Calling Indians: What do you think about paypal??

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Dear xxxxxxxxxx,
As part of our commitment to provide a high level of customer service, we would like to give you a 30-day advance notice on changes to our user agreement for India.
With effect from 1 March 2011, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways ("RBI Guidelines").
In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows:
1. 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; and

2. Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.
We seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.
We regret any inconvenience caused to you and hope the advance notice will enable you to plan your future use of our services accordingly. For further information, click here.
If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page. We sincerely thank you for your patience and continued support.

Sincerely,
The PayPal Team

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Got this mail from Paypal 9 days ago..:cry::angry:
What do you guys think about these new rules??

I am yet to discover the point RBI made by making such policies..............

just... fucked... up...
Any similar service to PayPal for Indians to use?

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Originally Posted by mjmacky

just... fucked... up...
Any similar service to PayPal for Indians to use?

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Heard that Alertpay is good. I have a unvarified account there.. Unvarified cause, I don't believe them..
For me, this news is worst, cause, this means I can't use paypal any more for online transitions.. And this fact means: I'm out of usenet services.. :cry: Totally fucked up, and can't think anything about it.. :(

Best possible solution : Have a friend purchase stuff for you online.

So how do they know you're operating from India anyway, linking to an Indian-origin bank account? Why not create an unverified account, use CC for PayPal fund replenishing.

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Originally Posted by mjmacky

So how do they know you're operating from India anyway, linking to an Indian-origin bank account? Why not create an unverified account, use CC for PayPal fund replenishing.

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One have to varify his/her account in PP using any credit-card or back account of any country.

Yeah I forget how it works, I've had my PP account for... I don't know, whenever it came out... just long ago

only one word "WTH"
There were certain instances where Indian Credit cards were rejected , specially the master cards. And now this....
boooo