paypal sucking,what are the other options for instant sending out funds outside india

What is the other way to send out money out of indian except CC??

Someone might be there to recapture the market which paypal gona loose now?

any suggestions will be help ful

 

Well i don't think that email was from paypal , there is no official word from paypal , so we may have to wait for sometime to know what exactly is happening.

 

Yes their should be some mistake from PayPal, We have no such issue and when I asked their toll Free number on of CCO also denied such a limitation, it only apply to South African customers!

 

I was under same impression, but one of my friend received email from paypal.. check this

he even has provided the PAN info, still this issue and to add to it i have paypal account since 2007 but still nothing for me, so i am in doubt what's exactly going on.. because if regulations will apply they will ofcourse apply for everyone in india

_____________
Dear XXXXX,

In compliance with Indian regulations, if you are selling products and services to customers globally, please review the following important information:

• Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days.

• While making the withdrawal please make sure you select the purpose code that best fits your business.

• Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.

• If you would like to make purchases on any website that accepts PayPal, you can continue to use any credit card issued by a bank in India.

For any questions, please reach out to our customer support teams by following the steps below:

1. Log into your PayPal account

2. Click “Contact Us” at the bottom of the page

3. Click on “Send Us” an email or “Call Us” to reach us by phone


We cannot thank you enough for your continued attention and patience.



Thank you,

PayPal

 

Yes,Rohit Patel is right there is mistake from Paypal.I called Paypal on their tollfree number by Skype and their executive said me that Paypal did not developed rules for Indians and infact these rules are for only South African Paypal users

 

strange, i will ask my friend who has got this email to check with paypal on this

 

rohit, did you got similar email with the text i have posted, because it says "indian regulations", just bit worried

 

sent 2$ to one of my workers to test. Successfully sent, worker is from India.

 

i am an indian and i too received this mail. and my funds are not withdrawing to my bank account.

 

2checkout.com is pretty good

 

We are discussing here for sending payments, not for withdraw. There is another thread for paypal withdraw problems.

 

I get a feeling that with RBI jumping in .. we might see some strange decisions. Since if we get this law implemented and can't use paypal funds for sending out payments then indian government makes 3% service tax on all Credit card transactions .. so thats the bottom line, stopping paypal will boost indian government revenue by 3%