What Happen If We Do Not Withdraw Money From PayPal Within 7 Working Days? This is a big question in Indian PayPal users mind. This is a unanswered question from PayPal side.

Recently on 1st March 2011, PayPal impose a user agreement on Indian PayPal user. According to the new Terms, Indian PayPal user must have to withdraw their balance in PayPal within 7 days of received it.

What Happen If We Do Not Withdraw Money From PayPal Within 7 Working Days :

PayPal simply not replied to this question.But according to the PayPal users from India, PayPal allow withdraw of money after 7 days of received it without any penalty. It is assumed that PayPal impose this terms to compliance with RBI policy, but not actually implement it for user interest.

Please click here to get the update.

A group of Hackers shut down popular MasterCard website www.mastercard.com for few hours. Hackers actually teach MasterCard a lesson for stop handling donation to WikiLeaks.
Recently MasterCard stop handling all donation payment to WikiLeaks for bowing down to Government pressure. Hacker implement a DDoS attack on MasterCard website. Hackers group called Anonymous claimed in Twitter regarding the attack. They update in Twitter: “We are glad to tell you that mastercard.com is down and it’s confirmed.” & ““There are some things WikiLeaks can’t do. For everything else, there’s Operation Payback.”

They also attacked PayPal.com & the Swiss bank website yesterday.

eBay recently launched Cashback program called eBay Bucks. eBay recently announced to pay back all customer purchasing from eBay using PayPal as a payment option. The consumer have to redeem these earned eBay bucks towards another purchase in eBay marketplace.

Details of eBay Cash Back Offer – eBay Bucks Cashback Rewards Program Review:

Advantage Of eBay Cash Back Program:

• eBay consumer earn 2 percent cash back on most  item purchased through PayPal wesbite.
• Consumers can earn eBay Bucks made both on eBay website and via its many mobile apps
• eBay bucks is accumulated during 3 month period & after that eBay issue a eBay Bucks certificate to consumers

Limitation Of eBay Cash Back program :

• This eBay Cash Back program is exclusively for US consumer
• eBay only gift eBay Bucks when purchased using PayPal
• eBay Bucks program excludes all purchases from Classifieds, Business & Industrial Capital Equipment, Real Estate, and eBay Motors categories (except Parts & Accessories in eBay Motors)
• Consumer need to redeem the earned eBay Bucks within 30 days of issue

PayPal mailed new outrage notice to Indian PayPal user. PayPal notified Indian PayPal user that PayPal stopped Bank Withdrawal Facility In India again from 1st August. In 28th July 2010, PayPal declared to stop all electronic withdrawal In India From 1st August.

Details of PayPal Outrage In India :

• No PayPal Bank Withdrawal Facility available after 28th July 2010 in India
• PayPal officially announced to stop all electronic withdrawal In India From 1st August
• Indian PayPal user can only withdraw using check
• PayPal refund the check processing fee ( $5) to Indian PayPal user
• PayPal called the issue as outrage & they are trying to resolve the issue.
• PayPal work tirelessly to resolve this situation as quickly as possible.

Here is the screenshot of PayPal email:

Update:  PayPal again announced to continue electronic withdrawal In India from 30 July 2010. Paypal refund the check issued after 29 July till the further notice for Indian PayPal user.

ICICI Bank provide online money transfer facility/Remittance for NRI . ICICI Money2India provide a paper less money transfer service which enables you to send money directly from your bank account in USA to your beneficiary in India with a nominal charge.

Specification Of ICICI Money2India:

• ICICI Money2India use US Automated Clearing House (ACH) network to directly transfer money
• Most Secure online money transfer facility.

Benefits Of ICICI Money2India:

• ICICI Money2India money transfer facility is completely online process. Transferred cash will be directly deposited to beneficiary account.
• You can track ICICI Money2India process online
• ICICI Money2India provide automatic recurring money transfer – You can transfer funds automatically at regular intervals
• ICICI Money2India provide the highest sending limit. You can transfer upto $7500 everyday
• ICICI Money2India provide predefined fixed exchange rate. Exchange rate is comparatively good than other money transfer agency.Click here to see the current exchange rate.

Charge of ICICI Money2India:

• ICICI Money2India charge very minimal of $2 upto $1000 transfer & no fee for above $1000
• INR 25 will be deducted as Foreign currency conversion charge
• INR 25 will be deducted from the amount to be paid to the beneficiary

Are you want to use ICICI Money2India ? Click here to register now.

Still in doubt? Want more details of ICICI Money2India- Click here .

Good News to iPhone user. iPhone user is now able to deposit/transfer money instantly from his mobile.Below we provide a review of this new ATM feature of iPhone.

New Feature OF iPhone:

• iPhone has the feature of new ATM system at Chase Bank
• User can deposit a check & iPhone ATM system will scan its both side
• User can check him bank balance at any time
• User can directly deposit money to his/her Chase bank account
• iPhone provide this ATM service free of cost to its user
• Person to Person Quickpay feature is enabled.User can send money to other user Chase bank account instantly using only Email Id

Limitation Of New ATM Feature Of iPhone:

• iPhone user can not withdraw money from Chase Bank account with iPhone ATM feature

PayPal recently provide quick withdrawal in Indian Bank account. Indian PayPal user can withdraw there money to bank account more faster than before. In past, it require 7-8 days to reflect the money in Indian bank account from PayPal. But now Indian PayPal user can withdraw there PayPal fund to Indian PayPal account in 4-5 days.
This facility help Indian PayPal user a lots. Now Indian payPal user can use the web business more quickly than before.

Recently PayPal asking for PAN number to update Indian user PayPal account. Indian PayPal user must enter PAN Card number before peep into their PayPal account. After 1 month long PayPal nightmare in Indian,PayPal resumed withdrawal to Indian Bank account from 3rd march. Still RBI want to control the foreign cash flow to India & want to impose income tax on the earned amount. As per RBI guideline, now PayPal need to collect Pan Card number from Indian PayPal user & update in the records so that Indian regulator can track the source of money from foreign.

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Google now in online payment system war.Google is developing a online Payment System Gateway for receiving & sending payment online. It can be a great rival of ebay owned PayPal.

In past,Yahoo was the best free email service provider,But as soon as google launced Gmail – They beat yahoo.So it is expected that Google Payment solution will beat PayPal.Till now PayPal is the top & best payment solution.But google trying to capture market by all possible way.