Paypal India Outage – No Payments to or from India [Updated]
Paypal is facing severe outage and all payments to/from India are being reversed.
This is an email I received from one of the payment service
We were just alerted that PayPal India is experiencing some challenges and stopped allowing payments to be sent to or from India. Funds requested through PayPal India are being reversed to their senders, and users have no access to them. PayPal has yet to share with us an estimated time for resolution.
[Update on Feb 11th : Paypal to Suspend Personal Payment for few months - to resolve issue with regulators.]
And here is what Paypal has to say
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.
Seems this is not applicable for commercial payments.
Update: We have sent a mail to Paypal India and haven’t got any convincing answer yet. The only convincing part has been Alok’s comment on this issue:
I read somewhere that this has happened because RBI asked for some documents but Paypal didn’t furnished them and as such all the transactions from Paypal to Indian Bank has been reversed. That do explain the delay in withdrawing the money from paypal to bank accounts(which people are reporting that they are facing this from 26th Jan onwards) but doesn’t explain why the money is being returned to original senders and that too without any kind of intimation at all.
Statements from Paypal:
Anuj Nayar, Paypal’s Spokesperson
I’m writing to let you know that personal payments to and from India and transfers to local banks in India have been suspended while we work with our business partners and other stakeholders to address questions they have about the service.
During this time, customers can still make commercial payments to India but merchants cannot withdraw funds in Rupees to local Indian banks.
We’re trying to resolve the situation as quickly as possible and we’re really sorry for the inconvenience that this may cause our customers in India and around the world.
—
Customer Support
Thank you for contacting PayPal. Hi my name is Ruth. I am sorry to hear about this situation, and understand your frustration and concern over the issue regarding your having difficulty on receiving your withdrawn funds that is being reversed.
We are aware of this issue and I sincerely regret the inconvenience it has caused you. Our technical department are working to resolve this matter. We are accomplishing the necessary maintenance to ensure that we will provide you a more convenient service at PayPal. We appreciate your patience and understanding.
I know situations like this can be difficult, so thanks for working with us. If you have more questions, visit our Help Center by clicking “Help” in the top right corner of any PayPal page.
The Real Issue?
[Updated on Feb 12th]
The real issue, as highlighted by Annkur from OnlyGizmos
1. eBay India is not actively involved in this as many Indian eBay sellers who sell internationally have their withdrawals blocked. These were goods, so the transaction is not reversed, but withdrawal to Indian bank account is blocked. To correct this eBay is taking the IFSC / SWIFT code from these Paypal users and doing a Manual Wire transfer. Note these are eBay sellers with a PayPal account, not normal PayPal users. So others are seeing their withdrawal cancelled as it seems from chatter on twitter.
2. This also explains why only personal payments are blocked and not goods. Coz goods are generally for ebay sales which is documented and tracked via eBay.in. But personal payments aren’t tracked. Confirms the issue with RBI is more to do with Tax Evasion.
3. While personal payments would take time to get resolved, the withdrawal to Indian bank account should be active soon. Though that would take some time aswell. No specifics given.
What do you think?
[Updated on March 3rd: Paypal users will need Purpose Code to withdraw to Indian Banks]
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Related posts:
I don’t have credit card then how to verify my paypal account, please anyone tell me step by step process……………………Please……
@Kavi – you need to get a virtual credit card and then have your PP account verified. It would cost something like 5 to 10 USD. You can search google or I can refer you to one person I had used in the past.
@Kavi, Get one payoneer master card debit card from their partners and use that card to verify your paypal account later.
i wil make your palypal account get verified if u r intersted in sending me 10$ to my account or throw paypal.
if interested mail me ur mail id i wil come to chat then you wil get verified in 5 min…………
my mail id is raceofkimmera@gmail.com
WHY NO UPDATES OR EVEN A SINGLE POST ON TODAY IS EVERY ONE WENT TO CELEBRATE VALINTAINSDAY
@jack http://en.wikipedia.org/wiki/Netiquette Give it a read and in shot, dont use CAPS in public, unless you want to yell.
Happy Chinese New Year 2010
– Year of the Tiger
i spoke to paypal customer care they said buisness account wil also took months to rectify in india they clearlly said the problem is only with indian authorities only not with paypal they just stopped personal payements
pay pal is great i wish to live away from india
A reply I received from paypal when I asked for my reimbursement. I dint get it in one account that went negative oh god
this si getting funnier day by day
Dear XXXXXXXXXXXXXXXXXXXXXXXXXX,
Thank you for contacting PayPal.
The quickest way to get your question answered is to contact eBay
Customer Support. Here’s how:
1. Sign in to your eBay account.
2. Click “Help” at the top of most eBay pages.
3. Click the “Contact Us” link on the right side of the page.
4. Under Step 1 “Tell us about your issue” enter your question or
problem.
5. Under Step 2 “Get in touch with us” click “Email us”.
6. Enter your email address and your question / concern.
7. Select “Send a copy to my email address” if you want a copy sent
to you.
8. Click “Send.”
If your concern can be handled by eBay’s Live Help team, the “Chat With
Us” link will show on the “Get in touch with us” section of Contact Us
page. However, there are certain situations that are best handled over
the phone in which a phone number will be provided instead of the Live
Help option.
