Rules in action for indians

I haven't tried to purchase anything with my Paypal balance. Some friends have mentioned that they have no problem using their Paypal balance. See http://www.mylot.com/w/discussions/2512458.aspx That seems a bit strange to me. I am guessing...just guessing here....was your Paypal balance enough to cover your purchase? That could be the reason. Part payment ....I don't know....If some members can use their Paypal balance and you can't, that is strange.

Its not RBI rules but Paypal thats taking advantage of us read this article here http://techie-buzz.com/tech-news/paypal-rbi-guidelines-flouting.html

today I have faced the same problem. my account is having around 3$ and tried to make apurchase of 1$ from ebay.com. but they asked to link credit card. so I was unable to complete the purchase. this is the effect of new rules that paypal has brought to indian accounts.

That was one of the conditions put forth by R.B.I. guidelines which became effective since 1st of April. We shall now have to keep our credit cards handy. We can invest up to $500.00 in foreign exchange but through credit card or bank transfer, I think. This is going to be quiet inconvenient. They should have allowed at least small amount, say up to hundred dollars, through on line processors like paypal. Using credit card on internet is risky affair though it may be safe with paypal. Some representation should have been made to the Govt. to relax some of these stringent conditions.

Hi mkannanm! According to the new paypal rules, we the people of India cannot make payments online using paypal.com. It is a new rule. We can only accept payments through paypal. Also, w cannot keep our money in paypal for more than 7 days. After the period of 7 days, our account balance will be transferred to the Indian government. That means, you have to withdraw the money to your bank account as soon as you receive it. The new rules have made paypal useless to Indians. Isn't it ?