Mylot users in India are being "Squeezed Out" (booo!) :-(
@LetranKnight25 (33117)
Philippines
January 29, 2011 12:29pm CST
Of their MONEY and the Freedom to what to used of it.
Not to mention they are mostly being forced to withdraw within a week.
As If their Government is loosing a lot of money to debt that they even hooked up to squeezing what's left the Online Earner's (fees). India isn't the kind of country that needs to squeeze up to online earners.
Shouldn't that squeezing thing be happening in the Philippines, of course, they(our govt.) can't do that, or MYLOTTERS in the Philippines might have our Own EDSA version Conference
(Protest).
If this is a way to prevent online Fraudulent criminals, I think it's a bad Idea. since when the entire Indian community had to pay the price for the mistakes of the few. I think there should be a Law Suit filed in this case, In my opinion, i think it's another excuse for corruption
. There has to be an agenda why RBI suddenly put a heck of a pressure on paypal that made them changed their rules in that country.
Yeah, sure the government thinks every one in india is rich that every one is pretending to be poor living in the slums. come on, blood sucking leeches, give them a break!
Just as when you Thought Earning online can save you a LOT....
I have seen a lot of these related post and I can tell they're pissed of.
(Protest).
If this is a way to prevent online Fraudulent criminals, I think it's a bad Idea. since when the entire Indian community had to pay the price for the mistakes of the few. I think there should be a Law Suit filed in this case, In my opinion, i think it's another excuse for corruption. There has to be an agenda why RBI suddenly put a heck of a pressure on paypal that made them changed their rules in that country.
Yeah, sure the government thinks every one in india is rich that every one is pretending to be poor living in the slums. come on, blood sucking leeches, give them a break!
Just as when you Thought Earning online can save you a LOT....
I have seen a lot of these related post and I can tell they're pissed of.4 people like this
14 responses
@LetranKnight25 (33117)
• Philippines
29 Jan 11
Of course, they can still mylot the problem is something deeper. you can check their own discussions. I mean, this is a clear a leeches work in a nationwide scale.
2 people like this
@tigeraunt (6326)
• Philippines
30 Jan 11
hi djbtol,
LK is saying earnings in mylot thru paypal can no longer be used for purchasing and the earner should transfer the same to his bank account within 7 days from receipt. that means you get to pay changes very much often rather than pooling it first in paypal and then withdrawing the same later.
ann
1 person likes this
@Hatley (163772)
• Garden Grove, California
29 Jan 11
hi letran I thought all had been changed for the better and Indians could use PayPal freely now comes all these odd changes that
appear to do anything but help the Indians. I am so sorry for them as
PayPal had seemed to make it easier for Indians and now its all
been changed again. shame on you PayPal.I for one do not blame
Indians for being teed off. I would be too were I an 
Indian.
Indian. 2 people like this
@LetranKnight25 (33117)
• Philippines
29 Jan 11
I haven't really been reading a lot but am sure indian users would fill us some info here. but I don't really blame paypal since I've read from a friends response that government and a bank reserved made this move and force paypal to make the changes. sad though, squeezing part is extremely terrible.
1 person likes this
@LetranKnight25 (33117)
• Philippines
29 Jan 11
That's why they call it "reserved" for the people and not for their pockets (politicians)
2 people like this
@julyteen (13252)
• Davao, Philippines
29 Jan 11
I think we can't blame PayPal to change their rules with regards to different countries because it's for the sake of all people who used their service. If it can affect to many users better to stop than to sacrifice. India is only one country compared to the more countries who used PayPal. It's very difficult without Paypal. I am here in Saudi Arabia and most of Middle East countries are not supported by Paypal so we don't have another choice except to accept it.
1 person likes this
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello Julyteen
,
Well, one of them mentioned that they didn't want to be classified as a bank so instead this thing happened. I don't know if it's something good or bad, after all, paypal is just a merchant and never that close to online earning. I see, that means you must be saving a lot of earnings there, am sure if you go back to the Philippines, you have one heck of a savings.
,
Well, one of them mentioned that they didn't want to be classified as a bank so instead this thing happened. I don't know if it's something good or bad, after all, paypal is just a merchant and never that close to online earning. I see, that means you must be saving a lot of earnings there, am sure if you go back to the Philippines, you have one heck of a savings.1 person likes this
@allen0187 (59761)
• Philippines
30 Jan 11
what the fudge is going on here???
wow! i did soem back reading and read a couple of the discussions started about this subject and my jaw just literally dropped to the floor! the indian government is doing that?! what for?
the reasons they cited did not make much sense at all!
canthe indian users find a work around for this one? or is there anyone who can find a resolution for this? i'm sure that our indian brothers and sisters as well as all the indians who are earning online would like to hear and see a way out of this mess caused by their government.
$ucks big time!
