Hi I am sure you guys might have come to know about new issue that PayPal has raised for their Indian users. According to their email, you can not send payment out side, that you will receive for selling goods and services abroad. You think after all this there is any use of PayPal left for Indian customers? We can only receive funds in our PayPal account and then withdraw them in our bank account, what if want to use them for purchasing services or products? We need to use our credit cards..wtf?? I think its time for all Indians to think something over PayPal now. Guys what are your opinion on this? Thanks
Well i dont understand why so many have so many issues with paypal and keep using only this. Most of my income is not from paypal though, even if i accept it daily. If your out of clues of payment processors guys, then i suggest looking at the payment processors listed in my second signature link.
I understand your frustration radhika. Please understand that assuming that email is legal one, for Indians Paypal is the best choice at the moment for Receive - Hold (30 days) - Withdraw, but for for Receive - Hold (longer than 30 days) - Pay in US$ we need to search some other service provider. I have created a post & poll here http://forums.digitalpoint.com/showthread.php?t=1764736. to find out what you guys think the best option for paying in US$ (only for indian members)
Finally, Self realization.. Good evaluation..! yes.. there are good other alternatives, its foolish to incarnate a system to be monopolistic. So the result of monopoly is always devastating.. open your Eyes.. mates!!!
I haven't got any e-mail or any indication of this issue. Can you link to a news item or paypal blog that says this? I thought all the issues were resolved.
[FONT=Arial, Helvetica, sans-serif] yes, i agree with you mate . we should find an alternative online payment processor . i think liberty reserve is better [/FONT]
QUESTION to you Radhika : Have you received such email ? If not then you are just going by speculation , please hold your nerves and if you are worriedd that much , Why don't you first try purchasing something using your paypal money in your account and then let us know
I have not received any email, I did renew some domains of mine with the PayPal funds with no issues ! So really not sure If PayPal is just ignoring me with not sending me an email or what ?
Even i did not received such type of mail from paypal .. and i don't expect ..hehe And No any type of official announcement so don't believe on such news..
its funny. few guys getting such emails withour their name addressed and few not got such mail. hope thats a bogus mail
Even I have got that Paypal email saying That funds received into your paypal account may only be withdrawn and cant be spent for online purchases. This in my opinion is ridiculous. I dont want anybody else to control my money and I am currently looking at other options. My all current deals are through Escrow.com.
Yes good that you posted with your genuine words I seriously see some speculation going on about PAYPAL Thanks and I believe , people will trust when senior members like you and then i see below surat and chandan also saying same thing that such email isn't received Only few members are saying they received this email, for the same check my another post what i feel about speculation Check my one more post here http://forums.digitalpoint.com/showthread.php?t=1762343&p=13995125#post13995125
I dont think switching to other payment processor is a good idea. What all is happening to paypal, may happen to other payment processors also. Its RBI who is committing all this and want the money to feed corrupt folks there...
This is the big problem, they seem to have a monopoly. In addition, many clients from across USA and Europe prefer using Paypal since they do not encounter similar problems that India does.
I did not receive any mail from paypal. Those who got mails did you receive any payments in your a/c?
We don't need to switch to some other payment processing company from paypal right now. If this email is not spam, then we need two accounts 1) Paypal Account : (95% of earnings should go to this account) withdraw it in INR. Best suited for us right now 2) We need another account from some other payment processor which allows us to hold US$ for unlimited time frame & allow us to pay in US$. Here we can have 5% (or what ever is your need) of our earnings stored in this account to make small payments in US$. Some of you might say that if RBI rules apply to PP then they will apply to all other companies as well. But I think (& I may be wrong) that if other companies are not registered in India with RBI then they may not be required to follow RBI directions. So the rules which apply to Paypal may not apply to all payment processing companies.
I also received the same email from paypal it; snot issue that can't reuse the fund which earned by selling services/product but another thing is need to withdraw the fund in Indian bank account with in 30 days! What if I forget to withdraw with in 30 dasy my fund will taken by PayPal?