Thanks for sharing your concerns with us. We value what you have to say,
and we know situations like this can be difficult. If you have more
questions, visit our Help Center by clicking “Help” in the top right
corner of any PayPal page.
Sincerely,
Craig
Protection Services Department
PayPal, an eBay Company
I have been receiving payment through paypal after Feb 10th. There was no reversal…
I think paypal is the only method to accept payment for me.. I have small size clients and I do very small works… some times my works are few hours and my charge may be low as $40 ,$50 etc…
did anyone know whether paypal stopped reversal of personal payment ? I think only withdraw to Indian bank is blocked in paypal.
Paypal is a heaven for small freelancers like me. in Xoom for accepting $25 my client need to pay $9, which is not acceptable. in paypal its nearly $2.
Let me know if there is an alternative for small freelancers like me
You may try moneybookers.com
It Even protect merchants from chargebacks
@senso
it is good to hear that payments are not getting reversed any more. what about others? – have your payments been steady? under what heads have your clients been paying you? it can’t obviously be personal – do you send an invoice or payment request through paypal to them for getting paid? Please share this info with all of us.
Also i feel at this juncture unless we find a good alternative to paypal we should not be in a hurry to write them off – but to use it to our advantage – get the money from them to india through xoom/checks etc…
It is really silly to cut your nose to spite your face!
Hi Chitra,
Please let me know if the withdrawal to Indian Bank Accounts have been resolved?
Please also let me know any other service apart from Xoom, their transaction charges are too high
Is their any update on the situation what is going on?
hi there himanshu – no the payment to india through banks has not yet come through. requesting a check is the next best option. the paypal authorities have now waived off the $5 fee for a check withdrawal. you can opt for this – the checks are sent by ordinary post and if you have given the address right and if you have safe mail delivery you should get it within a fortnight. yes xoom transactions are high – but i guess all of us got kinda desperate a week or so ago and were worried especially since our money was in ‘no man’s land’
Thanks for the reply Chitra,
However, I tried to withdraw my money through Xoom.com, they have started denying such transactions as RBI policy says not to allow Intra India Transactions.
Our Pay Pal ID also has citizenship marked as that in India.
Is there any other way apart from check? I am in urgent need of money.
Any other service which is still working apart from Xoom
Thanks,
Himansshu H Singh…
can i not withdraw a cheque too if my account is not verified?
my monthlyu limit shows 0$ ??
I have nto got any withdrawals within this month??
@raji – same here raji – my monthly limit shows $0 too from the paypal account where there have been reversals! but my other paypal account shows $2500! maybe we should write to them or wait another month to draw the check.
yes you can draw a check if it is not verified.
wierd all my accounts withdrawal limit is 0 when i had not withdrawn anything waiting for another month god
then after that one month for the cheque to reach me .do nay one has idea of virtual credit cards?
has any one been verified recently on paypal after the issue started?
please help
Hi all, i believe u guys are encountering this problem as ur PP account may not be verified…it happened with me too..I have got mine verified using a virtual credit card…though i did it long back, not after this issue started…but yes, if you dont have a credit card, you are allowed to verify using a virtual credit card..maybe u could try to do it…
Hey there,
Don’t get into Virtual Credit card crap.
Easiest way to get verified in PayPal is using SBI..lol
If you have an account in SBI and are under 30 years of age. You can get a Yuva Card, which could be used to verify at paypal.
Yuva card is free and you dont have to pay any fees or monthly charges like creditcards. This service was started for young people in India.
Hope it helps,
Jai Hind
I myself, verified my account with the virtual credit card, it costs me $10.
Rajha, I got my card verified on 01 Feb but that did not work for even marchant payment then again I got verified on 17 feb but still paypal is denying payment. They say for the first one for the security reason that did not work, what about the second one – I do not know.
this forum acts weuird it doesnt post my posts?
First of all : This is not a forum
This is a blog and what we are posting here are comments, not forum posts. 
And anyway, the comment systems acts weird sometimes… I reply to someone and the reply posts somewhere else or sometimes not posting at all.
PayPal Update: https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/
Looks like we from now onwards have to revert back to the old ways of doing business.
Transaction cost increases…..
https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/
Paypal has gone crazy. This is what I get when trying to withdraw using check.
“The address you selected cannot be used for check withdrawal. Address lines on a withdrawal check must be 35 characters or less. Please select another address or add a new address.”
How the hell do I cram my address in 35 characters or less. And when I am trying to add a new address, this is what I get “For check withdrawal, the City, State / Province / Region, and Postal Code fields must total 31 characters or less.”
@Alok – don’t let’s begin to look at every aspect of paypal suspiciously – i guess this is the first time you are drawing the check
- true there has always been a limit of 35 characters – and i remember this even two years ago when i had do shorten Street to St. – remove the Flat No ### to just ### and shorten my name too. Just type in AP for Andhra Pradesh or Rjsthan and stuff like that you know
It is not a way to target you – that is how the system always has worked in paypal!
Yipeeeeeeeeeeeeeee! My xoom is through!!!!!!!
Chitra,
When did you initiated the withdrawal thro’ Xoom?
I did one on 9th evening and not yet credited to my account. But the Xoom system it shows as ‘Deposit in Progress – Final Update’, since last 3 days.
@Vinoj
Feb 12 i had initiated and it reached today – evening!
