May indian paypal users have been complaining that paypal withdrawal initiated between Jan 27 to Feb 3, 2010 have been subjected to delay and funds not credited in their indian bank accounts.
Infact, there has been a huge discussion thread in Digitalpoint forums talked about the same issue.
Paypal did issue email notification saying that there has been a issue with indian bank withdrawals.
Dear xxxxxxxxx xxxxxxxxx,
We are currently experiencing an issue processing withdrawals to Indian bank
accounts. As a result, there may be some delay in withdrawals from your PayPal account to your bank account.We apologize for any inconvenience this has caused, and are doing all we can to
resolve the issue.Thank You,
PayPal
Although the exact reason for the problem is unknown, there has been reports paypal is reversing payments done from/to indian personal accounts without valid address or as a gift. Many users got their payments reversed and was notified with this email.
PayPal Notification: Reversed Transaction
Your payment of xxx has been sent back to the sender of the payment.
We reversed this payment because we have stopped allowing personal payments to be sent to or from India.
If this was a payment for a purchase of goods or services, and not a personal payment, then you may contact the buyer and have him or her resend the payment as follows: (a) click the Send Money tab, (b) select “Goods,” and (c) provide a shipping address.
If this payment was a personal payment such as a gift, then we have requested that the sender find another payment method until we restore personal payments to and from India.
We are trying to resolve this issue as quickly as possible and we’re sorry for any inconvenience.
Update:
Here is the official paypal news we have been all waiting for…
Source: https://www.thepaypalblog.com/2010/0…tion-in-india/
1. Why did you suspend local bank transfers and personal payments to and from India?
We temporarily suspended these services to respond to enquiries from the Indian regulators, specifically questions on whether personal payments constitute remittances into India.
We’re working with the regulators and our bank processing partners in India to get this resolved as quickly as we can. We realize that this is causing considerable inconvenience to our customers and I want to reassure you that this is a top priority for the leadership at PayPal
2. When will personal payments be turned back on?
The regulators recently let PayPal know about revised licensing rules that we are now actively engaged in securing. Personal payments to and from India will be suspended for at least a few months until we fully resolve the questions from the Indian regulators.
3. When will local bank withdrawals be available?
Customers should be able to withdraw their funds to a local bank within the next few days. In the meantime, we’re going to restore the money into the PayPal accounts of any customers in India who have initiated a recent withdrawal, so they know that the money is safe in their accounts. Customers will also be reimbursed for any withdrawal fee charges.
4.The PayPal reversal has left me with a negative balance. What shall I do?
If you bought something or transferred money out of your PayPal account to your bank account before we reversed the payment then you may be left with a negative balance.
If this was a payment for a purchase of goods or services, you should contact the sender and have him or her resend the payment as follows:
(a) click the Send Money tab, and
(b) select “purchase.”
If this was a personal payment, then the sender will need to find another payment method until we restore the service. We’re sorry about this.
If you can’t recover the funds from the sender, you can bring your PayPal balance current by logging in to the PayPal account and clicking the “Resolve Negative Balance” link on the Account Overview page.
5. My payment was reversed but it was not a personal payment. What happened?
Only personal payments should have been reversed. Customers who believe that their payments were reversed in error should request that the payment be sent again by following the steps above (click the Send Money tab and select “purchase.”)
If you are still having problems, please contact PayPal customer support
I hope that this helps clear up some of the confusion around the situation in India and I’d like to take the opportunity to personally apologize on behalf of PayPal for the inconvenience that this is causing our customers.
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February 5, 2010
What is the aternative arrangement other than paypal?
February 19, 2010
Xoom.com
February 5, 2010
I have the same problem. I withdrawed $175 to my icici bank accound on 27/01/2010. I didn’t get the payment yet. What can i do. How can i contact Paypal
February 5, 2010
hi friends,
don’t worry, Paypal is a great institution.
Very soon all payments would be credited into the respective accounts.
Thanks
February 18, 2010
Holalalala,
I withdrew 7500 euros(equivalent of 460000 INR)in three transactions two weeks back, not aware of the present situation of Paypal with India Banks.
