New Issue from Paypal for Indian Users!

**IMKing** · 04-09-2010, 09:33 AM

Hi Friends,

Here today i got mail from paypal:

Subject:Important Information for Sellers

Code:

Dear 

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•       Any proceeds or earnings received into your PayPal account from the export of    goods and services should be withdrawn to your bank account within 30 days.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•       Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India.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.

For any questions, please reach out to our customer support teams by following the steps below:

1.     Log into your PayPal account

2.     Click “Contact Us” at the bottom of the page

3.     Click on “Send Us” an email or “Call Us” to reach us by phone

We cannot thank you enough for your continued attention and patience. 

 

Thank you,

PayPal

Most of other paypal users saying that this is Phishing mail but we need to wait and see what is going to happen again in this month.

Hope this should be fake mail..otherwise things would more worst than earlier..

Thanks,
IMKing

**amilafernandos** · 04-09-2010, 12:52 PM

I don't see how this could be a Phishing email. I don't see any way that the senders of this would get personal info of the reserves.

**RosenCruz** · 04-09-2010, 04:26 PM

What is going on about India ? Is PayPal making not enough money on personal accounts ?

**IMKing** · 04-09-2010, 07:07 PM

Originally Posted by amilafernandos

I don't see how this could be a Phishing email. I don't see any way that the senders of this would get personal info of the reserves.

There is no proper update from paypal itself regarding this issue, we need to wait and see.

Originally Posted by RosenCruz

What is going on about India ? Is PayPal making not enough money on personal accounts ?

Many things are going around here, it seems this new restriction is for personal accounts.

**lankaentrepreneur** · 04-09-2010, 07:36 PM

This is the 3rd issue against indian paypal account holders! time to move other processors ..

**amilafernandos** · 04-09-2010, 08:06 PM

Thanks, that clarifies a lot. I still don't know what this email entails...

**IMKing** · 04-09-2010, 08:38 PM

Originally Posted by lankaentrepreneur

This is the 3rd issue against indian paypal account holders! time to move other processors ..

Any suggestions for other payment processors which accepts paypal payments because many US clients are quite comfortable with this PP but they are creating problems to indian pp holders, What about 2co? Is it advisable for individuals?

**lankaentrepreneur** · 04-09-2010, 10:39 PM

Any suggestions for other payment processors which accepts paypal payments because many US clients are quite comfortable with this PP but they are creating problems to indian pp holders, What about 2co? Is it advisable for individuals?

2CO really good Payment processor, of course 2checkout Accept Paypal,ACH Payments and CC/DC payments as well. I thing i already published 2checkout signup formalities in in payment processor forum section.

**Serious Workers** · 05-05-2010, 10:26 AM

Let's hope this is all fake or else we will have to face problems again. Hope this time Indians will not have to suffer a lot. Last time I had to stop all my activities for more than 2 weeks. I will not be able to this time.

**rocky8** · 05-09-2010, 10:57 PM

2CO charges $49 for that as well as they will close your account if someone tries to pay with some else's Credit Card. They are very bad processors. Not a good option.

They closed my account with balance of $100 and then told me that you can't get it back.