PayPal stop its services in India – without providing the reason. The company has decided not to allow payments of individuals to and from India. Till date no one knows the exact reason behind this decision, but the bloggers believe that this lies in the new banking regulations in the country However, commercial entities will still be able to make payments through the Service
Want to buy products online from Indian? Now, you cannot pay them through PayPal .Popular payment company decided to stop the payments through to and from India. However, the company has not provided a reason for the decision, as well as information how long it will last.
Bloggers had suggested that the reason is that new regulations that entered India in late 2009, to the effect that mandatory reporting banks on International Activities.
Enugu, Mayer, director of international communications of PayPal, wrote in company’s blog that the suspension is carried out together with partners in the company’s stakeholders who have questions about it. ”
It should be noted that the company still allows payment of commercial companies, but these will not be able to trade through local banks.
PayPal apologized for the inconvenience that makes her move and gave, that “we try to resolve the situation as quickly as possible”. The company promised to update as soon as the what.
Factors that will be most affected by this parade of PayPal are thousands of Web designers and software developers freelancers receive payment for their work through the service.
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