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PayPal Suspends Personal Payments in India|
- By CXOtoday Staff, Feb 08, 2010 1219 hrs IST
- Tags : PayPal India, eBay, Online payments, eCommerce, Anuj Nayar
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US-based online payment company PayPal, has suddenly decided to suspend the ability to send personal payments to and from India. The company has not cited any particular reason for this move. All that has been mentioned, on the PayPal Blog, is that they are in the process of resolving the situation and working with their business partners and stakeholders to address questions they have about the service.
The move to block personal payments to and from India was apparently a sudden one, even leaving commercial payments in no-man's land. Although merchants must provide proof of deliver in order to receive a payment to their PayPal account, they too will not be able to withdraw this amount from local banks.
Customer feedback of the inconvenience caused, pegs the lack of providing an early notice of such a move, has resulted in a stalemate -- in one case, customers have booked tickets online, which are to be collected at the venue, but the merchant has not received the amount in his PayPal ID because he is unable to provide a 'proof of delivery' of the tickets sold.
Surprisingly, the only notice of disabling personal payments to and from India is a post by the India spokesman, Arun Nayar, on the PayPal blog. On searching other blogs, it appears that while the news from Nayar was dated 6th February, the personal payment suspension was in fact effective post-28th January.
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Discussion Board
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by Keshav on Feb 09, 2010 11:36 PMI transferred money on 28th Jan & after keeping me in dark all these days, they reversed my transaction today on 9th Feb & blamed my local bank for the problem. Moreover they subjected the reversal to currency conversion & have deducted a heavy amount as currency conversion charges. This is totally unacceptable
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Re:
by Sandeep on Mar 08, 2010 01:41 PM
Hello Anuj, My name is Sandeep Shah and i work for TimesofMoney Ltd. If you are looking for International Payment solutions for you to receive donations, thn do write me at sandeep at timesofmoney dot com or you can call me on 09967040302. will surely help you with an alternative. -
Re:
by Mani on Feb 08, 2010 05:00 PM
Why cant the stupids working in paypal update the progress of what is happening in this.. It is been more than a week now, and It looks like there is no official Update from those idiots. Is this the way, Paypal treats all Indians? For me, there are totally more than 20 payments returned to Client ? At least the paypal can it stop that..? May be we can withdraw the amount to our bank account later...but why are they returning the received money from our client ?