Don’t worry it could be different for different banks perhaps – you will get it – if not you would have been intimated that it was canceled – btw – i hope it was intra india transfer from you to you!
Yes it was – From my PP to my Bank A/C. Does that matter? My bank is with State Bank of Travancore. Could that be the problem?
Ok here is another thing that comes to my mind. Earlier(read two years ago) I had tried initiating a transfer from paypal to Bank of India – it did not come through – the bank rejected it or something. I then opened an account in HDFC and started sending funds to it and there had been no problem. If you had been able to successfully transfer funds to your current bank from your paypal account earlier I don’t think there would be a problem. If not I think you should open an account in HDFC or Axis bank and try it out! The other banks for easy transfer are ICICI/Standard Chartered as far as I know. You could alternately talk to you bank manager and clear this issue.
Thx Chitra. I was doing transfer to my current bank (SBT) from PayPal since an year or so. And it was all smooth.
I think talk with bank manager is useless… They may not even know what is paypal… 2006, my Bank manager told me he don’t know what is paypal and HDFC don’t have any tie up with the company.
Then I talked with my friends .Done a test transfer and it worked.
Good. It will come through Vinoj. So we continue to play he Wait and Watch Game! Aren’t we all doing it every since the paypal issue has come up!
Chitra, Forgot to ask you something. You mentioned that your payment got cleared today. Lemme ask you, at what time? Does this happen after normal working hours? I checked my account at 7PM, but it was not credited then.
I think credit happens between 5PM and 6PM
I checked at around 6pm in the evening to realize that the transaction was through. It had not been credited when I had checked at 4 pm.
Hi Chitra:
Did you do a transfer from your paypal to your bank account through xoom – i have tried this and it is not working. They are saying in their CS email that there is a violation of their terms and conditions. Another big problem I am facing is xoom is canceling any payment that is sent to my bank account from different clients in the US. It is really frustrating that I am not receiving any payment.
Can someone give me some input on this.
Priya
Priya,
I received my payment via Xoom yesterday.
I suggest you do the following:
1) Send money to yourself. I mean absolutely “yourself” – your name, address and phone number. So sender and receiver is the same.
2) Make sure you select direct bank credit – not cash pick up or anything.
3) Keep tracking it to see if the Xoom status has moved into the next stage.
4) Any questions – call their Indian support number : 01242575678
Mail me if you have any issues. Hope it helps.
Hi MJ,
I have tried Xoom for withdrawing from Paypal account.
But everytime the transaction gets cancelled.
Could you please advise as to how to get it processed.
I have contacted Xoom through email and they replied
That there is some sort of voilation.
Nazir,
Why dont you call them? It’s a local number: 01242575678. Also double check if you’ve followed my guidelines above.
Hi MJ,
I have contacted them on the no given by you, but
they told that the customer service of zoom will
contact you by mail. I have emailed them but they
give the same answer. They are not being clear
. Can you suggest some alternate method for
getting the payment from paypal.
Hi MJ
All the details are the same – I will call xoom today. Also you had mentioned about virtual credit card, can you let me know if there are statements that can viewed for virtual credit card – I want to create a new account in paypal and use virtual credit card to verify it. But how would I would the amount of the 2 withdrawals they would do on my virtual credit card.
Priya
Priya,
Ok – so:
a) Create a new PayPal account
b) Get a VCC
c) Have the new PayPal account verified
d) Withdraw using Xoom in your own name to a bank account.
e) Use Xoom coupon code.
You can do all this today itself. You should have the funds in your account tomorrow evening.
To answer your question:
When you buy the VCC – it will cost you about $10. The card will have enough funds to verify your PayPal account. The card will be pre-loaded for $2 to $3 – so don’t worry about that.
MJ that would be great.
I thought to get the paypal verified we would need to verify with them the 2 withdrawals they make from credit card (find out the 2 amounts from credit card statement and then enter this in our paypal account) – is it different with VCC
Priya
You’re right Priya.
So let’s say you buy the VCC from John Smith. After you buy the VCC from this guy – he will give you the 16 digit MasterCard or Visa number.
This you will enter into PayPal as usual for verification.
PayPal will then charge that VCC for small amounts (you know this already).
You need to ask John Smith for the 4 digit code that PayPal used when charging your card.
Once he gives this 4 digit number (my contact gives this in about 2 to 3 hours), you will need to enter this into PayPal and you’re done.
Yes, it’s as simple as that.
Hi Vinoj….similar thing happened to me. I inituated transfer on 11th from Xoom, the status shows deposit in progress-final update since today morning. Really do not understand what it means….
Anil
Anil, When I checked with them, I was informed that – ‘the transaction is appearing as completed in our system. We request you to wait for 24 hours and the funds will be deposited into your account.’
They send this message on Saturday.
Hui Vinoj…in my case too Xoom says that “Deposit in Progress-Final update” since today afternoon but amount has so far notr been credited to my Axis Bank account…really do not understand much what Deposit in progress-final update means…bit worried….I initiated transfer on Feb 11, 2010.
Anil, I initiated mu two transfers on 09th. But still no clue!
Vinoj in my case for the last couple of days the status was partner processing that changed today in the afternoon to Deposit in Progress-final Update…..what does it mean…I am clueless…as money has not come to my bank account so far
Anil, As far as I was informed by the Xoom people, it may take another 24 – 48 hrs to reflect the amount in your Bank a/c.
