Paypal in India

[nitinkumar]

I do not find any reason to say that Alertpay sucks  . Regarding paypal I can say that it really sucks because of the hard and complex verification process. I am having a very hard time with them Duh !.

I say both sucks.

[nitinkumar]

Latest update and which is not good at all.

Dear Nitin Kumar,

As part of our commitment to provide a high level of customer service, we would like to give you a 30-day advance notice on changes to our user agreement for India.

With effect from 1 March 2011, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways ("RBI Guidelines").

In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows:

   1. Any balance in and all future payments into your 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 in respect of the goods or services; and

   2. Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.

We seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.

We regret any inconvenience caused to you and hope the advance notice will enable you to plan your future use of our services accordingly. For further information, click here.

If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page. We sincerely thank you for your patience and continued support.


Sincerely,

The PayPal Team

[sabbie]

i don't think its reallly paypal doing this,  Looks to me like something forced on thm by  RBI  guidelines

personally i don't believe its that bad,   a lot of sites are run by Indians and this will put an end to a lot of  little kids running sites with illegal paypals,   this means a lot less frozen paypals 

The big boys have creditcards so they won't have a problem   
Their sites will suffer because the indians probably won't be clicking for  a few cents payouts if they can't use paypal and they will lose advertisers if they can't purchase by paypal

paypal sux so move to alertpay
members will get used to it if and when enough sites change to only using alertpay

the real problems will start when the RBN goes after alertpay too   

as for the other term.......
nobody in their right mind should be spending $500 on a ptc   

[nitinkumar]

i don't think its reallly paypal doing this,  Looks to me like something forced on thm by  RBI  guidelines

personally i don't believe its that bad,   a lot of sites are run by Indians and this will put an end to a lot of  little kids running sites with illegal paypals,   this means a lot less frozen paypals 

The big boys have creditcards so they won't have a problem   
Their sites will suffer because the indians probably won't be clicking for  a few cents payouts if they can't use paypal and they will lose advertisers if they can't purchase by paypal

paypal sux so move to alertpay
members will get used to it if and when enough sites change to only using alertpay

the real problems will start when the RBN goes after alertpay too   

as for the other term.......
nobody in their right mind should be spending $500 on a ptc   

I think paypal also doing something bad. They open office in India but not followed Indian rules. In India No one from outside  allowed to do Monetary services.