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EcommerceBytes-NewsFlash, Number 2784 - April 17, 2012 - ISSN 1539-5065    3 of 4

eBay and PayPal to Help Sellers in India Export Goods

By Ina Steiner
EcommerceBytes.com
April 17, 2012




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eBay and PayPal announced an agreement with an Indian organization in which they will help businesses in India export their goods. eBay India and PayPal India signed a memorandum of understanding with the Federation of Indian Export Organisations (FIEO), an apex body of Indian exporters set-up by the Ministry of Commerce, Government of India, in order to promote retail cross-border exports via ecommerce in India.

As part of the agreement, PayPal and eBay India along with the FIEO will conduct webinars, seminars and workshops to educate Indian exporters on tools, incentives and best practices for successfully conducting overseas trade via ecommerce.

Last year, PayPal was able to increase the limit exporters could receive into their PayPal accounts from $500 per transaction to $3,000 per transaction for the sale goods and services from international purchasers, a limitation set by the Reserve Bank of India.

In a blog post on Friday, PayPal wrote, "We have a shared vision with eBay India and FIEO to help Indian retail exporters go global and ultimately boost India's economic growth. We are working together to highlight the benefits of e-commerce for the Indian export sector and represent the challenges faced by retail online exporters with policy makers, relevant government bodies, and regulators."

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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