Paypal's fraud with the Indians.

I can't say i've been a huge fan of PayPal. We still accept it although very cautiously. Last year they had our account suspended for three months on a bogus claim and this is after nine years of perfect history and a 311 verified rating.

 

are these problems mostly limited to Indian Paypal users?

 

PayPal is generally for small payments, The moment they come across any large amount in a transaction, it raises a red flag in the backend team of PayPal, Payment processing firms like PayPal, Moneybookers etc are keenly monitored by U.S and European financial authorities, Hence these payment firms are extra cautious in their mode of business and disable any suspected transaction..... They have no dearth of customers, every second day the world of internet is increasing and new customers keep on flowing

The moral of the above explanation is, Avoid making large transactions using PayPal

 

Definition of large payment ? How large ?

 

Anything above 500 $

 

Live rates at 2009.03.02 10:40:33 UTC
1.00 USD=51.8103 INR

Live rates at 2009.03.02 10:40:33 UTC
Paypal Conversion rate : 50.0370

Means paypal deducts 3.422% approx .

 

Does it means if anyone paying me more than 500$ , Paypal calls them to verify the amount ?

 

Ok here is what i have to say

Till yestarday the conversion was Rs 49.14

And today they are offering 50.03 and increase of 0.89 paisa.

If you check todays currecy the rupee depreciated by 0.60 odd paisa and paypal increased the conversion by 0.90 paisa

 

I agree with you.
It happens sometimes for me.
It takes high fee for Indian also.

 

I heard that paypal is limiting now a days, and waiting for the people for 180 days

i think they will earn much interest for 180 days

so, you better sue paypal pvt. limited

between, how much money you have?