Friday, January 28, 2011

PayPal in India is ‘Close to Dead’

If you are based in India and have been using the PayPal service to receive payment from foreign clients and advertisers, here’s some disheartening news for you.
Starting March 1st, you’ll not be allowed to receive payments that exceed $500 per transaction. Also, you won’t be able to keep any money in your online PayPal account – all money received into PayPal must be transferred to your Indian bank account within 7 days.
There’s another major restriction in place. You’ll not be

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