1 person likes this
@allen0187 (59761)
• Philippines
1 Feb 11
i'm good lk. thanks for asking. how are you? seems you didn't leave mylot at all? been busy at work so i wasn't as active as i want to be.
anyway, this is really bad for indian paypal users. not sure if they can have a work-around for this one but hopefully if there is one, they can use it effectively. agree that this is between rbi and paypal. paypal only acting on the changes in policy by rbi. maybe indian users should go talk to rbi so rbi will change their policies and paypal will change their policies back to the previous one. just a thought.
keep in touch lk. i'll be looking for your discussions to reply to.
cheers mate!
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello Allen,
How are you? Indeed it's been a long time since this has happened though
. Well, you can check some users discussions about related topics on this and you can see how angry and sad they are for this. i think this is internal matter and some thing that some of the Legal department can handle this thing.
. Well, you can check some users discussions about related topics on this and you can see how angry and sad they are for this. i think this is internal matter and some thing that some of the Legal department can handle this thing. 
@Cutie18f (9546)
• Philippines
30 Jan 11
What? But I thought India is slowly moving towards becoming one of the most powerful countries in the world along with China? What is this "squeezing out" thing? It seems like it does not speak well of its government. I hope there will be some solutions to this one. What is happening to the government of India?
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello Cutie, this is something that i don't have any kind of solution to it. but it really alarmed me knowing that it should encourage people to earn online if they can't have find means to earn off line. i think the micro financing is good but is every one paying for their debts?
, this is something that i don't have any kind of solution to it. but it really alarmed me knowing that it should encourage people to earn online if they can't have find means to earn off line. i think the micro financing is good but is every one paying for their debts?
@thanks1961 (7033)
• India
30 Jan 11
Hi dear,
There are so much of issues concerned to it. Means, benefits as well as drawbacks. Instantly it looks that the decision is as per RBI rules. The reasons can be many. Mainly, misuse of fund transfers from other countries. It is not just like a $50 or $100, which earned from myLot like discussions or minor payments received from such sites. We are just aware of such things only. But in the name of fund transfer, there may be major higher volume of funds transferred in this way, where purchase and sales of goods and materials re involved. People may be trying to evade taxes or any transaction charges, which is supposed to meant for government also is getting evaded.
It is not mentioned whether it is good for whom or what all are the advantages to it. Paypal only is going to benefit from it. Once the period is restricted to 7 days, the users are forced to make the transfer within the limited time. For every transaction paypal is getting transaction charges and due to the speedy transfer they are benefited.
Though it is the instruction by the RBI, no one knows how and why such rules are implemented and who is benefiting, and they are the pressured hands behind it. As per the mail, the para below says that things are to be done within 7 days of period.
"Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services."
Paypal is benefited, no doubt on it. But why RBI instructed such rules to be analysed. It is true that because of a few people's mistake, the entire humanity has to suffer. This is a principle and law of nature. All the benefits that we enjoy are restricted once some fraud happening behind it. However, it is sad to accept, but has to follow. Let's see what is the next step they are coming with.
Thank-s
1 person likes this
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello thanks,
So that means,if you have gotten ten dollars or more from mylot, you have to withdraw it right? what about other sites that earns you less than ten dollars.that means, the earnings that you received from mylot and other sites must be sent to you via paypal simultaneously.first step is already bad, most specially if there's no concrete explanation is concerned.
,
So that means,if you have gotten ten dollars or more from mylot, you have to withdraw it right? what about other sites that earns you less than ten dollars.that means, the earnings that you received from mylot and other sites must be sent to you via paypal simultaneously.first step is already bad, most specially if there's no concrete explanation is concerned.
@akangirl (2435)
• India
30 Jan 11
I am also pissed off first there is a rule you can't make a cashout to your bank if you have less than 10$ in your account but that was understandable but cashout within 7 days.Why the hell is RBI interfering in online earnings of indians. Already we have so much unemployment in country, earning online is difficult for indians and now one more difficulty.
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello Akangirl,
That's very dangerous indeed and i find it very unfair. the purpose of the bank was supposed to protect the people's interest online. I don't know the real deal and situation, because it can be deeper than I am saying now in this discussion. but i just want to say that i felt sad about this, most specially with people like you who are supposed to have fun and earn at the same time.
