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Any Indian Paypal User get above of $ 500 and limited their account

Discussion in 'PayPal' started by flanagan, Mar 21, 2012.

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  1. #1
    Hello Indian Paypal User,

    Any Indian Paypal User get above of $ 500 and limited their account,

    PayPal will not allow users in India to receive more than US$500.

    Starting 1 March, 2011, PayPal customers in India will not be allowed to receive payments for any export-related goods or services for an amount exceeding US$500 per transaction. This change is to ensure that we continue to comply with the RBI Guidelines.


    PayPal will not allow Indian users to keep money in PayPal balance.

    Starting 1 March, 2011, PayPal customers in India will not be able to keep money in their PayPal account balance. Instead, all money received into a PayPal account must be transferred to a customer’s India bank account within 7 days from the receipt of confirmation from the buyer in respect of the good or services. This change is to ensure that we continue to comply with the RBI Guidelines.

    Due to this updated they limited my paypal account due to this reason ,

    Any one esle facing this problem if yes please share with us ,

    Here is screen shot of reason they asked
    paypal_access_limited.jpg


    Please update in post if you aslo facing this problem

    Thanks
     
    flanagan, Mar 21, 2012 IP
  2. Card

    Card Well-Known Member

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    #2
    Why your Paypal account was limited as one can recieve 3000$ per transaction?
     
    Card, Mar 21, 2012 IP
  3. flanagan

    flanagan Banned

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    #3
    I am not sure about this , I have submitted the documents as they request , but after that they limited my account for forever
     
    flanagan, Mar 21, 2012 IP
  4. Card

    Card Well-Known Member

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    #4

    So did you got email from Paypal that your account is limited for forever?
     
    Card, Mar 21, 2012 IP
  5. flanagan

    flanagan Banned

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    #5

    Yes I got email from paypal , as well as I saw on my account

    here is the screenshot
    This_limitation_cannot_be_appealed_against_21.03.2012.jpg
     
    flanagan, Mar 21, 2012 IP
  6. Card

    Card Well-Known Member

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    #6
    Paypal have noticed any problem in your account as they dont limit account without reason :)
     
    Card, Mar 21, 2012 IP
  7. WallaceYeung

    WallaceYeung Notable Member

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    #7
    why you don't want to provide your address proof, credit card info, etc.
    it's why you get limited from Paypal.
    if you are doing legal business online, no idea you reject provide these necessary information to third party.
     
    WallaceYeung, Mar 21, 2012 IP
    Padalda likes this.
  8. nihangshah

    nihangshah Prominent Member

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    #8
    Receiving Limit is set at $3000 per transaction as said here - https://www.paypal-apac.com/india/

    Your account could be limited because of the transaction. Just try to resolve it.
     
    nihangshah, Mar 21, 2012 IP
  9. flanagan

    flanagan Banned

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    #9
    I already provide the all details, after they mail med my account limited for ever
     
    flanagan, Mar 22, 2012 IP
  10. flanagan

    flanagan Banned

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    #10
    Some site are saying $ 500 are limit , So which one is correct,
     
    flanagan, Mar 22, 2012 IP
  11. mave863

    mave863 Peon

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    #11
    I wonder why PayPal doesn't really like India. Is that personal?
     
    mave863, Mar 23, 2012 IP
  12. deluxdon

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

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    #12
    Paypal like India but all problem created by RBI (Reserve Bank of India).

    DON.
     
    deluxdon, Mar 23, 2012 IP
  13. AhaOHo

    AhaOHo Greenhorn

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    #13
    Yes Indian Paypal users cannot receive more than $500 per transaction .The $3000 limit is for those who in exports and imports business .This is the reason why PayPal has asked indian users to choose a purpose code which reflects what kinda business you are doing by which you are receiving or sending out funds or making purchases and sets the proper limit for the same.
    I also read that that if suppose you had received a $5000 transfer before and you successfully transfered that amount to your local bank account and also the money from the sender's account has been deducted but PayPal will now do a reverse transaction back to the sender and send him $5000 and then boom you have a negative balance into your PayPal account and how do they intend to recover this is via the new payments you will be receiving.Utter disgusting Indian corrupt politics .

    Read this : 
    http://www.labnol.org/india/paypal-payments-reverse/20203/
    Code (markup):
     
    AhaOHo, Mar 24, 2012 IP
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  14. flanagan

    flanagan Banned

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    #14
    Yes This is Personal Account
     
    flanagan, Mar 28, 2012 IP
  15. flanagan

    flanagan Banned

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    #15
    Yes I am agree with you,
     
    flanagan, Mar 28, 2012 IP
  16. Padalda

    Padalda Banned

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    #16
    You must have to send the proofs to PayPal to remove the limitation of your account. There is no other way than this.
     
    Padalda, Mar 29, 2012 IP
  17. flanagan

    flanagan Banned

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    #17
    Yes I send them proof , After reviewing this they limited my paypal for forever

    thanks
     
    flanagan, Apr 9, 2012 IP
  18. designdon

    designdon Greenhorn

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    #18
    I have 800$ locked in my paypal account although i have verified with my original docs and bank account. I hope they will send me check after 180 days
     
    designdon, Apr 10, 2012 IP
  19. The Mastermind

    The Mastermind Peon

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    #19
    Yup my account was also made limited :( I was totally depressed :(
     
    The Mastermind, Apr 10, 2012 IP
  20. flanagan

    flanagan Banned

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    #20
    Whats the reason behind this
     
    flanagan, Apr 14, 2012 IP
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