But what the hell Deposit in Progress-Final Update means…..???? I really do not understand this
Okhey guys!! Here I covered some of you who were helping others get over the paypal’s stand-off.
http://www.pluggd.in/helpless-indian-technopreneurs-rescue-themselves-go-social-asap-297/
Do gimme a comment if I missed something relevant. Off to sleep now..:-)
?@arvind
Good one!
Good night!
Alertpay is good right now when paypal is not working. I got a few of my transactions reversed so I switched to Alertpay for the time being..let us see..if paypal gets back to normal then I would also get back to paypal..Thx
Hello Experts ,
Is IE code mandatory for software exporters ?
How many is this forum have IE Code ?
Regards,
Jacob
It is mandatory…
http://www.dgft.org/IEC_Code.html
See the full form of IEC code there..
“Importer Exporter Code ”. To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number
Verifying paypal account through debit card
If you want to verify your paypal account with debit card – here is something i found out – it is through hdfc debit card
http://www.hellogiri.com/verify-paypal-account-hdfc-netsafe-vcc/
Also for those of you who still have not got your reversal fee back from paypal – write to them with details – they will do it with 24 to 48 hrs.
Only of my reversal fee charge had been credited when paypal decided to make good the loss. I then wrote to them giving them details of another one two days prior to this one – they have now credited that too.
Hi everybody,
Have you all withdrawn your money from paypal? Please advice, as I am not able to decide if I need to so immediately.
Also, what mode of payment are you currently opting for? Paypal or Xoom?
Thanks
Have you guys received forex fees and reversal fees from paypal ?
I had contacted them on 10th, they told me they will refund in 72 hours.
Today is 17th and still no refund.
oh my God!!!!!!!!!!!!!
oh my God!!!!!!!!!!!!!
I am flattered with the Xoom service. This was the first time I was using Xoom, and I was very confused because of a lot of negative Xoom reviews. In fact, I have even consulted with senior members in the post like Rahul Nimawat. With a lot of ambiguity in my mind I have initiated my first Xoom transaction today morning. and, I have received the funds in just 9 hours
I repeat,
———————————————————————
I HAVE RECEIVED THE FUNDS IN JUST 9 HOURS IN MY ICICI BANK ACCOUNT
——————————————————————–
here is my transaction log:
Feb 17, 2010 06:02:08 PM Transaction Completed
Feb 17, 2010 10:02:05 AM Deposit in Progress
Feb 17, 2010 08:54:06 AM Transfer in Progress
Feb 17, 2010 08:54:05 AM Payment Verified
Feb 17, 2010 08:54:01 AM Payment Processing
Feb 17, 2010 08:50:02 AM Xoom Processing
At 6:02 Xoom Notified that the transaction is complete, and 6:03 the money was there in my bank account.
Before doing this transactions I have done a little research and even called Xoom customer care. I would like to share it with you:
Things to remember with Xoom:
1. You must be having Indian PayPal account ( that is why you are looking for the way to transfer the funds which is stuck in your PayPal account now).
2. Your Indian PayPal account should be verified.
3. Your e-mail ID, by which you have created your PayPal account, you should use the same e-mail ID to create the Xoom account ( why to take risk?)
3. Your name should be exactly the same in your PayPal account, Xoom account and Bank account ( I mean exactly same, no negotiations, no question asked).
4. Your postal address in your PayPal account and your Xoom account should be exactly the same ( exactly the same, even in a difference of a comma (,) will not be tolerated)
5. Your phone number should be exactly the same in your PayPal account and Xoom account. also, while sending the money via Xoom ( you will be the sender and receiver both) – therefore your postal address and phone number should be the same ( recipient and sender)
6. You must choose only bank deposit ( you cannot opt for cash pickup)
7. The moral of the story is if you are having a verified Indian PayPal account, then you can transfer the money only to “yourself” via Xoom ( there may be some lucky guys who have done the successful transactions by not following the rule.
8. Xoom Indian customer care number is 1800 180 1233. This is a toll number so don’t hesitate to call them
. by the way, Xoom customer care people told me that I will receive my money within 2 days but I have received my money in just 9 hours 
9. try to break the rules, and suffer the risk of get your transaction canceled.
10. I have also received a Xoom coupon, therefore my transaction was completely free of cost
:):):):):):):):):):):):):):):):):):):):):):):):)
11. Last but not the least, thanks a lot RAHUL NIMAWAT for your valuable support.
I would like to answer your questions ( if I am knowledgeable enough)
–
Ram Kumar Pandey
I am glad if I was able to help you and you were successful in your endeavor.
Cheers!!!!
Hey RK,
I have initiated my xoom transfer just 30 min back after reding your post about the successful transaction.
I hope my payment will be through just like yours
Regards,
Varma
Good luck!
Dear Rupak Banerjee,
Thank you for reaching out to us. I?m contacting you on behalf of
Farhad Irani regarding your email below. I would like to offer my
sincerest apologies in regard to this situation. We realize that this
situation is extremely difficult and frustrating. Please be assured that
we?re working with the regulators and our bank processing partners in
India to get this resolved as quickly as we can. We realize that this is
causing considerable inconvenience to our customers and we want to
reassure you that this is a top priority for the leadership at PayPal.
