Whether they are multi billion dollar company or chaiwala they must give respect to RBI.. Otheriwise they are going to lose the revenue.We may find alternatives.They don't.
There was a good Alternative to withdraw money from PayPal. I'm sure XOOM was a good option but last year RBI blocked Xoom too. I'm wondering why PayPal targeting always Indians? Indians are more vulnerable for them than any other countries. Still billions of black money in Swiss accounts. What is the hell RBI doing with our hard earned money? We webmasters neither hoarding black money nor helps any terrorists, Then Why RBI authorities pissing on us?
It is just a matter of time to follow the RBI rules,Big billionares paypal they easily afford that.But this issue will not solve until paypal accept themselves as a bank.
alert pay gives check in $ so i think they are safe with this. If paypal is least bother abt RBI do u think they care for customer's force ?
I'm thinking of switching to Alertpay. They are well known and there's no dispute system. Indians can withdraw money by checks.
1- paypal will get more money bcoz of 7 day withdrawal clause, Rs.50 per withdrawal 2 - Reliance(don't know which anil/mukesh) has got Banking Licenses and are planing to launch Paypal like service in India, so Hope they will launch it soon.
Probably not, there are others like 2CO and MoneyBookers which are older and trusted solutions. But no one can meet the level of current paypal (before 1 March).
paypal is just troubling indian because of RBI rules so now we need to find out only one solution for this which is how to buy products online as of all questions are answered just one problem is if anyone does not have pioner card how can they buy any product online ...
and you think its easy to get a banking license in india. reliance and many other groups are vying for a banking license for long in vain. wake up pal, the rbi, instead of jerking poor guys like us should nab the rajas of corruptions.
1. Just wait and watch. Nothing more you can do at this point. 2. Request to PayPal to increase the $500 limit to a min of $2000 per transaction. 3. Request to RBI as well to allow PayPal to increase the $500 limit to a min of $2000 per transaction. 4. Request to PayPal to allow member to add Debit Card as well as a linked account. I think if policies will alter as per the above point then everybody will get in to the safe boat. Thanks and Regards
Good Suggestion but sorry dude none of them will work. Paypal wont increase the limit. Coz any transaction above 500$ needs to be reported to RBI and paypal is avoiding this. RBI wont change it as it helps in keeping a track of black money transaction Paypal already accepts debit cards, it is RBI which has blocked international o9 payments from debit card.
One solution i see if paypal adds a features where funds can be added using debit card or just the Internet Banking Option which is now pretty well settled in most indian banks so if paypal allows users to add money using this many peoples issue will be solved