Did RBI screw Paypal?

Mumbai, India
August 10, 2015 10:49pm CST
The Reserve Bank of India has not allowed the paypal customers in india to add money to their paypal wallet,Do you think this is appropriate?
3 people like this
6 responses
Always smiling
@allknowing (136541)
• India
11 Aug 15
I do online shopping using eBay and directly transfer money from my bank through paypal. You are right. We cannot keep money earned in our paypal account. It gets automatically transferred to our bank.
2 people like this
kiran8
@kiran8 (15348)
• Mangalore, India
11 Aug 15
Yes it has been happening since more than 2 years now and it is good to know that the system continues..
1 person likes this
@mayka123
@mayka123 (16605)
• India
11 Aug 15
I think we are allowed to add money but that money cannot be kept with paypal. They have to transfer it immediately.
2 people like this
dpk262006
@dpk262006 (58676)
• Delhi, India
11 Aug 15
I think there is nothing wrong in it. The money you earn through paypal automatically get transferred to your bank account. You could spend the money through your bank account. May be the disadvantage is - you cannot buy or pay in Dollars through paypal because money does not remain there.
AnjaP
@Rollo1 (16679)
• Boston, Massachusetts
12 Aug 15
I thought that was to prevent money being sent out of India?
kiran8
@kiran8 (15348)
• Mangalore, India
11 Aug 15
I have not received any payment from paypal for more than 2 years now because most sites now pay directly into your bank account, so I am not sure about the situation in paypal ...However, it is worth looking into and be sure of our facts especially since we get paid through paypal here,,
1 person likes this
Always smiling
@allknowing (136541)
• India
11 Aug 15
I do a lot of online shopping through eBay. We cannot keep money in payPal. It is kind of a transfer point so to say. Money gets there to be t transferred to sellers. Money comes there and gets transferred to our bank account.
1 person likes this
MANISH K RAO
@mkrnex (785)
• Bangalore, India
12 Sep 15
Its a good move I think as govt can keep track of money flow as black money big problem in India.Paypal is attached to your valid bank account and amount gets transferred as soon as it enters paypal.