Whats happening with paypal ? any updates?

@hatimyal (1516)
India
March 16, 2011 5:39am CST
Hi guys Does anyone knows whats happening with paypal and India stuff. I wanted to as is paypal deducting any money on transfer or money to india bank of amount less than 7k, and i also wanted to know is that what happens after 7 days if we do not transfer our money to the bank account. Anyone help out please
5 responses
• India
17 Mar 11
Everything is taxed. I'm extremmely saddened, living here. Can't withdraw even $5 without giving them a dollar away! That's TEN samosas I could have bought. I wonder why amount over 7k INR isn't taxed..doesn't the same logic apply?
@sunny4691 (546)
• India
16 Mar 11
I have something above one dollar from the last month in my paypal account but they havent done anything to it, means they havent deducted it, and i havent given my bank account details to them so dont know if they will transfer it directly to your bank account if you have given your bank details
• India
16 Mar 11
I have comfortably been withdrawing small amounts (around 2-3k INR) from Paypal in the last month. No hassles as such, just Rs. 50 will be deducted from the amount transferred. Amounts over 7k will be sent in full.
@agrim94 (3805)
• India
16 Mar 11
Hi Hatimyal, Today i transfered the 10 dollars i got from this site to my account and you are right they did deduct the 1 dollar from my account. though it is not much of an account and one dollar is not certainly not big and i know pay pal has to have income to run this virtual bank but i didnt like it. I dont know why indian govt had to hit hard on person with 10 or 100 $ yet close eyes on ppl who have tax arreas or thousands of crores of rupees and yet let them slip away.
• India
16 Mar 11
Well i mate i have also got many questions regarding this , but what i have come to know is that they have just taken this decision for paypal plaza purchasings , you can check the Paypal- Apac India Website for frequent updates regarding this topic only . For now , just do anything the 1march effect has not yet taken place . Paypal has actually turned worse than alertpay now .