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

Thank you for your patience while we work to address the issue of processing withdrawals to Indian bank accounts.

We expect to have this issue resolved within the next few days. In the meantime, we’re going to restore the amount of your recent withdrawal into your PayPal balance so that you can know your money is safe in your account. You should see the balance restored within 24 hours. In addition, you will see a reimbursement of any withdrawal fees charged. We will ensure that you are not adversely affected by currency fluctuations during the last week.

In your transaction log, you will soon see that your PayPal withdrawal request has been reversed. We ask that you wait to submit another bank withdrawal request until we have addressed the processing issue. We will contact you again in a few days with an update and, if the issue is resolved, you can initiate another withdrawal at that time. In the meantime, you will have the ability to spend your balance to purchase goods or services if you choose.

Again, we apologize for the inconvenience this has caused.

Thank You,

PayPal

 

Some reversed funds are re-issued without any problem. I think the problem remains only with wire transfer. The reseller club also issued a notice that they are not accepting wire transfer.

 

Just got this email from paypal!!

 

Am also sailing on the same boat don..Not yet received the money from paypal

 

so this is now what we called a gøød news...
Did they mentioned anything about the reversal of payments issue..??
Is it now solved..? Can i know request money from my clients..?

 

Well I guess PayPal now corrected problems to take and send money from PayPal. Now only issue at the moment is Payment Withdrawal only.

 

Guys,

If we go for Consumer Court in India. Would it be a better option?
I'm wondering why Indian media come into this issue yet.

 

Yeah if such issue will solve as soon as possible..then we will free from such type of threads ..lol

 

Hey can the Original Poster ( the guy who opened this thread ) edit his Opening post to include the link to the DIGG link ?

That way it can get more eyeballs & hence diggs.

( The Digg link is pointing back this digital point thread )

 

Well for your information, this thread's problem has been solved now. PayPal is working perfect as of now for online use!

 

nope nothing is mentioned about the reversals. The mail which I got 40 mins before talks only about the withdrawal issue. I am happy atleast they are now specifying the resolution time "next few days". They have also informed that the withdrawal funds would be reversed back to our account (with reimbursement of withdrawal charges if any).

 

Oh!

So No more Returning Payments to Client?

 

I have just received this message from PayPal:

Dear Anurag,

Thank you for your patience while we work to address the issue of processing withdrawals to Indian bank accounts.

We expect to have this issue resolved within the next few days. In the meantime, we’re going to restore the amount of your recent withdrawal into your PayPal balance so that you can know your money is safe in your account. You should see the balance restored within 24 hours. In addition, you will see a reimbursement of any withdrawal fees charged. We will ensure that you are not adversely affected by currency fluctuations during the last week.

In your transaction log, you will soon see that your PayPal withdrawal request has been reversed. We ask that you wait to submit another bank withdrawal request until we have addressed the processing issue. We will contact you again in a few days with an update and, if the issue is resolved, you can initiate another withdrawal at that time. In the meantime, you will have the ability to spend your balance to purchase goods or services if you choose.

Again, we apologize for the inconvenience this has caused.

Thank You,

PayPal

Seems like they are trying to resolve this as soon as possible...

 

Yes till yesday i have no reversals to clients i think this reversal problem solved, just waiting for withdrawal problem and i hope will be done soon...

 

No, PayPal restore their system and now no need to worry about it, Just start your business now.

 

I have transferred some money from paypal on 29th Jan 2010. My paypal status showing "completed" but I haven't received money yet in my A/C. I Contact paypal through email and got this mail from paypal.

Thank you for contacting PayPal.

Upon checking, Electronic transfers to your bank account usually take
5-7 business days to process. Holidays and weekends are not recognized
as business days for most banking facilities, which may result in a
delay in your banking transactions.

The status of your withdrawal is 'Completed', which means it has
completed through the PayPal system. Please note:

* PayPal has no control over the length of time it takes your bank
to post their credits, and we do not receive confirmation when your
credit has been received by your bank.
* Usually, if there is a problem with the transfer completing, it is
rejected back to PayPal and the funds are reversed back into the PayPal
account.
* At this time, this transaction has not been rejected back to us.
Therefore, we suggest that you contact your bank and ask to speak with
someone who works with Electronic Funds Transfers. This Department
should be able to verify that your deposit was received.
* If you are unable to locate the deposit at your bank, and the
status of the transaction is still listed as completed, we can initiate
a trace on these funds once 14 business days have passed. In this case,
please contact us and our Customer Service will provide all the
information to initiate the trace procedure.

I'll be glad to hear from you if you need clarification. Just give us a
call and we will try our best to give you immediate answers or you can
also visit www.PayPal.com/101. Thank you for choosing PayPal for your
online payment needs. We appreciate your business.

Sincerely,
Roson
PayPal, an eBay Company

Copyright © 1999-2009 PayPal. All rights reserved.
Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored
value facility, does not require the approval of the Monetary Authority
of Singapore. Users are advised to read the terms and conditions
carefully.

Got more questions? You'll find answer at our improved Help Center.
Click "Help" in the top right corner of any PayPal page to get started
or you can visit www.paypal.com/101

 

Now it almost confirmed that PayPal yet to get clearance by Indian Law which effective from Nov. 2009 to stop Money laundering.

 

Let's wait for 24 hours, they might do with our Bank Request reversal.