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

Discussion in 'PayPal' started by theonly1, Apr 8, 2010.

  1. cooolapts

    cooolapts Active Member

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    #21
    This really makes me angry. Its my own money, I can do whatever I want. Who are they to decide whether to withdraw the money to bank or send it to anyone ? Why I cant use my balance to pay anyone ? Is it a black money that I am sending or I am paying to any wrong person ?
    SEMrush
     
    Last edited: Apr 8, 2010
    cooolapts, Apr 8, 2010 IP
    SEMrush
  2. myveed

    myveed Peon

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    #22
    the Indian regulators, they want your taxes, nothing else.
     
    myveed, Apr 8, 2010 IP
  3. aspire

    aspire Well-Known Member

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    #23
    It will be difficult to pay freelancers through credit card. I mean how do you pay $10 to some coder who did your work. How to make the payment through credit card ?
     
    aspire, Apr 8, 2010 IP
  4. rathin

    rathin Peon

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    #24
    we all ready to pay and we paying IT and the issue why they need 30 days time to withdraw it,they shd not control us it our privacy issue
     
    rathin, Apr 8, 2010 IP
  5. belranjan

    belranjan Member

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    #25
    PayPal r fucker they limit my account for last 15 days still my account is under review. I called them many times a mailed them many time still no action. They are holding my 5k which I got paid from EPN last month. I stopped promoting my EPN ID now I am doing JV that also only for US and UK guys where they can get paid direct to bank account not to use the fucker PayPal I can’t relay on them. Now I need a better solution to get paid from them.
     
    belranjan, Apr 8, 2010 IP
  6. krishmk

    krishmk Well-Known Member

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    #26



    It is very much possible to send $10 thru paypal (funding source: credit card).
    But I know the receiver would be charged more commission.
    --------------------------------
    BTW Send money option still shows funding source as paypal balance... guess it would be gone in the next few days...
     
    krishmk, Apr 8, 2010 IP
  7. venkatreading

    venkatreading Peon

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    #27
    hey!wtf? the only reason india is ignored around the internet is because of this filthy government
     
    venkatreading, Apr 8, 2010 IP
  8. deluxdon

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

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    #28
    All i can say is another big bouncer from paypal for indian users :rolleyes:

    DON.
     
    deluxdon, Apr 8, 2010 IP
  9. aspire

    aspire Well-Known Member

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    #29
    In hope we live :)
     
    aspire, Apr 8, 2010 IP
  10. myveed

    myveed Peon

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    #30
    so what they will do if someone keeps his money more than 30 days? paypal will eat it?
    i have around $3000 in paypal thats payment recieved over the period of 6 months, can i keep this for some more time?
    i may need to pay for my domains,webhosting etc...
     
    myveed, Apr 8, 2010 IP
  11. Oranges

    Oranges Active Member

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    #31
    It just shows one thing from RBI "Kill the common and Feed the Uncommon"
    Wtf they gotta do with that dammit, Freakin morons! Next thing RBI and paypal will do is to privately tell each one of us that "what to buy and what not to...."
     
    Oranges, Apr 8, 2010 IP
  12. krishmk

    krishmk Well-Known Member

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    #32
    absolutely true... this would affect paypal as well. becoz if I am asked to pay for my expenses via credit card, I can always pay (for my hosting/domain) directly thru credit card without using paypal. Loss of revenue for paypal...

    But believe me... this new rule is good for accounting purposes. You can show your income/expenses in a clear manner...
     
    krishmk, Apr 8, 2010 IP
  13. deluxdon

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

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    #33
    Thats why they have introduced new feature called Settlement Withdrawal :confused:

    DON.
     
    deluxdon, Apr 8, 2010 IP
  14. uycw

    uycw Active Member

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    #34
    Indian GOV is acting like childish! They have very big hold of correction all over india! They dont see all those dam, but they keep on hitting people who earn money by working hard! This is really bad movement from both indian GOV and Paypal!

    So, My Final question is from when on they are going to implement this!

    My question is if i had verified my account using bank account! How can i pay for the freelances! How can i pay them! I dont have credit card! BAD BAD BAD... Confused with them!
     
    uycw, Apr 8, 2010 IP
  15. abhijit

    abhijit Notable Member

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    #35
    I do not have a credit card, how should i pay my hosting?

    But I just made a couple of payments to my hosting, so far they are successfully done.
    But don't know if they are going to reverse it.

    Anything is possible with paypal!!!!!
     
    abhijit, Apr 8, 2010 IP
  16. sachin410

    sachin410 Illustrious Member

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    #36
    Get a credit card.

    There isn't much we can do now.

    I had surrendered my ICICI credit card 2-3 years back. Now I will have to get a new one.
     
    sachin410, Apr 8, 2010 IP
  17. RFX

    RFX Peon

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    #37
    Think logical.
    Before Local Bank transfer support started , your Paypal holding in USD was outside india, and when you withdraw, your money was coming from PayPal US to your local bank through international Wire Transfer.
    Previously your Paypal transactions was happening outside india, so for buy/sell there was no much problem, and when you done wire transfer your money was coming through International wire transfer through Authorise Dealer ( Bank)
    Now thing has changed due to Local Bank Support. now your transfer from USD to INR is local bank transfer from PayPal to your Bank.
    that means you are holding PayPal USD on Indian land and converting that USD to INR on Indian Land .
    Now it looks like PayPal holding all indian users USD holding inside india and providing Local Bank transfer Support.
    And since this all transaction are happening within Inda, all Local law related to Foregn Exchange play role.
    RBI says, if you hold USD within india, you have to surender that, that mens you have to convert USD to INR. This help RBI to mantain there USD reserve.
    That is reason now PayPal started saying you have to transfer your PayPal holding within 30 Day.

    Correct me if i am wrong
     
    RFX, Apr 8, 2010 IP
  18. powerboss

    powerboss Active Member

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    #38
    We never know what will be the next action from Indian authorities, so lets make a mass group, hire a top lawyer and meet RBI

    Let us make a group,
    make a plan,
    meet at a place,
    meet the people of RBI,
    explain them our concerns,
    and solve the issue.

    Just decide the date and start this motion.
     
    powerboss, Apr 8, 2010 IP
  19. RFX

    RFX Peon

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    #39
    Anyone noticed.........PayPal has not yet added INR as a holding currency.
    Next move we can expect from PayPal is adding INR as a Holding Currency.
    .
    .
     
    RFX, Apr 8, 2010 IP
  20. ToP_Designer

    ToP_Designer Peon

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    #40
    Again.. Indian Paypal Under Surveillance Why ...

    You cannot Use the paypal Money - You need to Use Credit Card
    The Money you receieve Should be withdrawn within 30 days..

    More will be added ... By Paypal :p

    My Personal Thought ( RBI Implemented So indian Webmasters Get Screwed , As they know how much We are earning :mad: )
    T_D
     
    ToP_Designer, Apr 8, 2010 IP