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PayPal Enforces New Limit's For Indian Users Citing RBI Guidelines

After payment reversals and blocking withdrawals in past for Indian users, PayPal has once again some worrying news for Indian users - citing RBI (Reserve Bank of India) guidelines PayPal has amended it's user agreement for India effectively blocking them from sending money in their PayPal account balance which can only be withdrawn to an Indian bank account now, and has also limited received payments to US$500 per transaction for any export-related goods or services.

PayPal Limits

Paypal Reversing Money For Personal Payments Sent To Or From India

PaypalPaypal can be called the eCurrency fueling the online commerce allowing payments and money transfers to be made through the Internet, powered by 73 million active users it operates in 190 markets allowing customers to send, receive, and hold funds in 19 currencies worldwide including India. However, for some unknown reasons Paypal has now blocked personal payments to be sent to or from India - add to that they are reversing transactions made during past two days sending back the money to senders automatically.

Paypal Reversing Payments
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