Given all the uncertainty, why not look for a solution other than PayPal. At this point, it just seems risky for anyone in India to conduct business through PayPal.
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There are similar problems for some other countries, too. For example; Paypal does not allow to use our balance to send money to Paypal accounts that opened on other countries. We can only receive money. I am looking for an alternative because of this.
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Better to use a Verified By Visa (VBV) payment system and collect payment to bank directly. You can make payments to any VBV approved payment gateway using your debit card. But for sure, nothing is smooth as using Paypal..
Here, in Brazil, they had lot of changes (increasing fees, blocking the use our currency to pay foreign accounts) . We had to stop to work with paypal for "local" customers. Only foreign customers are paying using it.
Few years ago, I hoped that Google Checkout with give good fight to Paypal and there will be a viable and credible alternative to Paypal. But half-hearted attempt of Google has clearly failed to make any progress in International markets.
Recent changes in Paypal policies are a bad news from the POV of customers in India and I think there is no hope for any improvement in near future either.
paypal is not hurting anyone they are following the RBI rules only. In this way paypal is loosing some business so its a loss for paypal but they have to follow the RBI instructions.
RBI is also not hurting anyone, what they are doing it is good for Indian economy.
Originally Posted by Manjusha4serveradmin
Chances are less for fraud in India. Unless people from other countries are opening fraud paypal accounts in India.
Seems too bad RBI and Paypal are hurting the people's income.