
Contributor
Thank you so much brother. U have saved me🤝🫡
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