I have seen that many many webmasters have been complaining about their paypal withdrawal not reaching to most of their indian bank accounts.
It appears to be those withdrawals initiated between Feb 19 to Feb 24 are facing the delay.
The issue has been discussed in digitalpoint forums with many many indian webmasters complaining.
Paypal is said to be aware of the issue and have sought 2 weeks so that they can do a trace and locate the exact problem.
I believe a similar incident last year delayed all visa credit card withdrawals and paypal quickly resolved the problem.
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March 5, 2009
It is a huge problem now even withdrawals initiated on 18 Feb have not come into Indian banks by 5th March. it is not just webmasters but all users of paypal based in India. What is painful and what makes all angry is paypal just does not bother to send any clarifications. People are now afraid that paypal is broke and will not send any money at all. That is a frightening situation.
March 5, 2009
Paypal is aware of the situation and i believe a glitch in their system causing this. They have asked for 14days to do a trace and after trace they will locate the exact problem. Just give them time.
March 5, 2009
I have made 2 withdrawals on Feb 19, but still no clue. I mailed to paypal team and the repy is
” Thank you for providing me the specifics of your impacted transaction. PayPal is aware of the situation and is working to resolve it as quickly as possible. We have an internal report on accounts that are affected and I have added your information to the report so that your specific concern can be addressed as part of the resolution of the matter.”
I wonder whats the problem
March 5, 2009
I was also having the same problem wherein money which was transferred on Feb 20th and has not reached my Indian Bank Account.
Paypal customer service is worst- they just keep routing here and there and finally they told it is a known problem and will be resolved within 7-10 days.
Lets hope for the Best.
February 3, 2010
Now its 2 FEB 2010, the same withdrawal problem to indian banks is popped up again. many indian users have been complaining of not receiving their money in their indian banks.
February 27, 2010
Recent issues with PayPal withdrawals to Indian Banks & more over payments just randomly being reversed back to the senders will have a deep impact on PayPal’s reputation. It raises so many questions like (THIS MIGHT CONTAIN SPOILERS):
A) Should we trust PayPal in future?
ANS: ABSOLUTELY NO
B) Are they really concerned about our Money?
ANS: ABSOLUTELY NO, After a long period of two weeks we receive an apology letter stating that “We are sorry we goofed up opps!”? and stuff like “Your money just got sacked since this is nothing serious to us we are just doing a drill of playing a game with your hard earned money”?
C) Is RBI responsible for this?
ANS: UNQUESTIONABLY MAYBE, So, Question is why this is happening in India and nowhere else? Question is why we are being kept behind curtains and dark? Question is why Moneybookers and other Payment systems are working but PayPal is not? you just want to exclude the RBI out of this since they are least concerned with us. Everyone failed here! RBI off course you cant expect them to give you a comforting truth so a comforting lie should suffice you! And PayPal Ow man no shit a multinational company failing to inform and notify of an issue of this magnitude. That was an AWESOME combination of pure frustrating, destroying trust & spreading chaos.
D) So what does PayPal tell us now?
ANS: “We are sorry, but your valuable to us so please give us another opportunity to goof up and play some more engaging games with your money” and “We just love to make more profits by giving you a pathetic exchange rate”
D) What now?
ANS: DTA (Don’t Trust Anyone) Get your sleeves up against them and find your own ways to get paid over any other medium that serves better, communicates better and keep them in plenty. If one fails other should work out.
Ive let all my clients know about this issue and advised them (in advance unlike PayPal) to switch over to some other Payment system which is reliable, responsible and does the main thing “ACTION” at PAR. The truth will probably be dead and berried RIP about what happened because the shame and disgust they bring upon themselves is apocalyptic now.