Can we withdraw Funds to Bank Accounts Now ??

Guys I transferred $1000 in mine Bank Account on 01st Feb,2010 , n in mine transaction history , it was written that Transaction is Completed , but what happened today , they Revered it to mine Paypal Account .
n How much they reversed have a look .



Now shall I get mine $78 Back ?
The main question is that ...
Can I transfer Funds to mine Bank Account Now ? Or still there is some Problem ?
Can anybody explain me about that ?

Thanks

Regards

 

And as per your question, I would like to say that, please wait for more 2 days, before you can withdraw to your bank account.. And Paypal will send you back your 78$.

 

Ok ! Are u sure Paypal will send money Back ?

 

No, I do not think, Paypal will ever give back the money lost in currency conversion.
They will just not charge the fees (i.e. Rs. 50 for each withdrawal below INR 7000), but they will not give what is lost in currency exchange.

I have lost USD 72.50 in this ....

Further, To withdraw money by another method I had to pay 6% extra.... so much for paypal

 

yeah, as per their emails, they are saying, they will send back all the fees, they did cut from our money. Not sure buddy.

We all are losing money. Always Indians have to suffer at the end!

 

Well its better if you wait for couple of days before you do another withdrawal. And why don't you call up PayPal and ask them if they gonna refund you your money that you lost in currency conversion? They should refund it as it was not your fault and glitch was from PayPal side.

Thanks

 

Don't do the withdrawal at this time..wait for 3-4 days

.it is clearly stated in the recent email from paypal.



.

 

I don't think they will pay it back.

3 years ago they did same thing with me..

http://forums.digitalpoint.com/showthread.php?t=221662

 

Means I should wait until next week . By that time, the things will be cleared too

 

But, i think they will pay it back, there is no other chance for them . .

 

when are they going to resolve the withdrawal issue with indian banks? any word yet?
i dont think they are not going to refund the lost fee ($25 return fee + currency devaluation) from the bank reversal. what is lost is lost!

 

Buddy as yours even I had requested on feb 1st and today feb 9th they reversed the payment charging me $32 as REVERSAL fees. I just requested for PAYPAL CHECK to my address in a hurry.. Now I'm just scared if they deduct again bit of dollars saying REVERSAL.

Can anyone tell me did any one got the payment via PAYPAL CHECK system. When will all this get RESOLVED. And will paypal refund the REVERSAL fees.

 

if anyone want to try their luck at forex market, then initiate a withdrawal to indian banks. LOL

 

lol.............

 

payPal is becoming terrible now..

i plan to switch to MoneyBookers.

 

PayPal reversed my withdrawal amount too.......

 

Hi friend,

Actually paypal has not charged any reversal fees with anyone! Its not reversal fees, its simply a reversed transaction. They have offered you 0.0206810$ for a rupee which is their conversion rate like they offer 45.13 INR for a dollar today. Paypal just play safe to have a maximum advantage in these conversion factors. Only very few people living in the United States may be in need for money being withdrawn from a bank account in India and need it terms of dollars and even in that case, the Indian would be pushed to put in a lot of money for a few dollars because of this conversion rate. So both ways paypal is taking advantage with indians.

 

Yeah, But most of the people are using paypal. There is no problem to being buyer, But what about sellers dude. . have to stick with paypal Lets see what gonna happen. .

 

I have had enough of withdrawal problems and having to foot the bill of currency conversion (at least... till Paypal pays me back), I would not advice anyone to immediately go for withdrawals.

It is better to wait some days out and see if there is any intimation on it, from Paypal!

Regards,

RightMan