Paypal Issue Solved!! Check your bank accounts!!

Hi

I just got a mail from paypal-

Dear varnika verma,

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

We expect to have this issue resolved within the next few days. In the meantime, we’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 hours. In addition, you will see a reimbursement of any withdrawal fees charged. We will ensure that you are not adversely affected by currency fluctuations during the last week.

In your transaction log, you will soon see that your PayPal withdrawal request has been reversed. We ask that you wait to submit another bank withdrawal request until we have addressed the processing issue. We will contact you again in a few days with an update and, if the issue is resolved, you can initiate another withdrawal at that time. In the meantime, you will have the ability to spend your balance to purchase goods or services if you choose.

Again, we apologize for the inconvenience this has caused.

Thank You,

PayPal

Will check my account now!! And will again issue a bank withdrawal...

It is a good news!!

Cheers

 

can i send payment to friend in india now?

 

Yes!! Why not....but for avoiding another reversal try sending it through goods..till we all get money back in our accounts....

 

You are making us Crazy ..

 

Yeah..i am sorry i wrote 'check your bank accounts' in excitement

Sorry..you'll have to make another withdrawal.

I hope you can understand how excited i might have become after going through the mail...

 

so now they reverce all withdrawal request.

so now it seems that all money we have in paypal in the month of feb is going to lost.

 

Yes PayPal issue has been solved for Online transactions, You can send/receive money as Goods,Service or Other option, No reversal on any case. Just now wait for green signal for withdrawal.

 

A good news after a long long time.... Thanks for the update mate.

I got the same mail too.

 

@raoraj

no!! The money you have will stay there!!

The withdrawal that you made to your bank account will come back to your paypal account. So that you can make another request for withdrawal.

 

great news.. but I am thinking why they wrote this-> "if the issue is resolved, you can initiate another withdrawal at that time."

that means there is a chance that the issue might not be solved.

 

My pleasure dear!! We all were waiting for this day to arrive for so long....now we all will be able to celebrate Valentines Day perfectly!!

Cheers

 

Yes that's correct, If this happened then we have to go old ways by asking Cheque and we do clearance from bank.

 

That will be one of the good news for today for all Indians.

 

Will they deduct any fees for returning our withdrawal money back to our PP a/c ?

 

so now we can ask for reverced money from clintes?

 

you will see a reimbursement of any withdrawal fees charged.

 

1 Question .

Can i get my withdrawal money to my bank account if paypal account in negative position ?

I doubt on paypal ..

 

Nope, they're gonna reimburse the loss by giving back the cancellation fees and all as you can see in their mail.

 

Those amount will reversed to your account and it will cover your negative balance only.