Month: February 2010

  • Update: PayPal to resume Bank Withdrawals in India after RBI approval

    Currently, PayPal is having a lot of trouble in India. They stopped personal payments to and from Indian PayPal accounts, only business transactions were allowed through PayPal, and also Bank Withdrawal requests were being refunded after about 10 days. This was all due to PayPal not complying with new RBI policies. Today, I got this…

  • Is PayPal in trouble in India?

    I agree PayPal is in difficult situation in India, but they ideally should register themselves as proper banking service provider before providing money related services worldwide. I am unsure how they got that big even before registering in their home country. They accept payment/cash from individuals, as well as keep it without giving any interest…