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Cannot receive funds more than US$ 500 through PayPal

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PayPal has declared that India-based merchants who use PayPal will not be able to receive payments from outside India for more than $500 per transaction with effect from March 1, 2011.

PayPal has further said that any balance in and all future payments into PayPal account of India-based merchants must be transferred to their bank account in India within seven days from the receipt of confirmation from the buyer in respect of the goods or services.

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3 Comments to "Cannot receive funds more than US$ 500 through PayPal"

  1. Geetika

    February 3, 2011

    This is bad news, how would the freelancers in India do business ?

  2. Tom

    February 3, 2011

    Hey, I saw that the Thawte SSL Certificates are being sold on your site at /thawte-ssl-certificates/ssl123-certificate/ at fabulous price.

    Just need to know if Thawte is better or GeoTrust ?

    • Eric

      February 3, 2011

      Thawte is better.. anytime


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