Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 23

Thread: Paypal's New Terms for Indians.

  1. #11
    TopDogger's Avatar
    TopDogger is offline Über Hund
    Join Date
    Jan 2009
    Location
    Hellfire, AZ
    Posts
    3,107
    Thanks
    350
    Thanked 919 Times in 703 Posts
    That article changes the perspective on this issue.

    But it did not address the issue of why PayPal will not allow an account to be used for payments for goods and services. That's a major issue for anyone in India who uses PayPal to pay for contracting services, domains, web sites, etc.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  2. #12
    stevejobs is offline Unknown Net Builder
    Join Date
    Jan 2011
    Posts
    3
    Thanks
    0
    Thanked 0 Times in 0 Posts
    I hope the equation is simple.

    1. Receive payment then transfer it to your bank account [within 7 days]

    2. Send payment using Credit card.

    The only issues is, even if you earn $1 it should be transfered to your bank account with in 7 days. So obviously paypal will deduct Rs50/- as your transfered amount is less than Rs7000/-

    You can not wait for your PayPal balance to reach optimal amount to transfer to your bank.

  3. #13
    Digital's Avatar
    Digital is offline Unites States of America
    Join Date
    May 2009
    Location
    Mars
    Posts
    456
    Blog Entries
    2
    Thanks
    54
    Thanked 71 Times in 59 Posts
    ^^^ You can't withdraw $1. You need atleast $10 to withdraw dude.

  4. #14
    rome9t9's Avatar
    rome9t9 is offline No Longer Loves SEO
    Join Date
    Mar 2009
    Location
    If I tell you, I would have to kill you.
    Posts
    614
    Blog Entries
    4
    Thanks
    168
    Thanked 105 Times in 77 Posts
    I would like to know how the banking authorities in US, UK, AU and EU treat paypal.

    After reading that article, I do feel that PayPal should be treated as a bank. And I do take back my statement that I made earlier about the Indian banking system.

    But the ones who are suffering are small business owner and freelancers. The banks must make it easy for them to carry out their transactions in a easy way. I wish nationalized banks like SBI provided VCCs.

  5. #15
    Andy101's Avatar
    Andy101 is offline Code Otaku
    Join Date
    Aug 2009
    Location
    Kanazawa
    Posts
    1,314
    Thanks
    178
    Thanked 309 Times in 236 Posts
    I would like to know how the banking authorities in US, UK, AU and EU treat paypal.
    In the UK, PayPal works just fine, I love it.

    But in Japan it is useless for business. I was hoping to get direct payments to a Japanese bank for PayPal to avoid the hassle of international bank transfers involving fees and telephone conversations, but Japan is only just getting used credit cards and is mostly a cash-based society, so it will be another decade I guess before PayPal is useful here.
    Otaku CMS - Import a WordPress blog and manage your site using single-page App technology
    Angular Skills - new site about Front-end App. programming

  6. #16
    Will.Spencer's Avatar
    Will.Spencer is offline Retired
    Join Date
    Dec 2008
    Posts
    5,033
    Blog Entries
    1
    Thanks
    1,010
    Thanked 2,329 Times in 1,259 Posts
    Quote Originally Posted by . . View Post
    More on Paypal India vs RBI drama here Why Is PayPal Screwing Indians? An ex-RBI Employee Tells Me The Facts & Few alternatives to Paypal for Indians Paypal Alternatives in India

    I'd not blame RBI for the mess, it's more on Paypal!
    I still blame the RBI. It seems clear that they are creating rules to protect Indian banks from competition from PayPal. They want to force PayPal to operate like an Indian bank -- which it cannot do without radically increasing fees. So, PayPal has two choices -- it can reduce services as required by the RBI or it can increase fees enough to cover the RBI regulations -- which will effectively kill it.

    Perhaps the RBI should try to force Indian banks to do PayPal's job, instead of the other way around.

    Or, perhaps the Indian people should get rid of the RBI before it destroys the Indian international small business sector of the economy.

