Paypal dropped bomb on the Indian online entrepreneurs who use their servies for online transactions. A run through Paypal's official announcement sates that starting this march 1st, you will not be able to receive payments that exceed $500 per transaction. Also, you won’t be able to keep any money in your PayPal account,all the money shall be transferred to your Indian bank account within 7 days.Rubbing salt to the injury, the final blow comes as you will not be able to purchase goods using your Paypal account. You can read the official story here
If you want to transfer money, then you need to transfer your money from your credit card to the paypal account. Guess they have gone nuts as pissing of a whole subcontinent of customers is not a very good idea. I already packed my stuff to move on to Alertpay, its convenient & it gives me money too :) You too can earn money using it.
Sign up by clicking the button below..
Why Alertpay ?
- Its convenient than Paypal.
- If you have a Paypal account already (like me), nothing is lost in getting an Alertpay one :)
- I cant trust Paypal anymore.. neither you should.
- More flexible..
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