Global Tax Guru: It is advisable to go through terms of condition before using PayPal and similar type of service

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Wednesday, September 05, 2007

It is advisable to go through terms of condition before using PayPal and similar type of service

One of my valued reader asked me whether PayPal is legal into India.My answer was that any foreign remittance is controlled by the RBI. It appears to me that the PayPal is non-banking activity in India. The RBI suspect such activity .
It is in your interest that any money to be transferred intenationally through authorised channel only.

There is one website whose link is http://www.paypalwarning.com/ ,discuss problem related with the PayPal. Any person is able to share his knowledge about using PayPal service to remove doubt will be welcome!