I lost nearly $1900 using PayPal INDIA. If a sellar pays $100 to me they PayPal takes $5 as broker fee and what another fu**ing thing is if in real conversion 1$=52 Rupees but PayPal shows as 1$=48 Rupees. When I asked PP customer care about this fake conversions they said " Hey! PayPal is NOT a bank just it's a FU**ING corporate company that F**ks SELLARS and Sucks INDIANS " On March 2011, PP changed their terms stating that money in INDIAN PP accounts are automatically withdrawn due to "RBI Regulations" Oh! shit. Do you really think that RBI is behaving like rubbish. No, RBI asked PP to make interests on money kept with Indian PP users. PP said NO. that is the reason PP withdraws money automatically and today they removed CHEQUE payments. "PayPal protects fradulent buyers and hates true sellars" Plimus also removed PayPal as a payment option due to reversal. A lot many US PayPal accounts are being hacked daily! More over talking about paypal in INDIA is WASTE OF TIME. PayPal it self an Intangible website but doesn't provide support for Intangible goods. I hate few US buyers also. Because they buy digital goods and simply place a dispute on PayPal stating that " Unauthorized activity or Damaged good " then PayPal simply pick money from our account and drops in buyers account. very simple Most of the people from INDIA,UK,AUS,SINGAPORE buy my digital goods but not even a single case about raising dispute at PayPal. But while seeing sales reports of my digital goods 6 out of 10 buyers from US are FRADULENT! Even delivering a Physical good to US is danger using PayPal. I'm eBay power sellar in INDIA. Accidentally even if a minor damage occurs during goods delivery no one from INDIAN buyers given me a negative feedback but it's NOT the case with US buyers even if I provide correct goods. I withdrawed money on 10 DEC 2011 but my back denied and they told that I will receive amount in the form of Demand Draft(DD) from their partner bank in INDIA. I haven't received yet and I made 2-3 calls daily from 20 JAN 2012 and they will set Tape recorder as " We opened a request to our partner bank in INDIA, we are waiting for their response " same message from customer support. I have not received any DD to my address. Already 2 Months is going to complete!!!!!
can we complain against the PayPal here http://www.rbi.org.in/scripts/helpdesk.aspx that the PayPal company is keeping the limited accounts money for 180 days which is against the New rules of the RBI(Indian money should be in India within 7 days). RBI has made so many rules recently, can't they make some more rules to not limit or banned any PayPal account without any reason.(Paypal can limit the accounts if there is negative balance for 50 days) but they are limiting the accounts for useless reasons.