It appears the PayPal drama is garnering a fair bit of attention at the moment. Indian PayPal account holders have a withdrawal limitation of $2500 at the moment. Now the strange part is some people are complaining that in their PayPal accounts, this limitation is almost like a yearly limitation but that could be a default setting. Others have agreed that it’s a monthly limitation. This PayPal secret will unfold only once July ends.

It would be wiser to check the PayPal limitation once the month of August, 2010 begins. Most who’re checking their PayPal check/cheque withdrawal limits at the moment find that they can’t withdraw $2,500 and have lower limits. This can be attributed to the fact that all PayPal NEFT transactions made for the month have been deducted from the $2,500 limit. As such, if you have withdrawn PayPal funds via NEFT to the tune of $1,500, your check/cheque withdrawal amount will now show up as $1,000.

The PayPal check/cheque withdrawal limit should again reflect as $2,500 in August, 2010 but that’s yet to be seen. This is a decent PayPal limitation for most of us but it appears that such a limitation is shaping up as a tight noose for those doing big business. It’s not a crime to earn more money, so PayPal limitations must be assessed.

The reason we’re discussing this is because the PayPal NEFT withdrawal limitation may not be withdrawn overnight, and people may need to start considering PayPal check/cheque withdrawals.

Furthermore there’s another PayPal clause keeping the rumor mills active. Please be reminded that any payments received into your PayPal account from the export of goods and services cannot be re-used for making purchases or any other payments. I’m yet to find out more about this, and will update this space once I chance upon any PayPal updates.