Money
Paypal India Users Can Continue to Enjoy Electronic Withdrawals
Jul 30th
Barely a few days ago, PayPal had announced that Indian users would not be able to withdraw electronically from July 29, 2010. However, PayPal has announced today that it will continue to offer electronic withdrawals.
Here’s the email PayPal has sent out:
We’ve received good news. You can continue to enjoy electronic withdrawals just as you did before.
While we have received your appreciation for the advanced notice and the refund of the cheque processing fee, we also have heard loud and clear that you highly value the ease-of-use of our electronic withdrawal service. Our customers are our number one priority and we are working tirelessly to improve our service.
Thank you for your patience and in appreciation for your continued support, we will still provide the $5 USD processing fee refund for any cheque withdrawals made from July 29, 2010 until further notice.
Change In Withdrawal of Funds From PayPal Accounts for India Users
Jul 27th
PayPal has announced another change in withdrawal of funds from PayPal Accounts for Indian Users.
In accordance with regulatory instructions, PayPal is bringing in a change in their withdrawal functionality in India starting on August 1, 2010. At present you can request for either an electronic or cheque withdrawal of funds from your PayPal account if you are an India user.
From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account.
To request for a cheque withdrawal:
1. Log into your PayPal account, click on ‘Withdraw’.
2. Click on the ‘Request a cheque from PayPal‘ link.
3. Enter the withdrawal amount and select your mailing address, then click ‘Continue‘.
4. Click ‘Submit’ to confirm your request.
Checkout screenshots here for the above points.
In order to help users with this change and until further notice, PayPal will refund the $5 USD cheque withdrawal fee to you cheque withdrawals made on July 29, 2010 onwards.
PayPal’s Important Information For Sellers In India
Apr 8th
If you’re a Seller from India and accept monies into your PayPal account, well, PayPal has got some news.
PayPal has sent out the following email to users based in India:
10 Money Tips for a Holiday Abroad
Mar 6th
So finally you’ve decided that you’re going to take that well deserved vacation — away from all the madness at work. I won’t get into why you need a holiday but instead provide you with money tips when planning a holiday. What if your credit card isn’t accepted and you aren’t getting a decent exchange rate for your native currency? Here’s the checklist:
1. Take along your major credit cards — make sure they are really credit cards and not just debit cards with a credit card company’s logo on them. Many locations require a credit card and will not accept a debit card, so they may have limited use on your travel.
2. Notify your credit card company of your trip before you leave. The unfamiliar spending patters might cause them to suspect that the card is being used fraudulently and delay your approvals. Further, they will explain many of the services that they can provide while you are on your trip. Continue reading “10 Money Tips for a Holiday Abroad” »
PayPal to resume local bank withdrawals to India
Feb 27th
Just received an email from PayPal stating RBI has allowed them to continue local bank withdrawals for settlements for exports of goods and services. Paypal anticipates that, as of Wednesday, March 3rd, customers will be able to use their bank withdrawal service. However, the bad news is — personal payments into India still stand suspended till further notice.
Below is the email I received from PayPal:
We have been diligently working with the RBI and our business partners to resume Indian bank withdrawals for the thousands of Indian businesses who depend on PayPal to sell their goods or services in the global marketplace. Continue reading “PayPal to resume local bank withdrawals to India” »
9 tips to become financially healthy
Mar 14th
photo by andrewinpompey
Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess. Let us tap into the financial wisdom of our elders and become financially wiser. Continue reading “9 tips to become financially healthy” »
9 Lessons To Learn From Lehman’s Crisis
Nov 10th
photo by faeryboots
Received this via email, thought it’s interesting to share with you all — It’s an interesting article by Yogesh Chhabria.
LATELY, I have been thinking a lot about the Lehman crisis. Spending money that they didn’t have and going beyond their means is one of the main reasons for their situation today. In fact that is the cause for the current economic crisis in the US.
When I see all this happening, I can only remember the good old days. Then, karz was bad. People looked down upon those who took loans. Parents would not give their daughter’s hand in marriage to a man with loans.
But of course, the times have changed now. Everyone I know has a loan. The buzz word is EMI (equated monthly installment). Today, you can buy everything on EMI – a house, a television, even an i-Pod. In fact I know of someone who just bought a fancy BMW 3 series on EMI, instead of buying a cheaper car outright with cash. I mostly prefer to take public transport, but then I am an old man with old thoughts! Continue reading “9 Lessons To Learn From Lehman’s Crisis” »
Fuel For Thought
Apr 16th
Photo by Sam UL
I filled up my car’s fuel tank, and I thought fuel has become really expensive after the recent price hike. But then I compared it with other common liquids and did some quick calculations, and I felt a little better.
To know why, see the results below – you’ll be surprised at how outrageous some other prices are!
