Anyone else got the email alert after withdrawal (Indian Paypal Users) ??

OMG

this is too bad


seems
Either they have problem with RBI

OR

Software

no other chance


Sri

 

Yesterday I paid for name cheap and there is no reversal. Just gave a try to see what will happen and brought a domain. I was thinking that we can do nothing with paypal at present but could see one option....... Happy for that at least.
I have $5.76 in my account now.... will make it ZERO and will switch to another payment processor.

Since 4 days i was sitting idle with out doing any business.... don't know how many days this gonna be... so lets switch to anything else rather than wasting time....

Alertpay is good...
did several transactions before and had a check once (but it has taken 20 days to get it)
They do not have support to Indian banks if not it will surely be the best alternative to paypal.

I am trying out moneybookers now....
should see how it goes...

 

Hi Sri,

Again, I am not sure. One thing can be configured that if its a matter with RBI or INDIAN Gov then it will take time as I hope you know our Governing body. They are too late to respond.

Cheers,

 

Where on Techcrunch does it say that. I have looked into the techcrunch post and I do not see any such official declaration.

Refrain from posting such baseless rumours. If you do not have something constructive to add just keep mum.

 

I’ve been following this thread since it started and I’m little disappointed to see the quality of posts except a few good exceptions.

If you want to be treated like professionals then be professional in your correspondence else nobody is going to take you seriously. Period.

Please refrain from making off-topic comments ( there’re tons of them thro’out this thread ) and lame jokes under the excuse that you are stressed so trying to crack a joke. It only shows you in poor light ( unprofessional? )


It’s 100% Paypal’s fault that they have effected such dramatic step overnight without any prior notice whatsoever.

It is certainly not a technical glitch ( they don’t use PHP so don’t show your looping / OOP skills – every developer worth his salt knows coding already )

It appears more of either tax ( Pan No ) / NEFT / IFSC related statutory compliance issue which Paypal has failed to adhere to thereby RBI disallowing clearance ( and hence the paypal secrecy from their end )


I recollect seeing an article mentioned in this thread which talked about RBI official denying any issue from there end, But the article has not mentioned the name & designation of the RBI source quoted and hence IMHO, it does not seem to be trustworthy.

Regarding Media:

IMHO, the right channels to contact would be those related to finance ( CNBC TV 18, Zee Business, ET Now, Bloomrang, etc )

The parent body of Indian IT is NASSCOM & more than anyone else, a management cadre person there can guide us better if we can pitch this as a plight of “unorganized ITES ( IT Enabled Services )” sector.

Resources Summary:

Techcrunch article: http://www.techcrunch.com/2010/02/05/paypal-halts-india/

Paypal Blog:https://www.thepaypalblog.com/2010/02/personal-payments-and-local-bank-transfers-in-india/

RBI circular stating that NEFT can not be used for Foreign Inward Remittance ( ref: point #17

http://www.rbi.org.in/Scripts/FAQView.aspx?Id=60


Rentacoder’s Sitewide Message:
“Site Wide Message: (current site time 2/7/2010 9:33:31 AM EDT)
Attention Indian coders who were paid via PayPal this payment period: PayPal is experiencing internal issues with payments to India. We sent all payments to them by Thursday February 4th (in the same manner we have done every month prior). Thursday 67 Indian PayPal users received an email from PayPal stating "We reversed this payment because we have stopped allowing personal payments to be sent to or from India. "...despite the fact that the payments were not sent in this manner. Unfortunately today PayPal reversed an additional 137 payments (this time supposedly because of the shipping address). We are working with our PayPal rep and have escalated this issue to PayPal management, to determine if there is any way we can send these through PayPal. However, if we cannot, we may have to ask you to switch to another payment method. We will let you know more once we find out more.

Freelancer.com CEO’s comment on Techcrunch Blog :
“Hi there,
I’m the CEO of Freelancer.com. We were just as surprised as you about this issue with Paypal India. Our payments are commercial transactions so should not have been reversed. We are in contact with Paypal and trying to get this rectified ASAP. In the meantime, please contact our support desk if your payment hasn’t been credited back to your account yet. We are hoping all will be fine this week. Alternately you might look at registering a Moneybookers or Payoneer account as a backup plan. Failing that we can wire transfer to your account in India.
Regards
Matt Barrie
Chief Executive
Freelancer.com”

Odesk Support Thread for Payapal India Outage issue:
http://www.odesk.com/community/node/10252

Elance Post on Paypal India Outage issue:
http://help.elance.com/forums/30972/entries/108402

NASSCOM offices:

Delhi:

International Youth Centre
Teen Murti Marg
Chanakyapuri
New Delhi 110 021
Phone: 91-11- 2301 0199
Fax: 91-11- 2301 5452


Mumbai:

Samruddhi Venture Park
Ground Floor, Office # 14-15
Central MIDC Road
Andheri East
Mumbai 400 093
Phone: 91-22- 2823 4844/51
Fax: 91-22- 2836 1576



Bangalore

607,5th Floor, Oxford Towers,
Airport Road, Kodihalli
Bangalore 560 008
Phone: 91-80- 4115 1705-706
Fax: 91-80- 41151707


