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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.

  1. radiant_luv

    radiant_luv Peon

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    #601
    @Shawn - You are great example to the others. Yes, If DP bans me I might create a forum, if GA suspend my account I might create a tracking tool, if tweeter doesn't allow me to tweet then I might create my own tool but to create these I do not have to bribe the system (Government, Babus (bureaucrats, officials), politicians, even office clerks, peon to get various permissions, licenses, registrations, NOC and other official requirement to setup a business, office, venture. Before someone even start a venture he/she keeps a good amount of INR aside to get the work (permissions) done in a smoother way. As a freelancer, small entrepreneurs I don't think people would have that amount of money to invest and time to spare to get the formalities done. (assuming you are in US) US is called "land of opportunity" whereas India is not. What happens in US may not be in India. That's why we can find youngest a billionaire (Mark Zuckerberg) in US not in India.
     
    radiant_luv, Feb 2, 2011 IP
  2. Wordpress_expert

    Wordpress_expert Greenhorn

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    #602
    Hi Dp Guys,
    I just wanted you to share this petition with you entrepreneurs, Bloggers & Freelancers. http://t.co/oswM2Cl
    Please support us and help us spread the word.
     
    Wordpress_expert, Feb 2, 2011 IP
  3. The Creator

    The Creator Active Member

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    #603
    Hey guys I think may be icici b2 online banking solution can solve this problem.Zero balance pure online account plus virtual credit card which work like entropay but is legal.Ill get a account in few days.But I have a question is it available U.P Bareilly.
     
    The Creator, Feb 2, 2011 IP
  4. nihangshah

    nihangshah Prominent Member

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    #604
    If you feel the RBI-Paypal notification was taken incorrectly and would like to get this issue noticed, here are some links that might help.

    Contact major media houses in India
    TV news channels
    - CNN IBN
    - NDTV India, NDTV 24x7 and NDTV Profit
    - Headlines Today
    - Aaj Tak
    - Times Now
    - NewsX
    - CNBC-TV18
    - CNN International
    - ET Now
    - Zee News

    Newspapers
    - The Times of India
    - Hindustan Times
    - Mid Day
    - Dainik Bhaskar
    - Gujarat Samachar
    - The Economic Times
    - Live Mint
    - The Indian Express
    - The Telegraph India

    Petitions that you can sign and support
    - India's Petition to RBI by Ankesh Kothari
    - Appeal to RBI to resolve the PayPal issue ASAP by Anand Nadar.
    - Appeal To RBI 'Resolve PayPal Issue In India' by Matt

    Join Facebook Groups
    - Stop RBI's Insane Rules. We want PayPal back
    - Bhikari Boyz

    Postal Mail
    Valentine's Day is coming! :D

    Buy a valentine's day card, write your love letter and mail it to RBI headquarters in Mumbai. You can send as many as you want!
     
    nihangshah, Feb 3, 2011 IP
  5. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #605
    If we contact India Tv we might see something good.
    As they are good in showing anything small into a big thing. :D
     
    Digital_shubhi, Feb 3, 2011 IP
  6. articleshop4all

    articleshop4all Member

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    #606
    But is this a SMALL issue?
     
    articleshop4all, Feb 3, 2011 IP
  7. olddocks

    olddocks Notable Member

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    #607
    I have seen the news already appear in newspapers like economic times etc..
     
    olddocks, Feb 3, 2011 IP
  8. deluxdon

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

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    #608
    Any other newspapers where one can see this news ?

    DON.
     
    deluxdon, Feb 3, 2011 IP
  9. xwhyz

    xwhyz Active Member

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    #609
    xwhyz, Feb 3, 2011 IP
  10. olddocks

    olddocks Notable Member

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  11. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #611
    Yes, its small for them and big only for few webmasters.

    But I was saying in another way... Like if they can show small things in such a wonderful way then they will show a big issue better. :D
     
    Digital_shubhi, Feb 3, 2011 IP
  12. musichangout.com

    musichangout.com Well-Known Member

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    #612
    Lolz shubham you always make some good jokes while all members are serious :p.
    And i guess you won't have any problem with latest Paypal rules , so your completely happy :p
     
    musichangout.com, Feb 3, 2011 IP
  13. kollam003

    kollam003 Well-Known Member

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    #613
    Hope RBI hears our plea and bring back the present system.
     
    kollam003, Feb 3, 2011 IP
  14. BaltiSingh

    BaltiSingh Well-Known Member

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    #614
    This means Paypal is the real culprit and they are already operating as Bank in EU (Europe Union), then why not in India?
     
    BaltiSingh, Feb 3, 2011 IP
  15. samsexy98

    samsexy98 Member

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    #615
    I don't know why they don't want to be a bank but both RBI and Paypal are fighting for their pride at the cost of small online entrepreneurs and freelancers...
    We are being crushed between both of them...:(
     
    samsexy98, Feb 3, 2011 IP
  16. WebBuddy

    WebBuddy Well-Known Member

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    #616
    Of course, all this may cause us (small businesspeople and entrepreneurs) some problems, but let's look at the bigger picture. RBI's strictness may make PayPal realize that they can't take Indians for a ride. Maybe, next year this time you may get a mail saying that all these restrictions have been removed and that you'll be getting a higher conversion rate and interest on your money - maybe PayPal will accept the option of operating as a bank, after all. Won't it make us all happy? In every big revolution, several smaller people get crushed ... it's not a pleasant thing to think about but that's the truth.
     
    WebBuddy, Feb 3, 2011 IP
  17. classiqa.com

    classiqa.com Peon

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    #617
    If I am not wrong earlier paypal allowed to get our money only through check but now they are allowing to withdraw directly into our bank account as it was way before earlier this is good as we dont have to wait for check.
     
    classiqa.com, Feb 3, 2011 IP
  18. sippsin

    sippsin Active Member

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    #618
    They are not blocking any buying or selling rt? Its just you need to have a credit card linked to your paypal account to buy anything and you have to transfer the money you get in the account to be transferred to the bank in 7 days!
     
    sippsin, Feb 3, 2011 IP
  19. The-Joker

    The-Joker Peon

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    #619
    I think PayPal has problems with the regulations on the banks in India that's why all the chaos has happened. banking System in India is highly regulated which is discouraging PayPal. Even in EU, PayPal has chosen Luxembourg which is famous for its secrecy laws and its reputation as a tax haven.
     
    The-Joker, Feb 3, 2011 IP
  20. javeedakhtar

    javeedakhtar Well-Known Member

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    #620
    Any updates :(
     
    javeedakhtar, Feb 3, 2011 IP