This what i am hearing? Paypal will block indian users?

India
February 26, 2011 4:48am CST
Yesturday i heard from my friend that from 1 march we cannot use paypal? I thought this might be wrong because i haven't got any mail from them to my mail as well as paypal mailbox. So i neglected it. But today too i heard it from my another friend about this? How far is this true. I use paypal only to draw moneys which i earn from ptc sites. I am indian citizen. So in future can i use paypal to draw moneys? Why i didn't get any mail about this?
5 responses
@sajeevking (5080)
• Mumbai, India
26 Feb 11
They haven't block us from using paypal but yeah they have change certain rules which are force on them by our RBI anyways we can still use them but the only bad thing is that we have to transfer the money to our bank within 7 days
• India
26 Feb 11
Means from first march onwards we will never draw moneys from paypal right? You got mail from paypal informing so?
• Mumbai, India
26 Feb 11
we can draw money from paypal Yogesh
• India
26 Feb 11
Hi sajeevking, if I want to invest the amount online, would I allowed to do so or under all circumstances, I need to transfer the money to my bank within 7 days?
@anil02 (3345)
• India
1 Mar 11
Today I know about changes in paypal rules from my friend. I read that we should get transfer the paypal account balnce to our bank account with 7 days after getting it in paypal account. how it is possible. I have 8.5 $ in paypal account, but minimum payout is 10$. I am also using Alerpay It may be possible RBI impose this condition on Alertpay tranactions. It is problem for us who are earned on line small amount
• India
1 Mar 11
I also doesnot know about it. But you can send message to life8118 who has commented on this discussion. I think he works for paypal he knows better
@anil02 (3345)
• India
2 Mar 11
Thanks yogesh I will check my paypal account and I will also write to paypal adm about it,
@Rakshas (223)
• India
26 Feb 11
Its not that we will be blocked but will have limitation of just 7 days to withdraw whatever amount we have and for all transactions they will charge $1 or INR 50.And if we donot ask for payment in 7days they will automatically transfer money to our account and charge the same..Sad but true.We will face many limitations
• India
26 Feb 11
Means only for seven days? After 7 days everything will be right back as it was? If this is true then i have on problem! You mean from 1 st to 7 th march?
• Mumbai, India
26 Feb 11
Its not like that it means that you can't keep money in paypal from 1 march onwards if you have any money in your paypal you have to transfer it to your abnk within seven days
26 Feb 11
from what i have come to understand from this conversation and other similar conversations, from the first of march any money deposited into your paypal account will be transferred to your bank account after 7 days with a transfer charge of $1/INR50. you should still be able to receive money into your account from any sites you are using online but from the time said money arrives in your account you will have 7 days to transfer it to your bank. I don't know whether you will still be able to use paypal to purchase items from internet stores but these new rules should not drastically affect your online earnings. Birdie -
@Gargi2010 (639)
• India
26 Feb 11
Hi Friend I still not received any mail from paypal so i can not tell about this Regards