PayPal, the e-commerce site which allows payments and money transfers to be made through the Internet has got aÂ new look and also has added some new features which might be of interest for users in India.
For one, PayPal has introduced new hosted payment buttons. Specific buttons receiving the refresh include: Buy Now, Pay Now, Add to Cart, Donate, Buy Gift Certificate and Subscribe.
If you are using any of the above buttons, you might have already noticed the change. The button does look a lot better compared to the old dull looking button. Now I hope more people will notice the “Donate” button on my weblog 😀
The official PayPal blog post has more details on this new feature.
PayPal had recently introduced a new feature via which you could withdraw the money in your PayPal account to your Visa Card (credit or debit). However at that time I was not able to add my Indian visa debit card and only my Visa Credit card was eligible to receive payment via the above option.
Now PayPal has added a feature (probably of more interest for users in India) via which you can withdraw funds directly to your bank account in India.
Transfers to the following banks in India can be done via PayPal.
For adding the account, you should first know the IFSC (Indian Financial System Code); the code is unique for the bank branch and is not specific for your account.
The Indian Financial System Code (IFSC) is an alpha-numeric code designed to uniquely identify bank branches in India. This is an 11 -digit code with the first four characters representing the bank code, the next character is a control character, and the last 6 characters identify the branch.
The Reserve Bank of India publishes the IFSC and MICR codes, but only IFSC codes should be used. Please contact your bank in India for this code.
Withdrawing to your bank account is much faster than ordering a cheque and I hope even Google Adsense can come up with a feature like this 🙂