Recurring payment through paypal is restricted by RBI? Drawback for Indian marketers?

Discussion in 'PayPal' started by mharrisr, Nov 10, 2012.

  1. #1
    Hi,

    I have subscribed in a membership site with my paypal account, I'm a member in that site for over three years. Paypal automatically debit my credit card every month. Today I got an SMS alert from the bank saying that "THIS IS NOT AN AUTHENTICATED TRANSACTION AS PER RBI MANDATE EFFECTIVE 1 MAY 2012" for this membership payment. So what would happen for Indian online marketers who rely on monthly subscription payments? Those who subscribed for their service through paypal cannot continue their service?

    Please post your opinion and suggestions here.

    Thank you

    Harris
     
    Last edited: Nov 10, 2012
    mharrisr, Nov 10, 2012 IP