Ebay Inc (EBAY)
Want to sell your old stuff or buy a rare item online? EBay is the place to go. You can find anything and everything for sale and you can even set up your own side business if you want. It also owns PayPal, which has become a way to pay for things online. Don't forget about EBay-owned Skype, either - it lets you make phone calls around the world via your computer.
PayPal halts certain payment transactions in India
SAN JOSE, Calif. (AP) - The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.
A spokesman for the service said Saturday that "personal payments" to and from India are being blocked. Transfers to banks in India are being suspended as well.
The spokesman, Anuj Nayar, said PayPal is taking the step while it answers questions that have arisen about the service. He declined to elaborate.
Nayar said the suspensions began Jan. 28. He wrote in a blog post that PayPal, which is owned by eBay Inc., hopes "to resolve the situation as quickly as possible."
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PayPal blog post:
http://bit.ly/cSzjF0
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