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

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I just received HOSTGATOR commision of 4000 USD in a friend's account in UK.
Now i will get it delivered in split mass payment, i will try an option of over 500 USD, just to check once.

I will report how it goes

 

For anybody who received the money on 1st of March and did not withdraw full or half of it, please report here whether the money was automatically withdrawn to your bank, or is it still sitting as PayPal balance.

 

its still there for me.
No changes. I got a premier account if you want to know.

 

They have been sending mailers about this for a long time..Not a surprise for me.

 

I just logged in to my paypal first time , since march 1st..

i received the notification of those rules ..

 

I kept $1 in it and its still there.
And it is there from 1st of March and today is 8th.

 

ya, its working properly.

 

Withdrew $x,xxx yesterday night as I didn't want to get in any trouble. Really bad rate - 43.6

 

I withdrew on 7th and will keep withdrawing every 7 days... To be on safer side that is...

 

If I have a balance of less than $10. What happens?

 

You cannot withdraw, $10 is the minimum.

 

So did not anybody keep their balance on Paypal without withdrawing it on the 7th day. Today was the 8th day, did anything happen?

 

You sure about this? Is it mentioned somewhere on paypal?

 

I have balance since 28 february and all looking fine, i am planning to keep it for couple more days before withdrawing, looks like they are giving some lean period or buffer time before they start insisting, they still not seemed to have sorted out the problems as we still cannot select alternative payment method (CC payment) while doing subscriptions, it still says the paypal balance will be tried first and if no balance then CC will be charged, now paypal can say that we are not supposed to keep paypal balance, but what if i have money lying within those 7 days period and why should paypal deduct from that balance, they can automatically charge the subscriptions to my credit card. With these issues still pending, they will not be insisting on these rules for some more time, they need to update their subscription rules first, IMO.

 

yes, thats true.

 

Good news - Mass payment is allowed in India.

 

Can anyone confirm this thing :

Getting payment of over 500 USD in INDIAN PAYPAL ACCOUNT , it will be a mass payment from a company..
Is this allowed..!!

Will i get the complete payment to my account..??

Please confirm.

 

$500 is limit, no matter if sender is sending directly or as a mass payment.

 

so a person can send two 500$ payments but not directly 1000$ payment nice rule lol