Did anyone email/contact RBI about paypal's new policy ?

Discussion in 'PayPal' started by it career, Apr 12, 2010.

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  1. #1
    I think each freelancer from india should appeal to RBI that they should allow atleast to spend $500 per year
    from paypal account for covering domain registration , web hosting and internet advertising
    Else RBI should be responsible for all freelancers commiting suicide for not being able to pay credit card bills,
    RBI should not act as credit card salesman advocating to buy credit card from bunch of thugs and thieves.
    You can find details of RBI contact persons here
    http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=164
     
    Last edited: Apr 12, 2010
    it career, Apr 12, 2010 IP
  2. abiji

    abiji Active Member

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    #2
    Per year ? They should make that Per month at least.
     
    abiji, Apr 12, 2010 IP
  3. powerboss

    powerboss Active Member

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    #3
    This problem cannot be solved by just discussing the after effects. Lets get united make a strategic plan and meet RBI is mass. Its dangerous to use credit card for all our purchases online. Hope Indian regulators understand this.

    Also how can they dictate us not to spend Paypal money. Paypal is not Indian firm. Its our right to spend, send or withdraw paypal funds.

    If they are concerned about terror activities, we by adding Pan card will be easily catched if we are doing any illegal activities.

    Hope the dumb Indian regulators understand the depth of this problem.

    Lets make a revolution now to keep our futures safe.
     
    powerboss, Apr 12, 2010 IP
  4. theonly1

    theonly1 Active Member

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    #4
    I hope Paypal can come forward and clarify what reasons have make them change the working of paypal.Give us Circular Numbers/Notices they get from paypal ,so people can get united and Fight back.
     
    theonly1, Apr 12, 2010 IP
  5. techGuide1

    techGuide1 Peon

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    #5
    It's really shame on India's so called shit rules ......
    Shit RBI go and suck the bloody ministers and officers first if you all don't hv any hell work to do.
     
    techGuide1, Apr 12, 2010 IP
  6. RFX

    RFX Peon

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    #6
    .
    Don't blame RBI, they did not change any rule for PayPal.
    Since your PayPla accout is now transfer to India for prviding Local Bank support. RBI comes in picture since your PayPal accout is in USD.
    If PayPal provide INR currency in there supported currency, then your incoming USD will directly get converted in to INR, but till now RBI not given permission to PayPal as a Authorise Dealer for converting USD to INR.
    Logicaly those who verify there PayPal accout with Local Bank, there PayPal accout is shifted to India, and those pople need to convert there USD holding to INR withing 30 day, since RBI don't allow you to hold USD, beyond 30 day.
    This is what i uderstand logicaly.
     
    RFX, Apr 12, 2010 IP
  7. ashishchandradev

    ashishchandradev Greenhorn

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    #7
    It's very sad that there are no solid rules developped in India for cyber business regardless of it being a huge economy.
     
    ashishchandradev, Apr 12, 2010 IP