Any one received mail from PayPal, mentioned their Receiving limit has been raised ?

Discussion in 'PayPal' started by freeshead, Oct 13, 2011.

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  1. thatsfine

    thatsfine Notable Member

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    #21
    According to paypal...
    Account Updates
    Receiving Limit Raised to USD 3000 per transaction
    In order to comply with the RBI Guidelines, all PayPal users in India must:

    Add a Permanent Account Number (PAN) and Purpose Code.
    By adding this information, you will continue to receive export-related payments into your PayPal account and your account will not be limited from receiving future payments.
    Add a bank account in India.
    This will help us to auto withdraw your PayPal balance out of your PayPal account and transfer your balance to your bank account in India. Note: If you don't add a bank account in India to your PayPal account then your PayPal account will also be limited from receiving export-related payments.

    Now you will be able to receive export-related payments of up to USD 3000 per transaction into your PayPal account.

    Thanks and Regards
     
    thatsfine, Oct 14, 2011 IP
  2. Ragu_007

    Ragu_007 Well-Known Member

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    #22
    I didn't receive any mails regarding this. But they published this in their blog. It's not such a great news. They need to allow us to pay using PayPal balance.
     
    Ragu_007, Oct 14, 2011 IP
  3. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #23
    Atleast something is better than nothing. :)
    So, be happy in what you get at the moment. May be in future they will fulfill all your wishes. :D only if RBI allows them.
     
    Digital_shubhi, Oct 14, 2011 IP
  4. GTNet

    GTNet Peon

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    #24
    Yes, I also received this mail from PayPal.
    At least, something happened favorable for the small freelancers in India.
    Next steps should be to allow payments from the funds in a/c and to increase the days of holding funds in the a/c, instead of auto-withdrawal daily (which is really irritating).
     
    GTNet, Oct 14, 2011 IP
  5. coolu

    coolu Active Member

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    #25
    can we sent a single payment of more then 500$ usd to anyother country ?? or both sending and receiving is 3000$ now
     
    coolu, Oct 14, 2011 IP
  6. MaX.

    MaX. Active Member

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    #26
    me too received the mail :)
     
    MaX., Oct 14, 2011 IP
  7. pupul

    pupul Prominent Member

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    #27
    I too got this mail from PayPal about USD 3000 per transaction
     
    pupul, Oct 14, 2011 IP
  8. natj

    natj Well-Known Member

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    #28
    This sounds like good news (I got the mail too but it ended up in my spam folder). But given PayPal's "reputation" I prefer to take everything with a pinch of salt.

    One day there's talk of reversing back all transactions above $500 (along with that PAN card issue), and the other day they joyfully announce that the receiving limit has been raised to $3000

    Heart attack nahin hoga to kya hoga ;)
     
    natj, Oct 14, 2011 IP
  9. Card

    Card Well-Known Member

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    #29
    Since Limit per transaction is increased,I think soon Indian Paypal users can use services which were stopped long back like Personal Payments,Paypal balance etc.I dont know but we can hope :)
     
    Card, Oct 14, 2011 IP
  10. pupul

    pupul Prominent Member

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    #30
    PayPal receiving limit has been raised to $3000 as per RBI's guideline.
    This is no bug.
     
    pupul, Oct 14, 2011 IP
  11. expertmac

    expertmac Member

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    #31
    Hello,

    PayPal Account Updates

    Receiving Limit Raised to USD 3000 per transaction by PayPal for Indian users.

    here is more details https://www.paypal-apac.com/india/

    I am very happy from this update and you???


    Thanks
     
    expertmac, Oct 14, 2011 IP
  12. Card

    Card Well-Known Member

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    #32
    Card, Oct 14, 2011 IP
  13. nihangshah

    nihangshah Prominent Member

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    #33
    Strange, Reserve Bank of India needs to modify the circular. It still says $500 per transaction.

    http://www.rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=6107
    Code (markup):
     
    nihangshah, Oct 14, 2011 IP
  14. Card

    Card Well-Known Member

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    #34
    I also got email of increment in transaction :)
     
    Card, Oct 14, 2011 IP
  15. karthimx

    karthimx Prominent Member

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    #35
    I have not received any email regarding this :(
     
    karthimx, Oct 14, 2011 IP
  16. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #36
    Thats really really a good news for all of us (Indians).

    BTW i got same email too :)

    DON.
     
    deluxdon, Oct 14, 2011 IP
  17. expertmac

    expertmac Member

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    #37
    i also got mail it's a great news
     
    expertmac, Oct 14, 2011 IP
  18. rajamanickam.a

    rajamanickam.a Well-Known Member

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    #38
    Till now I haven't received this email.
     
    rajamanickam.a, Oct 14, 2011 IP
  19. bloomsden

    bloomsden Well-Known Member

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    #39
    yes...i too got the mail...this is a positive sign..hope soon they will restore other features also :)
     
    bloomsden, Oct 14, 2011 IP
  20. unna

    unna Well-Known Member

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    #40
    Good news but I have not got email from Paypal.
     
    unna, Oct 14, 2011 IP
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