Hi Guys, Here is a petition to appeal to RBI to do something ASAP on this PayPal Issue. http://www.PetitionOnline.com/PPvsRBI/petition.html Sign it and we will send it to RBI.
certain things wrong with the petition: 1. they are not new rules, but old rules [Payment and Settlement Systems Act 2007], PayPal had to register itself within 6 months of operation, PayPal did not, so RBI sent a few good questions to them, so they siezed certain functions like personal payments and remittances to local banks 2.PayPal did not stop to/ from Indian payments, only personal payments, you can still commercial payments (sigh)! If you can edit the petition slightly, it would be better, just signed up! M.
Hardly matters. Since commercial payments received cannot be withdrawn to a local bank which means it still is blocked. I will still check if that can be edited or not, but I am afraid it cannot be.
if we have a good strong community it just might,.... remember those vote hungry ministers we have,.... anyone gets a hold of a petition signed with a 10,000 ~ strong people,.... it will work!
Hey I thing this petition worked just kidding.. I am happy that people signed the petition for good and yes good news came quickly.
Dude that is what I said.. good news came within 24 hours after starting the petition. So I was just trying to take credit of it just kidding.