Paypal has given a rare pleasant surprise to its Indian users – Close to the heels of news coming out that the transactions over USD 500 will be reversed, Paypal seems to have done a complete U turn.
According to notification sent by Paypal to Indian users, Paypal has now raised the receiving limit from earlier USD 500 dollars to USD3000! RBI has now allowed users to receive export-related payments of up toUSD 3000 per transactioninto their PayPal account, effective immediately.
Paypal notification to Indian Paypal Users
Hope this decision stays and we don’t have any more surprises ahead of us!