PayPal Blocks Personal Transactions In India
If you’re a freelancer in India accepting funds via PayPal, this news may have a huge impact on you.
From the official PayPal blog:
“…personal payments to and from India and transfers to local banks in India have been suspended…”
Evidently, the news has attracted enough attention to force an update on the situation. In some ways, this could be related to how many beneficiaries actually declare and pay tax on the funds they earn via PayPal and other such sources.
Ajith Prasad at Dollar$hower reckons Making Money Online in India gets tougher.
Do you have alternate ways to keep the money coming in? Or would you wait for things to get settled?