At this time we do not have a specific date for resolution to this
issue. Any updates that we receive will be posted to the PayPal blog
http://www.thepaypalblog.com.
Thank you for your patience and understanding regarding this issue. If
you have any other questions or concerns, please do not hesitate to
contact us again.
Sincerely,
Lisa
PayPal, an eBay Company
If my paypal account is not verified,can I still withdraw money from my paypal account through XOOM.Please advice
Devinder,
I am not sure – but I strongly advise you against it.
I mean – it’s likely to be returned to you. It costs about $10 to get verified – why don’t you use that with a coupon code? That would be what I would recommend. It has worked for me.
Hi MG
Thanks for the guidance.
But what is coupen code and how do I get it from paypal?
MJ – Can you let me know details of the website that sells the virtual credit card – i would like to buy a $10/- VCC
Priya
Catch me at gtalk : harmonyinfotech. I know someone who can provide you the VCC.
Sure – mail me at mervynj AT gmail DOT com
To summarize, I’ve used CCAvenue, PayPal & Xoom – and for right now, I think you should continue receiving your payments to PayPal and then withdraw via Xoom.
I am talking to a few relatives and other contacts in the US and Canada – let me see what they’re coming up with as a low cost solution.
I have also spoken to some senior people at HDFC and then assure me that wire-transfers are done in 2 business days.
Apparently, larger IT service companies have an entity (branch office or registered company) in US etc – and they receive their payments at their respective local offices and do a transfer pricing (whatever that means).
If not for the prohibitive costs, we could all do this!
My transactions per client are in the $500 to $1000 range – so I am not sure what to do exactly – but will surely share it with all of you if and when I do find a workable solution.
But what is coupen code and how do I get it from paypal?
There is a procedure in PayPal to lift the monthly limit as Paypal will send small amounts to the account.
Is this procedure VALID in the current scenario which is going in
transactions in India?
Will my PAYPAL account get verified in the current scenario?
Will the small amounts will be reversed back in PAYPAL account?
Also Please let me know , what is coupon code?
Please guide.
Thanks,
Davinder’
Devinder,
Coupon code is a discount code for Xoom – GIMF.
About your PayPal getting verified – I don’t know see why not.
Hi Everyone,
I suggest you guys to use moneybookers.com. It works fine. Withdrawl fee is just Euro 1.8 for wire & Flat conversion rate of 1.9%. You can withdraw funds through wire transfer & cheques. Moreover it also protects you against chargebacks.
Deadline for licensing was 6 months after August 12 2008.
http://www.sec.gov/Archives/edgar/data/1065088/000119312510033324/d10k.htm
“PayPal has suspended personal non-commercial payments to Indian accounts, and intends to apply for a license from the Reserve Bank of India”
“Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Jose, State of California, on the 17th day of February, 2010.”
“John Donahoe
President, Chief Executive Officer and Director”
Hi
My Paypal account is not verified. Can I get it verified under the current scenario which is going on?
Can I send my paypal money to Xoom even though my paypal account is not verified?
Please guide.
Dev
yes you can by using a virtual credit card. It will cost you around $ 10.
I am verified my PP account by bank details…xoom accept bank transfer??
i am verfied my PP account with bank details , may i transfer money with xoom???
Why don’t you try – you have nothing to lose. Make sure you do only bank deposit and only transfer to yourself.
hi all,
As I was urgently in need of money,I withdrew money from paypal to my bank acc on 15th… usually it ll be credited in 3days… but even after 1week i hav not received money in my bank acc…
only now i read on news tat paypal to bank transfers are currently suspended… am really worried now… wat wud happened to my money??? wil it be reversed to my paypal acc??? because i hav not received any notification yet… kindly help me…
Guys,
I think you can trust Xoom – this is my 3rd transaction and this one came in about 10 hours. I think that’s awesome.
Hello Guys,
I know a person, who can transfer the funds in the Indian bank accounts, and you can pay him in Moneybookers, PayPal. He charges 20%.
20%?? Isn’t that very high?
Yes, he is taking the advantage of the situations. But atleast there is a way out to get the funds.
Man… this stinks!
Hi All,
I have successfully done the transaction with xoom.
It took me one day to get the funds.
I spoke with xoom customer care guys and they are very helpful.
By gods grace i didnt have any bad experiences till now with my two transactions
Regards,
Sudheer Varma
Lucky you buddy. XOOM has just stopped processing the payments for intra-India transactions as well.
Hello,
How are you all doing ?
Have you got your -ve balance fixed by paypal ?
I sent them 5 emails, they say 24-48 hours, within 72 hours and haven’t fixed my -ve balance yet.
I would like to know if I am the only one left with -ve balance.
Thanks
hi need help
is there any way so i can use the paypal to buy some thing in india like ac flat tv accories or any shares any thing which can be converted to indian money easilly
jack
Xoom transfer is not working now.
I received transaction cancellation mail within 15 minutes.
Hi, I registered in moneybookers and when I try to add my banl account they are asking for swift code. I have a account in SBI and my branch do not have swift code. Can you suggest something to overcome this situation.
thanks.
Hey Guys,
There is no post from any one since 4 or 5 days about this.
Please let me know if the problem of withdrawal to Indian Bank A/Cs is resolved??
