Online payment service provider PayPal has put some of its services in India on hold, and is reversing funds requested through PayPal India, according to reports.
personal payments are suspended for 2 months at least, and personal account users must get their payments as goods option, so excess charge for users until this is resolved
Now i finally confirmed it. i heard that last week and I thought its only a joke. I dont understand such actions like that. They should inform in advance.
According to the latest update they said they are trying to resolve the issue as soon as possible and users should be able to withdraw money or issue checks.
Quote:
We were hoping that our merchant customers would be able to start withdrawing their funds at their local bank by today, but it looks like this will still take some more time. I understand your frustration and want to let you know that we are doing everything we can to free your funds.
It has always been possible for sellers to request a check or withdraw funds to a credit card, and these options are still available from the Withdraw Money tab of your PayPal account. If you don’t have a credit card attached to your PayPal account now, you can add one under the Profile section of your PayPal account. Before asking for a credit card withdrawal, please check with your card issuing bank to ensure that they can process it.
It usually takes five to seven working days for you to receive a check when you request a check withdrawal and PayPal normally charges a five USD fee. We are trying our best to help sellers during this difficult time and therefore will refund the check withdrawal fee back to your PayPal account within a week. I appreciate that this is not ideal, but please bear with us.
PayPal suspends service in India
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