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All Payment Exceeding $500 getting Auto reversed by PayPal for Sept, Oct and Aug

Discussion in 'PayPal' started by Red_Virus, Oct 5, 2011.

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  1. theonly1

    theonly1 Active Member

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    #41
    Anyone got old 500+ Payments reveresed ?
     
    theonly1, Oct 10, 2011 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #42
    Not heard from anyother one then OP so maybe only OP is the victim IMO.

    DON.
     
    deluxdon, Oct 10, 2011 IP
  3. phpaddicted

    phpaddicted Peon

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    #43
    phpaddicted, Oct 10, 2011 IP
  4. designer007

    designer007 Well-Known Member

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    #44
    After one month verification process they rejected my PAN and limited my account!. I do not know who the hell is doing verification!. I have emailed them a copy of my PAN and it is 2 weeks now. I have to ask my clients to pay via direct bank credit.

    Me too was aware about the fact that paypal suck the money, but continued it just because it was easy. Now they forced me to find another ways for transaction...that seems to be good...payapl xchange rates are around 1.50rs/ $ below the bank rates...also they have fees too...now, for anything around 400$ via bank is the better option as the better exchange rate will cover the transaction fee...

    only problem is small amount and for that I have to find another option...
     
    designer007, Oct 10, 2011 IP
  5. Red_Virus

    Red_Virus Well-Known Member

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    #45
    Red_Virus, Oct 11, 2011 IP
  6. n3o_the_on3

    n3o_the_on3 Well-Known Member

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    #46
    I am so sure that Paypal give a very deep eyes in India. they had been very very strick about India recently . Feel sad for indian fella. Hope this will be short out ( Not really)!
     
    n3o_the_on3, Oct 11, 2011 IP
  7. theonly1

    theonly1 Active Member

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    #47
    There is no personal conformation from any one yet about reveresed payments beyond 26th september ,The date Paypal send to us in email.

    I feel Paypal will be in trouble if they reverse old payments as they themself give 26th september date and they have never mentioned old payments before that wee will be reveresed.
     
    theonly1, Oct 11, 2011 IP
  8. bardevolved

    bardevolved Member

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    #48
    Just have question ? is it 500 dollar a day or 500 dollar worth of transaction
     
    bardevolved, Oct 12, 2011 IP
  9. DumpPaypal

    DumpPaypal Peon

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    #49
    Not >500USD per transaction.





    P.S. As of now... who knows later!
     
    DumpPaypal, Oct 12, 2011 IP
  10. nihangshah

    nihangshah Prominent Member

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    #50
    nihangshah, Oct 13, 2011 IP
  11. theonly1

    theonly1 Active Member

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    #51
    theonly1, Oct 13, 2011 IP
  12. DumpPaypal

    DumpPaypal Peon

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    #52
    So the "All transactions after march will be reversed" crap news should die now!

    Once again proves that those dumb support agents don't know anything, as the main news on the blog link (mentioned before) talks of an agent telling him the same.
     
    DumpPaypal, Oct 13, 2011 IP
  13. fuma1986

    fuma1986 Peon

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    #53
    With that kind of income it would be alot cheaper to just get your own credit card merchant.
     
    fuma1986, Oct 15, 2011 IP
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