In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows: |
Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and
Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.
| Will my customers be able to complete their checkout with their PayPal account balance? |
We're glad that you offer PayPal to your customers. Unfortunately, we will not allow customers in India to send money from their PayPal account balance starting 1 March, 2011. This means that your customers will need to link a credit card to their account in before sending you money with PayPal. This change is to ensure that we continue to comply with the RBI Guidelines.
As far as I can interpret, it looks like if we have a CC, we can send payments across.
I've already sent them a support e-mail, so awaiting their reply now!