And now i am in trouble. I dont know wheather this is a total loss.
Is Paypal still reliable ?
Will i get my money sooner or later ?
Please give me some feedback with your experiences or awareness.
Will be grateful to you.
Thanks
Rahul
February 5, 2010
I too have same problem. I have withdrawn $130 on 27th january and not received yet (syndicate bank)
February 5, 2010
I also withdrawed two payments amounting about Rs.25,000/- on abaout ten days back still the payment has not credited into my hdfc bak account.Iam feeling very hard due to this issue.
February 6, 2010
I am also facing this problem. its over 15 days and i did not get amount in my bank account. i am very worried about this. i believe paypal. but i am thinking that. will i get my money or not.
Thanks!
February 7, 2010
when the problem will solve??
February 7, 2010
This is ridiculous …….. I initiated withdrawal to my SBI account – Of US$ 1250, on 29th Of Jan, 2010, and I’m still looking for funds to be credited to my bank account. I called Paypal several times on this number: +1-402-935-2050, but each time they respond that they do not have a certain time-frame for resolution of this issue. Neither Paypal is transferring the funds to my bank account, nor its returning the same to my Paypal account. ITS UTTER FRUSTRATING!!!
February 8, 2010
I have withdrawn some Rs. 19,300/- to my HDFC Bank account on 6th of Feb. & it got completed on 7th of Feb.!!! Still today as on 8th of Feb. I’ve not received my money yet into my Bank Account. Can anyone please tell me when this “Hartaal” of PayPal will end =((.
February 8, 2010
I’m facing the same issue. Paypal reversed back my 5 payments all ready.
February 8, 2010
I am also facing the same problem, I had initiated withdrawal to my Bank Of India account of Rs.20596 on 1st Feb.. but still not received any Funds in my account. Neither have I got any notification from Paypal.
Is paypal going to give me my funds or It will consume it…? Is Paypal Fraud?….
If any one has any update please help!!
If paypal listening to this.. please respond.
February 9, 2010
This is ridiculous i am facing problem in getting money. my lot of work got affected with this money. i have transfer 395$ on 26th which i have n’t received its 9 feb now….how many dayes it will take more…..i read in artical Why the paypal not submitting their records to RBI at proper time… This is their fault That RBI has returned all the NEFT funds back to paypal due to inability of paypal in producing the records…………Further i want to tranfer more but the issue is not resolving…….
February 11, 2010
Hi Guys,
I am also facing the same problem, This problem is effecting my business a lot and i have to pay salary to my employees however i am not able to do that as i am not able to widraw money to my bank account.
Can anybody let me know when this problem will get resolved…
Bhanu Chauhan
9718482293
February 12, 2010
for latest updates visit :- http://paypalindianoutrage.blogspot.com/ and post ur queries in help desk.
February 17, 2010
I am an ebay seller and coz of this problem my business is over now. So many bad feedback of items not recieved. I withdraw the money many times but no success. I didnt had money to pay my rent or ship the items. I am in real trouble like never coz of paypal.
February 17, 2010
When the problem is solved???
I have some funds in paypal and I coud not transfar my money in India. Is there any other way?
February 18, 2010
I think by the end of this feb, paypal should start bank withdrawals. However as of now you can use check, xoom or visa card withdrawal.
February 20, 2010
when i will get my small 2 deposit from paypal to bank account to verify my bank confirmation.
Thanking You
Your regards
S.Sudesh
February 24, 2010
Hi,
We all are having the same problem. I asked to paypal about when will this issue get solved. They answered like “We can’t give you exact date to solve this issue. Sorry for Inconvenience.” This is what they answered.
Only God knows. Anyway our funds will not go anywhere. We will get it soon. Think positive.
Thanks,
Vinod
February 24, 2010
Friends, You just take a look at this website.
http://www.thinkdigit.com/forum/archive/index.php/t-109981.html
Here last year same problem raised on feb 2009. Problem got solved by March 2009. So probably we all get our funds by next month march 2010.
February 25, 2010
Paypal completely showing worse attitude towards India.
February 27, 2010
Problem solved see here http://s2sgateway.com/?p=417