elgato
Joined: 24 Feb 2005
Posts: 16923
Location: Texas
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| Posted: Tue Mar 30, 2010 11:11 am Post subject: PayPal to Halt Some Remittance Services in Japaan |
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PayPal is halting personal payment services for users in Japan from Wednesday due to new regulations that go into force the following day.
"We wish to inform you that effective 31 March 2010, you will not be able to send funds using the 'Send Money' function for non-commercial transactions only, until further notice," the company wrote in an e-mail to Japan-based users. "The changes to our personal payment services are necessary in order for us to comply with new regulatory requirements in Japan."
Commercial payments, for example to companies for goods bought online, are not affected, PayPal said. Personal payments from outside of Japan to users inside the country will also continue.
PayPal did not detail the regulations in question and could not be reached for comment.
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