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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. supersenwins

    supersenwins Well-Known Member

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    #1441
    LOL tht is funny. But one thing, Indian Paypal account holders, I think, are already contributing to the "Bribe Fund" because they are getting lower exchange rates during transfer.
     
    supersenwins, Mar 16, 2011 IP
  2. Card

    Card Well-Known Member

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    #1442
    Yes,We(Indians) are getting conversion rates very low during transfer and the conversion rate is decreasing day by day.
     
    Card, Mar 16, 2011 IP
  3. AaRGeE

    AaRGeE Notable Member

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    #1443
    I got notification again today when I logged in. But Still was able to send money via PayPal balance!!
     
    AaRGeE, Mar 16, 2011 IP
    Refresher likes this.
  4. aeiou

    aeiou Peon

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    #1444
    I too go the notification again tonight,,but was able to send and recieve money
     
    aeiou, Mar 16, 2011 IP
  5. warlord2010

    warlord2010 Peon

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    #1445
    If it helps, surely we'll contribute... lol...
     
    warlord2010, Mar 16, 2011 IP
  6. Messidona

    Messidona Peon

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    #1446
    Did anyone tried to pay money by invoice to Hostgator with money received after March 1st (unverified paypal account) ?
    Does anybody knows any countries that have some limits (other then 0$) for receiving/sending money with unverified paypal accounts?
     
    Messidona, Mar 16, 2011 IP
  7. Messidona

    Messidona Peon

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    #1447
    A answer to my e-mail by paypal

    "Hello my name is Rene, and I will be happy to assist you with your
    question regarding how to receive money and make payments.

    I understand your situation and I inform you that intentionally keeping
    an account balance for more than 7 days is against the PayPal User
    Agreement for customers in India. We monitor all accounts for misuse,
    which could result in account restrictions. Please do not keep an
    account balance. We are making changes to our website that soon will
    automatically transfer your account balance to your linked bank account.

    In short, when you receive money in your PayPal account, use it within 7
    days to avoid any restrictions in you account.

    Don't forget, we're always around if you need us. Just click "Help" in
    the top right corner of any PayPal page to visit our improved Help
    Center."

    Does it mean that we can receive and send money within 7 days ??? in next few days, weeks or hours ... :)
     
    Messidona, Mar 16, 2011 IP
  8. bloomsden

    bloomsden Well-Known Member

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    #1448
    Yes again it showing notification...hope after 31st March we will get some clear information regarding these changes...
     
    bloomsden, Mar 16, 2011 IP
  9. boomer_mitra

    boomer_mitra Active Member

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    #1449
    Damn! getting the notification again! I thought that paypal might have sorted out the issues with RBI, but no! :(
     
    boomer_mitra, Mar 16, 2011 IP
  10. thesuvo

    thesuvo Well-Known Member

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    #1450
    yesterday i clear my hosting dues.
     
    thesuvo, Mar 16, 2011 IP
  11. prathaprabhu

    prathaprabhu Well-Known Member

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    #1451
    So this game is not yet finished.
     
    prathaprabhu, Mar 16, 2011 IP
  12. boomer_mitra

    boomer_mitra Active Member

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    #1452
    You are right! This is just a game for bloody paypal
     
    boomer_mitra, Mar 16, 2011 IP
  13. unna

    unna Well-Known Member

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    #1453
    No notification now...
     
    unna, Mar 16, 2011 IP
  14. silver2good

    silver2good Well-Known Member

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    #1454
    Its really unfortunate but i kept my cash for about 9 days now in my PayPal ntn happend :D
     
    silver2good, Mar 16, 2011 IP
  15. nihangshah

    nihangshah Prominent Member

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    #1455
    nihangshah, Mar 17, 2011 IP
  16. jacky8

    jacky8 Active Member

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    #1456
    Thanks for sharing.

    ^^ So all these are gonna get hurt.

    This government is shameless, no doubt.

    Hope the ones you asked paypal for bribes get caught soon.
     
    jacky8, Mar 17, 2011 IP
  17. boomer_mitra

    boomer_mitra Active Member

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    #1457
    I really dont believe this! Just now wikileaks leaked an information that some political leaders were given 40 crores of bribe just to support government in nuclear deals with US.
    This government is eating us up! I guess this paypal problem thing is only because of this BS government and its policies.
     
    boomer_mitra, Mar 17, 2011 IP
  18. eyashwant

    eyashwant Active Member

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    #1458
    thanks. posted to facebook
     
    eyashwant, Mar 17, 2011 IP
  19. jacky8

    jacky8 Active Member

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    #1459
    This is really ridiculous. People are f***ing helpless against this government.
     
    jacky8, Mar 17, 2011 IP
  20. adithya

    adithya Well-Known Member

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    #1460
    Its not over

    1. Paypal has not yet implemented these polices strictly since it requires significant coding and site wide changes to automatically withdraw the paypal balance to banks for indian paypal users. And to restrict paypal indian balance to be used for services/payment

    2. I believe as we speak, a bunch of programmers from paypal are developing this mechanism so that the policies are employed strictly and is applicable only for INDIAN paypal users

    3. The strict implementation may take a month to happen.

    4. Till then to satisfy RBI/Indian regulators they are just giving notice to users at login about the new policies and rules and advising us to follow them
     
    adithya, Mar 17, 2011 IP
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