I said this yesterday and some of the idiots here started saying I am a politician lol the last thing I want to be... See this thread , how much of love for paypal these guys have.. http://forums.digitalpoint.com/showthread.php?t=1691472 Private firms always work towards profit ....profit at any cost realize that No matter how big they are its profit and margins which count..Not rules and respect...
Not entirely correct buddy, private funds does not mean you are mean for money. They have earned respect too for which they are well known in whole world.
i don't think paypal will consider short term profit over their long term indian market. If they do then its just too bad for them, because indian e-commerce won't die if paypal dies in indian, their are many others waiting for a opportunity, many like alertpay,2co,moneybookers,etc and am sure if paypal dies out in india, others will rise. So the question now is, will paypal gamble their dominance in indian market for a quick profit? or will they show loyalty towards their customers and resolve these issues with the RBI?
Well, it was urgent for me to transfer money to india. paypal reversed my payment i was hopeless. But, it was urgent so i used It offers support of paypal as a payment source. i have successfully transferred money to my bank account n its faster than paypal. so we do not need to rely on paypal. thanks