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

This is scary. If Paypal can do this to India, there's no reason it can't to the rest of us. Or maybe there's been a lot of problems with the transactions with Indian Banks and Paypal. Hope, they can fix this very soon.

 

So the only solution now is BUY NOW Button? I think I can do that, but will the payment from buy now button will also be reversed if client has no shipping address?

Can some one confirm me this?
I am loosing money !!!

 

LOL,If its -8.2k INR then I am 10 times screwed than you and if its USD then you are ripped off.LOL!

 

how to contact infolinks and kontera ?

they don't reply fast ..........help please

 

I am completely struck now. I wonder what is the solution. If RBI declares all paypal India money is not to be sent to bank, are we supposed to spend then online? all 100s of $$$???

 

I screwed by 3000USD....

 

So is paypal not providing any correct info on what this will get solved? If so can we do any strike and get media attention. Or can we complain to media? If some one can give me good way to fight this back, I will see what I can do as I have some big media links (contacts)

 

I think it is $8.2K..

I have half of it 4.2K$ but I think issues will get solved soon. They can't just take away those money because there are million of users using PayPal in India and ever if they take 100$ on an average then it will be a BIG amount so there will definitely a way from where we will get our money back. So don't worry.. Just wait and watch. Don't send/receive/withdraw any money until things get fixed.

 

its 8216 usd mate, recovered $600 so far, got that paid by xoom on saturday, that hasnt hit my account yet either, biting nails :s

 

i checked in bank and no money came

 

We got to wait for 36 more hours to see what's going to happen. Till then Fingers crossed..

 

So why dont we heat this issue by contacting media. They are the only ones who can get this to light and solve. Am I right?

 

All this will affect for sure the good reputation of paypal...
They should resolve this issue soon and save their reputation,becoz what matters is trust and reputation..
I think other s like mb etc should try to take benifit of such situations...and get there heads up in this business..

 

Yes, if moneybookers allows me to move funds from paypal to them with out charges, I will do it for sure
I do not want to trust paypal any more, but again they are King

 

Dear XXXXXX,

Thank you for contacting PayPal, my name is Angeli and I am happy to
assist you today.

I understand that you wanted to know when the Sender of the payment will
received the reversed payment in your account. I really do apologize for
the inconvenience this has caused you but I would be more than willing
to help you on your concern. Let me check your account further.

When a payment is refunded, denied, or canceled, the funds will be
returned to the credit card or to the PayPal account balance, depending
on the funding source of the payment. Note: When a refund is sent using
the Send Money feature instead of the refund link, the funds will post
to the PayPal account balance, regardless of the funding source of the
original payment.

PayPal shall make reasonable efforts to ensure that refunds to credit
cards are processed in a timely manner. It may take up to 30 days for
the funds to be credited back to the card, depending on your card
issuer. If you have been issued a credit, and it has not been posted on
your credit card statement, you should contact the card issuer regarding
when the credit will post to your account.

Don't forget, we're always around if you need us. Just click "Help" in
the top right corner of any PayPal page to visit our improved Help
Center.

Sincerely,
Angeli
PayPal, an eBay Company

Copyright © 1999-2010 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.

 

You can use xoom.com to withdarw funds from paypal. I used to use it before paypal started bank depost in India, and there is a way how you can do it without xoom fees. Try it I have been using it for 4 years.

 

I think paypal plays a safer role by critizing credit card companies and banks

 

I spoke to paypal yesterday and they said that they dont know how long it will take

 

Dont worry, the news is already heating up in the online media (popular sources like AFP, msnbc, techtree etc. have focused on this issue).
source: http://news.google.com/news?q=paypal

 

you cannot withdraw your own money from Paypal to xoom....
This is not allowed according to Xoom TOS