A simple question about PayPal issue in India

Discussion in 'PayPal' started by rajamanickam.a, Feb 25, 2011.

  1. #1
    I am seeing lot of threads in DP for discussing who is responsible for the issues faced by PayPal users in India. Whether it is RBI or PayPal?

    I have one simple question to PayPal.

    One of difficulties Indian Paypal users are going to face is, Rs. 50 withdrawal fee.
    As the new rules mandate immediate withdrawal, this Rs. 50 becomes unavoidable. (Previously this fees can be avoided by waiting till reaching Rs7,000)
    Now, my question is,

    If the whole changes are triggered by RBI, whether PayPal is willing to cancel this Rs. 50 fees for Indian users?
     
    rajamanickam.a, Feb 25, 2011 IP
    Padalda likes this.
  2. chandan123

    chandan123 Prominent Member

    Messages:
    11,586
    Likes Received:
    578
    Best Answers:
    0
    Trophy Points:
    360
    #2
    this is triggered by CC companies and maintained by RBI with the support of paypal.
     
    chandan123, Feb 25, 2011 IP
  3. google4u

    google4u Peon

    Messages:
    13
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #3
    Can we Send Money to From 1 paypal A\c to Other (both are INdian paypal A\c)
     
    google4u, Feb 25, 2011 IP
  4. jack.writer2011

    jack.writer2011 Active Member

    Messages:
    92
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    91
    #4
    We really gotta wait till March 1 to know what they gonna do with this 50 Rs stuff when we withdraw below 7000 Rs. However, there is no word from them yet in this regard officially. So fingers crossed. :)
     
    jack.writer2011, Feb 25, 2011 IP
  5. nihangshah

    nihangshah Prominent Member

    Messages:
    5,536
    Likes Received:
    271
    Best Answers:
    3
    Trophy Points:
    395
    #5
    No. Personal payments to other Indian Paypal users is already blocked.
     
    nihangshah, Feb 25, 2011 IP
  6. Gtoo

    Gtoo Banned

    Messages:
    677
    Likes Received:
    7
    Best Answers:
    0
    Trophy Points:
    108
    #6
    As per the PayPal Agreement we can't send money to indian users.
     
    Gtoo, Feb 25, 2011 IP
  7. raoraj

    raoraj Well-Known Member

    Messages:
    849
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    110
    #7
    see the issue is Paypal do not have Banking license here in India.
    so if they(paypal) close the india business say tomorrow and freeze the money we have in our Paypal ac., then RBI and Indian Govt. can't force the Paypal to pay the money.

    so if Paypal want to get Banking license, then they have to pay Money to RBI (which is huge amount ) to get license.
    which Paypal don't want to pay.

    right now it seems they are happy with it.
    bcoz, they are making money from India business and it will come down from march 1st.

    it seems that they are in "Wait and Watch" mode
    if it affect the Biz then only they will think about Banking license,
    if not then they are already making Money bcoz of us (Free Lancer, Internet Entrepreneur, whatever you call yourself.)
     
    raoraj, Feb 26, 2011 IP
  8. nihangshah

    nihangshah Prominent Member

    Messages:
    5,536
    Likes Received:
    271
    Best Answers:
    3
    Trophy Points:
    395
    #8
    @raoraj - it's all joke. The Indian government lots massive amounts of money in their own scams and finding new ways to recover it.

    This time RBI is implementing FEMA act, 1999 and see if they can make some money.
     
    nihangshah, Feb 27, 2011 IP
  9. boomer_mitra

    boomer_mitra Active Member

    Messages:
    817
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    60
    #9
    Is it really possible to recover money which was lost in scams like CWG, 2G spectrum allocation etc just by killing freelancers' businesses? :confused:
     
    boomer_mitra, Feb 27, 2011 IP
  10. chandan123

    chandan123 Prominent Member

    Messages:
    11,586
    Likes Received:
    578
    Best Answers:
    0
    Trophy Points:
    360
    #10
    those RBI idiots think yes :) screw people save the politicians
     
    chandan123, Feb 27, 2011 IP
  11. boomer_mitra

    boomer_mitra Active Member

    Messages:
    817
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    60
    #11
    They are really idiots then. I don't care who is faulty here, RBI or paypal. I just care about some solid answers for our questions. and for the time being, govt. bodies are answerable of our questions.
     
    boomer_mitra, Feb 27, 2011 IP
  12. fancymouj

    fancymouj Peon

    Messages:
    5,019
    Likes Received:
    134
    Best Answers:
    0
    Trophy Points:
    0
    #12
    Only indian users ? Can we send money to other country ?
     
    fancymouj, Feb 27, 2011 IP
  13. maxgates

    maxgates Well-Known Member

    Messages:
    213
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    108
    #13
    It is RBI's fault. All this has been done to discourage use of PayPal in India. RBI wants us to use Indian Banks for transferring money. Similarly RBI wants that we use Credit Cards because it helps Banks. Also some banks have started their own services to allow Indians to send money abroad.

    All these steps are taken to make people use Bank services instead of PayPal. Obviously RBI is getting bags full of cash from ICICI and HDFC Bank.
     
    maxgates, Feb 27, 2011 IP
  14. boomer_mitra

    boomer_mitra Active Member

    Messages:
    817
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    60
    #14
    No we can not.
     
    boomer_mitra, Feb 27, 2011 IP
  15. nurun naby

    nurun naby Peon

    Messages:
    25
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #15
    in my country Bangladesh, PayPal does not support...but in India, it does. now i can see, there is problem too.
     
    nurun naby, Feb 27, 2011 IP
  16. chandan123

    chandan123 Prominent Member

    Messages:
    11,586
    Likes Received:
    578
    Best Answers:
    0
    Trophy Points:
    360
    #16
    yes you can send the money to other country. But you need to have a cc (funds in pp balance can't be used to send money)
     
    chandan123, Feb 28, 2011 IP
  17. Padalda

    Padalda Banned

    Messages:
    1,443
    Likes Received:
    26
    Best Answers:
    0
    Trophy Points:
    110
    #17
    I think "RBI" is only responsible for all of this. :mad:
     
    Padalda, Feb 28, 2011 IP