Important Update from Paypal for PayPal India Users : Change in User Agreement

I am now thinking of quitting my online business. It has been rocking 3 years for me where i started with pennies and learnt everything from scratch.. Such a wonderful experience......

But now with this shitty rules from paypal and RBI, its more than annoying and i believe it would be waste of time spent, and nothing in return....

Without paypal online business is nothing and with these rules (Certainly not able to pay through paypal balance is a stunner), its GAME OVER folks...

 

we can use these merchant service as long as the payment is under $500.

 

Don't think negative bro..
Continue what your doing and I know there is a way out but we just can't seem to get it..

Paypal will be under pressure right now because there millions of Indians using Paypal and I don't think these rules will remain for long...
For month we can just pray of report RBI and Paypal for the problems..

Thank You
Samsexy98

 

yes, paypal earning lot lot more than what we earn, so definitely paypal is under pressure.

 

Right now, the problem is with Paypal. I guess earnings from Adsense, Amazon, CJ, etc. remain unaffected.

We should not keep all eggs in one basket.

 

Is there any UPDATE from PAYPAL.
Everything can be managed , but this STUPID limit of 500 USD ON RECEIPT IS a shit.

Can anyone tell me one thing :

Paypal is doing all this to circumvent rules from RBI.

What i finally got out of this situation is :

Paypal will become ONE WAY, we can receive the funds , but we can not use it from PAYPAL. we need to WITHDRAW to spend the money and for that we need CC.

So, this is a CIRCLE :

Money >> Paypal >> Bank Tranfer >> Shift to Credit Card >> Money to be spent.

Now can anyone from PAYPAL & RBI shitheads tell me one thing :

Why the heck is there is a LIMIT ON 500 USD to accept for services, i deal on webhosting servers, a dedicated server exceeds 500 USD for me.
My commisions from HG exceed 500 USD..
Who is going to answer this to us, how will we get this money for which we work hard and they just sit in their AC rooms and make these IDIOTIC rules.

I can agree with all THESE SHIT RULES though it means, only those with a CC can now survive in this IM jobs else will be wiped off sooner or later.
But WHY THE F*** IS THIS 500 USD LIMIT, when you can not use those funds in any case & have to follow that cycle to use money.

We should be able to get ANY AMOUNT OF PAYMENTS TO OUR PAYPAL, of course we will WITHDRAW them to BANKS to spend.

All i can say is , we should SETUP a website : www.helpusrbi.com (Nice Domain & its available )
OR Something like this & WRITE A PETITION letter on it with OUR NAMES as OUR SIGNATURES and then send it over to all NEWSPAPERS & NEWS CHANNELS to raise our voice with RBI. The stakes are high , but time is less.

Without intervention of MEDIA, we can not solve this but at least we can do whatever we can to avoid it.

 

Yes, almost all affiliates pay via Wire Transfer which is the best way to get money from abroad and even conversion rate is much better than PayPal.

 

Not only the 500 USD is a stupid thing. Withdraw should be made within a week is another stupid thing. Can't spend money from paypal is another annoying headache

 

This makes Every rule Stupid..LoL..

 

Totally agreed to you.
500 USD limit is Stupid thing.

But the withdrawal within 1 WEEK is a bigger stupidity, can anyone ask PAYPAL why they are so worried when we can not spend it so whether its there or not, whats gonna happen in 1 week lol.
Even if its there for 4 weeks, when we can not spend it why are they forcing the WITHDRAWAL to be done in 1 week.

And about the SPENDING, i can understand this :

You must have seen GOVT. saying that THEY DO NOT KNOW HOW MUCH BLACK MONEY is being DEPOSITED in SWISS ACCOUNTS, courtesy money never reaches india, we earn and spend directly from there so they can not gauge anything.
But ask these A**holes, why are you fucking MANGO PEOPLE for your own faults.

All this thing is being enforced now for the GOVERNMENT to keep a watch on HOW MUCH MONEY IS COMING IN & HOW MUCH IS GOING OUT..!!
.

 

Found this Grievance Redressal System by Government of India. It's developed to resolve issues with Central or State Government.

Go ahead, lodge your grievance. No registration required.

 

LOL.

When the government can not even maintain their website, for a BIGGER EXAMPLE take the IRCTC website do you seriously think this system will be working.
I highly doubt any mail sent to this system will have an AUTO REPLY saying : This mailbox is not monitored or NO PERSON found. LOL, This is crazzy.

We should lodge our complaints on our website or something which can be modified to what we want to.

 

If paypal keep our money for more than 7 days then Paypal has to pay us interest on that money according to RBI rules which paypal do not want and if they do then they will become a bank for India which will force them to follow complete new set of rules...

 

Just back from holidays and read this in email, they mentioned that

Does this mean that same sender can send multiple $500 payments?

 

Yes you can make as many transactions as you want but each transaction has a cap of 500$ which is ridiculous.

 

Yes... I guess, that is okay...

 

We will be in loss if we withdraw money within 7days....again and again....

 

Yep...
Not only that but we will be in loss while paying through credit card internationally..

 

That's my point. You're sharp, my friend

 

Yea some kinda...lol