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

Yes I wish it's normal, as it may be weekend so revresal. Only PayPal knows but at the moment things looks normal for me,

 

yep at this time we are little bit secure

 

Well my account is still in negative balance. Dont know if its possible to lift up funds retarded.

 

Yeah just now i saw that payments sent or received as "Goods" option including the shipping address is not being reversed. Its been 2 days from now and it is still not reversed for me.

Hope that continues.

 

Hope your smile will stay as now

 

did paypal say anything about bank withdrawals have been resolved? i

 

No more reversals on 8th till now.
I hope we are reaching to a probable solution.

 

ya you can lift it ask any of your friend to send money to your paypal a/c to cover up the -ve balance

 

Now payment not reversing since last 2 days as goods option + shipping address ...okey...

Now what about withdraw ? Already we did not got our withdrawal money in our bank account ..so Can we transfer other money to bank account ? OR still wait 2-3 days more ?

 

better we will 2-3 days for more detail info from paypal

 

Thanks. Let me try it

 

Ok. Guys, spent 30 mnts this morning & read all the updates.

Source: http://www.mercuryminds.com/blog/eb...rsonal-payment-transactions-from-and-to-india

Do not START Monday with frustration. We can do what we can do which we can, things can not be done/improved which is out of our control at the moment.

Objective to anyone: Keep our business run (Do not spend much time in worrying, use the time effectively into productive).

What We can Do:

-> Use Buy Now buttons/Billing system to get the funds. This will not be reversed. (But do not initiate withdrawal of funds until you come to know the withdrawal problems with RBI are solved)
-> Importantly, arrange funds to live your life this month, assuming you will get your money at the end of this month, also prepare the backup plan for next month.
-> Start keep contacting the clients to whom the money is sent back, get in touch with them, explain the situation, create a buy now buttons for them, ask them to make the payment such way. (In this case only, you will come to know what the client situation exactly now, are they willing to pay back (do not run away), whether they got the funds back etc). It is your responsibility to keep in touch with your customers, keep updated them about the issue, they should not be in a confused state. Now, most of our customers (to whom the money was sent), feels we, Indians are not good enough, doing personal business which are not legal, for that reason, PayPal is doing such things. We need to talk to the client & explain, we are legal, doing business in a good manner, saying, this is the glitch with PayPal. This will ensure the customer confidence on your business. (No one realizes indirectly it affects our customers confidence, trust towards our services). Because, they are from US/UK/somewhere, they do not have any problem with PayPal. so, they may think, we are not doing good.
-> Keep spending 20-30 minutes once a day, post your comments at the following places
http://forums.digitalpoint.com/showthread.php?t=1681660
https://www.thepaypalblog.com/2010/02/personal-payments-and-local-bank-transfers-in-india/ (I do not see not even single comment made to his statement after 4-5 days long. Note that Newsmakers will watch official blogs rather than private forums like DP, SitePoint)
Digg the following:http://digg.com/tech_news/Paypal_India_Outage
-> Also try to promote the issue "PayPal holds our money, deposited into our account that is worth of millions", not the issue 'PayPal do the reversals'. The way media looks/projects two issues in a different way (If you say Someone ICICI/SBI/PayPal do not give us the money that is in our account, holds all the customers money due to their glitch, the total amount is worth of 1K crores, definitely, the media will turn their attention.) If We talk about reversals, the media will feel, it is happening within the bank policy changes, that we can't do much. Promote "PayPal holds 1K crores & not responding to the customers", it will certainly get the attention of media.
-> Keep making calls & emails to PayPal, email to Anuj Nayer (Email is posted already in this thread)
-> Keep try to communicate with medias
-> Lodge your complaints here http://rti.india.gov.in/rti_direct_complaint_lodging.php

What we can't do:
-> Reversals are happening (note that the reversal time taken depends on the queue in the system & the timezone of the payment made). This is not the fault in the PayPal system. PayPal officially do this without any announcement. No matter whether it is business/premier/personal accounts,it is from India, it happens. No matter which method you use (Service, goods, eBay, shipping address etc). The only thing the reversal do not happen is "if the payment made using Buy now buttons/billing system".
-> All the withdrawal initiated after Jan 28th is on hold by PayPal India. The funds are cleared from PayPal US & arrived to PayPal India. Due to the problem between RBI & PayPal India regarding, PayPal India can't transfer the funds to customers account using NEFT. (This is how PayPal withdraw works: PayPal US releases the funds to PayPal India using Federal Bank in US. As soon as it is done, "the status will be changed automatically to "Completed". This will take 24 hours maximum. PayPal India releases the funds using NEFT to corresponding Indian banks). The reason of Jan 28/29/30/31 are delayed is, they arrived to PayPal India on or before 31st. But, due to holidays of 30th & 31st, unfortunately, they can't process on Feb 1st which is the official date of RBI to stop such processes.

 

2~3 days? I'd suggest you to wait for at least a week or two. I don't think this gonna be resolved soon if its anything about Govt. of India.

 

Are we still blaming paypal only? i am not sure whether you guys noticed this line

Ref: http://help.elance.com/forums/30972/entries/108402

 

Yes you have made right point and now we should start business with own style like putting Button on sites.

 

Also On reddit --

http://www.reddit.com/r/reddit.com/comments/azbo6/paypal_india_returning_payment/

http://www.reddit.com/r/business/comments/azbry/personal_payments_and_local_bank_transfers_in/

 

Does Indian government does not have any work....They dont have capability to create that many jobs and when we are searching for jobs from other countries they want to take that too and keep us poor always....if these is done by Indian government we should definately do some protest or something...I have lost 5000$ in these paypal problems...Indian government should help us as we are bringing money in our country and they are doing opposite...Great

 

http://forums.digitalpoint.com/showthread.php?t=1681660&page=115

visit this thread you will get some positive ray of hopes..!!

 

do you really think gov of india requests ? that is just another article abt paypal not the official one.

they even written Update: We are happy to report that the issue with PayPal transactions to and from India has been resolved.

which clear shows they have no idea what they are talking abt