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

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



Please update in post if you aslo facing this problem

Thanks

 

Why your Paypal account was limited as one can recieve 3000$ per transaction?

 

I am not sure about this , I have submitted the documents as they request , but after that they limited my account for forever

 

So did you got email from Paypal that your account is limited for forever?

 

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

here is the screenshot

 

Paypal have noticed any problem in your account as they dont limit account without reason

 

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.

 

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.

 

I already provide the all details, after they mail med my account limited for ever

 

Some site are saying $ 500 are limit , So which one is correct,

 

I wonder why PayPal doesn't really like India. Is that personal?

 

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):

 

Yes This is Personal Account

 

Yes I am agree with you,

 

You must have to send the proofs to PayPal to remove the limitation of your account. There is no other way than this.

 

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

thanks

 

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

 

Yup my account was also made limited I was totally depressed

 

Whats the reason behind this