paypal changes user agreement for india
By ketulshah84
@ketulshah84 (81)
India
January 28, 2011 11:46pm CST
recently paypal changed user agreement for india
according to that, any balance in and all future payment into paypal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer
2 people like this
3 responses
@sreejithsreenivas (10200)
• India
29 Jan 11
It means that in future we cannot transfer money from paypal account to our bank account.
1 person likes this
@tigeraunt (6326)
• Philippines
29 Jan 11
hi sree,
i think ketulshah means that after you receive your paypal payout, you need to transfer it within 7 days to your bank account.
problem is you can no longer use your income to purchase. you dont have the liberty to use your money where you prefer to. i think that is bad news. but if you are saving, then its ok.
ann
1 person likes this
@tigeraunt (6326)
• Philippines
29 Jan 11
hi ketulshah,
i dont understand if its a good news or not.
does that mean that you can no longer send it to a paypal account of someone outside of india if you have orders or something? then how are you going to pay them?
ann
@tigeraunt (6326)
• Philippines
30 Jan 11
hi again,
i heard from a friend that all indian mylot users were given a notice about it. well, i am not sure if it said what is going to happen to your money if not transferred within 7 days.
i hope indian mylot members will clear this up. what else is in the notice? do share. i find this unfair to you guys.
ann
i hope indian mylot members will clear this up. what else is in the notice? do share. i find this unfair to you guys.
ann@ketulshah84 (81)
• India
30 Jan 11
yes...i guess so..
and what if someone is not able to transfer the fund within 7 days?? will the money still be there or not?
