Just three days after announcing that PayPal India will stop its electronic withdrawal service for account holders in India, PayPal posted a reverse decision on its official blog that the electronic withdrawal service will continue as usual. In addition, the US$5 refund on cheque request will still be valid until further notice.
I guess, besides the fact that India is a large market for PayPal and they would like to please the customers who have been agitated by the news, PayPal must have resolved issues with the Reserve Bank of India (RBI) or perhaps requested for everything to go as normal whilst they work out the legal kinks in the background without inconveniencing their users.
Whatever it is, this is great news for users in India but I think that with the many troubles they have been facing since January this year, they really should look for an alternative way to accept payment from overseas.
I guess, besides the fact that India is a large market for PayPal and they would like to please the customers who have been agitated by the news, PayPal must have resolved issues with the Reserve Bank of India (RBI) or perhaps requested for everything to go as normal whilst they work out the legal kinks in the background without inconveniencing their users.
Whatever it is, this is great news for users in India but I think that with the many troubles they have been facing since January this year, they really should look for an alternative way to accept payment from overseas.
1 comments:
A new fact about Pay Pal :
I applied for a charity account with Pay pal because its free and supported by vbulletin software for payment subscription, I have all the documents like NGO Registration certificate, Memorandum of Society, Society PAN card, and the Bank details , bank details were verified by the Pay Pal by depositing amount of Rs. 2 and 40 paisa, after submitting all the document as per said in their website and in their emails, they denied me for the account, just because they have no tie-up with India regarding charity account, what the hell is this, why the pay pal people should not mention at the time sign up process. I have wasted around 1000/- rs in doing fax to pay pal and after 4-5 days they denied.
Don’t apply for a charity account with pay pal if you are living in India. Just wastage of time and money.
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