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India Suspended From PayPal For "At Least a Few Months"
More details have come about about what was behind PayPal's decision to suspend personal payments to any user in India, as we discussed on Sunday. In a blog post today, PayPal revealed that payments to India will remain in suspension for at least a few months. Customers in India will be able to pull rupees out of the service into their bank accounts within a few days. The suspension came about when Indian government regulators raised questions about whether PayPal's service was enabling remittances (transfers of money by foreign workers) to Indian citizens. "The problems may have been triggered by a marketing push that promotes PayPal as a way to send money abroad, a source familiar with the matter said. The campaign — which reads 'As low as $1.50 to send $300 to countries like India' — may have caught the attention of Indian regulators, the source said."
Isn't this in direct contradiction to something PayPal said a day or two ago? Something akin to "golly gee we're not sure what happened but we're looking into it".
On another note, this applies to private transactions only, not commercial ones. This directly affects any freelancers who aren't operating as a company though, such as Rent-A-Coder, et. al.
You can't legislate goodness. Let each to his own destiny, by will of his freely made choices.
My IP, name, address, phone number, etc. are banned on paypal and any variation thereof and they tried to send a collection agency after me for 2 accounts I had. I told them to fuck off and they can't do jack since I, as a precautionary measure, changed my bank account numbers as soon as they limited my accounts. Just because some buyer decides to do a chargeback on his credit card 120 days after purchase does not mean I am responsible for the money. Paypal is not a bank. I did not borrow from them. I do not owe them anything, and they can't touch my credit. The paypalsucks website is living truth of what they can do to their customers. Some people lost $5K plus, and most are scared into cooperating by the collection agency. I at least didn't lose anything except for the account I opened in 1999 and my ability to use ebay, but they can lose the business. I use craigslist instead now and don't have to pay to put up auctions or pay transfer fees.
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1- PayPal is a poster case of why governments are needed: freezing, canceling, hijacking accounts with no rhyme, reason, nor customer service. Just imagine if banks where free to keep your cash 'coz they no longer like you. I'll use PayPal once it is regulated, meself.
2- In some countries, the government is not only about regional control and protection. Education, Health, Retirement, Social Security... To my unprofessional eyes, governments do not seem to do much worse than the private sector in those domains, on average. I'd rather study, be sick, retire or be on the dole in France than in the US.
3- Countries exist because it is easier to feel close to people with the same language and culture.
Have you traveled at all ? Not as a tourist, but staying for moth than a month in a different country, working with locals ?
The Cloud - because you don't care if your apps and data are up in the air.
Only an idiot would consider an economy with almost 7% growth in a global downturn to be a lumbering, stagnant market.
Apparently, neither do you.