There some news:
The Associated Press: PayPal's India transaction block could last months
Personal payments will be suspended for *months*, but it seems the bank withdrawals will be OK in a few days.
The article talks about new regulations in India.
I wonder what is going to be imposed on us.
m42 (12 February, 2010)
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I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.
It was very disturbing for hundreds of webmasters and freelancers. But things are okay now. Many other paypal alternative tried to grab the Indian market. Alertpay issued a newsletter just 3 days back allowing easy transactions to and from India (it never did before)
I had to set up a complete product cart at 2CO to kick off paypal issue within 24 hours when this paypal issue hit the market and business. It's alright now and working perfectly.
About withdrawal, you can use xoom.com. Get all your money deposited to your bank accounts in India within 24 hours at little higher fee. (it makes no difference though. You get your money ultra quick and with little fee. Paypal gives lesser exchange rate, xoom charges.. same thing). You can withdraw as much as $6000 per month.
Get going easy. If payment modes are smart and sickass, people are smarter and kickass
bogart (12 February, 2010)