To be honest, I am not sure anymore.
I have a Paypal business account and it doesn't accept any gifts at all. As everything is getting linked to our Social security number, while paying taxes I had mention this amount as well. It's just less than 100$ and yet I had to pay extra tax for it and the reason given was, it's a small business and I will have to pay for maintaining it.
So, I have been thinking of this for a while now. Is Paypal the best way to accept payments for individual transactions? What about gift cards like Amazon gift cards? I am not sure whether I can purchase an Amazon.com gift card when I am in India.
Anyway, what do you all think?