Hyderabad

Unit 105, 1st Floor,
Maximus 2B,
Raheja MindSpace,
Madhapur,
Hyderabad 500082
Phone: 91-40- 6636 6111/222/333 4025 1616
Fax: 91-40- 6636 6333



Chennai
Ameen Manor
Flat G1, Ground Floor
138, Nungambakkam High Road
Near Indian Oil Corporation
Nungambakkam
Chennai 600 034
Phone: 91-44- 4232 7171/7272


Pune
B Wing, 5th Floor,
MCCIA Trade Tower,
International Convention Centre Complex,
Senapati Bapat Road,
Pune – 411016
TeleFax – 020 25630415



Kolkata
Module No: 414, 3rd floor, STP Complex,
SDF Building,
Sector-V,
Bidhannagar,
Kolkata-700 091
Phone: 91-33- 4400 6966
Fax: 91-33- 4400 6963

CNBC India
TELEVISION EIGHTEEN INDIA LIMITED
CNBC TV18/ CNBC Awaaz
New Delhi: B-2, Kailash Apartment,
Lala Lajpat Rai Marg, New Delhi - 110 048,
India.
Mumbai: Empire Complex, Ist Floor,
414, Senapati Bapat Marg, Lower Parel,
Mumbai - 400 013.
Tel: +91 (022) - 5666 7777 / 5650 9598
Fax: +91 (022) - 5661 8980

www.tv18online.com

Times Now
Times Global Broadcasting Company Ltd
Mumbai: Trade House, Kamala Mills Compound,
Senapati Bapat Marg Mumbai – 400013
Tel:- +91 - 22 - 24990373 / 24999944
Fax - +91 - 22 – 24931341

AAJ TAK
TV TODAY NETWORK LIMITED
Headlines Today/ Tez
New Delhi: 8th Floor, Videocon Tower E-1, Jhandewalan Extension
New Delhi - 110 055
Ph: (011) 23684888, 23684878
Fax: (011) 23684895
Mumbai:Trade Centre, 2nd Floor Kamala City, Senapati Bapat Marg Lower Parel,
Mumbai-400013
Tel:+91 (022) -24983355, 24981693
Fax: +91 (022) -24981610
www.aajtak.com

CNN-IBN
Global Broadcast News Ltd.
Noida: Plot No. 15-16, Sector-16A, Noida, Uttar Pradesh, India - 201301
Tel : +91-0120-5341818, 3987777, Fax: 0120-5324106
www.ibnlive.com

ZEE BUSINESS NEWS
ZeeNews.com
Essel Studio, FC-19, Sector 16-A, Noida - 201301, India
Phone: 91-0120- 2511064 - 76
Send e-mail to : inews@zeenetwork.com

This DP thread needs to rank in Google for PAYPAL INDIA – I was surprised that it was not even submitted to Digg yet.

Lets bring it to Digg Front Page so that it can be picked up by wider media http://digg.com/tech_news/Paypal_India_Outage ( the link will lead to this DP thread )


( p.s: thanks ifreakz, ria & few others for making actually useful posts )

 

Hi Dear,

Thats why I mentioned that I am not that sure. Everything has been rumors till now .

We cant find out any proper info regarding this matter.

Cheers,

 

@ifreakz

Great Job!!! Well Done...

The recording was perfect...
Update:

They have confessed having technical issues from 27th January... They have assured that we will get the money but they need to work it out with the banks...Paypal is requesting us to wait till Tuesday/Thursday or 3 to 5 business days..to get this issue resolved...But they are not revealing the specific details of the issue..They have promised to send an e-mail to users next week..

 

oh my god march ...!!
panickd what will i do till than great loss to all even paypal too...!!
i dont think so it will take too long after all paypal does bussiness and such a heavy loss will not be afforded by paypal too..!!

 

hmm... well said.

I partially believe its not RBI fault, this is also true

I wonder how come these "looters" can send cores to Swiss bank, and why RBI don't do anything.

 

That's what all this mess is all about.

A lot of money laundering is happening in the name of software exports and services.

 

They generally send it illegally through a system that has been designed, and is controlled by some people. (obviously, with support from influencing persons)

This is popularly known as "Hawaala" (हवाला) transfers - Sorry, there is no proper English term for that.

 

every indian will get 1 million rupees, if they do this

 

money laundering is the word.

 

For most of part terrorists use the fake currency, they get printed from their pakistani printing press and use it here. why do they need something soooo long as paypal?

 

paypal has introduced a one day transfer in the UK.It's fantastic

 

i am worried abt the withdrawal i made on 3rd if Feb. the paypal account shows transaction complete. the funds have not reached my bank account yet. I have been waiting patiently now for quite a few days.

The werid art is the money tht got reversed . the buyer has received the notification about the reversal but the money has not reached his paypal account and it has been reversed from mine.

 

Thank goodness I did not withdraw before I got to know about this. The question now is whether or not I should continue receiving money in my PayPal account? I have quite an amount accumulating there. It scares me now.

 

Hi lostpoet,
I think the smart thing to do for you right now (if you want the money tht you have on paypal) would be to request a cheque rather than withdraw money. But then again as there are problems pls make sure you confirm this before hand

 

I recommend using XOOM/2CO for withdrawing money from PayPal if you need it urgently.(considering both have high charges).

I have requested money via XOOM today and I will update once I receive it in my account.