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

Discussion in 'PayPal' started by Wisden Writers, Jan 28, 2011.

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  1. prathaprabhu

    prathaprabhu Well-Known Member

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    #1861
    Game Over - All the rules are live in action now.
     
    prathaprabhu, Sep 16, 2011 IP
  2. dir18

    dir18 Active Member

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    #1862
    Game over with new rules like Daily Force Auto-withdraw.

    - Now If your client open a dispute then you need to deposit money in your paypal(Negative Balance Problem)
    - Daily Auto-withdraw: You need to pay fees to your bank..(withdraw fees...)
     
    dir18, Sep 16, 2011 IP
  3. balavalli

    balavalli Guest

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    #1863
    What is this Daily Force Auto-withdraw. ?? is it a new implementation?? These Paypal people really killing freelancers in India
     
    balavalli, Sep 16, 2011 IP
  4. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #1864
    There is no fee for any amount withdrawal from indian paypal accounts to indian bank accounts.

    Yes daily force auto-withdrawal is already implemented in all indian paypal accounts.

    DON.
     
    deluxdon, Sep 16, 2011 IP
  5. kiranheartbeats

    kiranheartbeats Well-Known Member

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    #1865
    Today conversion is higher compared to last week (1 USD = 45.8640 INR ). Whether it go up or down ? any idea.
     
    kiranheartbeats, Sep 16, 2011 IP
  6. Ayansarei

    Ayansarei Peon

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    #1866
    Hello! Just some days ago, I had got a message from paypal "your money automatic transferred to your bank a/c". How strange; get reviews from Paypal team dear ...
    it's RBI policy so we had transferred. No need to worry we will get within 4-5 days with your bank a/c. Thanks Paypal.... this was after my clam.

    So I don't think if it'll like this, then how we can buy any thing online? like domains hosting (as a web professional).
     
    Ayansarei, Sep 16, 2011 IP
  7. kiranheartbeats

    kiranheartbeats Well-Known Member

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    #1867
    You can't use paypal funds to buy anything online. You need either CC or Debit card.
     
    kiranheartbeats, Sep 16, 2011 IP
  8. dir18

    dir18 Active Member

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    #1868
    But Indian banks charge money for "x" amount of transaction(withdraw)

    365 PayPal Transactions in one year + Daily Transaction + Client transactions..


    Total: 1600 Transaction in one year.. :(
     
    dir18, Sep 17, 2011 IP
  9. prathaprabhu

    prathaprabhu Well-Known Member

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    #1869
    This is going to be fun. :)
     
    prathaprabhu, Sep 17, 2011 IP
  10. kiranheartbeats

    kiranheartbeats Well-Known Member

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    #1870
    I think auto-withdrawal is not implemented on all accounts. I have premier account and its not auto transferring.
     
    kiranheartbeats, Sep 17, 2011 IP
  11. keltron

    keltron Peon

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    #1871
    Is 500$ limit is in force too?...........thats gonna make me in lot of trouble....
     
    keltron, Sep 21, 2011 IP
  12. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #1872
    From 26th September, 2011.

    DON.
     
    deluxdon, Sep 21, 2011 IP
  13. Wisden Writers

    Wisden Writers Well-Known Member

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    #1873
    Its all over mate,

    Get all payment within 5 days.. as after 26th you are not going get receive any payments over $500.

    We all have to look for some other options to get payments over $500
     
    Wisden Writers, Sep 21, 2011 IP
  14. Jash Wani

    Jash Wani Peon

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    #1874
    Problem is that maximum clients cnt wire payments, Most publisher companies pay wire only when the earnings are over $1000. And there are companies(Paypal alternative) which don't transfer money to india, and the ones which do, No one uses them to send money. This is horrible.
     
    Jash Wani, Sep 21, 2011 IP
  15. keltron

    keltron Peon

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    #1875
    After 500$ limit, only option left for me is to use wire-transfer, but I'm totally new to this. I have a SBI saving account & i get around 3k $ monthly......can anyone advise me regarding the process to get it through wire-transfer & charges of the bank....will it be possilbe in a saving account.....:( :(
     
    keltron, Sep 21, 2011 IP
  16. parsibagan

    parsibagan Active Member

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    #1876
    Sure mate!You can opt for a wire transfer even if you have a savings account. If your client transfers 3K through wire transfer, preferably through any partner bank of SBI, it might work out cheaper than Paypal. You should get in touch with the manager of your bank regarding the procedures. Hope this helps.
     
    parsibagan, Sep 21, 2011 IP
    keltron likes this.
  17. ifreakz

    ifreakz Well-Known Member

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    #1877
    Call up your Branch or Search Online to get the SWIFT CODE of your bank. Usually several branches have several SWIFT Codes. Contact your bank to verify the SWIFT CODE for Wire-Transfer. Send it to the payer and once he initiates the transfer you should receive funds within 5-6 days max. You may need to email your bank at times to make them check SWIFT Transactions to your account.

    HDFC Usually does it faster for all Current accounts. I get wire received in a day or two.

    Thanks
     
    ifreakz, Sep 23, 2011 IP
    keltron likes this.
  18. keltron

    keltron Peon

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    #1878
    thanks ifreakz...BTW what about the charges
     
    keltron, Sep 24, 2011 IP
  19. a_sharma205

    a_sharma205 Member

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    #1879
    Same with my premier paypal account.
     
    a_sharma205, Sep 24, 2011 IP
  20. ifreakz

    ifreakz Well-Known Member

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    #1880
    Will be effective soon. Mine is also premiere. auto withdrawal took place yesterday, it was to a wrong bank acc (someone where i did not want it to go). and i had to cal them up and have conversion loss to get it cancelled and redone to right account. Frustrating.
     
    ifreakz, Sep 24, 2011 IP
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