Important Update from Paypal for PayPal India Users : Change in User Agreement

@olddocks Thanks for reply, I think you are right, but how we can believe, is it safe to withdraw that amount to my bank? I am confuse can that amount will back reversal?

 

I just sent $75 just 10 min ago and it worked perfectly till now. No problem yet for send option yet.

 

Either Paypal is in negotiations with RBI to resolve this issue or they may be making a new site especially for INDIANS.

Paypal.in with no "Send payment" option. We might see "Pay with credit card" there.

 

Paypal is actually working on to make their system RBI compatible, it will take some time I guess.

 

So why is PayPal not giving us any updates !!!

 

some users reported they not able to send money so they may implementing the rules on some criteria

 

HI users,

I just got the mail.

Dear XXXX,
With effect from 1 March 2011, PayPal will be complying with the requirements set out in the notification of the Reserve Bank of India (“RBI Guidelines”) governing the processing and settlement of export-related receipts facilitated by online payment gateways.
In order to comply with the RBI Guidelines, we will be disallowing users from using any balance in and all future payments into their PayPal accounts to buy goods or services. Users will be required to use their credit cards for making such payments.
Since our Mass Payment feature does not support payment from credit cards, we will be discontinuing this feature. Indian users will not be able to avail of the Mass Payment feature, that is, send Mass Payment through their PayPal account. However, all Indian users will be able to receive Mass Payment into their PayPal account.
We regret any inconvenience caused to you and seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.
Sincerely,
PayPal
Copyright© 2010 PayPal Inc. All rights reserved.
Consumer advisory: PayPal Pte Ltd, the Holder of the PayPalâ„¢ stored value facility, does not require the approval of the Monetary Authority of Singapore. Consumers (users) are advised to read the terms and conditions carefully.

 

Hello DPers, I just got the mail from pay pal!

Dear XXXX,
With effect from 1 March 2011, PayPal will be complying with the requirements set out in the notification of the Reserve Bank of India (“RBI Guidelines”) governing the processing and settlement of export-related receipts facilitated by online payment gateways.
In order to comply with the RBI Guidelines, we will be disallowing users from using any balance in and all future payments into their PayPal accounts to buy goods or services. Users will be required to use their credit cards for making such payments.
Since our Mass Payment feature does not support payment from credit cards, we will be discontinuing this feature. Indian users will not be able to avail of the Mass Payment feature, that is, send Mass Payment through their PayPal account. However, all Indian users will be able to receive Mass Payment into their PayPal account.
We regret any inconvenience caused to you and seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.
Sincerely,
PayPal
Copyright© 2010 PayPal Inc. All rights reserved.
Consumer advisory: PayPal Pte Ltd, the Holder of the PayPalâ„¢ stored value facility, does not require the approval of the Monetary Authority of Singapore. Consumers (users) are advised to read the terms and conditions carefully.

 

Hi - It is safe to withdraw. My question, however, is , if its safe to 'pay' for services to indian paypal accounts using PP balance ? It says in their notice that it's not.
On the other hand, "Card" mentioned we can attach our credit card and pay through that ?

 

Oops a new site ? I hope it doesn't come to that.. would be a mess.. and they wont bother to solve issues as promptly as before coz it wont be a global issue anymore.

 

If someone is having issues sending payments, pls can you post here in this thread along with reason / error you are getting and amount you are transferring ? maybe it has to do with amount or something ?

 

yep, send option is still working. anyone got more than $500 after 1st March??

 

go thru this thread http://forums.digitalpoint.com/showthread.php?t=2107650

 

2-3 guys posted they recieved 500$+ in previous pages

 

I got $700 today from my germany client. It's still working but i think they will restrict soon.

 

Iam worried how to operate without PayPal. Kept finger cross not to happen any restriction to india

 

Just read they will discontinue mass payments too - shucks ! more bad news.

 

i hope they do that... many people r depended on paypal !

 

HI ALL INDIAN FELLA MEMBERS,

AS YOU GUYS KNOW RBI SUCKED BIG TIMES BY LIMITING PAYPAL AND OTHER PAYMENT PROCESSORS LIKE PLIMUS TO NOT ACCEPT PAYMENTS VIA CREDIT CARD. IT IS PATHETIC THAT ENTIRE COUNTRY IS BEING LOOTED BY CORRUPT POLITICIANS AND WE HARD WORKERS ARE NOT EVEN ABLE TO EARN MONEY ONLINE AND ORGANIZATIONS SUCH AS RBI DO NOT WANT US TO MAKE MONEY ONLINE.

I HOPE YOU GUYS STILL REMEMBER MARCH 2010 WHEN THEY DID A WHOLE MESS OF REVERSING PAYMENTS VIA PAYPAL AND THEN IT WAS STARTED AFTER A MONTH. NOW YOU ALL KNOW FROM THIS MARCH THEY IMPOSED PRETTY HARASSING RULES ON SUCH ONLINE PAYMENT PROCESSOR COMPANIES AND I DOUBT THAT IN NEAR FUTURE MAY BE MARCH 2012 RBI WILL BE BANNING ALL OF THESE PAYMENT PROCESSORS TO PROCESS PAYMENT ONLINE AND WE ALL ONLINE EARNERS WILL GO UNEMPLOYED.

YES IT CAN BE PRETTY MUCH POSSIBLE. WE NEED TO RISE THIS VOICE. I KNOW WE CAN NOT DO STRIKES AS WE ARE NOT CONNECTED TO EACH OTHER AS IN PERSON AND WE ARE VERY FAR FROM EACH OTHER BUT WE ALL CAN WRITE A PETITION TO RBI BY FOLLOWING THIS LINK:-

http://www.rbi.org.in/scripts/helpdesk.aspx

JUST WRITE THEM THAT HOW MANY PROBLEMS ARE WE GETTING DUE TO SUCH CRAZY DECISION BY RBI. I URGE ALL OF THE INDIAN GUYS TO PLEASE START WRITING TO THEM AND SPREAD THIS WORD TO EVERY INDIAN ONLINE EARNER SO RBI CAN BE AWARE OF HOW THEY ARE BADLY AFFECTING OUR BUSINESS.

I'M MAKING 100% OF MY INCOME ONLINE AND DUE TO THE NEW RULES I HAVE A % OF CLIENTS THAT ARE NOT ELIGIBLE TO PROCESS ME PAYMENTS ANYMORE.

I KNOW HERE ARE MANY OF THE INDIAN WEBMASTERS SO KINDLY RIGHT THE PETITION AND ALSO POST IN THIS THREAD AND LET EVERY INDIAN KNOW ABOUT THIS SITUATION AND SIGN A PETITION TO RBI.

WITH REGARDS,
DHEER

alright as one of the guy here asked what to write and what to send those so I'm here sharing what I have wrote to RBI. I would suggest you not to copy and paste (as it won't make too much impact on them if all of the guys will send the same) rather just get an idea and write in your own words and your own concerns. Here is what I wrote:-

Why the hell RBI is making lots of problems for online earners like me and thousand others. I'm an online seller and selling my services to foreign clients with Plimus and Paypal but due to crazy RBI rules I'm not able to accept credit card payments anymore.

It is pathetic. The entire country is getting looted by corrupt politicians and you don't do anything with them but mess with small earners like us who are really working very hard to feed their family and bringing foreign currency in India.

Please Please Please let us live and feed our families.

I hope someone will hear my voice and take action accordingly.