Cannot receive funds more than US$ 500 through PayPal
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"
Geetika
February 3, 2011
Tom
February 3, 2011
Eric
February 3, 2011