It’s has become a little old news but is still worth mentioning. Paypal has been dealing with some security and policy issues with India and we heard quite a while ago that depositing money from Paypal to a bank in India was no longer possible. That little issue got fixed somehow and we were all happy when we had that email from Paypal regarding all holds are lifted for depositing your money.
I think that this new policy or rule tracks way back from then, they might have agreed on something like that. Starting from fiscal month of 2011, they would take new rules into effect regarding money transactions via Paypal.
New rules are very strict and very disappointing.
- You will no longer be able to accumulate money in your Paypal account. You have to deposit or request it in your bank or credit card as soon as you see some money delivered in your Paypal account.
- You will no be able to hold a transaction for export goods greater than $500.
Here’s a screenshot of the email we, all Paypal account holders, got.



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