Withdrawal to India banks from Paypal through XOOM is Working. Confirmed and Tested.

That post seems to be deleted. May be, they din wanna make a statement yet..

 

its on their homepage,see first post of it http://blog.xoom.com/

i got email from them today morning



Dear Xoom Customer,

Xoom no longer accepts Paypal as a funding source for transactions to India.

We apologize for any inconvenience this may cause you, but would like to remind you that you can still remit money to India by funding your transactions with a United States bank account or a debit or credit card.

We've made this difficult decision in light of the Reserve Bank of India's concerns about PayPal in India.

Your money transfers can still be sent for fast deposit to any Indian bank account, door-to-door delivery, or for cash pickup. Xoom continues to offer very competitive exchange rates.

Regards,

Xoom Customer Service

This is a customer service email. You can not unsubscribe from customer service emails.

View the Xoom Privacy Policy

Xoom Corporation, 100 Bush Street, Suite 300, San Francisco, CA 94104

 

This Website Is Working Or not Please Confirm Me.

Thanks

 

Yes This is not related to Policy Update its related to RBI new rules. But I Think Paypal will implement something for indian users in his next policy that will on March 10, 2010

 

Yes This is not related to Policy Update its related to RBI new rules. But I Think Paypal will implement something for indian users in his next policy that will on March 10, 2010

 

Have anyone tried to withdraw funds through Xoom after this policy update news on their website?If so what is the feedback?

 

, i guess the govt has finally woken up to the tremendous amount of money coming in ;
and wants to tap all sources to figure out how much tax they are losing. ;
Good for people who acted fast and withdrew all their money; patting myself;

people find ways to get your money before other options are also blocked.

 

Just got my funds credited via XOOM.
It was sent by my client from US (source of fund: cc)
Only intra-india transfers have been cancelled by Xoom (including paypal as a source of fund >> to Indian recipient)

 

so now we need to ask any us friends to send money by paying to their pp

 

Even that won't work "chandan123"

PP is completely disallowed by Xoom now to send money to India. So even if you send to someones PP.. you will have request them to withdraw or fund money from their bank account / Debit Card/ CC.

Hard earned money is now getting even more harder to receive in your bank account.

 

But why is Xoom still showing in their website Paypal as an option from where we can transfer money??

 

Has anyone tried doing this?

1)Purchasing a virtual us bank a/c..

2) Adding it to paypal and withdrawing funds to it

3) Pay xoom via that us virtual bank a/c and depositing funds in Indian bank?

if this works we will save a hell lot of fees, as u can see xoom charges only $2-3 if we send them money via US BANK A/C and paypal to us bank a/c is free

After searching for it on google i have found that withdrawl from Paypal -> Virtual US Bank A/c works perfectly, but i dont know if that funds can be used to send money via xoom also........so please if anyone already has a Virtual US bank a/c , give it a try.....

 

That would be a good option but how do we get an USA virtual bank account

 

yeah they can withdraw to their bank easily and transfer

 

I successfully withdrew funds to my SBI VISA Debit card
Exchange rate seemed better (it just made up for the CC withdrawal fee)

More here - http://forums.digitalpoint.com/showpost.php?p=13705179&postcount=5192

 

Thats a wonderful news and i hope it works with other bank debit cards too

 

It would work, nly if the VISA Debit is already added to your Paypal account. (Most debit cards cannot be added now, Standard Chartered ShopSmart card being confirmed as an exception)

 

its paypal wok in india ?