Paypal India : money transfer suspended
Paypal has blocked all payments to and from India.
Money transfer to India being one of the major issue of Indians from decades was worsened yet by the blocking of all Paypal transactions to and from India.
A few paypal account holders payments have been returned to the payee’s while a few have received an email that the money transfer will take time to reflect in the bank accounts.
Paypal online money transfer facility was one of the easiest ways of money transfer to all IT experts and other freelancers.This move from Paypal which is not only blocking all their money transfer but also not letting the Indian account holders the basic withdrawal facility has given a major shock to many Indians,.
Mr Anuj Nayar the spokesman of Paypal said that the blocking started on 28th Jan 2010. Paypal owned by the famous E-bay Inc is working to resolve the current situations in “the shortest span of time.”
The situation has continued now for a week and no resolution is in sight. Paypal is not revealing any date on the release of the payments of the Indian accounts holders.
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10/02/2010
I have to suffer a lot of loss with this decision from Paypal…
22/02/2010
very nice post
30/07/2010
A new fact about Pay Pal :
I applied for a charity account with Pay pal because its free and supported by vbulletin software for payment subscription, I have all the documents like NGO Registration certificate, Memorandum of Society, Society PAN card, and the Bank details , bank details were verified by the Pay Pal by depositing amount of Rs. 2 and 40 paisa, after submitting all the document as per said in their website and in their emails, they denied me for the account, just because they have no tie-up with India regarding charity account, what the hell is this, why the pay pal people should not mention at the time sign up process. I have wasted around 1000/- rs in doing fax to pay pal and after 4-5 days they denied.
Don’t apply for a charity account with pay pal if you are living in India. Just wastage of time and money.