Just got a Good news from paypal..

gsk6u Active Member

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#21

So according to paypal's new update...we need to contact our clients to send money as "purchase", but what about services? and affiliate paypents (mass payments)?

gsk6u, Feb 9, 2010 IP

Blue[{bee}] Active Member

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#22

tanha_dil said: ↑

are you sure ... Fingers Crossed ... But should say things have definitely improved
Click to expand...

I talked to one of the PayPal representative on the phone. He is saying that "Withdrawals made in that period of problems had been reversed", they have sorted out the issue and any withdrawal done after that won't be reversed.

I am just waiting for the confirmation of this latest update.

Blue[{bee}], Feb 9, 2010 IP

tanha_dil Peon

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#23

Blue[{bee}];13574717 said:

I talked to one of the PayPal representative on the phone. He is saying that "Withdrawals in that period of problems have been reversed", they have sorted out it and any withdrawal done after that won't be reversed.

I am just waiting for the confirmation of this latest update.
Click to expand...

Just wish that your words come true and hopefully some confirmed news tomorrow ..

tanha_dil, Feb 9, 2010 IP

pushkar Well-Known Member

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#24

please tell me that now can i receive money and pay for web hosting services. i have readed out pp blog, they wrote that personal a/c will be resolved in few months. please help

*pushkar*, Feb 9, 2010 IP

jestep Prominent Member

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#25

From Paypal's blog

1. Why did you suspend local bank transfers and personal payments to and from India?

We temporarily suspended these services to respond to enquiries from the Indian regulators, specifically questions on whether personal payments constitute remittances into India.

Weâ€™re working with the regulators and our bank processing partners in India to get this resolved as quickly as we can. We realize that this is causing considerable inconvenience to our customers and I want to reassure you that this is a top priority for the leadership at PayPal

2. When will personal payments be turned back on?

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.

3. When will local bank withdrawals be available?

Customers should be able to withdraw their funds to a local bank within the next few days. In the meantime, weâ€™re going to restore the money into the PayPal accounts of any customers in India who have initiated a recent withdrawal, so they know that the money is safe in their accounts. Customers will also be reimbursed for any withdrawal fee charges.
Click to expand...

jestep, Feb 9, 2010 IP

gauravgrt Peon

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#26

Alternatively, you
may withdraw your funds to an eligible credit or debit card or you have
the option to request a check to withdraw your funds.
Click to expand...

Atl ast they've confirmed that we can withdraw our hard earned money through cheque.

gauravgrt, Feb 9, 2010 IP

Hmmm.. Peon

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#27

sidana said: ↑

The currency conversion difference will be credited into your account
within 24 to 72 hours.
Click to expand...

Now this is REALLY some good news after half a month..

Hmmm.., Feb 9, 2010 IP

raoraj Well-Known Member

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#28

sidana said: ↑

Dear Abhinav Sidana,

Thank you for contacting PayPal.

I sincerely apologize for the inconvenience this has caused you. Upon
checking, I see that the funds you withdrew to your bank account have
been returned to your PayPal balance. This is due to the issue we are
currently experiencing specifically with electronic funds transfer from
PayPal balance to an Indian bank account. Please be assured that our
technicians are diligently working to resolve this matter. I can assure
you though that the funds have been returned to your PayPal balance.

You may withdraw the funds again at a later time; however, please be
reminded that we are currently experiencing delays in transferring funds
from the PayPal balance to an Indian bank account. Alternatively, you
may withdraw your funds to an eligible credit or debit card or you have
the option to request a check to withdraw your funds.

The currency conversion difference will be credited into your account
within 24 to 72 hours.

We hope you understand our situation and thank you for your patience.
We're available to answer any questions you might have. Just give us a
call at 1-402-935-2080 and we will try our best to give you immediate
answers or you can also visit www.PayPal.com/101 for more information.
We appreciate your business.

Sincerely,
Ric
PayPal, an eBay Company
CopyrightÂ© 2010 PayPal Inc. All rights reserved.

Consumer advisory: PayPal Pte Ltd, the Holder of the PayPalâ„¢ payment
service stored value facility, does not require the approval of the
Monetary Authority of Singapore. Consumers (users) are advised to read
the terms and conditions carefully.

Got more questions? You'll find answers at our improved help center.
Click "Help" on the top right corner of any PayPal page to get started
or you can visit www.PayPal.com/101.

Original Message Follows:
------------------------
Form Message
customer subject: Who is responsible with reversal fee..?
customer message: Additional Information: 'Hello paypal,

I have two small question's please respond to me as a gentle reply...

#.) Just got back my withdrawal money in my paypal account, can you
please let me know who is responsible this reversal fee...?

#.) And if you can't able to withdraw our money into our bank accounts
then how can i withdraw our funds...?

I am expecting a gentle reply from your side ...please reply as soon as
possible...

--thanks
abhinav'
Click to expand...

i got difference answer for same question.

Thank you for contacting PayPal.

Thank you for your patience while we work to address the issue of
processing withdrawals to Indian bank accounts.

I checked your account and I see that your PayPal withdrawal request has
been reversed. Weâ€™re going to restore the amount of your recent
withdrawal into your PayPal balance so that you can know your money is
safe in your account. You should see the balance restored within 24 to
72 hours. In addition, you will see a reimbursement of any withdrawal
fees charged as well. This is to ensure that you are not adversely
affected by currency fluctuations during the last week. You can try
requesting a check or withdraw the funds to a confirmed credit card. We
are doing everything we can to process your withdrawal as soon a
possible; however, we do not have a specific timeframe to share at this
time.

PayPal would like to sincerely apologize for the inconvenience that this
matter has caused you. We would like to assure you that we are doing
everything we can to resolve this issue as soon as possible. We are
asking for your patience and understanding.

I'll be glad to hear from you if you need clarification. You can also
visit www.PayPal.com/101. Thank you for choosing PayPal for your online
payment needs. We appreciate your business.

Sincerely,
Charmen Dey
PayPal, an eBay Company

Copyright Â© 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.

Got more questions? You'll find answers at our improved help center.
Click "Help" on the top right corner of any PayPal page to get started
or you can visit www.PayPal.com/101.

Original Message Follows:
------------------------
Form Message
customer subject: Who is responsible with reversal fee..?
customer message: Additional Information: 'Hello paypal,

I have two small question's please respond to me as a gentle reply...

#.) Just got back my withdrawal money in my paypal account, can you
please let me know who is responsible this reversal fee...?

#.) And if you can't able to withdraw our money into our bank accounts
then how can i withdraw our funds...?

I am expecting a gentle reply from your side ...please reply as soon as
possible...'
Click to expand...

raoraj, Feb 9, 2010 IP