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  1. #1
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    Question PayPal doubt India?

    Hi,

    Paypal seems to make new policies in India. Do you know how much maximum $ can be kept as Paypal balance in our paypal account?

    If we do not bank transfer it what will be consequences?
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  2. #2
    It will be in your account. No issues. But you cannot use that for payments from paypal balance.

  3. #3
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    Good to know!
    Can we keep an amount in exess of $500 in the free account of paypal.?
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  4. #4
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    Also if someone has to pay us $1000, can they do it to our Paypal in India. Or they have to divide into $500 each to send us!
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  5. #5
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    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.

  6. #6
    PayPal is not allowed to hold money for more than 7 days, According to RBI policy. However they are still holding money if it is less than $10.

  7. #7
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    LOL I wish they became better
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  8. #8
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    Quote Originally Posted by Manjusha4serveradmin View Post
    Also if someone has to pay us $1000, can they do it to our Paypal in India. Or they have to divide into $500 each to send us!
    I think receiving $1000 to Indian PayPal accounts is not possible, they have to divide.

  9. #9
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    Yeah its really being a headache to deal with paypal these days ..hope there will be a solution or a better alternative

  10. #10
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    we can't use paypal balance

    This rule is made by PayPal (Not RBI)
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  11. #11
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    OOh my thats too much . Means I have lost good money in my paypal balanace. I forgot to withdraw to teh bank

  12. #12
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    It's just that certain countries have higher level of fraud, not necessarily always though.

  13. #13
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    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.
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  14. #14
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    Quote Originally Posted by Manjusha4serveradmin View Post
    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.
    Specially, it is a big problem for freelancers as they can't receive payments to their PayPal accounts.

  15. #15
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    Quote Originally Posted by Manjusha4serveradmin View Post
    OOh my thats too much . Means I have lost good money in my paypal balanace. I forgot to withdraw to teh bank
    so sad to hear that
    why forgot ?
    Last edited by writespeak; 05-16-2011 at 12:29 PM.

  16. #16
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    It seems online business related people from India face hard times with it

  17. #17
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    Quote Originally Posted by Resellerid View Post
    so sad to hear that
    why forgot ?
    Yes its solved now. I was in a nightmare so far. I can receive payments.

    But I can't send money to anyone using paypal.
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  18. #18
    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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  19. #19
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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..

  20. #20
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    Paypal is growing and getting worst. used to be so great.

  21. #21
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    Quote Originally Posted by brc_csf View Post
    Paypal is growing and getting worst. used to be so great.
    I don't know about other countries, but I think PayPal is not growing anymore in India. RBI is the main problem to PayPal.

  22. #22
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    High Time to look for a new option. Wester union XOOM etc look fine
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  23. #23
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    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.

    Hope there will be a new good option soon.

  24. #24
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    Quote Originally Posted by Manjusha4serveradmin View Post
    High Time to look for a new option. Wester union XOOM etc look fine
    I have never used the XOOM, are they really trusted and secured?

  25. #25
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    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.

  26. #26
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    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.

    Quote Originally Posted by Manjusha4serveradmin View Post
    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.

  27. #27
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    so from all the above I guess paypal is not a good option for online treansactions..
    Can anyone suggest any other payment options ..?

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