PayPal is not one offers respite to Indian users. I opened my mailbox this morning and was greeted with following e-Mail from PayPal.
As to provide part of our commitment to a high level of customer service we want to give you a 30 days advance notice of changes to our user agreement for India.
With effect from 1 March 2011, you must the requirements laid down in the communication from the Reserve Bank of India for the processing and settlement of export-related income online payment gateways ("RBI") guidelines facilitate compliance with.
Meet the RBI guidelines, our user agreement will be amended as follows in India for the following services:
Balance in all future payments in your PayPal account cannot be used to purchase goods or services and have 7 days from receipt of the confirmation by the buyer were or services be transferred to your bank account in India; AndExport-related payments for services in your PayPal account may only $ 500 per transaction and were.We seek your understanding as we continue to employ our best efforts to comply with of RBI guidelines in a timely manner.
We regret any inconvenience and hope the advance notice allows you to plan your future use of our services accordingly.
Sincerely,The PayPal team
Simply put, PayPal has now ordered Indian users to the PayPal account other than transfer to your bank account using money. So says $ 50 into your PayPal account and you want to withdraw your hosting services with PayPal, you're out of luck. You can transfer to your bank account...That's it!
Moreover, as Indian PayPal users you won't be able to get over 500 USD for your work in a single transaction. Obviously is a simple work-around, that receiving payment greater than $ 500 in multiple transactions!
All said and done, PayPal makes life harder for its Indian users. We really need a PayPal alternative!
Related posts:
PayPal prohibited domestic payments for Indian users!PayPal India money transfer problem solved, but only PartiallyPaypal can only do stops electronic funds transfer to India you it by check now!PayPal India payments received more ClarityPaypal update: CVS electronic withdrawal service at IndiaTagged as: PayPal, PayPal domestic payments, PayPal funds withdrawal service, India PayPal withdrawals, PayPal problem, RBI
No comments:
Post a Comment