Paypal India Issue

Discussion in 'Accounting and Legal Advice' started by samda, Feb 14, 2010.

  1. samda

    samda Member

    I hope you guys are aware of Paypal India issue that is being going on. Letting you guys know that.

    Please read more about this issue on

    News 1
    News 2
    PayPal blog post 1
    PayPal Blog 2

    Pity. We in India not able to withdraw money to local banks unless PayPal sorts this problem out.
     
    samda, Feb 14, 2010
    #1
  2. weblearner

    weblearner New Member

    It is very sad news for me. Thanks for this information.
     
    weblearner, Feb 14, 2010
    #2
  3. talfighel

    talfighel Silver Member

    But the good news from the article is that:

    PayPal can resume operations once it secures registration with RBI.

    So this looks like a temporary thing.

    Tal
     
    talfighel, Feb 14, 2010
    #3
  4. Vishal P. Rao

    Vishal P. Rao Administrator Staff Member

    samueldarwin: Pity. We in India not able to withdraw money to local banks unless PayPal sorts this problem out.
    Oh and I just just thought you cannot receive personal payments from others. I hope this thing gets resolved soon.
     
    Vishal P. Rao, Feb 14, 2010
    #4
  5. samda

    samda Member

    Hi Guys, this issue has been resolved long back. Sorry, I forgot to update in this post - Read it over here

    But definitely PayPal should have not let us through this way. Being a leader in online payments (as they always say [​IMG]) why don't they do a basic research when they do localization!
     
    samda, May 8, 2010
    #5
  6. Vishal P. Rao

    Vishal P. Rao Administrator Staff Member

    Vishal P. Rao, May 9, 2010
    #6

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