Is this another new problem? Many indians including me did a bank withdrawal on April 7th and we are still seeing the “pending” status and it has been 3 days. It usually takes about 24hrs for the status to get completed and this is quite unusual. Everybody is so converned and worried about another paypal outage.
I have read somewhere a newspaper article saying that “Paypal problems still not over with RBI and paypal was given a deadline of Apr 30, 2010 to respond to RBI.”
Added to this, there is still panic among Indian paypal users and many received an email like this. Although i think, this could be a phishing email, or chances are there that it could be genuine. Still no official word from paypal yet!
In compliance with Indian regulations, if you are selling products and services to customers globally, please review the following important information:
• Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days.
• While making the withdrawal please make sure you select the purpose code that best fits your business.
• Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.
• If you would like to make purchases on any website that accepts PayPal, you can continue to use any credit card issued by a bank in India.
For any questions, please reach out to our customer support teams by following the steps below:
1. Log into your PayPal account
2. Click “Contact Us” at the bottom of the page
3. Click on “Send Us” an email or “Call Us” to reach us by phoneWe cannot thank you enough for your continued attention and patience.
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April 11, 2010
Please let me know your status. I am also in the same situation. Just got you in google.
I have given my email id too.
Thank you,
April 16, 2010
Hi Guys,
I have also done to withdrawals one on 9th april and the other on 11th april, I got the funds in my bank for 11th transaction but it was pending for 9th. After calling them 3 times they said the purpose code used was wrong and they reversed the amount and then asked me to do the withdrwal, which i did while talking to them on the phone yesterday ie 15th april. They said now they are not seeing any issue and i will get the funds, today morning i have seen the status and it still says pending donno what will happen now.
This paypal is giving a really tough time to all of us, we should raise a voice and need to do something about it quickly and its better to shift to alternative resources.
Regards,
SV
April 17, 2010
What is the status for others. I withdrawn money on 7th and it is still not in my account. Withdrawal status is showing as pending. Paypal sucks a big time.
April 17, 2010
Hi,
I am having the same problem. I did a withdrawal on april 8th and still the status is pending in paypal. It s more than 10 days. Let me know if you got the money and what you did. Should I call them. Please let me know whether to wait it out.
April 18, 2010
Hi,I am having the same problem.. I withdraw money on 8th April and status is still pending.. I tried to contact paypal 4 times, but every time I got following response.
Upon checking your account it shows here that the withdrawal is still in
‘pending’ status.
We are aware of this issue and I sincerely regret the inconvenience it
has caused you.
Your PayPal balance must be withdrawn to your Indian bank account within
30 days of receipt of the funds. You can still use your credit card for
purchases on websites that accept PayPal.
I am fulltime freelancer and completely depend on paypal. I regularly pay TAX but don’t know why RBI and paypal is making my life difficult.
…..
April 18, 2010
Just writing or blogging about it will not raise a hair on these Fu****ers.
What we have to do is form a group and contact their office branch in india to raise an alarm.
enough is enough! i needed urgent withdrawls this month for my wife’s operation and it is still pending for last 15 days!!!
April 18, 2010
Some withdrawals are going fine as they used to be but some payments are showing pending. PayPal sucks!
April 19, 2010
Just wait for 14 days and paypal will do something. They either auto cancel the withdrawals or will complete it. You should remember that it will take 14 days for paypal to trace the problem and then fix it.
April 19, 2010
I also want to blame RBI, what’s their problem? we are the only country who is experiencing this because of our stupid banking system.. do you know someone from RBI?
April 25, 2010
They reversed my payment in paypal account and on widraw again I got my payment in bank account. Now I have completely closed my paypal account. F**K Paypal