There is a huge buzz in Indian Online market. Most of the Indians who use Paypal as medium for the Payment for the Services. A Bad News for All Indian Paypal Users is Paypal said they are facing problems about money withdrawal to Indian banks.
I Made a withdraw Request on 26th January 2010 which Normally Take 3-4 days to reach my account is not yet Arrived in My Bank Account.
I received this mail from Paypal about my withdraw.
Dear user,
We are currently experiencing an issue processing withdrawals to Indian bank accounts. As a result, there may be some delay in withdrawals from your PayPal account to your bank account.
We apologize for any inconvenience this has caused, and are doing all we can to resolve the issue.
Thank You,
PayPal
This problem is not with me Its with all Indian who are using Paypal. I confirmed with at least 10 more friends and they are also facing Same Problem.
This Issue was not solved and Paypal came up with another big mash. They start refunding All Payments which you receive saying This Money Was received as personal Payment and Paypal Stopped personal Payment option for India Users.
I received mail about the Reversal of Payment to Client
Hello XYZ,
Your payment of XXX has been sent back to the sender of the payment.
We reversed this payment because we have stopped allowing personal payments to be sent to or from India.
If this was a payment for a purchase of goods or services, and not a personal payment, then you may contact the buyer and have him or her resend the payment as follows: (a) click the Send Money tab, (b) select “Goods,” and (c) provide a shipping address.
If this payment was a personal payment such as a gift, then we have requested that the sender find another payment method until we restore personal payments to and from India.
We are trying to resolve this issue as quickly as possible and we’re sorry for any inconvenience.
Thank you,
PayPal
Now all payments which i received after 31st Jan 2010 are reversed to clients where I paid all fees for these transactions. Its really frustrating all of us as this problem is really harming us.
How to Make Payment Via Paypal To Avoid Reversal
If you really dont want to get into trouble the sure shot way to receive Payment is Send Money for Goods and Provide Shipping Address as the system bug in Paypal is counting all Service Payments as Personal Payments.
I hope this post will help you to make safe transactions by paypal.
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{ 3 comments… read them below or add one }
I totally agree with you. The way they have done this is completely wrong.
This is really unbelievable step taken by paypal!
They should have issued a notice saying that all future personal payments would be affected and not reversed the payments.
Another discuss on this issue going on here
http://www.developersolution.com/news-and-general-affairs/top-news-paypal-stoped-payment-india-t-20.html#pid72
Recent issues with PayPal withdrawals to Indian Banks & more over payments just randomly being reversed back to the senders will have a deep impact on PayPal’s reputation. It raises so many questions like (THIS MIGHT CONTAIN SPOILERS):
A) Should we trust PayPal in future?
ANS: ABSOLUTELY NO
B) Are they really concerned about our Money?
ANS: ABSOLUTELY NO, After a long period of two weeks we receive an apology letter stating that “We are sorry we goofed up opps!”? and stuff like “Your money just got sacked since this is nothing serious to us we are just doing a drill of playing a game with your hard earned money”?
C) Is RBI responsible for this?
ANS: UNQUESTIONABLY MAYBE, So, Question is why this is happening in India and nowhere else? Question is why we are being kept behind curtains and dark? Question is why Moneybookers and other Payment systems are working but PayPal is not? you just want to exclude the RBI out of this since they are least concerned with us. Everyone failed here! RBI off course you cant expect them to give you a comforting truth so a comforting lie should suffice you! And PayPal Ow man no shit a multinational company failing to inform and notify of an issue of this magnitude. That was an AWESOME combination of pure frustrating, destroying trust & spreading chaos.
D) So what does PayPal tell us now?
ANS: “We are sorry, but your valuable to us so please give us another opportunity to goof up and play some more engaging games with your money” and “We just love to make more profits by giving you a pathetic exchange rate”
D) What now?
ANS: DTA (Don’t Trust Anyone) Get your sleeves up against them and find your own ways to get paid over any other medium that serves better, communicates better and keep them in plenty. If one fails other should work out.
Ive let all my clients know about this issue and advised them (in advance unlike PayPal) to switch over to some other Payment system which is reliable, responsible and does the main thing “ACTION” at PAR. The truth will probably be dead and berried RIP about what happened because the shame and disgust they bring upon themselves is apocalyptic now.
Hello to everyone,
Paypal will be go as a scam site. i have lost nearly 100 US dollars in one week; because of paypal policies. i am a part time employee online. i had experienced with paypal for a lot. i don’t know, about the paypal business pack. but, i know the Premier pack on personal payments. it’s really frustrated for me. please, beware of paypal policies. it’s quality less for indians.