PayPal halts payments to India - GoFuckYourself.com

halfpint · 02-08-2010, 02:32 PM

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

Barefootsies · 02-08-2010, 02:32 PM

Bravo.

**round of applause**

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

halfpint · 02-08-2010, 02:33 PM

Quote:

Originally Posted by Barefootsies

Bravo.

**round of applause**

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

lol very true

VikingMan · 02-08-2010, 02:35 PM

Quote:

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.

halfpint · 02-08-2010, 02:40 PM

Quote:

Originally Posted by *******

Sorry I have a thick scull. What does DP stand for in this instance? Thank you.

Its a mainstream forum basicaly

Barefootsies · 02-08-2010, 02:42 PM

Asked.

Quote:

Originally Posted by *******

Sorry I have a thick scull. What does DP stand for in this instance? Thank you.

Answered.

Quote:

Originally Posted by halfpint

Its a mainstream forum basicaly

fatfoo · 02-08-2010, 02:49 PM

Prevent money laundering. Good show.

Arnox · 02-08-2010, 02:51 PM

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

Jarmusch · 02-08-2010, 02:54 PM

Good thing the indian sigwhores around get paid by epassporte

brassmonkey · 02-08-2010, 03:13 PM

that wont stop it

LeRoy · 02-08-2010, 03:19 PM

One less thing yeah

Nicky · 02-08-2010, 03:24 PM

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

J. Falcon · 02-08-2010, 04:05 PM

Quote:

Originally Posted by Nicky

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

You just spoiled the fun.

pornask · 02-08-2010, 04:15 PM

What took them so long... Fucking Indian scammers

Manowar · 02-08-2010, 04:20 PM

Quote:

Originally Posted by *******

Sorry I have a thick scull. What does DP stand for in this instance? Thank you.

digital point

J. Falcon · 02-08-2010, 04:24 PM

Quote:

Originally Posted by Manowar

digital point

Where you can buy professionally written articles for $3 a piece

Adraco · 02-08-2010, 08:01 PM

Quote:

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.

Sly · 02-08-2010, 08:03 PM

I always used Xoom to pay my Filipino. They can just use that, no?

harvey · 02-08-2010, 08:48 PM

here's my Indian employee with the payment I had to send

pamon · 02-08-2010, 10:00 PM

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

02-08-2010, 02:32 PM	#1
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	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 __________________ Get FREE website listings on Cryptocoinshops.net

02-08-2010, 02:32 PM	#2
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	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?"

02-08-2010, 02:49 PM	#7
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	Prevent money laundering. Good show. __________________ Send me an email: [email protected]

02-08-2010, 02:51 PM	#8
Arnox Confirmed User Industry Role: Join Date: Sep 2009 Location: Radelaide Posts: 2,162	Now you guys can hit up my sig and get yourself some decent content. __________________ Need Text? X Copywriters \| Adult Writing Service - [email protected]

02-08-2010, 03:13 PM	#10
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,227	that wont stop it __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

02-08-2010, 02:54 PM	#9
Jarmusch Industry Role: Join Date: May 2003 Posts: 12,464	Good thing the indian sigwhores around get paid by epassporte

02-08-2010, 03:19 PM	#11
LeRoy Porn Pusher Industry Role: Join Date: Jul 2007 Location: It's a dry heat Posts: 13,341	One less thing yeah __________________ JAPANESE CAMS AND CONTENT SITES Teams - leroy.rowland2 Telegram - @lroddd

02-08-2010, 03:24 PM	#12
Nicky Judge Jury and Executioner Industry Role: Join Date: Mar 2003 Location: Sweden Posts: 30,069	I just paid someone from India. If you choose, "service" or "goods" It still works. __________________ gfynicky @ gmail.com

02-08-2010, 04:15 PM	#14
pornask So Fucking Banned Join Date: Aug 2006 Location: 253-233-241 Posts: 6,518	What took them so long... Fucking Indian scammers

02-08-2010, 08:03 PM	#18
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,326	I always used Xoom to pay my Filipino. They can just use that, no? __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

02-08-2010, 08:48 PM	#19
harvey Confirmed User Industry Role: Join Date: Jul 2001 Location: 127.0.0.1 Posts: 9,266	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

02-08-2010, 10:00 PM	#20
pamon Confirmed User Industry Role: Join Date: Dec 2007 Posts: 3,108	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 __________________ Email: [email protected] Skype: davidamodt. / TG: Davidamodt US Adult Content & Porn Writer Project/Sites/Tubes/Reviews & More