Thanks in Advance
Even Xoom has now stopped withdrawing facility…just called Xoom and they said they will not be able to do it till RBI permits them to do so.
Anil
Hi People,
Xoom.com has stopped sending payments, if the payment was initiated from Indian Bank Accounts.
Any other service options people?
Thanks,
Himansshu H Singh…
EVEN XOOM SUSPENDS WITHDRAWL TO INDIA
XOOM’s CS REPSONSE:
Thank you for contacting Xoom customer service with your concern. Please note that as per recent RBI guidelines, intra-India transfers through Indian paypal accounts are no longer permitted. We have no time frame, when these restrictions will be lifted. you may check back in 2-3 months. Kindly respond to this email if you have any other queries.
Paypal emails today saying bring your balance to zero or positive amount.
The account is negative because of reversals and forex fee crap paypal did in first week of February.
What can be done ?
@hello benjamin
can u please help me how this credit card withdrawl method work? does it work with axis corporate gold card?
please guide me in the right directions and give some step by step instructions what should i ask to my bank.
thanks
Hello Guys,
XOOM is not working from 21st of February. It’s getting worse.
Any new codes for xoom? The old ones seem not to work! B/w what’s this fuss about xoom not working?? I withdrew a hefty amount the last week but never tried it again? Is something wrong?
Hi Aryan…Xoom too has stopped the facility …three days back
Anil
Ok so any other alternatives than Xoom?
Paypal cheque or CC withdrawal from paypal.
Any new codes for xoom? The old ones seem not to work! B/w what’s this fuss about xoom not working?? I withdrew a hefty amount the last week but never tried it again? Is something wrong?
Has stopped working from 21st of February as well.
@hello benjamin
Can you please guide me how to withdraw paypal funds to credit cards.
I have axis bank card. is there any fee charged for this?
whats the process. please help
Hey,
Have you tried http://nochex.com/personal-account/
Not quite sure if it supports paypal!
Anybody know paypal to moneybooker exchanger………I searched google but i didn’t find one…Please help me…..
I heard that in the cheque withdrawal page PayPal says that the cheque cannot be cashed outside of the US???
I think the best way is to get a friend in the US or Canada and ask him to create a PayPal account and transfer via his account through Xoom or something.
No Sir….paypal cheque works fine in India. XOOM has been suspended it’s operations as well.
Is Xoom not working also. Can we receive fund with Xoom from US or has it been suspended, as well??
Suspended my friend.
only intra india is suspended. funds from US should be working fine.
Bad news for all you guys who were trying the XOOM method – XOOM doesnt allow for Intra-India transfers any more. Now, what would you guys do?
Wallah – I have found a new option of the entire muck… Plimus… This service gives you an option between a Prepaid card from Payoneer or Bank transfer… The only issue is they do a monthly once transfer of the amount… You can load money to your Plimus account through Paypal… and get paid from there….
Why dont we force Pay Pal to transfer the money via Wire transfer for time being.
They are doing this for their resellers of ebay….
Because, India’s regualtor RBI is not allowing them to process the wire transfer.
Can anyone update on the time taken for a PayPal cheque to clear? IF I withdraw on day 1, when can I have the funds in my account?
4 weeks at-least.
I am going to get a card from SBI to withdraw money from Paypal.
Which card will work in Paypal?
Which card of SBI will work in Paypal to withdraw money?
If you are working at Elance, then you can initiate a wire transfer. I have received the funds in less than 24 hrs.
ICICI Bank charges 25/- for an incoming wire transfer,
Hi. I transferred $175.10 on Feb 10 and it showed completed status on my PayPal account the next day but the amount never reached my HDFC bank account till now.It was after 11 Feb that I came to realize this PayPal issue , but it was too late. The money is still not refunded back to my account. what do I do now ? did I just loose $175.10 and I won’t ever get it back ?
where did my post go ? i cant find it ?
Hi
Has anyone used the withdraw by cheque option recently. Is the cheque in $ or rupees. In how many days does the cheque arrive.
Also, is the cheque sent by ordinary mail (Indian postal service).
Thanks
Sunny
The cheque is Rupee. It’s takes about 3 weeks for the cheque to come in India.
is Xoom also not working to receive funds from US. I spoke to the customer care both in US and india, they are saying its working fine but some blogs are saying otherwise. Has anyone received money oflate via xoom. Let me know
No, it’s not working for intra India transaction. Ie. for paypal a/c originating from India, will not able to pay for any transaction in India.
Other transaction are working.
Hi All,
Pay pal has resumed the payment to India, there is update on their blog –
https://www.thepaypalblog.com/2010/02/resuming-local-bank-withdrawals-to-india/
** But now RBI has instructed them to ask for some export code, god knows how software guys will be giving the export code
Anyways, farhad irani has said that they will be back more on this by 3rd of March.
Wish luck to all of us that there is no F thing Export Code from Indian Govt. on us.
Himansshu H Singh
Thats really a good news and a bad one coming to this export code, I googled a bit and we can get the export code by applying for it in 2-3 days time. No idea much on this, I am waiting for some senior ppl to comment on this export code stuff.