    Indians should be free to use PayPal, or not to use PayPal. The government has now defined PayPal's services so small that it is almost useless to Indians. Effectively, the government has driven PayPal out of the Indian market and reduced the choices available to millions of small business people.

    This is not terribly different than the Colorado state government implementing reporting rules on Amazon which were so onerous that Amazon was forced to terminate all of their affiliates in Colorado. As my business was based in Colorado, Amazon was forced to fire me due to the governments avarice. I do not blame Amazon for this and I do not blame PayPal for their reduced service levels in India.
    Submit Your Webmaster Related Sites to the NB Directory
    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.

  7. Thanked by:

    bogart (4 February, 2011), Naweed (4 February, 2011)

  8. #17
    bogart's Avatar
    bogart is offline Super Moderator
    Join Date
    May 2009
    Location
    New York
    Posts
    3,772
    Thanks
    1,886
    Thanked 776 Times in 609 Posts
    Remit2India.com seems that a good alternative for providers that have bigger jobs.

    The new rule that funds need to be transfered to your bank account with in 7 days will make it extremely difficult for part-time free lancers doing small 'dollar' jobs.

  9. #18
    rome9t9's Avatar
    rome9t9 is offline No Longer Loves SEO
    Join Date
    Mar 2009
    Location
    If I tell you, I would have to kill you.
    Posts
    614
    Blog Entries
    4
    Thanks
    168
    Thanked 105 Times in 77 Posts
    May be the time for Paypal in India is nearing an end. Paypal won't budge because if it does, then other countries may ask for the same and neither won't RBI because it has to follow rules which were made long before Paypal came to India.

    However, the nationalized banks in India must make it easy for the growth of small business owners and freelancers. Atleast they should provide VCCs because except 2-3 private banks, no other government bank provides this facility. VCCs are the only solution to buy stuffs on the internet when you are not eligible to own a credit card.

  10. #19
    bogart's Avatar
    bogart is offline Super Moderator
    Join Date
    May 2009
    Location
    New York
    Posts
    3,772
    Thanks
    1,886
    Thanked 776 Times in 609 Posts
    Quote Originally Posted by rome9t9 View Post
    May be the time for Paypal in India is nearing an end. Paypal won't budge because if it does, then other countries may ask for the same and neither won't RBI because it has to follow rules which were made long before Paypal came to India.

    However, the nationalized banks in India must make it easy for the growth of small business owners and freelancers. Atleast they should provide VCCs because except 2-3 private banks, no other government bank provides this facility. VCCs are the only solution to buy stuffs on the internet when you are not eligible to own a credit card.
    Perhaps they can work out a middle ground.

  11. #20
    Will.Spencer's Avatar
    Will.Spencer is offline Retired
    Join Date
    Dec 2008
    Posts
    5,033
    Blog Entries
    1
    Thanks
    1,010
    Thanked 2,329 Times in 1,259 Posts
    Quote Originally Posted by bogart View Post
    Perhaps they can work out a middle ground.
    There's not much motivation for them to do so, because these regulations have no impact on government employees. Those folks aren't using PayPal to earn money and feed their families, so they don't see why any of this is important.
    Submit Your Webmaster Related Sites to the NB Directory
    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.

  12. Thanked by:

    bogart (10 February, 2011)

Page 2 of 3 FirstFirst 123 LastLast

Similar Threads

  1. The ULTIMATE Guide For Blogging Terms
    By Farrhad A in forum Blogging
    Replies: 15
    Last Post: 1 February, 2012, 04:54 AM
  2. Terms of Service for Web Proxy
    By prast in forum Web Proxies
    Replies: 4
    Last Post: 5 December, 2009, 05:50 AM
  3. Replies: 5
    Last Post: 22 November, 2009, 06:53 AM
  4. Suggestions - Terms of Use template?
    By bogart in forum Building
    Replies: 3
    Last Post: 22 November, 2009, 04:20 AM
  5. Tutorial : Hosting/Reseller Terms
    By KDisk in forum Web Hosting
    Replies: 5
    Last Post: 22 July, 2009, 01:34 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •