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I thing paypal will remove this kinda restrictions in future , hope so
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Paypal Implemented New Rules to Indain Users - Some Solutions to Pay Others!!
Hi,
Finally paypal implemented new set of rules for Indian users. In short, these are the restrictions.
1. We can't use the paypal balance anymore...we have to withdraw within 7 days once you receive the payments from your clients or others.
2. We can't receive more than $500
3. Ofcourse you can send money to others by using Credit Card linked to your paypal account.
Certainly there is some loss due to exchange rates but we need to face these suppose if you need to continue some more time at online business.
It's is very hard to get CC for freelancers but there is option to get CC through Fixed Deposits.
One of the best bank to get CC is
For Rs. 20,000 FD - you will get around 85% Credit Limit.
You can add this CC to your Paypal account and send money to others.
Another Option:
You can also open a Savings Account in HDFC bank and you can create virtual cards in Indian rupees through online.
For more details check out this:
At present these are the best ways to send money to others or to buy online products/services.
Thanks,
IMKing
I thing paypal will remove this kinda restrictions in future , hope so
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I am really sad for our Indian counterparts who are working hard online and yet getting restricted as to the use of the money they earned. This can also affect all of us because business or transactions with Indians may decrease due to this new imposed rules.
As I understand it this is really the doing of Paypal. We hope that Paypal could somehow find a way to solve this problem later.
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