PayPal told to end personal money transfer

[lemon_seqzz]

No more fund transfer...
How to buy watch from oversee now?
Source:
http://www.singaporelawwatch.sg/slw/...money-transfer

[pegasi]

Make sense to me. As in all new rules, it will affect people who use it for proper cause, but is necessary to plug the gap.

For your question I would say support local sellers/forums

[lhjake]

If I am not mistaken, para 3 of given article said that a shopper can used paypal to do shopping with internet merchants. The new ruling however does not permit money transfer in the form of donation or money transfer with no inherent commercial/trade backing.

[triton]

user can still use paypal to buy goods and/or services from internet merchants.

first conspiracy theory is to prevent money laundering?

second conspiracy theory is to collect GST?

[pegasi]

If I am not mistaken, para 3 of given article said that a shopper can used paypal to do shopping with internet merchants. The new ruling however does not permit money transfer in the form of donation or money transfer with no inherent commercial/trade backing.

user can still use paypal to buy goods and/or services from internet merchants.

Correct.

I assume TS concern/question refers to buying from individual sellers based overseas via eBay and overseas forums such as WUS.

[lemon_seqzz]

You are "very" right!
I'm purchasing a watch from WUS, trying to pay by paypal.
But with this new rule, I can't pay him.
I'm also purchasing a SS Shroud from Yobokies. But again how to pay without paypal?..
Some items are not available in Singapore...

Correct.

I assume TS concern/question refers to buying from individual sellers based overseas via eBay and overseas forums such as WUS.

[lunarin79]

Payment can still be made except you cannot pay under Gift(Personal) anymore

so seller will need to absorb the 3-4% PP fee

Some sellers will ask buyers to include the 3-4% fee if making payment via Paypal.

[Darkangel]

Most likely due to money laundering and also earn more $$$