Regards,
Sudheer
Hi,
Strange! The RBI is still talking as if we are living in the Khadi Gram Udyog Vikas age
What if I have a blog and I earn some money from Pay Per Click advertisements (PPC)? What if am an affiliate earning affiliate commissions because my blogs refer customers to firangi vendor websites and the firangis pay me commission via PayPal for referring a customer? What if I am a freelance programmer getting paid to write odd Java scripts for the firangis? How am I supposed to get this “Export Code” when there is nothing tangible that I have exported???
Jya ho bhayya, jya ho!
Export doesn’t mean tangible product. What you are exporting is service.
Good news guys – got a mail from paypal saying they are resuming bank transfer from March 03. This is the message that I got as I am sure all of you too would have.
———————-
Message Begins:
We have been diligently working with the RBI and our business
partners to resume Indian bank withdrawals for the thousands
of Indian businesses who depend on PayPal to sell their goods
or services in the global marketplace.
Today, we are happy to announce that the RBI has allowed us
to continue local bank withdrawals for settlements for exports
of goods and services. We are currently making changes to
comply with Indian regulations for settlements for exports of
goods and services, and we anticipate that, as of Wednesday,
March 3rd, customers will be able to use our
bank withdrawal service.
As part of the changes, you will be required to fill out a
new field entitled ‘Export Code’ when you request a withdrawal.
This information is required under the current laws of India in
order to identify the nature of cross-border merchant transactions.
On Monday, March 1st, we will be back in touch with specific
instructions on how you can move your money into your bank account.
Moving forward, the RBI has told us that PayPal needs specific
approvals to allow personal remittances to India, which we
currently do not have. Until we get these approvals, personal
payments into India will remain suspended. However, if you are
an exporter, you will continue to be able to use the PayPal
service for payments of goods and services. In fact, with the
changes we are making to our system, PayPal is now set to be a
more powerful engine for exporters in India. With purpose codes
for export transactions and FIRCs (Foreign Inward Remittance
Certificates), you should now be able to get the export
related benefits you seek.
You can check the PayPal blog for additional updates.
http://www.thepaypalblog.com
We thank you for your business and for your patience during
the past few weeks.
Sincerely,
PayPal
Message Ends
__________________________
Looks like Personal payment withdrawal is still blocked and this is the e mail I received from paypal just now..
We have been diligently working with the RBI and our business
partners to resume Indian bank withdrawals for the thousands
of Indian businesses who depend on PayPal to sell their goods
or services in the global marketplace.
Today, we are happy to announce that the RBI has allowed us
to continue local bank withdrawals for settlements for exports
of goods and services. We are currently making changes to
comply with Indian regulations for settlements for exports of
goods and services, and we anticipate that, as of Wednesday,
March 3rd, customers will be able to use our
bank withdrawal service.
As part of the changes, you will be required to fill out a
new field entitled ‘Export Code’ when you request a withdrawal.
This information is required under the current laws of India in
order to identify the nature of cross-border merchant transactions.
On Monday, March 1st, we will be back in touch with specific
instructions on how you can move your money into your bank account.
Moving forward, the RBI has told us that PayPal needs specific
approvals to allow personal remittances to India, which we
currently do not have. Until we get these approvals, personal
payments into India will remain suspended. However, if you are
an exporter, you will continue to be able to use the PayPal
service for payments of goods and services. In fact, with the
changes we are making to our system, PayPal is now set to be a
more powerful engine for exporters in India. With purpose codes
for export transactions and FIRCs (Foreign Inward Remittance
Certificates), you should now be able to get the export
related benefits you seek.
You can check the PayPal blog for additional updates.
http://www.thepaypalblog.com
We thank you for your business and for your patience during
the past few weeks.
Sincerely,
PayPal
Thank God… I have the Export Code with me… waiting for 3rd March to withdraw all my money and start using PayPal again like normal.
Hi Rahul,
I agree its a great news for all of us. B ut unfortunately i dont have this export code which seems to be mandatory now, Can you please guide me with the process of aquiring that, I am a freelancer and not a company owner.
Regards,
Sudheer
We have been diligently working with the RBI and our business
partners to resume Indian bank withdrawals for the thousands
of Indian businesses who depend on PayPal to sell their goods
or services in the global marketplace.
Today, we are happy to announce that the RBI has allowed us
to continue local bank withdrawals for settlements for exports
of goods and services. We are currently making changes to
comply with Indian regulations for settlements for exports of
goods and services, and we anticipate that, as of Wednesday,
March 3rd, customers will be able to use our
bank withdrawal service.
As part of the changes, you will be required to fill out a
new field entitled ‘Export Code’ when you request a withdrawal.
This information is required under the current laws of India in
order to identify the nature of cross-border merchant transactions.
On Monday, March 1st, we will be back in touch with specific
instructions on how you can move your money into your bank account.
Moving forward, the RBI has told us that PayPal needs specific
approvals to allow personal remittances to India, which we
currently do not have. Until we get these approvals, personal
payments into India will remain suspended. However, if you are
an exporter, you will continue to be able to use the PayPal
service for payments of goods and services. In fact, with the
changes we are making to our system, PayPal is now set to be a
more powerful engine for exporters in India. With purpose codes
for export transactions and FIRCs (Foreign Inward Remittance
Certificates), you should now be able to get the export
related benefits you seek.
You can check the PayPal blog for additional updates.
http://www.thepaypalblog.com
We thank you for your business and for your patience during
the past few weeks.
