Saket Jajodia

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Posts Tagged ‘Online Shopping’

Sneak Peek Into FlipKart Office In Bangalore

FlipKart is the largest e-commerce (online retail) website in India and the recently acquired LetsBuy which is the second largest e-retail website in India. FlipKart ships around 30,000 items per day and in other words Read more →

Wolfram|Alpha Now Tells You About The Products You Would Like Purchase

Hi! Everyone, hope you all are fine.
Today in this post I will tell you how you can get products information with Wolfram|Alpha. Finally Christmas and New Years is arrived and it’s time for holydays, party, gifts, Read more →

Purchase Books Online At Cheapest Rate In India With FlipKart

Hi! Everyone, hope you all are fine.
Today in this post I will tell you how you can buy books in India at cheapest price. I am book lover, no-no don’t think studies material but novels, love storey kind of novels by Indian authors Read more →

Indian Government Shutdown Paypal In India

Hi! Everyone, hope you all are fine.
Today in this post I will tell you about why PayPal in India getting shutdown. Today early morning I got an email form PayPal telling

Reserve Bank Of India (RBI) And PayPal

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:

  1. 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
  2. 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, clickhere.

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.

Sincerely,

The PayPal Team

It means from 1st of March 2011 people in India using PayPal for their transaction will not able to do transaction for more then $500 (USD) and if they need to transfer all their money from PayPal to their local bank account within 7 days. If you need to pay anything via PayPal you need to like your Credit Card with your PayPal account. This is done under the guideline of Reserve Bank of India (RBI).

So what you think about it? And I am searching for some alternative of PayPal so I can help you all, if you know any do let me know by commenting below.

Update:- Read more insight about it on Techie Buzz







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