PayPal India

Paypal in charge of revenge against RBI strictness

Paypal in charge of revenge against RBI strictness

By- Staff Correspondent | Date- October 28, 2011 Advertisements After the revelation regarding the latest rip off from Paypal in yesterday’s report published PayPal RIP OFF tracked by Times of Assam, it has come to light that over 2000 accounts of Indian PayPal users have been suddenly made permanently limited, which means all these Indian […]

Paypal transaction limit increased- hopes and concerns of Indian SMEs

Paypal transaction limit increased- hopes and concerns of Indian SMEs

Online payment giant PayPal has been notified by the Reserve Bank of India (RBI) that effective immediately all PayPal merchants in India can receive export-related payments for goods and services into their PayPal account up to USD 3000 per transaction. This has been raised from USD 500 per transaction limit current imposed. This is claimed […]

PayPal Starts Fowl Play

PayPal Starts Fowl Play

The online money transaction entity PayPal has suspended its withdrawals to Indian banks and does not expect to resume this service before the 3rd of March. Amidst huge debates and controversy surrounding the PayPal RBI tussle leading to new PayPal rules, this suspension of transactions comes as a surprise and severe blow to its Indian […]

RBI Guidelines to PayPal make life hell for IT Service Providers

RBI Guidelines to PayPal make life hell for IT Service Providers

By- Priyankan Goswami The conflict between PayPal and RBI’s recent Regulation’s which led to PayPal to declare new rules to be brought into effect is set to affect adversely all small scale Freelancers and Service providers. Post the write up named PayPal’s new rules based on RBI Guidelines : Blow on Indian Freelancers published in Times of […]

PayPal’s new rules based on RBI Guidelines – Blow on Indian Freelancers

PayPal’s new rules based on RBI Guidelines – Blow on Indian Freelancers

In a country where Governments give a blind eye to crores and crores of money fraudulently transferred to foreign accounts, where corruption and scam by top capitalists and ministry officials come second nature, there has come a new set of rules and regulations to create only inconveniences to small Indian SMBs and independent freelancers. For […]