Bad news for paypal account holder in India

https://www.paypal-apac.com/india/

1. You can't accept more than 500$ per transaction
2. There would be no paypal balance (towards payment).Payment received needs to go to your bank account within 7 days.
3.You can't pay from your paypal balance.

Do domainers based in India know any other alternative?Your thoughts?
 
Last edited by a moderator:

itajooba

New Member
I noticed paypal block payment of indian customer who wanted to pay to indian company through there credit card.

Does anyone else noticed it ?
 

domainpundit

Active Member
Country flag
this is there from last few months... Being Indian you cant pay to Indian company using the Paypal.

Government is not ready for paypal model kind of ecommerce. Serious issue are ensuring the collection of proper tax when payment is done through paypal and also internal security threats...

This is not good for the guys in domaining, also I dont think they will give more flexibility in near time when the whole nation is debating about BLACK money... Domainers has to find out alternatives or using escrow services or sedo ..etc while receiving money and while paying you have to pay from your bank account ....

cheers
 

the_poet

Well-Known Member
Country flag
I've understood Indians can no longer receive money via Paypal, but can they use it to buy something?
 
As per new term:

1. Indian Paypal account holder can receive money from anywhere in the world (except India) but single transaction cannot exceed USD 500.

2. If merchant has Indian Paypal account then he is not allowed to receive payment from Indian paypal account /credit card holder.

3. Indian Paypal holder cannot make any payment to anybody from the particular Paypal account, Withdrawal of fund only be through transferred to Indian Bank account of the merchant.
 

the_poet

Well-Known Member
Country flag
As per new term:

1. Indian Paypal account holder can receive money from anywhere in the world (except India) but single transaction cannot exceed USD 500.

2. If merchant has Indian Paypal account then he is not allowed to receive payment from Indian paypal account /credit card holder.

3. Indian Paypal holder cannot make any payment to anybody from the particular Paypal account, Withdrawal of fund only be through transferred to Indian Bank account of the merchant.

Sorry, I particularly need to understand if an Indian can or can't buy something and pay via Paypal. Some say it's not possible while other say it is but you can't use your Paypal account funds to pay.
 
In any case you cannot pay from your Indian Paypal account balance to anybody, all fund accumulated in Indian paypal account will be transfer to Indian bank account only.

Any Indian citizen by using his credit card can pay to any Paypal merchant (located outside India) .
 
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