https://www.paypal-apac.com/india/ Reserve Bank of India again gives pressure to paypal and so here is paypal introducing new amendments for Indian Users. With effect from 1 March 2011, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways (“RBI Guidelinesâ€). In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows: Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.
Why you create a separate thread for it, this discussion is already take place in another thread and by the way your news is 5 days old...
I am sorry. I searched in the forum and I cldnt locate that news. Thatz why I posted it here! Can you please post the link of the other thread?
Here is the url of the thread http://forums.digitalpoint.com/showthread.php?t=2077016 Hope you never repeat such mistakes again .