PayPal Nightmare Story for Indians

Posted by : Dexter Panganiban on October 11, 2011 | ; Filed Under Money Matters

Image Credit : techieask.com

I saw from Amit Agarwal blog post that paypal is automatically reversing every transaction (Paypal Chargeback) or payment received in excess of $500, This is in accordance to rule set forth by RBI (Reserve Bank of India – India’s Central Bank)guidelines. According to the post, PayPal will also ”reverse all the previous payments you may have received in your account in or after March 2011 that exceeded the said amount”. So what if a certain online marketer receives an amount of $10,000 as total transaction, which exceeds to $500 ? It will just be reversed (Send back) to the sender.

I just hope that our fellow online marketers blogger in India can resolve this issue.

We hope that the same incidents will not happen to Philippines, where we know that lots of Pinoy bloggers and Pinoy Marketers are receiving their payment through PayPal. Indians should find a way to received payments in other method. Payment through Cheque or Wire Transfer would probably better option.

I have experienced paypal reversal for unauthorized payment as I blog before, and I know how frustrating to have a negative value in PayPal Account.

Thanks Amit

Tags: India, indians, nightmare story, Paypal, Paypal Chargeback, philippines, RBI, reserve bank of india

About the author

Dexter is a person who loves technology,new gadget, SEO, Social Media and Christianity. Follow him at twitter via @techathand and add him @ Google+ and contact us at [email protected]

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2 Responses to “PayPal Nightmare Story for Indians”

metalpig on October 13th, 2011 4:46 pm

or maybe they can use the western union quick cash… much better and faster, i think…

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Dexter | Techathand.net Reply:
October 14th, 2011 at 2:53 am

@metalpig,

Ang mahirap lang doon binawi yung mga bayad na naila dati..

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