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

Discussion in 'PayPal' started by Wisden Writers, Jan 28, 2011.

0
Page 96 of 97
  1. coolu

    coolu Active Member

    Messages:
    154
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    68
    #1901
    ya just got a mail from paypal few minutes back seems goods news :)
     
    coolu, Oct 13, 2011 IP
  2. Wisden Writers

    Wisden Writers Well-Known Member

    Messages:
    518
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    173
    #1902
    Wisden Writers, Oct 13, 2011 IP
  3. prathaprabhu

    prathaprabhu Well-Known Member

    Messages:
    111
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    125
    #1903
    But how about sending money from Paypal balance? :)
     
    prathaprabhu, Oct 13, 2011 IP
  4. olddocks

    olddocks Notable Member

    Messages:
    3,275
    Likes Received:
    165
    Best Answers:
    0
    Trophy Points:
    215
    #1904
    Thank you paypal! You solved one problem! PAN issues need to be sorted out...
     
    olddocks, Oct 14, 2011 IP
  5. pupul

    pupul Prominent Member

    Messages:
    1,737
    Likes Received:
    66
    Best Answers:
    2
    Trophy Points:
    340
    #1905
    I have received the mail from PayPal.
     
    pupul, Oct 14, 2011 IP
  6. nihangshah

    nihangshah Prominent Member

    Messages:
    5,536
    Likes Received:
    271
    Best Answers:
    3
    Trophy Points:
    395
    #1906
    nihangshah, Oct 14, 2011 IP
  7. ifreakz

    ifreakz Well-Known Member

    Messages:
    1,427
    Likes Received:
    13
    Best Answers:
    0
    Trophy Points:
    130
    #1907
    They consider it remittance.. So is it possible to get tax benifit from amount originating from paypal if we show that the amount is being originally received in USD?
     
    ifreakz, Oct 15, 2011 IP
  8. akki313

    akki313 Well-Known Member

    Messages:
    3,313
    Likes Received:
    330
    Best Answers:
    0
    Trophy Points:
    155
    #1908
    Another good thing I discovered today is that we can get a better exchange rate while sending payments with our credit cards.

    Example: Current exchange rate is 49, paypal exchange rate for withdrawing is 47, paypal exchange rate while paying is 52. But we can get a rate of 49 if you agree to be billed in USD on your CC (your CC should be enabled for international transfers). For this while paying click on "currency conversion options" and select to be billed in USD (second option).

    Immediate saving of 5%.
     
    akki313, Oct 15, 2011 IP
  9. ishan

    ishan Prominent Member

    Messages:
    2,212
    Likes Received:
    88
    Best Answers:
    0
    Trophy Points:
    325
    #1909
    This is a bad idea. Your card charges you 3.5% currency conversion charges = Rs 50.715 for Rs 49. You then need to pay 10.3% service tax on the extra 1.715 , which takes it to 1.892, Final amount = Rs 50.892 .

    Today, when USD rate is 49.8 , PayPal charged me only Rs 50.75 per USD .

    Also, when you pay in INR, FEMA is probably not applicable to you, whereas while paying in USD, you have to comply with FEMA regulations.

    Lastly, my card gets reward points for online purchases in INR, while none for online purchases in USD :)

    PayPal FTW !
     
    ishan, Oct 20, 2011 IP
  10. expertofexperts

    expertofexperts Active Member

    Messages:
    1,040
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    80
    #1910
    Is this receiving limit updated for freelancers also? How will paypal know that this is export related payment we are getting?
     
    expertofexperts, Oct 20, 2011 IP
  11. nihangshah

    nihangshah Prominent Member

    Messages:
    5,536
    Likes Received:
    271
    Best Answers:
    3
    Trophy Points:
    395
    #1911
    Receiving limit is updated to $3000 for all PayPal users.
     
    nihangshah, Oct 21, 2011 IP
  12. expertofexperts

    expertofexperts Active Member

    Messages:
    1,040
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    80
    #1912
    Have you experienced this or you are just saying this after that email??
     
    expertofexperts, Oct 21, 2011 IP
  13. deluxdon

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

    Messages:
    25,481
    Likes Received:
    1,943
    Best Answers:
    32
    Trophy Points:
    480
    #1913
    They sent this email to everyone so thats not a fake email at least.

    DON.
     
    deluxdon, Oct 21, 2011 IP
  14. expertofexperts

    expertofexperts Active Member

    Messages:
    1,040
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    80
    #1914
    But the email and note from RBI says that its for export related items...
     
    expertofexperts, Oct 21, 2011 IP
  15. MaX.

    MaX. Active Member

    Messages:
    810
    Likes Received:
    7
    Best Answers:
    0
    Trophy Points:
    60
    #1915
    i have received around $900 last week, no probs :)
     
    MaX., Oct 23, 2011 IP
  16. boomer_mitra

    boomer_mitra Active Member

    Messages:
    817
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    60
    #1916
    providing services overseas can also be termed as export related item..
     
    boomer_mitra, Oct 23, 2011 IP
  17. MaX.

    MaX. Active Member

    Messages:
    810
    Likes Received:
    7
    Best Answers:
    0
    Trophy Points:
    60
    #1917
    [​IMG]
     
    MaX., Oct 25, 2011 IP
  18. keltron

    keltron Peon

    Messages:
    27
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #1918
    So how are you guys paying for hosting bills, when paypal is not an option??
     
    keltron, Oct 26, 2011 IP
  19. supersenwins

    supersenwins Well-Known Member

    Messages:
    127
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    105
    #1919
    That is a good question!!
     
    supersenwins, Oct 26, 2011 IP
  20. MaX.

    MaX. Active Member

    Messages:
    810
    Likes Received:
    7
    Best Answers:
    0
    Trophy Points:
    60
    #1920
    attach credit card to paypal! or get some amount in alertpay and use it for paying bill
     
    MaX., Oct 26, 2011 IP
Page 96 of 97