paypal India - Here is Next Problem - Now you can not pay outside

I’m pleased to let the thousands of businesses who rely on PayPal to sell their goods and services around the world know that we’ve resumed local bank withdrawals in India.

When you select the ‘Withdraw Funds’ option on your PayPal account, we will ask you to fill out a new field entitled ‘Purpose Code’. This information is required under the laws of India in order to identify the nature of cross-border merchant transactions. Simply select the one most appropriate for your business. More details on purpose codes can be found here

If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page.
/www.paypal.com/in/cgi-bin/webscr?cmd=xpt/Marketing/popup/PurposeGroup_IN-outside

Peddu
Hostcats.com

 

I guess the above issue reflects the below mentioned.

Well it's been like 10 days now since i have made a withdrawal request. I have spoke to Paypal CC over skype as they are having issues transferring to Indian Bank Account (This may be due to April 1st IT or other related issue) which will be resolved before this month end time.

Keep watching the status in your Paypal account.

Cheers

 

I did an online purchase from my paypal bal yesterday and it worked.

 

I agree . We have to shift . But everyone is behind PayPal . I dunno how are we gonna keep up .

 

I know this is what they are going to do. As this is what the info we received from bankers at the beginning of 2010. But we did not take seriously. Now we suffer.

 

Paypal is currently the strongest monopoly at the moment just like google in search u cant easily find competitors

 

They have the worst service standards too.

Why can't they just clarify their position on their blog and end all this confusion..

 

There are many competatior.s Niche based or country limited.

 

maybe they are still working on it coz watever is said is not yet implemnted ...

 

As Bohra said, its a monopoly. There's no competitor for PayPal in India and that's the reason they are doing things pretty calmly

 

So what do you think? we can purchase online or not?
i have made several purchased in last 4 days, all worked fine accept one. one payment to seller didnt worked and it is said as "unauthorised transaction"

 

what purpose code should i choose in paypal widrawing ?
i got payment from hotfile.com..i m uploader. and i m in india ..pls suggest

 

Just use freelance journalism, it might help in tax issues later, so I have heard.

 

I don't think that's a very sound advice and lalitdhiman will find it difficult to explain if PayPal asks for proof . Also, the payment site and it's description of payment will make the fact evident that it's not actually for freelance writing.

 

And what proof can paypal ask for services?

 

ask people who've had their accounts limited and then have been asked for proof...

 

so what to do ?

 

Account limitation is not an issue. They do it for security reasons. And it is not done to harass people.
But the limitations is making use of the paypal balance to buy something is really strange.

 

"But the limitations is making use of the paypal balance to buy something is really strange. " @rahuldas14 what do you mean here?

 

If you read carefully the updated policies on paypal's site, you would see that the withdraw money to bank accounts within 30 days of receipt is imposed on people only from South Africa.

It is not for Indians. Atleast for now.