PayPal temporarily suspends electronic withdrawal in India, only cheque/check

Discussion in 'PayPal' started by Arun, Jul 27, 2010.

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  1. #1
    Just received this email from PayPal:

    Longer delays for getting funds from PayPal now :(
     
    Arun, Jul 27, 2010 IP
  2. victoryrask

    victoryrask Peon

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    #2
    Yes just now saw that mail and what the fuck they are planning to make. Now need to think of an alternative.
     
    victoryrask, Jul 27, 2010 IP
  3. magicworld11

    magicworld11 Well-Known Member

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    #3
    Yes i also received the same. I think we Indians will face more trouble now...
     
    magicworld11, Jul 27, 2010 IP
  4. mechanix

    mechanix Well-Known Member

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    #4
    OMFG..Not again!
     
    mechanix, Jul 27, 2010 IP
  5. karan265

    karan265 Active Member

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    #5
    I received the same e-mail too. :(
     
    karan265, Jul 27, 2010 IP
  6. victoryrask

    victoryrask Peon

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    #6
    I think paypal is going into 19th century instead of 21st century.
     
    victoryrask, Jul 27, 2010 IP
  7. tuba

    tuba Member

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    #7
    Oh... again! Got mail from paypal. Probably we have to stop online business. :(
     
    tuba, Jul 27, 2010 IP
  8. salaxzar

    salaxzar Well-Known Member

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    #8
    so sad......
     
    salaxzar, Jul 27, 2010 IP
  9. chandan123

    chandan123 Prominent Member

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    #9
    they have some bunch of idiots with their company who dont have work to do. so they are assigning cheques distribution to those useless employees to save bandwidth cost in electronic transfer.
     
    chandan123, Jul 27, 2010 IP
  10. olddocks

    olddocks Notable Member

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    #10
    In accordance with regulatory instructions, we would like to notify you about a change in our withdrawal functionality in India starting on August 1, 2010. At present you can request for either an electronic or cheque withdrawal of funds from your PayPal account if you are an India user.

    From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account.

    While we are working hard to restore the electronic withdrawal service, in the meantime, we are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly.
    To request for a cheque withdrawal:

    1. Log into your PayPal account, click on 'Withdraw'.
    2. Click on the 'Request a cheque from PayPal' link.
    3. Enter the withdrawal amount and select your mailing address, then click 'Continue'.
    4. Click 'Submit' to confirm your request.

    In order to help you with this change and until further notice, we will refund the $5 USD cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards.

    For any questions, please log into your PayPal account and click 'Contact Us' at the bottom of the page.

    The thing i am most worried is the checks sent in ordinary postal mail are no way secure and takes more than 20 days or so to arrive.
     
    olddocks, Jul 27, 2010 IP
  11. innews

    innews Well-Known Member

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    #11
    yeh me too got this
    Change in Withdrawal of Funds from PayPal Accounts for India Users
    this is soo bad for us again
    indian gvt sucks big time
     
    innews, Jul 27, 2010 IP
  12. olddocks

    olddocks Notable Member

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    #12
    BOY-O-BOY This had to be because of issue with RBI again and their stupid regulations.
    All i ask our govt just leave us alone.

    This is where paypal asked us to look for updates: https://www.paypal-apac.com/india/
     
    Last edited: Jul 27, 2010
    olddocks, Jul 27, 2010 IP
  13. Arun

    Arun Well-Known Member

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    #13
    How many days does it normally take for cheque to reach after requesting? Is it sent from PayPal US or India or any other location?
     
    Arun, Jul 27, 2010 IP
  14. tuba

    tuba Member

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    #14
    or may be RBI issue again... I guess RBI...
    Same paypal pain twice this year.
     
    tuba, Jul 27, 2010 IP
  15. narayananblaze

    narayananblaze Well-Known Member

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    #15
    This is really a big pain in the a**e. Already, Paypal to Xoom-Xoom to Bank was stopped for Indians. Now, what are the options do we have now? :-s

    P.S: Are we in some third world country? I'm afraid.

    Google, Where are you?
     
    Last edited: Jul 27, 2010
    narayananblaze, Jul 27, 2010 IP
  16. chandan123

    chandan123 Prominent Member

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    #16
    what happens if we withdraw today :eek: ?
     
    chandan123, Jul 27, 2010 IP
  17. WebBuddy

    WebBuddy Well-Known Member

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    #17
    I think RBI gave them some more time to get their acts together and when they failed to comply with policies even at the end of first quarter, RBI asked to stop some operations. I guess the day is not far when they'll stop the outgoing payments using PayPal balance for Indian accounts... or maybe suspend everything again ?
     
    WebBuddy, Jul 27, 2010 IP
  18. chandan123

    chandan123 Prominent Member

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    #18
    wtf :mad: these guys assumes our money belongs to them :mad:
     
    chandan123, Jul 27, 2010 IP
  19. olddocks

    olddocks Notable Member

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    #19
    Please be reminded that any payments received into your PayPal account from the export of goods and services cannot be re-used for making purchases or any other payments.

    where did you get this line. i havent seen this in the mail. That means we cannot pay OUT from paypal! Its a double blow man!
     
    olddocks, Jul 27, 2010 IP
  20. Arun

    Arun Well-Known Member

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    #20
    Where do you see that line?
     
    Arun, Jul 27, 2010 IP
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