Paypal Withdraw to India Delayed again (Feb. 2009)?

Guys,Its time to give this matter some publicity.Please Post this matter in other popular threads and send the matter to Popular Online magazines to attract attention of paypal .
Would You mind if I PM some of you guys with the URLs/emails on such online magazines so we all approach them and convince them to publish this matter.

 

No problem. Shoot us the links......

 

I request money o on Feb 26, it's shows completed on 27 th while i log in paypal, but not yet come into my bank account. But last time it with in 48 hours the fund was deposited in to my bank account. will update you when it will came into mu bank account

 

I had transferred on 22nd Feb but still not credit into my bank account...

So it is not 19th or 29th feb. I think it it is all transactions after 19th feb.

 

now i have 6 transfers pending to bank ...
Whats going on with paypal ?????
Really cant uderstand at all

 

WEll, there is nothing like that the transactions after 19th are pending.

I got my all withdrawls done on 20th and 25th Feb !! that too in Punjab National Bank. lol

 

i intiated on 20th on paypal it sauys completed but i still didnt get anything in the bank.

 

Yes transaction which got completed on/after 21st feb are not having any issue. However transaction dated 19&20th got struked as RBI's RTGS (Realtime Gross Settlement) system was down on 19th Feb for whole day. So now banks are under pressure to clear those pending transactions. Well I am sure that its not a matter of single transaction so bank ppl will surely find pending transaction while monthly audit which will be done today (sat feb 28)

I hope we all will get funds on monday.

 

Same problem here dude. I withdrew funds to my account (HDFC Bank) on 22nd and I haven't got the money yet. I'm having my fingers crossed.

 

Hope for the best, plan for the worst

 

I have a doubt. What happens if we don't get the funds on Monday? What's the worst case scenario? Will the funds be redirected to our paypal accounts again? If so, will we be charged a return fee? Could someone throw some light on these issues?

 

Of course Paypal will charge you return fee if the funds are returned to Paypal without getting credited in our account. What's funny is that our money is not with paypal nor with our banks (they said they have not received any such money to their bank), its stuck in between (probably reserve bank)...I am slowly becoming afraid about the worst case scenario...if it takes too long. There are no news or issues raised on this anywhere that's really funny.

I guess it is rectified soon.

 

But how can it get stuck? It will be either directed to our bank accounts or sent back to our paypal accounts, right? It cannot stay in RBI forever, can it?

 

if money get reversed which is most likely , we will loose a lot ..

250rs return fee ...

+ Again indian money will be converted to usd fr what paypal give 51.5rs per usd as we r buying usd frm paypal now...

lot of money will b lost ..

i have 5 transfers pending to bank now

 

dont worry ... it will go either way ...

money is safe but we will loose because we r paypal customers.

 

same thing here ... i did same day to hdfc

 

I feel that if there is a delay from the RBI due to the strike, or a delay due to the large number of holidays, the funds won't be rejected.

I feel that funds can be rejected only if we have done something wrong. Here it is not our fault and even if the funds come back to paypal (which they shouldn't), we won't be charged any fee and we will get back the same amount that was sent (no penalty for the higher exchange rate).

Paypal states that the return fee will be charged only if the details provided were wrong. Most of us have transferred before and so the details will not be incorrect.

But I wonder when the damn funds will come!

 

its all system dependent... they will charge return fees + conversion charge 100%

 

I also withdrawn money on 22/2/09. Not yet credited in my bank account. But Paypal shows transaction completed. Do any one know the reason?