We recently blogged about the problems Indian Paypal users are facing in the wake of new RBI rules. We also discussed its repercussions on Freelancing in India. What I also figured out is that we Indians cannot make anymore Mass payments from Paypal.
Mass pay feature was one of best way to send money to friends and family in India without losing too much transaction fee and the ease with which Paypal Mass pay can be used added to it’s advantage !
After speaking to Paypal executives (you can call Paypal for free), there is no hopes of things coming back on track at any point in the near future ! I guess I should convert my Paypal Business account to Personal account, atleast that saves some transaction extra transaction fee 😉
End of my rant ! 😀