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elgato
Joined: 24 Feb 2005
Posts: 17237
Location: Texas
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| Posted: Sun Feb 07, 2010 10:56 am Post subject: PayPal halts certain payment transactions in India |
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SAN JOSE, Calif. – The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.
A spokesman for the service said Saturday that "personal payments" to and from India are being blocked. Transfers to banks in India are being suspended as well.
The spokesman, Anuj Nayar, said PayPal is taking the step while it answers questions that have arisen about the service. He declined to elaborate.
Nayar said the suspensions began Jan. 28. He wrote in a blog post that PayPal, which is owned by eBay Inc., hopes "to resolve the situation as quickly as possible."
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elgato
Joined: 24 Feb 2005
Posts: 17237
Location: Texas
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| Posted: Thu Feb 11, 2010 12:58 pm Post subject: Re: PayPal halts certain payment transactions in India |
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Related & Updated:
"PayPal Policy Updates Impact Sellers and Student Account-holders"
PayPal policy updates that go into effect on March 10, 2010, include changes caused by recent regulations in India. Section 8 (Fees) of the User Agreement is being amended to prohibit users from sending a Personal Payment to a recipient in India.
PayPal also warned sellers not to use a shipping service that is controlled by the buyer.
PayPal also changed the terms of users of its Student Account, including the statement, "Any online agreements that are accepted by the Child, including terms and conditions of any promotion the Child participates in, are accepted by the Parent as if the Parent had taken the action.
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