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Also paypal withdraws everything to your bank account everyday and leaves a $0 balance so you can't process any intl refunds. Payment processing is still very
by superasn 4y ago
Also paypal withdraws everything to your bank account everyday and leaves a $0 balance so you can't process any intl refunds.
Payment processing is still very hopeless in India.
- ghoul2 4y agoBest I understand it, this is required by Indian rules. They cannot permit you to carry out "banking" transactions with your paypal account. Meaning the dollars received must get back to a "real" bank account denominated in INR. And any USD you need to send out must be obtained by sourcing INR from your bank account, going thru RBI to get those USD (so they can monitor and control forex flows, including annual limits etc). In brief, paypal is not a bank (in India) and is not allowed to act like one. Any money it receives it needs to transfer to a real bank immediately, and money to be sent out must come from a real bank as well.