Are indians able to make payments through paypal?
By subhakars
@subhakars (932)
India
June 22, 2011 12:21pm CST
Hi,
I would like to know if Indians are able to make online purchases through paypal. I want to host my website and want to know if paypal is still working. I am not using paypal for a while now.
Are there any good webhosting companies which have alertpay?
4 responses
@KasperNymand (60)
• Denmark
22 Jun 11
I'm quite sure, that PayPal works in India too!
PayPal also have an Indian-"part" of their website.
PayPal India: http://www.paypal.com/in
Here are some facts, prices, information, etc. in India: https://www.paypal.com/in/cgi-bin/webscr?cmd=_display-fees-outside
@subhakars (932)
• India
22 Jun 11
Paypal is available for India. However, from march 2011 Indians are only allowed to receive money but not purchase anything online.
@hanuma34 (819)
• India
22 Jun 11
That is true subhakars. Indians are not allowed to either transfer the money from their paypal account anywhere except to their Indian bank account, nor they are allowed to keep the funds in their PP account for more than 7 days. This is due to draconian intervention by RBI.
@pankajgarg (797)
• India
22 Jun 11
I must say that the RBI guidelines are proving very harsh to the free lancers and webhosting services. According to the Paypal latest guidelines which are in effect from 1st march 2011 a person cannot keep money in his or her paypal account for more than 7 days and purchase of goods and services using the paypal balance is also restricted.
For further details you can look at
https://www.paypal-apac.com/india/
@hanuma34 (819)
• India
22 Jun 11
Yes, pankaj. RBI brought up those guidelines ostensibly to restrain unwanted elements to use the PP channel to transfer funds illegally. Unfortunately, all of us freelance workers, webhosting providers etc., came under this blanket of restrictions. Let us hope RBI will wake up to the needs of small time earners like us and relax the rigid rules.
@pankajgarg (797)
• India
23 Jun 11
Well a maximum limit has to be made which can be kept in the paypal account otherwise you have to withdraw your money in a bank. This can be a legitimate solution but we cannot keep money in our paypal, as if the government is afraid of foreign money coming in our country.
@ravisivan (14079)
• India
22 Jun 11
As per recent guidelines from RBI we Indians can have paypal account. get credits into it. But we are expected to withdraw within 7 days into our bank account. We are not allowed to use the balance in paypal account for making purchases.
