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by shri_krishna
1111 days ago
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It is really easy to tackle this problem. Do what the RBI (Reserve Bank of India) did and create a policy whereby PayPal has to payout funds to customers attached bank account in 1 day. RBI banned PayPal from holding funds. And not just PayPal but Stripe and every payment processor out there (unless you are using a MOR then this rule currently does not apply). Since implementation of this rule, PayPal and Stripe are forced payout funds every day for all funds collected from customers throughout the day. They cannot hold any funds. Once payout is initiated, it may take 3-5 working days for the funds to be realized in the account (which I blame SWIFT for being so damn slow). |
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