Today received following message from ebay /paypal.
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You receive money on DAY 1 from the buyer into your PayPal Account,
1. You take 3 days to make product or ship product
2. Buyer Receives product after 10 days ( so 3+10=13 )
3. Buyer confirms or leaves positive or satisfied & acknowledges after 2 days ( 3+10+2=15 )
4. So from 15th day, 7 days are counted ( 15 +7 ) to transfer the money in your account
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So for ebay items 15 days will be given. Funny, i ship item by Registered airmail and delivery time to International locations vary from 4 to 50 days. 80% packets never reach before 20 days. There is no problem with Indiapost service because almost all international seller quote 1 to 4 weeks delivery time and more if any country is famous for slow customs (Italy, Brazil, Indonesia etc, of course India). I think February will be my last month on ebay....
Another serious question from wise men of Paypal and RBI.
Paypal imposes $2500 (or $3000 ?)withdrawal limit per month, if you received more than this then you have to wait for next month. Suppose, i have done eight transactions of $400 or 32 transactions of $100 so total will be in my account will be more than $2500. Then how will i withdraw remaining $700 within 15 days. More problems if you are a big seller and there are 50+ such transactions every month.
People who sell through their sites can be corrupt (not all) and may be indulge in money laundering etc but selling through ebay is transparent. Whole world can see who is selling and who is buying. Then why such a stup*d rule.
Dont make India another Pakistan, where politicians only want to come in power to earn money. They have nothing to do with progress and development. They know one day terrorist will ruin the country and then they will fly to Europe / Gulf where they have 20+ rooms mansions and enough funds for luxurious life their grand grand children. Indian politicians are slowly but steadily making progress. Their plans are delayed only by the people who love this country and carry the burden on their shoulders... yes people like me, you and all people on ebay. Believe it or not the best thing happen to India after dotcom bust is small sellers from small/big towns started earning foreign currency. The things which are considered a piece of junk and thrown away (comics/ posters/ artwork etc) found a way into our cupboard. Handicraft has survived.. not because of Big time exporters but because of Ebay and security that paypal provides.
These stup*d laws will not make any difference in already going down Indian economy. Stop corruption and invest some funds in technical research. Make satellite/ ships/ airplanes / electronics / advanced rail coaches and economy will boom. Today we can not even make a decent Keyboard and mouse. That is the difference between India and China.
What extraordinary things Indian politicians have done so far - g@y relations are legal now (wow this shows we are not far behind than Europe and America. Bravo) / Lowered the age of marriage and voting (wow.. now make sati pratha , child marriage legal)/ and ITS A SHAME... in today's paper they are considering and thinking about a law where 12 years old is able to have *** legally. Its just a tip of things going inside the dirty mind of Indian politicians and bureaucrats.
Will return for more.
WE NEED A JULIAN ASSANGE DESPERATELY.
thanks