As per new rule of paypal on receiving money no more then 500$ per transaction. so if i use shopping cart and my product price is 900 $ so i cannot use?
i don't think there is a restriction on receiving the amount. They laid rules on while with drawing the amount. It will be tough for paypal to funtion if they keep restrictions on incoming amount as receiving 900$ as said by you will be a big issue. Cross check yourself again
That is a new rule but its not applicable till now. Paypal is saying they will email all indian users if its applicable. Utill their email you can use.
You may need to divide the price in two parts or reduce the products price, Any transaction which bring money more than $500 at one go, should be reported to RBI.
Yes Don Will says right the rule not be applicable to indian yesterday i have receive 1200$ in PayPal a/c and their is no any issue. i think will not apply to the rule. Mechanical
yes the rule applies to all, Personal/Premier/Business Account Holders in India but fortunately, the rule hasn't been implied yet.
we cant be sure. May be the rules already apply, just that paypal not enforcing it. May be it is our duty not to receive more than $500 but also see to it that we withdraw the payments within 7 days.
When ever paypal applies any rule they block those accounts and restrict them to their limitations as they did in case if payments being sent as gift. As till now we all are receiving payments with no hesitation so we can relax for time being till PayPal announces their execution. Thanks
What's your opinion on these: It is still possible to send money from paypal accounts. Paypal sent notices to those who don't have bank accounts added to paypal account. Is paypal going to auto withdraw the money to bank account now? How to open/buy a foreign paypal account? Can vendors such as avsvcc.net be relied upon?