There is no PAN card for paypal can any help me:

India
November 29, 2012 9:41pm CST
I am an Indian I don't have a PAN now. How can I get my payment? is there any other means to get Payment. I applied for PAN, can I update my account ofter getting the PAN number please give me suggestions about this.
3 responses
Tina83
@Tina83 (1223)
• India
30 Nov 12
yes you an update your Paypal address after getting PANCARD it takes less then 100 RS and less then a month to get that ,I feel now best is LR
josechukkiri
@josechukkiri (3014)
• India
30 Nov 12
I don't know how LR is better than paypal. It is better to take pan card and submit it with paypal and enable the automatic withdrawal to your bank. Paypal will transfer the fund to your bank account within 24 hours.Is there any such pay processor in the world?
nani4ajay
@nani4ajay (108)
• India
30 Nov 12
Thank you for your valuable advise.
Tina83
@Tina83 (1223)
• India
30 Nov 12
Jose,actually Paypal dealing is not easy for Indians ,LR is more hassle free then Paypal .Frankly In LR you can sell /buy according to your choice but in Paypal its not the same Till now I have withdrawn 20k dollar from Paypal but after the strict rules, LR became better option.
Arnab Roy
@arnabroy16 (438)
• Howrah, India
30 Nov 12
When you will get your Pan card create your Paypal account on Paypal using your email and Pan card then update your paypal account in mylot...
mohkanari
@mohkanari (1957)
• India
30 Nov 12
Don't worry about these matters as there is enough time to complete it. I think you will get your PAN Card soon, otherwise contact the office where you applied for it. Getting a verified PayPal account is easy for Indians. You need PAN number and a Bank account in India in any Bank having IFSC number [ All important Banks are having it]. Add your verified PayPal e-mail id to your MyLot profile. On reaching $10 MyLot pay it to your PayPal account. As you are in India PayPal automatically transfer the amount in Indian Rupees to your bank account attached.