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Purpose code for registration

What is the purpose code for receiving royalty payments from books sold in other countries?

Best Answer


  • GianmarcoPayoneer
    GianmarcoPayoneer Confirm Email, Administrator Posts: 2,241 ✭✭✭✭✭✭✭

    @gkmoinudeen Could you please specify what do you mean by purpose code?

  • gkmoinudeen
    gkmoinudeen Member Posts: 2

    while registering the following screen is showing..

    Select Purpose Code To comply with RBI regulation, select the purpose code that most accurately describes the transactions you are being paid for through Payoneer.
    The purpose code you select will be applied to all future transactions
  • [Deleted User]
    [Deleted User] Posts: 1,302

    @gkmoinudeen We cannot advise you which purpose code to select- you will need to input the purpose code that best fits your business needs