{"id":17653,"date":"2011-03-01T19:24:09","date_gmt":"2011-03-01T13:54:09","guid":{"rendered":"https:\/\/www.quickonlinetips.com\/archives\/?p=17653"},"modified":"2020-05-24T10:49:50","modified_gmt":"2020-05-24T05:19:50","slug":"paypal-india-money-transfer-restrictions-start","status":"publish","type":"post","link":"https:\/\/www.quickonlinetips.com\/archives\/2011\/03\/paypal-india-money-transfer-restrictions-start\/","title":{"rendered":"Paypal India Money Transfer Restrictions Start"},"content":{"rendered":"<p><strong>Paypal India <\/strong>users are now under \u00a0<strong>new limited Paypal guidelines<\/strong> restricting money transfer, payments for goods and services and \u00a0accepting money online.<\/p>\n<p><a href=\"https:\/\/www.quickonlinetips.com\/archives\/2011\/01\/paypal-india-payments-restricted-again\/\">Paypal had warned<\/a> about the upcoming changes a month back to comply with Reserve Bank of India guidelines. As Paypal users, mostly freelancers are affected and look around to find a new money transfer agent, here is the login screen which greeted Paypal India users today.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-17654\" title=\"paypal-india-block\" src=\"https:\/\/www.quickonlinetips.com\/archives\/wp-content\/uploads\/paypal-india-block.jpg\" alt=\"paypal india block\" width=\"500\" height=\"233\" srcset=\"https:\/\/www.quickonlinetips.com\/archives\/wp-content\/uploads\/paypal-india-block.jpg 500w, https:\/\/www.quickonlinetips.com\/archives\/wp-content\/uploads\/paypal-india-block-150x69.jpg 150w, https:\/\/www.quickonlinetips.com\/archives\/wp-content\/uploads\/paypal-india-block-300x139.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>Here are the highlights of the new Paypal policy.<\/p>\n<blockquote><p><strong>With effect from 1 March 2011<\/strong>, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways (&#8220;RBI Guidelines&#8221;).<\/p>\n<ul>\n<li>Any balance in and all future payments into your PayPal account may<strong> not be used to buy goods or services and must be transferred to your bank account in India within 7 days<\/strong> from the receipt of confirmation from the buyer in respect of the goods or services; and<\/li>\n<li>Export-related payments for goods and services into your PayPal account may <strong>not exceed US$500 per transaction<\/strong>.<\/li>\n<\/ul>\n<\/blockquote>\n<p>How has this Paypal restriction affected your business. Post in comments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paypal India users are now under \u00a0new limited Paypal guidelines restricting money transfer, payments for goods and services and \u00a0accepting&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1],"tags":[24],"class_list":["post-17653","post","type-post","status-publish","format-standard","hentry","category-tips","tag-india"],"_links":{"self":[{"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/posts\/17653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/comments?post=17653"}],"version-history":[{"count":0,"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/posts\/17653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/media?parent=17653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/categories?post=17653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quickonlinetips.com\/archives\/wp-json\/wp\/v2\/tags?post=17653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}