@tigeraunt (6326)
• Philippines
30 Jan 11
hi LK,
seems everyone is pissed off with this new rule, even non-indians.
the government is making it hard on the people. yes i think you said the right word.. they suck the little guys real hard this time. maliit na negosyo pinag-iinitan pa!
gosh! what is happening to the world!!
ann
the government is making it hard on the people. yes i think you said the right word.. they suck the little guys real hard this time. maliit na negosyo pinag-iinitan pa!
gosh! what is happening to the world!!
ann1 person likes this
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello tigerAunt
maliit na negosyo pinag-iinitan pa!(they take interest in even slightest small earnings). I think if they ran on democracy it wouldn't be this worse. but i could say otherwise since i got union bank that doesn't have high rates of exchange online from Dollar to Peso unlike other banks outhere. most specially Banko de Oro.
maliit na negosyo pinag-iinitan pa!(they take interest in even slightest small earnings). I think if they ran on democracy it wouldn't be this worse. but i could say otherwise since i got union bank that doesn't have high rates of exchange online from Dollar to Peso unlike other banks outhere. most specially Banko de Oro.
@jaiho2009 (39140)
• Philippines
30 Jan 11
hello LK,
One reason why i am proud of being a Filipino is out freedom.
I agree with you,there would be a new set of strikers on the streets (paypal /mylot)
Whatever...the government dare not to do such thing here in our country i bet we will be having a grand mylot reunion
have a great Sunday dear
have a great Sunday dear@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello Sis Jaiho,
Yes, this is something that is unfair and there's no doubt were not gonna let it get away. but we got bigger problems than this one from india, every prices goes up even the toll way and gas prices increasing goods and services squeezing every peny of savings coming from hardworking filipinos. it's so unfair still
1 person likes this
@frontvisions101 (16043)
• Philippines
30 Jan 11
Encountered one discussion about this earlier. He's pretty pissed off, alright. India's government may be pulling off the best screw up in the history of government's dumb moves category. You can't see what else they have in mind rather than corruption.
1 person likes this
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello Front-Vision,
Well, there's a lot that got pissed of lately because of this. I feel sad for them as they are secondly large in this community. I guess Our Government is a lot smarter than this but for sure this is something that can never be proud of. I know, the temptation of power is strong that's why it depends on the person that is needed to vote properly for the right candidate.
,
Well, there's a lot that got pissed of lately because of this. I feel sad for them as they are secondly large in this community. I guess Our Government is a lot smarter than this but for sure this is something that can never be proud of. I know, the temptation of power is strong that's why it depends on the person that is needed to vote properly for the right candidate.
@thesids (22180)
• Bhubaneswar, India
29 Jan 11
Hi LetranKnight,
I could not help this right now... sorry. But that was on some thoughts that I cannot mention in words...
On my post on the Paypal thing today, I just posted what the rumors are building up and guess what - if I go by the local rumors, our government thinks all its citizens are terrorists or their supporters. The RBI turns a puppet to their play now...
But still I am positive and am awaiting the paypal people to reply to my set of doubts and concerns... I believe they would have thousands of such queries today. Poor guys their weekend is going to be busy
I could not help this right now... sorry. But that was on some thoughts that I cannot mention in words...
On my post on the Paypal thing today, I just posted what the rumors are building up and guess what - if I go by the local rumors, our government thinks all its citizens are terrorists or their supporters. The RBI turns a puppet to their play now...
But still I am positive and am awaiting the paypal people to reply to my set of doubts and concerns... I believe they would have thousands of such queries today. Poor guys their weekend is going to be busy1 person likes this
@LetranKnight25 (33117)
• Philippines
29 Jan 11
Hello thesids,
It doesn't need to be a financial expert to know some signs of control coming from the government since we have that kind of experience in the Philippines.. If RBI turns out to be a puppet then there's a rusted form of government corruption that is happening already.
Morons in the government thinking that earning online is like going on buying a sale!that they can prey on with unreasonable VAT1 person likes this
@hardworkinggurl (37062)
• United States
29 Jan 11
Sorry to be so oblivious of what is going on, I am without internet and have not been able to see other discussions as well to be up to speed as to what is going on with India and their payment issues.
My hopes and prayers out to all Indian members as they too deserve to have their hard earned earnings. I see from several responses that they are being charged high fees, virtually impossible for them to earn on small minimums with other sites this being the case.
I do hope that the politicains and law members make changes for the better for the Indian people as why make it harder for them to earn a living, is beside me.
1 person likes this
@LetranKnight25 (33117)
• Philippines
30 Jan 11
Hello Hardworkinggurl,
Wow, i hope you get your internet back soon, it must be frustrating and i know i have experience this twice.i do hope it would inspire them to be more active in mylot in a fun to mylotters who think of this instead as a online money earning. There's not much to say since it's politics perse.
Wow, i hope you get your internet back soon, it must be frustrating and i know i have experience this twice.i do hope it would inspire them to be more active in mylot in a fun to mylotters who think of this instead as a online money earning. There's not much to say since it's politics perse.1 person likes this
@FX777222999 (437)
• Philippines
30 Jan 11
What is the status of PayPal in our government (Philippines)? Are online workers with PayPal will pay taxes in our government? How's the status of PayPal & other foreign institutions with regards to online jobs? Is there any decree about this? Just asking to be sure.
1 person likes this
