indian cannot send money using paypal
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upcoming changes in paypal
Upcoming changes to Paypal is not good for Indian user.
By few00cent
@few00cent (2183)
India
January 28, 2011 7:54pm CST
Did you read the new upcoming changes of Paypal ?...well,From 1st March 2011 Indian user won't be able to pay for services or good using their account balance and all fund should be transferred to Bank account in India within 7 days.Export-Related payments for goods and services into your paypal account may not exceed $500 per transaction.This agreement is set to comply with the RBI Guidelines.
This is really making me upset ..I am not sure if this new agreement is implemented just for user who buys goods/offers service or to everyone..I wonder,what if someone is earning more than $500 a month on neobux or onbux.
worst part is that you cannot send or buy services using your paypal balance.why RBI doing this to us ?
3 responses
@few00cent (2183)
• India
29 Jan 11
yeah,I am not sure if this rule applies only to seller merchant or to everyone.I am so much confused how we going to transfer small amount.at least they should allow us to keep fund in our paypal.
RBI acting so stupid..first they forced us to give out our Pan card details in our Paypal account so that they can trace earning..now I don't understand why they are insisting paypal for this new agreement.
@frontvisions101 (16043)
• Philippines
29 Jan 11
That's a disappointing news. Well, my Paypal account won't let me transfer funds after I've reached the $500 transfer limit. Good thing I've recently applied for a debit card account for the limit to be removed. Maybe you also have the option if you applied for a debit card in your country.
1 person likes this
@few00cent (2183)
• India
29 Jan 11
I guess Your Paypal is not verified yet so there is limitation of $500.
paypal India doesn't has option for Paypal debit Card.We can transfer fund directly to our Bank.
