No Personal Paypal Transactions for Indian Users from Nov 2010

September 7th, 2010 | email this

Leave your comment Posted by Life is Colourful

Published in Paypal

Paypal has made some important changes to user agreement today, which are important for Indian Paypal users to understand. Effective from 1st Nov 2010, Indian users cannot use Paypal for receiving or sending personal payments. Indian registered Paypal accounts may neither send nor receive personal transaction payments. This means that you cannot send personal transaction payments to Indian registered Accounts.

What does this mean for Indian Paypal users who are receiving payments from other countries?
If you are an Indian Paypal user and have monthly recurring payments set up with your clients across the world, it makes sense to convert your personal account into business account. So you can carry on receiving payment from other countries and you can send the payments too.

What’s the different between my existing personal Paypal account and business Paypal account?
Paypal allows some free personal payment transactions but it charges a small fees for business transactions. For every business transaction you do, there will be a small percentage of payment deducted as a fee by Paypal.

The upcoming policy updates are available at Paypal website.

7 Responded To This Post

35191. Lenen met uitkering said in September 9th, 2010

I must say that this is an strange method for PayPal. Probably because some laws have changed or something. Or it’s just an business trick from PayPal.

35202. Bryan @ Windows Registry Fix said in September 12th, 2010

I’m in the U.S., and Paypal gives us all sorts of issues. I can’t tell you how many times my account was limited “due to suspicious behavior” (at least, that’s what they said everytime I called them up). In other words, they said they noticed something odd on my account and would freeze it, causing nothing more than a pain in my neck to deal with. This is when all transactions are coming through as normal. What can you do though? Paypal is one of the most widely accepted payment processors (and most familiar) on the internet, so it’s a catch 22. Gotta still take the risks and run with them.

35296. SEO Service in Jaipur said in October 23rd, 2010

PayPal isn’t working properly for Indian users. PayPal seems to be deliberately blocking personal payments to and/or from India, however commercial payments remain unaffected by the issue.

35303. Pacquiao Margarito said in October 28th, 2010

Why do they hate Indian people? Because Indians are intelligent and knows a lot of things. Now, Indians will need to find an alternative to Paypal. Just sad to hear this news.

35345. Tell Event said in November 24th, 2010

This really sucks, I do not know why Indian users are being dealt with like this by Paypal.

35395. Catalin said in December 8th, 2010

It makes sense to have serious payments distributed via a business account, what makes it unclear to me is why they initially targetted Indians, besides the fact that indians and chinese people use paypal more than anyone else

35416. Komodo Dragon said in December 16th, 2010

I wonder what the reason behind this could be. Is it to make more people use Paisapay? I’m not sure if the two could be linked but that’s the only reason I can think of.