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Showing posts with label paypal restrictions. Show all posts
Showing posts with label paypal restrictions. Show all posts

Saturday, April 9, 2011

Paypal Rules Finally Implemented – Indians Suffering !!!!!!!




Howdy My Fellow Indian Readers, (the Above logo suites quite well for us (Indians))


I have some bad news for you people (including me), Paypal has finally implemented the rules which were supposed to be implemented on March 1st 2011 and The notification of this rules were given to all Indians 2 months Before. Now finally After 1 month Paypal has implemented the rules and now We wont be able to use any payments to anyone through Paypal, yes you can still send the payment through Paypal only if you have a valid CC (credit card) attached to your Paypal account.

Friday, March 4, 2011

Paypal Restrictions for Indians from March 2011 – RBI Issue


PaypalFor many blogger’s and Freelancer PayPal have been an amazing helping hand to them to make their payment, funds transfer to Indian Banks, receive payment online, send funds to friends, payment of due bills and lot more activities. PayPal especially in India has a bigger name as many of people who live here don’t have a Credit Card and they relay on PayPal. There are over 0.2 millions users who have active PayPal account in India alone.
But as soon as March 1, 2011 arrives PayPal will again restrict Indian users with certain limitations and when you carefully look at the guidelines provided to them by RBI, it would be hard-hitting to you.

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