Paypal account

Looks like Indian Paypal users have to take another big blow - According to article appearing on Labnol, Paypal India is set to reverse all the payments above USD 500 that have already been made to Indian paypal users since March 2011.…

Update: Within an hour of writing this, PayPal seems to have notified the Indian users about the changes. Here is the Mail I just recd. from PayPal.…

This was expected to happen – Paypal has informed their Indian users that, to receive payments in their Bank accounts from paypal, they will now have to furnish a Purpose code along with PAN (Permanent Account Number) and Bank Account…