Hello,
I am in the process of setting up my coaching business as an individual. The nature of business is similar to counselling/consulting done over the telephone/Skype. I am a resident of India and have a PayPal (India) account. As part of my business, I will also have international clients to whom I will invoice in USD.
My questions:
1. My primary currency is set to INR. Will I receive international payments (against the raised USD invoices) in USD or INR currency into my PayPal India account?
2. What is the process of withdrawing these funds into my linked bank account?
3. Any specific protocol/process I need to be aware of? I am reading something about FIRC on the PayPal page, but I am not able to comprehend it correctly.
Can someone please help me understand this in more clarity? All I want to do is start sending invoices to my clients abroad (in USD) and receive payments against them and have them credited to my linked bank account in INR.
Thank you
