@ sainathphila,
PayPal check is received in the currency that is used to register the PayPal account. For Indian bank account holders, it is always INR. PayPal cheque is issued in INR only.
The only negative aspect of the cheque transaction is that PayPal uses the common mail to post the cheque containing high value for us. If PayPal uses Speed Post or mail with a tracking facility, then the sellers won't complain at all.
Previously, I suggested eBay team as well as PayPal team to make an arrangement wherein the cheques of Indian PayPal account holders are received via Speed Post and PayPal could charge us for the same. Or alternatively, PayPal could also tie-up with a good courier company or eBay and sent the cheques in bulk to India and then the courier company can re-distribute the same. However, they are not implementing this simple resolution.
@gk_creations123
My apologies if you found my first post against eBay. My intentions were not to hurt your emotions for eBay.
If you read my post carefully again, you will agree that I didn't write anything against eBay. I wrote against PayPal and what I mentioned was true. I've been dealing with PayPal since last 4 years even before I started dealing with eBay.
Please understand the fact that India is a huge economy and any company dealing in India will have to abide by the laws of Indian government. RBI is asking PayPal to abide by its laws which PayPal is failing to do. This is the reason for the recurrent issues such as this.
You all would certainly agree that for any company to do business in any country, it has to follow the rules and regulations of that country. The other money-transfer companies like Western Union have followed the RBI laws and therefore they aren't facing any problems. PayPal doesn't follow RBI guidelines resulting into this.
Though eBay and PayPal are owned by the same person, eBay is not responsible for PayPal's inefficiency.
Lastly, I sincerely appeal to fellow Indian...
Please don't blame your own motherland just because your business is affected. Indian Govt. is not primitive. Our business policies are much better than most of the so called open economies. Our business environment is more open to the foreign companies. But RBI needs to have strict rules for the foreign companies to prevent another East India Company like situation. Please remember, Britishers also came just for business....