PayPal Bank Transfer NOT Available - How do you feel about new policy for Indians!

From August 1, 2010, Electronic Transfer to Bank will not be available.

How do you feel about this new policy of PayPal? I think, there will be a lot of inconvenience. What do you say?

Thanks
Regards

 

I say one thing, "Leave PayPal" and start using another payment alternatives.

 

But why would they put up a policy like that? What's with Indians and bank transfers?

 

Maybe RBI have problem or PayPal have problem from increasing Indian accounts.

 

RBI pressures on Paypal to give all the details about each transactions, They have stopped bank transfer process not all other.

 

Well that would suck really bad. Why won't PayPal just flush out accounts being made in India that hasn't been active for an x amount of months?

 

The problem is with active accounts using money transfer daily.

 

But how beginners will start their businesses?

BTW, how much time it will take when we drop check in the bank and cash appears in our bank account.

 

I dunno, I don't live in India. Well for starting webmasters, how about adsense (that is if they're into blogging and stuff)? or they'll just have to find another payment alternatives. I highly doubt that it is only PayPal and that there are no other payment services can be found in India. PayPal may be the most popular and reliable but the Indians have no other choice over it anyway.

 

It would take years.

Time receiving the check - 1 month
Time clearing the check - 1 month

 

i'm so sad when i listen this news from paypal via mail.

you are saying right that all indians people have been left paypal account.

 

i could care less,i don't live in India.
isn't there a paypal section that is 97% filled with posters from India?

 

Yes, if we all leave it buyers will also start accepting new alternatives.

 

They really shouldn't do this

 

But, they did it. So, let's face it now take some action.

 

Is this policy only applies in India or all over world? Me for one is going to leave Paypal, maybe seeking other payment service that can transfered to bank account

 

On the bright side paypal is still available in your country that is something to be thankful for

 

paypal sucks , so leave it , better to use cc directly for payments and wire transfer to recieve payment. well paypal cheque clear in 3 days. don't use paypal to save 10% of your money paypal charges + Forex charges = approx 10%

 

I do not know, what problem PayPal is having with Indians
- First they removed Personal Payment option.
- Now they have stopped electronic transfer option.

I am thinking about opening a merchant account, which is the best company that allow me to accept Credit Card and then allow me to transfer funds to Bank.

 

Moneybookers.