virtualc08
Supreme Member
- Mar 23, 2010
- 1,380
- 959
I wonder how this will work . Like will paypal automatically send money to our bank account or we manually have to withdraw it .Either ways it sucks !
"PP" Screw You India
- Thread starter seosutra
- Start date
well they say if anyone from india wants to purchase something from our website, they must have their CC linked to their accounts.... Paypal is following the Indian regulations like anything but still does not provide the Indian Currency for transaction?? how lame is that... if i have indian customers and they pay using their CC, il receive the amount in Dollars and when i will withdraw to bank wont the Currency Fluctuations effect the amount received??
$1 varies from 44-45.smthing INR ... RBI SUX!!
$1 varies from 44-45.smthing INR ... RBI SUX!!
vampirerocks123
Regular Member
- Mar 24, 2010
- 268
- 205
I dont know what these senior level shits think.. I will never vote again for congress..
thesmashge
Power Member
- Jan 14, 2009
- 550
- 536
- Jan 22, 2011
- 5,317
- 648
I cant believe how these companies operate. Their fraud detection services suck and they blame entire countries. Brilliant!
And people who never have disputes or problems get to keep looking for ways to pay or get paid.
And people who never have disputes or problems get to keep looking for ways to pay or get paid.
ExtraWinner
Elite Member
- Jun 18, 2010
- 2,336
- 3,478
Tunisia -> Egypt -> India?
I see government change anytime soon
Fuck them. Don't get them to oppress you!
I am not surprised that China - country that was 6-7 years on same level as India is now 3x bigger economy. And thats with communism!
Make your company's grow and when time is right simply move to Singapore or similar business friendly place. Don't pay taxes that will sponsor this greedy idiots! Register your business somewhere else, open business account and accept money there! Plus tax free
I see government change anytime soon
Fuck them. Don't get them to oppress you!
I am not surprised that China - country that was 6-7 years on same level as India is now 3x bigger economy. And thats with communism!
Make your company's grow and when time is right simply move to Singapore or similar business friendly place. Don't pay taxes that will sponsor this greedy idiots! Register your business somewhere else, open business account and accept money there! Plus tax free
haridada
Senior Member
- Oct 9, 2008
- 1,000
- 385
Tunisia -> Egypt -> India?
I see government change anytime soon
Fuck them. Don't get them to oppress you!
I am not surprised that China - country that was 6-7 years on same level as India is now 3x bigger economy. And thats with communism!
Make your company's grow and when time is right simply move to Singapore or similar business friendly place. Don't pay taxes that will sponsor this greedy idiots! Register your business somewhere else, open business account and accept money there! Plus tax free
Yes, this is one thing people should do. But until then we probably have to be affected. It sucks.
ronnie1984
Regular Member
- Jan 4, 2009
- 367
- 68
Also they will charge you if you withdraw less than 7000 INR ! what a mess they have created
haridada
Senior Member
- Oct 9, 2008
- 1,000
- 385
Yes you're charged 50 INR if you withdraw less than 7000 INR. :duh:
Writer4Hire
Junior Member
- Jun 7, 2009
- 171
- 100
this fucking sucks...big time.
vishalgmistry
Regular Member
- Sep 25, 2008
- 338
- 532
we should all gather and boycott paypal
and spread the same words not to use paypal.
alertpay works the same way.
and spread the same words not to use paypal.
alertpay works the same way.
haridada
Senior Member
- Oct 9, 2008
- 1,000
- 385
what do you mean by alertpay works the same way? Do you mean to say alertpay is just like paypal
nirmar
Regular Member
- Jul 23, 2009
- 285
- 113
What is the problem?
For services , WE can ask our client to pay us in installments.
For products, WE can break it into 2 small parts. (There is rare case for Indians who have products > 500$, for seo products we can break it into multiple parts or get direct payment in installements).
They have restricts $500 / Transaction, Not to / Paypal Account.
I always thought If I withdraw my money before 14 days of my last transction , they may be limit my paypal account.
Why so ?
Paypals 30% earnings is from Transaction Fees, and 70% of their earnings came through """Interest of our Money"""".
If We withdraw before 14 days , how they can earn so in results they may limits our paypal accounts. Most of the Indians have paypal limitations because of this situation, but they don't know about it.
But now they have told us that YOU MUST WITHDRAW YOUR MONEY IN 7 DAYS OF YOUR TRANSACTION. so I think this is problem for Paypal not for Indians.
All Iz Well.
Soltution :
For services , WE can ask our client to pay us in installments.
For products, WE can break it into 2 small parts. (There is rare case for Indians who have products > 500$, for seo products we can break it into multiple parts or get direct payment in installements).
They have restricts $500 / Transaction, Not to / Paypal Account.
I am really happy with this action.
I always thought If I withdraw my money before 14 days of my last transction , they may be limit my paypal account.
Why so ?
Paypals 30% earnings is from Transaction Fees, and 70% of their earnings came through """Interest of our Money"""".
If We withdraw before 14 days , how they can earn so in results they may limits our paypal accounts. Most of the Indians have paypal limitations because of this situation, but they don't know about it.
But now they have told us that YOU MUST WITHDRAW YOUR MONEY IN 7 DAYS OF YOUR TRANSACTION. so I think this is problem for Paypal not for Indians.
All Iz Well.
Interest rate is a good reason..
But the limit of $500 is a wrong number.
it is 50,000 INR which is monitored for cash flow.
U live in India ? U know how many problems RBI has except to solve this Petty Paypal issues.
RBI does a few fair job ,but it wastes in energy rather saving to fight against swiss bank menace.
But the limit of $500 is a wrong number.
it is 50,000 INR which is monitored for cash flow.
U live in India ? U know how many problems RBI has except to solve this Petty Paypal issues.
RBI does a few fair job ,but it wastes in energy rather saving to fight against swiss bank menace.
haridada
Senior Member
- Oct 9, 2008
- 1,000
- 385
Let me tell you one thing. What they cant do with the swiss bank and billionaires, they're doing it to us.
They cant do anything to the corrupt politicians. So, obviously, we are the ones left.
Easy as it is.
mtravel13
Registered Member
- Sep 2, 2009
- 81
- 17
the way i see it , its really incovienient for us but RBI must have implemented it because there is a potential to misuse paypal service , i could think of this :
1. anyone can create a fake paypal account with fake PAN number
2. receive huge sum of cash in that account by whatever black or white business he is in
3.use this money to buy some real estate or some other overseas property
this way one can transfer huge sum of money without gov having a clue about it ..think about it , no gov would want to be in such situation .
and regarding the $500 limit , its 1/3 in us around 10k so for india it should be around 300$ so its not that bad either .
i am not trying to say that its really nice move but i guess its the time to understand the pattern and find better alternative instead of whining over it coz sooner or later this policy is going to reflect in every similar service...
1. anyone can create a fake paypal account with fake PAN number
2. receive huge sum of cash in that account by whatever black or white business he is in
3.use this money to buy some real estate or some other overseas property
this way one can transfer huge sum of money without gov having a clue about it ..think about it , no gov would want to be in such situation .
and regarding the $500 limit , its 1/3 in us around 10k so for india it should be around 300$ so its not that bad either .
i am not trying to say that its really nice move but i guess its the time to understand the pattern and find better alternative instead of whining over it coz sooner or later this policy is going to reflect in every similar service...