Indian people and also my friends having such problem for linking or verifying their PayPal account with Credit Card and many of us till not having Credit Card. At same time users can't use debit card for verification because Indian bank debit cards are not meet the international debit card standard format.
But now Indian people I have one good news for Paypal users because they can easily verify PayPal account with HDFC bank account. As per bank the users for HDFC bank use HDFC Netsafe VCC (Virtual Credit Card) for verify their PayPal account. HDFC NetSafe VCC (Virtual Credit Card) is a temporarily generated credit card that can be used online to buy products, pay bills in a secure environment and do all kind of online transactions. You can load the VCC with any amount you want (amount to the card will be credited from your HDFC bank account) and can be used for one time only.
How To Verify Paypal Account using HDFC NetSafe VCC in India
If you not have HDFC Netsafe VCC then first you have to create HDFC Netsafe VCC. So after completing this you can verify your HDFC Netsafe VCC with PayPal account. So for verify your Paypal to HDFC Netsafe you follow this steps :Step 1 : Log In you your PayPal account.
Step 2 : Click on Get Verified as show in screen shot.
Step 3 : Select link my card optionStep 4 : Now fill the form show in screen shot
First Name : Enter your Name
Card Type : Select Visa
Card Number : Enter the Virtual Card Number
Expiry Date : Set the VCC expiry date
Security code : Enter CVV2 number
Enter virtual credit card details and click on save and continue.
Now you have added all details of HDFC VCC card to your PayPal account. But for that you have show that you are owner of this VCC. Once you link your credit card PayPal account will take amount of $1.85 to verify about checking card access details. And this way they provide you four digit PayPal verification code which you have to submit to PayPal for activate linked card.
Now if you had verified the account using a credit card, you also have four digit verification code in your credit card statement. But since HDFC NetSafe does not provide any statements, users fail to verify the linked Virtual Credit Card details. And now you are in problem so take look on below steps it will helps you people.
Step 1 : Log In to your HDFC account.
Step 2 : Click on All Accounts/Service
Step 3 : Now click on Txn Details (stands for Transaction Details)
Step 4 : Find the 4 digit Paypal verification code under the Merchant column note that number.
So now you having the four digit PayPal activation code then now go for PayPal verification. Now Log in to PayPal account and click on Get Verified link as shown above and enter four digit code for PayPal verification. And submit it and you will verified your HDFC VCC to PayPal .now enjoy your transaction.
It's PayPal greeting message which will say you that you verified your HDFC VCC with your PayPal account. 
Now enjoy you can enjoy your withdraw and send unlimited on your PayPal account.
There is absolutely no use in verifying HDFC Netsafe on PayPal. The verification of Netsafe takes place successfully. But this is done by Paypal by charging $1.95 dollar to your card.
ReplyDeleteThe moment Paypal successfully charges $1.95 to you Netsafe card, the netsafe card becomes unusable, even if you have money left in the card. This is because, your Netsafe card can be used for only one transaction.
So your card gets verified and $1.95 is taken from your account and shifted to your online Paypal account. Paypal does not return that money back to your local savings bank account in India.
But it boasts in the online statement as Bonus Gift from Paypal. They pull the money from us and add it to our online Paypal account. That is all.
Paypal is the most widely used online payment service. But it does not accept any debit cards from Indian banks. And the Netsafe card is useless, because every netsafe card generated and added to Paypal is individually verified everytime by pulling $1.95, and that automatically makes your NetSafe card invalid for any more transaction.
Looks like this is an issue with confirming to RBI norms. Somewhere something is not settled down as per rule I guess. As a result, paying using debit card or netsafe is totally useless and disappointing.
Ultimate sufferers are the Indian customers and this also results in decline of online purchases from Indian customers.
PAYPAL SUCKS!!
ReplyDeleteDear Antony,
ReplyDeleteWhat you said is 100% correct. So that means we can not use HDFC Debit card or HDFC netsafe VCC cards to verify Paypal account.(especially when you want to use it for online payments)
So only solution we are left with is to apply for a Credit card for adding/ verifying in to Paypal??
In short, I have HDFC debit card and account, still I can't buy anything online as most sites accepts Paypal.
Saddest part of the whole story is- HDFC Bank is silent on the issue. I had taken it up with the bank authority - upto the highest level- but just to receive useless mails- over 20 altogether and finally a suggestion to go to bank Ombudsman. Strange.
ReplyDeleteThe whole issue can be solved by simply doing one thing.
Netsafe card is valid for 24 hrs or 1 transaction. HDFC can change it to 24 hr and two transactions instead of one.
Out of these two transactions, one will be used by paypal for verification and the second will bve used for actual transaction by the user.
Unfortunately, I cannot make the learned HDFC Bank officials understand this simple suggestion.
how to change to two transactions from one transactions dude ???
ReplyDeleteThe 4-digit PayPal code usually appears on your credit card statement in 2 to 3 business days and VCC expire in 24 hr. So how this entire process can be significant.
ReplyDeleteand secondly....VCC is only for one time use and paypal charge 1.95USD for credit card comfirm. So how can anyone use VCC on paypal for another payment…..