Thread: PayPal= restricted by RBI

today's Times of India carries an article that PAYPAL service is restricted now.
person to person transfer has been suspended.

The company said February6th on a blog post that "personal "Paymentrs or those made from one individual to another has been suspended to India .....................they are unable to move money from PayPal into their Bank.
.........
Paypal says that only personal payments should hav, been reversed , and that if a commercial payment was reversed, the payer should resend the money

@admin
Contest payments may not be cashable , via PayPal , for the present till RBI registers the service..

Now, what other options we have after PayPal for person to person transfer?

there are many options for "person to person transfer"



1. HAWALA _very risky and considered illegal in our country..

2. Amar Singh_not risky but very sticky option..

U.S dollars were transferred to my OWN
INDIAN Bank account from U.S, from the other person's Bank. Approx service charge was about $10/= ( minimum period 3 days )
2.
I also transfer money to SAME bank's account elsewhere for a nominal charge of Rs 10/= ( by cash or Cheque transfer )
Money transferred within an hour .
Yet to try interbanking transfers.
@admin wants ICICI bank account .

May be PayPal is doing this free , for "P" to "P"but charge the merchants a service charge, or commission

Originally Posted by mickey

there are many options for "person to person transfer"



1. HAWALA _very risky and considered illegal in our country..

2. Amar Singh_not risky but very sticky option..

your answers make me laugh lol !!!

its sad tthat pay pal is no longer available

My contest winnings were reversed during the process to get it withdrawn to bank account. Requested admin so send it as money order. Paypal was real handy.