Pay pal in Mylot. / myLot

India

December 14, 2012 7:24am CST

We are two people from same family but we have only one pay pal account. So can we both use same pay pal account to get payments here or do we need to make different accounts as Indian govt has put too many restrictions on pay pal accounts.

1 person likes this

3 responses

Hence27

@Hence27 (450)

• India

14 Dec 12

Sorry,i don't know much about it.But it is allowed to have two accounts with the same computer,but different email ids and different Paypal ids.You can also check FAQ and contact option for more information about this.

Hence27

@Hence27 (450)

• India

14 Dec 12

Hi,Lamb,i know it.But thanks for this answer and you can also check http://www.mylot.com/o/contactus.aspx

Hence27

@Hence27 (450)

• India

14 Dec 12

Hi,oh,i saw it.Thanks for your kind response.

asweetie

@asweetie (1187)

• India

14 Dec 12

Thanks Hence 27, forver and unforgetable for your responses , now I can do it without any problems.

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sajujohn

@sajujohn (1005)

• India

14 Dec 12

hey no need for that. you can trasfer the amount to your single Paypal account. There is no restriction for that. Mylot will transfer the amount to the Paypal account whatever it may be that you have mentioned. Payapal or the Indian governement never put such a limitation. It's same as we can open a joint account as in our banks.

asweetie

@asweetie (1187)

• India

14 Dec 12

Thanks sajujohn, Now Indian govt want all the pay pal accounts to be connected to bank account and I donot wish to do it so i would use my family members account. Thanks

sriroshan

@sriroshan (2585)

• India

14 Dec 12

But keep in mind if your family member is filing the Income Tax Returns then he has to show this money being received in his bank as Income from Other Source (other income), which is added to total income for the year and will be taxed accordingly.

sriroshan

@sriroshan (2585)

• India

14 Dec 12

Yes you can do it but you have to declared it to Mylot by filling or adding the information in payment mode. I am sure one of the member had provided the link also in his discussion. But don't forget to keep the track about what you get via paypal to your bank since this earning is added as other income when you file your Income Tax Returns.