New Paypal Agreement for INDIA , HELP !
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Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!
This really is a bad news for peeps with no credit card like me.
This really is a bad news for peeps with no credit card like me.
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!
I have found a loop hole , just create a UK paypal account and get funds from any other account through MASS pay and you can use it for making payment [ this is informative for the guys who dont have credit cards at all ]
I have found a loop hole , just create a UK paypal account and get funds from any other account through MASS pay and you can use it for making payment [ this is informative for the guys who dont have credit cards at all ]
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!
and how do you plan to verify that account.Non-verified account gets limited pretty soon and then consider your funds locked for six months.veer_singh said:I have found a loop hole , just create a UK paypal account and get funds from any other account through MASS pay and you can use it for making payment [ this is informative for the guys who dont have credit cards at all ]
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!
^^^^ Transfer some funds and buy the item immediately
^^^^ Transfer some funds and buy the item immediately
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!
The best solution is to get a Credit Card. Almost all banks give you a credit card instantly based on a fixed deposit without any credit check etc. From SBI you can get a credit card by opening a FD of a minimum of Rs 10,000.
I wouldn't really recommend this option. If they find you accessing a UK account from India, your account may get flagged and get limited. If they do limit your account you will have no way of getting the account reinstated as you won't have any documents or proofs to provide them.veer_singh said:I have found a loop hole , just create a UK paypal account and get funds from any other account through MASS pay and you can use it for making payment [ this is informative for the guys who dont have credit cards at all ]
The best solution is to get a Credit Card. Almost all banks give you a credit card instantly based on a fixed deposit without any credit check etc. From SBI you can get a credit card by opening a FD of a minimum of Rs 10,000.
Here is other side of story:
Why Is PayPal Screwing Indians? An ex-RBI Employee Tells Me The Facts
I am pissed at paypal
Why Is PayPal Screwing Indians? An ex-RBI Employee Tells Me The Facts
I am pissed at paypal
Well, I still think it's the fault of RBI, why should paypal change their rules only for Indians and bogus RBI rules??
RBI wants them to operate as a bank and pay interest if they holds money, means RBI is forcing Paypal to do this, Paypal is here to make business, why should they turn themselves into a bank??
RBI wants the report of payments if it's >500, again they are interfering on Paypal's internal works.
We users are accepting and using Paypal after knowing all their charges and all that, so there is no question of RBI forcing paypal to do this.
I think RBI should accept and operate Paypal freely. What's is RBI's problem when the user's are accepting every rules??
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One more thing, I just guess RBI doesn't have any income if they get successfull to force Paypal to agree those rules, something like tax or so??
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And as for boycotting Paypal, it's never going to be possible, Alert Pay, Western Union, whatever service you use, 90% of websites accepts Paypal, and is the only way to buy for those who doesn't have CC's. So it's never going to be happen.
RBI wants them to operate as a bank and pay interest if they holds money, means RBI is forcing Paypal to do this, Paypal is here to make business, why should they turn themselves into a bank??
RBI wants the report of payments if it's >500, again they are interfering on Paypal's internal works.
We users are accepting and using Paypal after knowing all their charges and all that, so there is no question of RBI forcing paypal to do this.
I think RBI should accept and operate Paypal freely. What's is RBI's problem when the user's are accepting every rules??
--- Updated Post - Automerged ---
One more thing, I just guess RBI doesn't have any income if they get successfull to force Paypal to agree those rules, something like tax or so??
--- Updated Post - Automerged ---
And as for boycotting Paypal, it's never going to be possible, Alert Pay, Western Union, whatever service you use, 90% of websites accepts Paypal, and is the only way to buy for those who doesn't have CC's. So it's never going to be happen.
Party Monger
Juggernaut
LOLkrishnandu said:
"bogus RBI rules" Dude do you have a single idea of how well RBI regulates the banks so that something similar to the American collapse doesnt happen?
It is one of the best banking regulatory bodies in world. One of the major reason why foreign investment is flowing into India.
Paypal cant even be considered a small fish for these people. The brains there can look right through your business model, screwing them is next to impossible. Trust me I know a few personally.
Ok, I agree. But do you really think forcing Paypal to operate like a bank is a good idea?? Paypal will never agree. They are here to do business, why would they change their rules for RBI?? It's operating in whole world.
Its to prevent money laundering, terrorism funding and what not. But still as a alternative, banks need to make international payments much easier. Paypal does not want to adhere to KYC and other norms floated by RBI , which is mandatory for all institutions facilitating financial transactions.
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