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: […]
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Paypal India Electronic Withdrawal Blocked Again

Yes!! Paypal and RBI did it again. Today i received (all Indian paypal users) received a mail which says the are blocking Electronic Withdrawal facility for Indian paypal users until further notice. In accordance with regulatory instructions, we would like to notify you about a change in our withdrawal functionality in India starting on August […]
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PayPal’s India Transaction Blocked for Months

Online payments service PayPal says its suspension of certain transactions in India could last months. In a post on PayPal’s blog, spokesman Anuj Nayar wrote that the company will keep blocking personal payments to and from India as it works out questions that Indian regulators have posed. The payments were initially suspended Jan. 28, after […]
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