New Paypal Agreement for INDIA , HELP !

Status
Not open for further replies.
V

veer_singh

Inactive
Contributor
New Paypal Agreement for INDIA , HELP !!!!!!!!!!!

WHAT DOES THE FOLLOWING SENTENCE MEANS

As part of our commitment to provide a high level of customer service, we would like to give you a 30-day advance notice on changes to our user agreement for India.

With effect from 1 March 2011, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways ("RBI Guidelines").

In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows:

1. Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and

2. Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.

We seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.

We regret any inconvenience caused to you and hope the advance notice will enable you to plan your future use of our services accordingly. For further information, click here.

If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page. We sincerely thank you for your patience and continued support.
Sincerely,

The PayPal Team

SO CANT WE BUY ANY ITEMS ONLINE BY USING PAYPAL BALANCE OR FUNDS ??
 
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!

Sry kinda off topic.

Paypal account possible without any credit card in India ?
 
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!

This is bad for me. I used to pay my Server charges & receive income through Paypal. Don't know what to do.

Is Indian Credit Cards accepted by Paypal for making payments ?
 
This totally sucks. Now have to withdraw the funds at their very low exchange rate and make payments using a CC at a much higher rate after the foreign currency charges.

@major9 : Yes any international credit card can be used, and debit cards from certain banks too.

Sent from my ZTE Blade using Tapatalk
 
Anyone got the new guidelines mail from paypal??

I got a mail from paypal stating that...

As part of our commitment to provide a high level of customer service, we would like to give you a 30-day advance notice on changes to our user agreement for India.

With effect from 1 March 2011, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways ("RBI Guidelines").

In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows:

1. Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and

2. Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.

We seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.

We regret any inconvenience caused to you and hope the advance notice will enable you to plan your future use of our services accordingly. For further information, click here.

If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page. We sincerely thank you for your patience and continued support.
Click to expand...

So does this basically(in simple words) mean we can't use paypal anymore??
 
Re: Anyone got the new guidelines mail from paypal??

Sorry, didn't see that thread. Sorry for creating new one for same reason.
 
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!

Guys can anyone simplify this for me?? What does that basically mean?? We can't use paypal anymore??

Or just as stated we can't buy anything using paypal but any income received should be withdrawn to my bank a/c within 7days after receiving the payment.
 
Re: Anyone got the new guidelines mail from paypal??

So this basically means we can't buy anything anymore using Paypal and any income received should be withdrawn to our bank A/c within 7days after receiving the payment. Right??
 
Re: New Paypal Agreement for INDIA , HELP !!!!!!!!!!!

You can use Paypal but if you need to buy anything using Paypal it has to be funded with a Credit Card and not from Paypal balance. And if you do receive any Paypal funds as a payment for Goods or services you need to withdraw it within 7 days, you are not allowed to keep a non-zero Paypal balance.
 
  • Like
Reactions: 1 person
Re: Anyone got the new guidelines mail from paypal??

krishnandu said:
So this basically means we can't buy anything anymore using Paypal and any income received should be withdrawn to our bank A/c within 7days after receiving the payment. Right??
Click to expand...
You can very well buy stuff using Paypal, it just has to be funded using a Credit Card and not from Paypal balance.
 
Re: Anyone got the new guidelines mail from paypal??

Hmm...got that....thanks guys for clarifying...

So persons who doesn't have credit card's can't buy anything.... :(

--- Updated Post - Automerged ---

BTW @MODS, please merge these two threads...
 
Re: Anyone got the new guidelines mail from paypal??

^ No they can't without a CC. But some debit cards do work, my friend was able to use his Indian Bank MasterCard debit card to make a payment.
 
Status
Not open for further replies.
Top Bottom