Rules in action for indians
By mkannanm
@mkannanm (582)
India
April 8, 2011 5:08am CST
Hi Friends,
Yesterday I purchased an item in ebay and tried to pay it by paypal. But paypal refused to take from by balance for online purchase and requested me to charge it from credit card. So the rule is active against indians. We can't use our balance for online purchase.
What is your experience?
1 person likes this
5 responses
@zralte (4178)
• India
8 Apr 11
I haven't tried to purchase anything with my Paypal balance.
Some friends have mentioned that they have no problem using their Paypal balance. See
http://www.mylot.com/w/discussions/2512458.aspx
That seems a bit strange to me. I am guessing...just guessing here....was your Paypal balance enough to cover your purchase? That could be the reason. Part payment ....I don't know....If some members can use their Paypal balance and you can't, that is strange.
@zralte (4178)
• India
17 Apr 11
Hm...I just saw another discussion saying Paypal is asking for Credit Card details to send money.
http://www.mylot.com/w/discussions/2517211.aspx
I think Paypal is enforcing the regulations for some members then. May be there is a way around it...as some members can use their balance....
@venkit (2955)
• India
3 May 11
today I have faced the same problem.
my account is having around 3$ and tried to make apurchase of 1$ from ebay.com.
but they asked to link credit card.
so I was unable to complete the purchase.
this is the effect of new rules that paypal has brought to indian accounts.
@msdivkar (23359)
• India
8 Apr 11
That was one of the conditions put forth by R.B.I. guidelines which became effective since 1st of April. We shall now have to keep our credit cards handy. We can invest up to $500.00 in foreign exchange but through credit card or bank transfer, I think. This is going to be quiet inconvenient. They should have allowed at least small amount, say up to hundred dollars, through on line processors like paypal. Using credit card on internet is risky affair though it may be safe with paypal. Some representation should have been made to the Govt. to relax some of these stringent conditions.
@byteman (61)
• India
8 Apr 11
Hi mkannanm!
According to the new paypal rules, we the people of India cannot make payments online using paypal.com.
It is a new rule. We can only accept payments through paypal.
Also, w cannot keep our money in paypal for more than 7 days. After the period of 7 days, our account balance will be transferred to the Indian government.
That means, you have to withdraw the money to your bank account as soon as you receive it.
The new rules have made paypal useless to Indians. Isn't it ?
