In this short write up, I can only talk about PayPal transactions that are being reversed in India. Everybody needs to be less shocked and more responsible. This had to happen because too many people were receiving payments for services ( online jobs) and goods as gifts. It’s called cheating the Indian government because gifts can’t be taxed. Of course, the loopholes didn’t get exploited right at the start when most Indians began using PayPal towards the end of 2007.

Ever since, people got greedy and started taking every payment as a gift so now RBI isn’t happy at having lost on taxable dollars. As of now, PayPal has removed personal payment options, etc., so you can’t send or receive gifts, and hopefully your PayPal payments will not be reversed now. However, there is no clear indication regarding what is going to happen next.