I have some Doubts About Paypal's new Ruling For INDIA ?

Question No. 1 : Suppose i Receive Payment of 100$(INR 4500) and it is there in my PayPal for more than a week. So will Paypal charge 50 Rupees to transfer to my bank.

Question No. 2 : Has RBI applied this Ruling other merchants also like MB, WebMoney, AlertPay ?

Question No. 3 : This Question is for my all Indian friends who have credit cards. How Much money do you loose on every international payment ? and also How Much drop is there in your monthly net income.


Thanks a Lot to all readers and answerers !!

 

Question No. 2 : Has RBI applied this Ruling other merchants also like MB, WebMoney, AlertPay ?

It wont be applicable to any of them as none of them pays through NEFT ( Local bank transfer ).

I hope this helps

 

Thanks. more Answers appreciated.

 

question 1 : Suppose i Receive Payment of 100$(INR 4500) and it is there in my PayPal for more than a week. So will Paypal charge 50 Rupees to transfer to my bank.

Ofcourse they are charging 50 rupees. Even if you make a transfer of $10 that is 450 approx , 50 will be charged . In this case Both RBI and Paypal get benefited. We,Indian Paypal Users are ultimate losers.

 

Thanka Buddy. just wanted to confirm it.

 

question 3

i have cc and i have to send money through masspay and i'll charge $5 for sending a $100.

 

I guess these rules are not implemented yet.

 

yea, Thats why i was aksing !

 

But its gonna be implemented in few days or this week I guess as PayPal has already started updating their system.
So, be ready for it.

 

Question No 1 : Yes paypal is charging Rs.50 for a transfer amount upto 6999 and if the amount is more than 7000 then there are no charges of Rs.50

 

Question No. 1 : As per current dollar rate $1 will be equal to RS: 44.84, you will be charged RS: 50 on every bank withdrawal which is less then RS: 7000

Question No. 2 : answer is NO {most of the services still don't allow bank transfer in India}

Question No. 3 : It differs from bank to bank however, i have never paid through CC since PP is still working ...

 

okay. I but i wanted to know mainly the answer to third question. but that ques is invalid atm i guess.

 

Yes i agree to SSC i think he has cleared all your doubts

 

Yeah, as long as PayPal is working you don't need to bother about paying through CC or any other means

We all are waiting for the changes to come into effect from Apr, 1 2011 onwards ... fingers crossed!