Posts Tagged ‘paypal’

5 Services For Building Websites on a Budget

Published by pratyushkp on July 11th, 2011 - in Social, Technology

Image by Marc_Smith via Flickr

Post from Mashable , Authered by Kelli Shaver

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business.

There’s little doubt that a custom-designed and developed website is ideal for business. A trained professional can help you optimize your site for good search engine rankings, custom-tailor the look and feel to appeal to your target audience, reinforce your company’s image and ensure that your content is easily accessible and the user experience enjoyable. However, large web-development budgets often just aren’t possible, particularly for small businesses or entrepreneurs who are just getting started. In these cases, a number of web services exist to allow you to grow your company’s presence online, often in just minutes. We’ll take a look at five of them below. Continue reading “5 Services For Building Websites on a Budget” »

Paypal amends User Agreement for India

Published by pratyushkp on January 31st, 2011 - in Social, Technology

Levies $500 per transaction cap for receiving payments

Last year, PayPal went through some strenuous guidelines and regulations laid down by Reserve Bank of India. Thankfully, PayPal did restore the e-withdrawals for India. Today Paypal has sent out a 30-day advance notice for Indian users to comply with the new guidelines. From March 1, 2011 onwards Indian PayPal users won’t be able keep PayPal account balance and won’t be able to receive payments more than $500 per transaction. As surprising it may sound, PayPal has made these amendments to “comply with the RBI guidelines” laid down for the online payments services.

Basically these are the three amendments in PayPal User Agreement for India that would be effective from 1 March, 2011.

- PayPal won’t let Indian users receive payments for more than $500 per transaction
- Indian Users won’t be able to keep money in their PayPal account balance.
- Customers will have to link their Credit Card to their PayPal account for money to Indian PayPal account users.

Here’s the email sent out to PayPal users:

Dear user,

As part of our commitment to provide a high level of customer service, we would like to give you a 30-day advance notice on changes to our user agreement for India.

With effect from 1 March 2011, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways (“RBI Guidelines”).

In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows:

- Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and

- Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.

We seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.

We regret any inconvenience caused to you and hope the advance notice will enable you to plan your future use of our services accordingly. For further information, click here.

If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page. We sincerely thank you for your patience and continued support.


The PayPal Team

More details about the same can be found “” here. PayPal has been forced by RBI to comply with the rules laid down in order to meet requirements for facilitating export-related receipts. In short, PayPal has made it difficult for Indian users to use its service – Thanks to RBI. Now several India users are bound to opt for PayPal alternatives.


PayPal Suspends Electronic Withdrawal Facility For Indian Users

Published by pratyushkp on July 29th, 2010 - in Social, Technology

PayPal users in India will be asked to use Cheque withdrawal instead of electronic withdrawals for their funds.PayPal has announced the removing the electronic withdrawal functionality for Indian users from August 1, 2010. The only option would be to request for a withdrawal of funds by cheque. According to PayPal, this decision had to be taken in accordance with “regulatory instructions”. PayPal stated that while the company is working towards restoring the facility it has the alternative options in place for future payments which is the cheque payment process. The company is ready to waive the $5 USD cheque withdrawal fee to for cheque withdrawals made from July 29, 2010 onwards, it said.

For users who have been using the electronic withdrawal facility, here is how to request for a cheque withdrawal:

* Log into your PayPal account, click on ‘Withdraw’.
* Click on the ‘Request a cheque from PayPal’ link.
* Enter the withdrawal amount and select your mailing address, then click ‘Continue’.
* Click ‘Submit’ to confirm your request.

This is second such announcement that has affected Indians using PayPal service. In February, PayPal announced the suspension transactions to and from India. However, the order was restored after it announced the resumption of the payment services a few weeks later. That was after the Reserve Bank of India gave a green signal to restart bank withdrawals for settlements for exports of goods and services.

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