Paypal can't really deploy the manpower to verify each and every transaction. Obviously, its not Paypal's fault - they gain nothing by asking for every transaction to be verified. In fact, they just stand to lose customers and have their staff's time eaten up in pesky little tasks. The fault lies with the Indian government and RBI. The old idiots in the government hardly know anything about the internet (have you seen how outdated all government sites look?), let alone online commerce. I like to think that they're doing all this a**hole behaviour just because the financial year is about the get over and they want to get as much tax as possible. The "security threat/terrorism" is just an excuse... So after April, I think things should settle down into normalcy. Just hang in there and relax
If PayPal does not follow the rules and regulations of RBI and do not file necessary documents to conduct business, then whose fault is it?
If Paypal didn't follow the rules and regulations, it didn't do so for several years before too. Why does the whole issue have to crop up in February, just around tax season? Coincidence?
I think PayPal was using/ misusing the loopholes in our system and then suddenly RBI woke up. Whatever, the common people, here in case of indian paypal users suffer.
yes i agree with u, its not a coincidence, the indian government want to recover more and more tax from people so that they can eat more money.