Direct Withdrawal from paypal to indian bank works now?

I think the situation won't change till the budget is presented on Feb 26th.

 

Not working Withdrew payment on saturday. Says completed but still not in bank account. I guess they'll refund the payment again?

 

I went to bank.. No money in my bank account and no reverse transaction off yet in paypal account.. I wonder I should have had been patient..

 

still paypal is trying resolve that.. soon we will be able to withdraw funds to bank accounts directly from paypal..

 

I think, you should wait. Because, if it is not working then you will get a reverse of your payments.

 

You can withdraw money either through paper check or with your credit card. ( Check with your credit card company whether they're accepting foreign money). You can read more in the PAYPAL BLOG

 

2CO is trying to take competitive advantage of this situation, lol http://www.2checkout.com/campaigns/india.html

 

Yes they are surely doing it but I don't think that will work much until PayPal get totally closed for Indians.

Also their fees seems very higher:
# $49 one-time sign up
# 5.5% and $0.45 per sale

 

i did a request yesterday, let's hope for the best

 

Have any one got the money in his account. Plz share it here, as i need to withdraw the sum myself as well.

 

i am waiting for tis to start for a long time please update ppl

 

still its blocked. .. no new updates . dont initiate any withdrawal

 

Please post if any one get payment form paypal in their bank account.

 

damn why can't paypal come with regular communication ?????? this is insane. A blog post a week on Monday is not going to help a lot.

 

Its better to email/call paypal customer care and check with them about the status.

 

i took broadband so that i can earn money i also did some bookmarking work last work and made more than 12$ in 7to9 days when i got work but not due to paypal problem this month didnt got any work and my broadband i have to remove . thus broadband stays only for 2months and my hopes also down to earn just now will wait to get my some dollars from paypal.

 

Hi Guys i got an email yesterday night so i am pasting it here for you

I sincerely apologize for the inconvenience this has caused you. We’re
working with the regulators and our bank processing partners in India to
get this resolved as quickly as we can; however, we do not have a
specific timeframe to share at this time. We realize that this is
causing considerable inconvenience to our customers and we want to
reassure you that this is a top priority for the leadership at PayPal.
The regulators recently let PayPal know about revised licensing rules
that we are now actively engaged in securing. Personal payments to and
from India will be suspended for at least a few months until we fully
resolve the questions from the Indian regulators. Regarding your
question about mass payment, you should be able to receive purchase or
commercial payments to your PayPal account.

So now on we can get money into our accounts if the sender use mass payment option while sending money to Indians

 

I fail to see any connection between the presenting of the budget and this problem? I wonder why would RBI not give Paypal a license if it completed all its formalities and instead wait for the budget?

Regards,

RightMan

 

I don't think PayPal has completed all formalities because they said they are working on it.

 

i just wish paypal is back soon coz i cant tolerate getting rejected by xoom and no other way to withdraw my own funds