PayPal halts payments to India

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  • halfpint
    GFY's Halfpint
    • Jun 2007
    • 15223

    #1

    PayPal halts payments to India

    Online payments' service Paypal has halted personal payments to India following new government regulations that were designed to
    crack down on money laundering.

    Paypal Monday did not cite a specific reason for the suspension apart from concerns raised by PayPal's "business partners and stakeholders". The company noted that commercial payments to merchants in India would continue as normal.

    The move is expected to have a serious impact on the thousands of Indian freelancers who are paid via Paypal for web design, writing and software development, PC World reported.

    The move is reportedly related to the Indian government's crackdown in November 2009 on international banking transactions, when it instituted new reporting and verification requirements on all banks and financial institutions to prevent international money laundering.


    More here

    http://economictimes.indiatimes.com/...ow/5550148.cms

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  • Barefootsies
    Choice is an Illusion
    • Feb 2005
    • 42635

    #2
    Bravo.

    **round of applause**

    Many DP scammers will be crying in their collective beers tonight.
    Should You Email Your Members?

    Link1 | Link2 | Link3

    Enough Said.

    "Would you rather live like a king for a year or like a prince forever?"

    Comment

    • halfpint
      GFY's Halfpint
      • Jun 2007
      • 15223

      #3
      Originally posted by Barefootsies
      Bravo.

      **round of applause**

      Many DP scammers will be crying in their collective beers tonight.
      lol very true

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      Comment

      • VikingMan
        Exploiting human weakness
        • Jan 2008
        • 6862

        #4
        Originally posted by Barefootsies
        Bravo.

        **round of applause**

        Many DP scammers will be crying in their collective beers tonight.
        Sorry I have a thick scull. What does DP stand for in this instance? Thank you.

        Comment

        • halfpint
          GFY's Halfpint
          • Jun 2007
          • 15223

          #5
          Originally posted by lumenus
          Sorry I have a thick scull. What does DP stand for in this instance? Thank you.
          Its a mainstream forum basicaly

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          Comment

          • Barefootsies
            Choice is an Illusion
            • Feb 2005
            • 42635

            #6
            Asked.

            Originally posted by lumenus
            Sorry I have a thick scull. What does DP stand for in this instance? Thank you.
            Answered.

            Originally posted by halfpint
            Its a mainstream forum basicaly
            Should You Email Your Members?

            Link1 | Link2 | Link3

            Enough Said.

            "Would you rather live like a king for a year or like a prince forever?"

            Comment

            • fatfoo
              ICQ:649699063
              • Mar 2003
              • 27763

              #7
              Prevent money laundering. Good show.
              Send me an email: [email protected]

              Comment

              • Arnox
                Confirmed User
                • Sep 2009
                • 2169

                #8
                Now you guys can hit up my sig and get yourself some decent content.
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                Comment

                • Jarmusch
                   
                  • May 2003
                  • 12479

                  #9
                  Good thing the indian sigwhores around get paid by epassporte

                  Comment

                  • brassmonkey
                    Pay It Forward
                    • Sep 2005
                    • 77397

                    #10
                    that wont stop it
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                    • LeRoy
                      Porn Pusher
                      • Jul 2007
                      • 13364

                      #11
                      One less thing yeah
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                      Comment

                      • Nicky
                        Too lazy to set a custom title
                        • Mar 2003
                        • 30071

                        #12
                        I just paid someone from India. If you choose, "service" or "goods" It still works.

                        gfynicky @ gmail.com

                        Comment

                        • J. Falcon
                          www.AdultCopywriters.com
                          • May 2006
                          • 31645

                          #13
                          Originally posted by Nicky
                          I just paid someone from India. If you choose, "service" or "goods" It still works.
                          You just spoiled the fun.
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                          Comment

                          • pornask
                            So Fucking Banned
                            • Aug 2006
                            • 6518

                            #14
                            What took them so long... Fucking Indian scammers

                            Comment

                            • Manowar
                              jellyfish  
                              • Dec 2003
                              • 71528

                              #15
                              Originally posted by lumenus
                              Sorry I have a thick scull. What does DP stand for in this instance? Thank you.
                              digital point

                              Comment

                              • J. Falcon
                                www.AdultCopywriters.com
                                • May 2006
                                • 31645

                                #16
                                Originally posted by Manowar
                                digital point
                                Where you can buy professionally written articles for $3 a piece
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                                • Adraco
                                  Confirmed User
                                  • May 2009
                                  • 3745

                                  #17
                                  Originally posted by J. Falcon
                                  Where you can buy professionally written articles for $3 a piece
                                  Yeah, and people believing that India would be the third largest economic power in the world (which of course is not true, it's US, China and Japan, in that order), people who always want to get paid and I quote: "via Paypal, please make sure to mark it as a personal payment to avoid fees", you'll find written English with more spelling mistakes than any re-write robot would ever do, always spelling I with lower case i, that's how you spot them, and funny lies like they would be the worlds leading software nation. True, a lot of programming is done in India, but it's being developed and engineered in the West, EU and US, by well educated engineers, so the buttons are being pushed in India, but it's done according to blueprints, specifications and instructions from the computer programmers here.

                                  There's a thread going on over there about this, all the Indians are like crazy mad about this and claims it will be the end of Paypal and so on and so forth. It's well over 2500 posts and going. It's quite entertaining to read, they are crazy mad over their 5-10 USD transactions being reversed by Paypal. It seems like the smaller the amount, the more mad they are. Then they are feeding each other misinformation and get mad at each other too for spreading information which is not helpful or untrue. The confusion is total. Few actually take suce a step as to call Paypal, but instead they are all trying to find out from each other.

                                  It's all very entertaining, and I'd recommend a small Google search and you can enjoy some of the rage going on too.
                                  ----------------------------------------------------------------------------------
                                  The truth is not affected by the beliefs, or doubts, of the majority.

                                  Comment

                                  • Sly
                                    Let's do some business!
                                    • Sep 2004
                                    • 31376

                                    #18
                                    I always used Xoom to pay my Filipino. They can just use that, no?
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                                    • harvey
                                      Confirmed User
                                      • Jul 2001
                                      • 9266

                                      #19
                                      here's my Indian employee with the payment I had to send
                                      This post is endorsed by CIA, KGB, MI6, the Mafia, Illuminati, Kim Jong Il, Worldwide Ninjas Association, Klingon Empire and lolcats. Don't mess around with it, just accept it and embrace the truth

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                                      • pamon
                                        Confirmed User
                                        • Dec 2007
                                        • 3113

                                        #20
                                        way way way too much fraud in india. but come on, where else can a country of a billion make $5 a day and be online 24/7 to do the work. indian programmers are a dime a dozen and 20% do good work and the rest not. kudos to PP on this one
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