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Any one received mail from PayPal, mentioned their Receiving limit has been raised ?

Discussion in 'PayPal' started by freeshead, Oct 13, 2011.

  1. #1
    I just received a mail from PayPal saying my receiving limit has been raised to $3000 USD per transaction.

    " We are pleased to inform you that the RBI will now allow you to receive export-related payments of up to USD 3000 per transaction into your PayPal account, effective immediately "
    SEMrush
    Is this true ?
     
    freeshead, Oct 13, 2011 IP
    SEMrush
  2. tajimd

    tajimd Well-Known Member

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  3. freeshead

    freeshead Active Member

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    #3
    freeshead, Oct 13, 2011 IP
  4. prathaprabhu

    prathaprabhu Well-Known Member

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    #4
    Of course everyone should have received.

    Cheers :)
     
    prathaprabhu, Oct 13, 2011 IP
  5. JoomlaDesigner

    JoomlaDesigner Active Member

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    #5
    Hello Guys,

    Just got an email from PayPal, receiving limit has been raised as per RBI's guideline. New limit is US $3000.
    Is this another bug? OR Fact? Shouldn't it be $500 as per RBI guidelines?

    Here is the copy of the email:

     
    JoomlaDesigner, Oct 13, 2011 IP
  6. bala

    bala Well-Known Member

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    #6
    Me too got that email. It is just for to bring their business back to normal position. It won't help us a lot.

    Still they need to fight with RBI for bring back the following facilities to Indian business people

    1) Let user to pay for services and goods from their paypal balance.
    2) Let user to hold their money for some more time. Now I believe its 24 hours or 7 days.

    With out these facilities I will keep PAYPAL only as a secondary option for to receive money. I hope all Indian users will do the same.
     
    bala, Oct 13, 2011 IP
    Digital_shubhi likes this.
  7. benjaminp

    benjaminp Notable Member

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    #7
    benjaminp, Oct 13, 2011 IP
  8. theonly1

    theonly1 Active Member

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    #8
    They are saying it has been incresed
     
    theonly1, Oct 13, 2011 IP
  9. prathaprabhu

    prathaprabhu Well-Known Member

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    #9
    There is already a thread about this why another thread?
     
    prathaprabhu, Oct 13, 2011 IP
  10. krishmk

    krishmk Well-Known Member

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    #10
    yeah just got that email. if we can receive upto 3000 US$ per transaction - what happens to the monthly withdrawal limit of $2500?
     
    krishmk, Oct 13, 2011 IP
  11. coolu

    coolu Active Member

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    #11
    Yes just got a email from paypal its great news :)

    Dear ,

    We are pleased to inform you that the RBI will now allow you to receive export-related payments of up to USD 3000 per transaction into your PayPal account, effective immediately.

    We sincerely thank you for your understanding and patience over the past few months as we continue to implement the changes required to remain compliant with the RBI guidelines. With these changes completed, you can confidently accept PayPal for your cross-border transactions with our global buyer base of over 100 million active accounts in 190 markets worldwide. We look forward to continuing to support your export business through our global online payment platform.

    To comply with the RBI guidelines, you must add a Permanent Account Number (PAN), Purpose Code and local bank account to your PayPal account in order to continue receiving export-related payments.
     
    coolu, Oct 13, 2011 IP
  12. AaRGeE

    AaRGeE Notable Member

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    #12
    There is no monthly withdrawl limit if your PayPal is Verified.
     
    AaRGeE, Oct 13, 2011 IP
  13. octalsystems

    octalsystems Active Member

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    #13
    octalsystems, Oct 13, 2011 IP
  14. creationz

    creationz Well-Known Member

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    #14
    have not received this email???
    has everyone got this?
     
    creationz, Oct 13, 2011 IP
  15. prathaprabhu

    prathaprabhu Well-Known Member

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    #15
    our population is 114+ C, you should wait mate. :)
     
    prathaprabhu, Oct 13, 2011 IP
  16. dimitri123

    dimitri123 Well-Known Member

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    #16
    Yes, Point #1 is more important. Hope that too will be restored soon.
     
    dimitri123, Oct 13, 2011 IP
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  17. JoomlaDesigner

    JoomlaDesigner Active Member

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    #17
    Yes, you are correct.

    I have got this email for both of my accounts. Business and personal.
     
    JoomlaDesigner, Oct 13, 2011 IP
  18. JoomlaDesigner

    JoomlaDesigner Active Member

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    JoomlaDesigner, Oct 13, 2011 IP
  19. vihutuo

    vihutuo Well-Known Member

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    #19
    Great work by paypal and RBI. The big ones have at last listened to the small fishes. If next, we are able to pay using paypal balance , it will be a great help for small businesses and freelancers in India
     
    vihutuo, Oct 13, 2011 IP
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  20. seowrkshop

    seowrkshop Banned

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    #20
    I also didn't get any email from paypal.
     
    seowrkshop, Oct 14, 2011 IP