Top 2 mobiles phones in May 2016

Top 2 selling mobile phones in India during the month of May 2016

1) LeEco Le 1S

leeco

Gold colored LeEco Le 1S is Number 1 selling mobile phone in the month of May 2016. LeEco Le 1S is equipped with 32 GB storage, 2.2 GHz processor with 3 GB RAM. It also contains the premium feature i.e. Fingerprint Scanner. Comes with 13 MP back camera and 5 MP front camera to take amazing selfies. LeEco Le 1S is loaded with Android Lollipop (v5). A brilliant 5.5 inch full HD display for visual treat.

Buy Now for INR 10,999 at Flipkart

 

 

 

Paypal and RBI Restricts Indian PayPal Users

Another blow to Indian online merchants who uses paypal for their small business and for thousands of freelancers. Due to restrictions from the Reserve Bank of India, PayPal has amended its user agreement for Indian merchants, imposing a number of restrictions on merchants using PayPal as an online payments mechanism.

See the paypal mail below:

Dear XXXX

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:
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
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