Do you have current or pending RAC payments tied up in PayPal that you can't receive now due to the RBI snafu? I may be able to help.
I am a rentacoder buyer who does a very substantial amount of business here, frequently also with coders in India (take a look at our history).
My Indian colleagues brought this huge issue to my attention. I am helping them out by re-transferring via Western Union. As you probably know Western Union is legitimately authorized to transfer cash anywhere in India.
My colleagues suggested that I should also assist others who are stuck in the same predicament.
Here's what I am thinking:
Transfer to my PayPal account and I will re-transmit back to you via Western Union, after deducting a service fee of: 10% + 3% (Paypal's xfer fee) + the actual WU fee (usually $15; I need to check rates for more than $1k).
So, for example if you have $1000 tied up, xfer to our account and we will use W.U. to send $855 back to you (approx 39330 Rs)
Let me know if you are interested. Please only respond if you are serious.
If there is enough serious interest for amounts over $500 I will go ahead and do this during the week after the current RAC disbursal cycle.
(I am currently in India and will be back to the US after 07-March)
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