Paypal Indian Policy Implemented - You cannot send balance funds to anyone now

Are you sure as I have also valid credit card in my Account but when i have to send payment it will show me only credit card

Yes PayPal withdraw exchange rate is below 42.97 but when we have send money it will Rs.45.89 alot of difference :|

 

everything looks normal at this end.

I am receiving $500+ payments (just got one yesterday)
I am able to purchase things directly from my paypal funds.
I am not cashing in my paypal money within 7 days.

My paypal account is also looking normal. I think they are implementing it on select group of people to see how it goes on and affects their business also (ebay!).

After that they will think whether to deploy that on all Indian users or not.

 

yesterday it was was working fine try now

 

Expected the unexpected. BOOM!

 

fukc paypal ! my account also restricted for sending money via paypal balance

 

I tried an hour ago but I can't send money ...asked to add credit card. anybody can give any idea if attaching icici b2 account e-wallet will make it work.. Also can money be credited into icici b2 account from paypal?

 

What will happen if u dont withdraw funds

Huh was working awesome until yesterday

 

Yo !!

I have linked my bank account and my 223 $ are kept in my paypal from 3 weeks and now also i m able to send money and also able to buy goods and services.

Wow What a Miracle !!

 

currently nothing happening. but i think thats a todo list in paypal india developers.

 

how a todo list for india developers?
do you think that developers will resolve this issue and make indians be able to send payments from their balance normally?
oe its already the end of paypal with indians?

 

Even I can still see and access Send Payment Tab in my account ... wondering how they are locking this send payment tab for indian users.

 

Same shit again with paypal.
asking to add credit card...

No use holding a business account anymore with them !

 

I guess he means indian paypal users don't know yet what happens if funds are not withdrawn within 7 days. I guess paypal will start sending reminders to withdraw funds or just do it automatically after 7 days. I doubt paypal will allow sending payments from balance any more. So, everybody will get credit cards now.
good business for indian banks. Its not end of paypal with indians. Paypal is still the best. everybody just have to get a credit card which is very easy to get now but requires atleast Rs 30,000 for fix deposits which small earning indian freelancers were trying to save till now. All biggies already have credit cards and operating normally though they'll also loss some money through credit card charges.

 

Hi

I can see no change screenshot attached



Uploaded with ImageShack.us

 

If you proceed further, it will ask to pay from CC.

 

Are you guys serious? i can still see the 'Send' option under PayPal
haven't tried to pay though because, i have already paid for h0sting fee last month
will update in this thread if i won't be able to send money through that

 

are you sure?can you show us your screenshot?

 

Did you pay via Paypal balance or credit card?

 

This is interesting. I doubt you can pay through it. But maybe you can credit the b2 account. Pls update us if you can do it.

As per the policy updates of Paypal, if a user fails to withdraw within 7 days, Paypal will automatically withdraw and send the money to the connected bank account. If the amount is below INR 6999, they will charge Rs 50 as usual for withdrawal charges.

 

They do allow sending funds via Credit Card (not sure about Debit Card).
Check Screenshot..

a) Initial Screen

b) "More funding options" - the new regulation is displayed.

I dont think there is anything new to panic.. The change is as per the new policy informed to Indian paypal users last month.

P.S. Looks like sending payment via paypal is marginally cheaper than directly paying thru credit card (Credit card companies do charge 3.5% for foreign currency transaction. For 150$ paypal looks cheaper.

Paypal shows Rs. 6845.38 for 150 US$
Per Google 1 U.S. dollar = 44.2497456 Indian rupees
$150 equals INR 6637.46
3.5% foreign currency transaction equals 232.31
Total - INR 6869.77 If sent directly from Credit Card