PayPal raised the per transaction limit to $3000

October 14th, 2011

Today, PayPal India has raised the transaction limit per transaction to $3000. This comes as a big relief for people who were doing single large transactions. Finally RBI has woken up and understood that we cannot do business with such restrictions in place. However this is still valid only on cross border transactions and not for within India. We are still waiting on the day when PayPal payment with India is ok’d by RBI, this will help thousands of merchants and promote e-commerce growth in India.

Comments

  1. Suresh P October 23rd, 2011

    Wow what a big relief.

    If this happens it will be a great step taken by RBI and all IM’s can do better in INDIA.

    Thanks for the post.
    Suresh

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