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

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

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  1. bloomsden

    bloomsden Well-Known Member

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    #421
    Somehow we will manage or forced to use paypal with these changes...

    Mainly im worried about this word: receipt of confirmation

    # Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and

    Rightnow this option was not there..if it implements then we need to wait confirmation from the buyer..simply they are implementing pay after work option
     
    bloomsden, Jan 30, 2011 IP
  2. deluxdon

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

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    #422
    But its not an easy task to do that everytime.

    DON.
     
    deluxdon, Jan 30, 2011 IP
  3. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #423
    Why not? I find it easy and safer than using PayPal. :D
    I pay my bills mostly using VCC created by my HDFC Bank.
     
    Digital_shubhi, Jan 30, 2011 IP
  4. The Creator

    The Creator Active Member

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    #424
    I am depressed with this now I don't know how will I pay for hosting and domain.Paypal don't accept my debit cards and I don't have a credit card yet.
     
    The Creator, Jan 30, 2011 IP
  5. nihangshah

    nihangshah Prominent Member

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    #425
    nihangshah, Jan 30, 2011 IP
  6. easyhostingplans.info

    easyhostingplans.info Peon

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    #426
    Lots of people are in same situation, including me. I have read all the discussion here and finally found that I need to have a credit card to continue online business. I've just contacted some friends to know which bank is better for credit card.
    Someone suggested here ICICI Bank issues credit card through FD of 20,000 Rs. You can go through first page and note down whatever makes you interest.
     
    easyhostingplans.info, Jan 30, 2011 IP
  7. samkak

    samkak Active Member

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    #427
    for me paying won't be a problem,as i can pay via VCC,but what about receiving money?if i have to transfer money every 7days a lot of money will be wasted in conversion/transfer fees for small amounts;so i am considering a paypal alternative.

    Anybody can suggest a good paypal alternative?
     
    samkak, Jan 30, 2011 IP
  8. heykooldude

    heykooldude Peon

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    #428
    From these announcements only credit cards are going to be in demand.
     
    heykooldude, Jan 30, 2011 IP
  9. chandan123

    chandan123 Prominent Member

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    #429
    seems paypal is illegally tie up with credit card companies and want ride on indian users
     
    chandan123, Jan 30, 2011 IP
  10. nihangshah

    nihangshah Prominent Member

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    #430
    Some funny tweets found on the WWW.

    - Let's open Swiss bank account!
    - PayPal and RBI are the best couple ever!
    - We definitely need Paypal alternate or an RBI alternate for god sake!
    - Paypal must have forgot to bribe RBI officials.
     
    nihangshah, Jan 30, 2011 IP
  11. Jash Wani

    Jash Wani Peon

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    #431
    First thing i do tomorrow morning is to get an FD credit card, that is one best option, i will switch to wire transfer and never look again at paypal. RBI and Paypal both S**k, they are suppose to facilitate things, but they always rob us of our money and peace!:mad::mad:
     
    Jash Wani, Jan 30, 2011 IP
  12. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #432
    May be PayPal is limiting accounts of RBI employees who use PayPal and thats why RBI trying to restrict PayPal. :D
     
    Digital_shubhi, Jan 30, 2011 IP
  13. nihangshah

    nihangshah Prominent Member

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    #433
    Yup. It's the Government who always wins in the end.
     
    nihangshah, Jan 30, 2011 IP
  14. ifreakz

    ifreakz Well-Known Member

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    #434
    Well, The intentions of our govt is pretty clear, they wish to receive more foreign exchange and charge us more tax, We can definitely sort out alternatives to escape from tax, but i have a few questions.
    How about creating a US Paypal account, use it for receiving money from clients / sending money to staff / buying things online / paying hosting or other bills. Now taking the rest to our Indian bank account that's ready for withdrawal.
    Are there any restrictions for Creating a US paypal account if we use a VPN etc for operating?

    Secondly, Does american bank or HSBC Let users create US Bank account without Social Security Number?
     
    ifreakz, Jan 30, 2011 IP
  15. articleshop4all

    articleshop4all Member

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    #435
    Good Idea. But you know you need to remove the Limit from your PayPal account and for that you need to make your PayPal verified. What is the process you will follow to verify that PP account?

     
    articleshop4all, Jan 30, 2011 IP
  16. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #436
    ALso if your PayPal gets limited you will have to leave it and you will lose all your money.
     
    Digital_shubhi, Jan 30, 2011 IP
  17. ashras99

    ashras99 Peon

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    #437
    What are the limits for paypal unverified US account....? We not able to withdraw or we can't take the credit card payments?
     
    ashras99, Jan 30, 2011 IP
  18. buyandsale

    buyandsale Member

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    #438
    so whats the finial solution for i think so just we have to get own credit card now via ICICI bank by depositing 20000 Rs lol its not cheap ...
     
    buyandsale, Jan 30, 2011 IP
  19. SAPRU

    SAPRU Peon

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    #439
    Yes .We are forced to leave paypal for ever
     
    SAPRU, Jan 30, 2011 IP
  20. ifreakz

    ifreakz Well-Known Member

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    #440
    You can use a VCC to verify the account. Not an issue. Just find out if they need SSN or Other restrictions.
    The $500 Limit is nothing, you can send 500 to your Indian acc whenever you want to withdraw the money.

    Yes, That's the major worry,if they track down the use of VPN etc, then only.
     
    ifreakz, Jan 30, 2011 IP
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