ATTENTION INDIANS LET'S GET TOGETHER AND BOYCOTT THIS RULE OF RBI FOR PAYPAL USERS WHICH WILL BE IMPLEMENTED FROM MARCH 1, SO OUR ONLINE EARNING CHANCE WILL BE OVER




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.



Sincerely,

The PayPal Team



Frequently Asked Questions:


Q: Why will PayPal not allow me to receive more than US$500? 

Starting
1 March, 2011, PayPal customers in India will not be allowed to receive
payments for any export-related goods or services for an amount
exceeding US$500 per transaction. This change is to ensure that we
continue to comply with the RBI Guidelines.


Q: Why will PayPal not allow me to keep money in my PayPal balance? 

Starting 1 March,
2011, PayPal customers in India will not be able to keep money in their
PayPal account balance. Instead, all money received into a PayPal
account must be transferred to a customer's India bank account within 7
days from the receipt of confirmation from the buyer in respect of the
good or services. This change is to ensure that we continue to comply
with the RBI Guidelines.


Q: Will my customers be able to complete their checkout with their PayPal account balance? 

We're glad that
you offer PayPal to your customers. Unfortunately, we will not allow
customers in India to send money from their PayPal account balance
starting 1 March, 2011. This means that your customers will need to link
a credit card to their account in before sending you money with PayPal.
This change is to ensure that we continue to comply with the RBI
Guidelines.


Q: The customers on my website are not able to complete purchase or pay via PayPal. Why?

Starting 1 March,
2011, PayPal customers in India will not be allowed to receive payments
for any export-related goods or services for an amount exceeding US$500
per transaction. If you are listing products greater than US$500 per
transaction then you may need to seek alternative methods of payment.
This change is to ensure that we continue to comply with the RBI
Guidelines.


Q: What is meant by receipt of confirmation from the buyer in respect of goods and services?

As an exporter of
products or services abroad, you need to ensure that your buyer has
received the product or services as per specifications set out on your
website. As an exporter of goods, you may withdraw the balance to your
bank account in India upon reasonable consideration of shipping time and
other clearances such as excise and customs for the destination
country. As an exporter of services, you may withdraw the balance to
your bank account in India upon receipt of payment from your buyer into
your PayPal account.





NEED HELP?
Reach out to our customer support teams by following the steps below:

1. Log in to your PayPal account;

2. Click “Contact Us” at the bottom of the page.

Updated 29 January 2011



Before
february 28th we can buy membership on from our PayPal account,later we cannot.