Today I got message from paypal which says :
In compliance with Indian regulations, if you are selling products and services to customers globally, please review the following important information:
• Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days.
• While making the withdrawal please make sure you select the purpose code that best fits your business.
• Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.
• If you would like to make purchases on any website that accepts PayPal, you can continue to use any credit card issued by a bank in India.
I hate paypal now for mainly three reasons :
Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days. - If the currency rate is not good - and if we have not accumulated sufficient amount in paypal - if amount is less than Rs.6,999.99 INR or less then 50 Rs. will be charged - and this shows more loss - then it is of no use withdrawing money within 30 days time. Dollar rate which used to change all the time is also a big problem - sometimes it is as low as 42 Rs. per dollar:-( .. No help .. this all things are killing me now 😞
Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.
Third reason - Currency exchange rate - If the current rate is - 46 Rs. - if we go for bank withdrawal - we will get only 44 something 😞 -- such a big loss .. when there are all currencies available ( Hong Kong Dollars, Singapore dollars, Australian Dollar, United Kingdom Pound, etc) in paypal then why not INR ?? (Indian Rupee) available - there is no value of India or what ?
In compliance with Indian regulations, if you are selling products and services to customers globally, please review the following important information:
• Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days.
• While making the withdrawal please make sure you select the purpose code that best fits your business.
• Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.
• If you would like to make purchases on any website that accepts PayPal, you can continue to use any credit card issued by a bank in India.
I hate paypal now for mainly three reasons :
Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days. - If the currency rate is not good - and if we have not accumulated sufficient amount in paypal - if amount is less than Rs.6,999.99 INR or less then 50 Rs. will be charged - and this shows more loss - then it is of no use withdrawing money within 30 days time. Dollar rate which used to change all the time is also a big problem - sometimes it is as low as 42 Rs. per dollar:-( .. No help .. this all things are killing me now 😞
Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.
Third reason - Currency exchange rate - If the current rate is - 46 Rs. - if we go for bank withdrawal - we will get only 44 something 😞 -- such a big loss .. when there are all currencies available ( Hong Kong Dollars, Singapore dollars, Australian Dollar, United Kingdom Pound, etc) in paypal then why not INR ?? (Indian Rupee) available - there is no value of India or what ?
