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

How you have paid him ? Personal/Goods/Services

 

I got some unconfirmed news that every person only rs 50,000 bank withdraw per year.If you exceed that amount,you need to fill your PAN card info.

 

You would see those money back in your PayPal account within next 24 hours to 48 hours, so you can ask them again once their problem will be solved.

That's not new news, everyone knows who actually understand banking system as well as paying Tax like I did and Even when you deposit Rs 50,000 Yourself in your own account bank will ask you PAN Card to complete that deposit.

 

Today,i got a mail from Paypal that they will reverse the withdrawls which i made before.
here is Paypal mail.

Dear XXXX,

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

Why Paypal is reversing all the withdrawls?

 

I have paid him as Goods Option

 

but i saw that the transaction problem is faced from 28 th jan,but my traction is on 27 jan

 

ohh. so thats why they have questioned you,
because normally is this your first payment as goods ?

Actually you have paid him for services, and you have mentioned in transaction that you have paid him for goods;

may be they will check for this and apply fees according to it in their next policy updates.

What answer you have given her? You have paid him for services/goods?
and which goods?

 

Yes but PayPal looks not did any deposit since that day so you still not got money even many people did requested as on 25th Jan itself.

 

I think the problem is being shorted out.
I received a payment as service yesterday and its still on my account.

 

paypal is even returning the fees charged out of cancellation, which means that you would not have any negative balance, whatsoever.

 

Are service payments reversing today or we can recieve and send service payments in India?

 

Now everything perfect, you will get payments from Service option without any problem and their will be no reversal as from I know.

 

yes rohit.i know that already.but here rs 50,000 for yearly.but bank will ask per day deposit rs 50,000

 

But already few persons paypal account balance nagative due to reversal.

 

You're right, bank requires PAN for 49,999+ / day. You don't require PAN for 49,000 and you can deposit everyday without showing PAN.

 

Yes that's nothing new and I guess PayPal may ask us PAN number to avoid legal problems, it's under law that if we have over 50,000 Rs transition then PAN Number is necessary to complete the transfer.

 

is there any variations in transaction charges for personal and goods??

 

any news for bank withdrawl?

 

Rohit, now since you said that you had paid your taxes, I would like to know, whether we have to file returns, even if our earnings are below the taxable limits. i am talking about the income from PayPal. I am a bit confused here, any suggestions are welcome.

 

Are you being charged by Paypal for Reversal fees?