Why paypal is bad for Indians now.
First of all the high international fees we Indians have to pay on every amount received from abroad
The low dollar rate in compared to the rupee in withdrawal (xe.com)
Cant send money through Paypal or buy anything with it and can only withdraw
Automatic withdrawals, so getting charged for every less than Rs 7000 withdrawal a fees of $5. (is this correct?)
Connected with our PAN number so every withdrawal is getting tracked.
Cant receive more than $500 in a day.
Any more?
Only Alternatives - Alertpay , moneybookers
Somebody needs to start an Indian paypal company. I think i will start it. Who wants to venture?