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RE: PayPal suspends service in India

tw808 13th Feb 2010

I am so thankful for Paypal. I have had other merchant accounts that were NOT as convenient, more expensive and not responsive. Any problem I've had Paypal has always helped with and cleared up immediately. I'll pay for that kind of support!

Its a tax write-off as well. But really for 3% and some change to harnest income from all around the world in many currencies is an awesome thing- esp. from Hawaii that is in the middle of nowhere.

If you are a business, you can apply for a debit card to directly withdraw your money from your account. Unfortunately, depositing is not as easy or quick.

It is sad that India is rejecting Paypal. But it isn't surprising since they have the ability to do their own kind of system. Their rejection probably includes distrust of American companies. Whether the rest of the world will shake hands with an independent payment processor from India is another story.

The investment into buildng infrastructure and developing markets in new or underserved countries/territories is a daring venture for Paypal. I give them credit for advancing even with anti-American sentiment so present in foreign countries.

I don't think India will accede.