Sincerely,
PayPal
Update in the Paypal blog : withdrawals will be resumed by 3rd of March.
http://www.thepaypalblog.com
Xoom is also Doomed !!! They have blocked payment if you are uploading find from pay pal to zoom and then to local Bank…
All are equally bad !!!!!!!
Good news guys! Got a mail from paypal saying they are going to make transfers from March 03 – with a minor stipulation.
Here’s the text. I am sure all of you would have got it too!
——————-
We have been diligently working with the RBI and our business
partners to resume Indian bank withdrawals for the thousands
of Indian businesses who depend on PayPal to sell their goods
or services in the global marketplace.
Today, we are happy to announce that the RBI has allowed us
to continue local bank withdrawals for settlements for exports
of goods and services. We are currently making changes to
comply with Indian regulations for settlements for exports of
goods and services, and we anticipate that, as of Wednesday,
March 3rd, customers will be able to use our
bank withdrawal service.
As part of the changes, you will be required to fill out a
new field entitled ‘Export Code’ when you request a withdrawal.
This information is required under the current laws of India in
order to identify the nature of cross-border merchant transactions.
On Monday, March 1st, we will be back in touch with specific
instructions on how you can move your money into your bank account.
Moving forward, the RBI has told us that PayPal needs specific
approvals to allow personal remittances to India, which we
currently do not have. Until we get these approvals, personal
payments into India will remain suspended. However, if you are
an exporter, you will continue to be able to use the PayPal
service for payments of goods and services. In fact, with the
changes we are making to our system, PayPal is now set to be a
more powerful engine for exporters in India. With purpose codes
for export transactions and FIRCs (Foreign Inward Remittance
Certificates), you should now be able to get the export
related benefits you seek.
You can check the PayPal blog for additional updates.
http://www.thepaypalblog.com
We thank you for your business and for your patience during
the past few weeks.
Sincerely,
PayPal
————————–
Yes, got the mail from Paypal today morning. I had been postponing this for a long time, but I think its a good thing to get things straightened the legal way.
First thing im going to do on monday morning is to meet my CA and get things started for IEC.
The exact news -
Paypal is going to start withdrawal to local bank accounts from March 3. But the clause is, a new mandatory field has to be filled in. Thats the IEC.
Had planned for it a long time back but my CA suggested that I wont need it unless the revenue crosses 25l a year. But its better to get it done anyways.
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 purely frustrating, destroying & 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.
You post is funny and abusive.
PayPal
Dear yyyyyyyy xxxxx,
We have been diligently working with the RBI and our business
partners to resume Indian bank withdrawals for the thousands
of Indian businesses who depend on PayPal to sell their goods
or services in the global marketplace.
Today, we are happy to announce that the RBI has allowed us
to continue local bank withdrawals for settlements for exports
of goods and services. We are currently making changes to
comply with Indian regulations for settlements for exports of
goods and services, and we anticipate that, as of Wednesday,
March 3rd, customers will be able to use our
bank withdrawal service.
As part of the changes, you will be required to fill out a
new field entitled ‘Export Code’ when you request a withdrawal.
This information is required under the current laws of India in
order to identify the nature of cross-border merchant transactions.
On Monday, March 1st, we will be back in touch with specific
instructions on how you can move your money into your bank account.
Moving forward, the RBI has told us that PayPal needs specific
approvals to allow personal remittances to India, which we
currently do not have. Until we get these approvals, personal
payments into India will remain suspended. However, if you are
an exporter, you will continue to be able to use the PayPal
service for payments of goods and services. In fact, with the
changes we are making to our system, PayPal is now set to be a
more powerful engine for exporters in India. With purpose codes
for export transactions and FIRCs (Foreign Inward Remittance
Certificates), you should now be able to get the export
related benefits you seek.
You can check the PayPal blog for additional updates.
http://www.thepaypalblog.com
We thank you for your business and for your patience during
the past few weeks.
Sincerely,
PayPal
Copyright© 2010 PayPal Inc. All rights reserved.
Consumer advisory: PayPal Pte Ltd, the Holder of the PayPal™
payment stored value facility, does not require the approval of
the Monetary Authority of Singapore. Consumers (users) are advised
to read the terms and conditions carefully.
Hey , did anyone have this problem I am facing. I did a transaction of $175 some 2 weeks ago and the status shows complete in my PayPal account but it never reached my bank account. I wrote to them but they only replied a ready made answer that “we are working on resuming transactions to India”. Why didn’t I get the payment reversed. What do I do now ?????? Please Help
Paypal has sent an email saying about the resumption of withdrawals to local banks for exporters…But what is goin2b done for personal withdrawals can we also withdraw just lik them??any idea
I understand from 1st March PayPal will start bank transfer, but IEC code has to be given during withdrawing money to bank transfer. To get the IEC code one has to be registered with DGFT and any tranfer of money has to be shown as export earning and return of exports done has to be filed at the end of each year. Any body have better knowledge on IEC code business.
I understand from 1st March PayPal will start bank transfer, but IEC code has to be given during withdrawing money to bank transfer. To get the IEC code one has to be registered with DGFT and any tranfer of money has to be shown as export earning and return of exports done has to be filed at the end of each year. Any body has better knowledge on IEC code business?
The details purpose code list. http://www.rbi.org.in/scripts/PublicationReportDetails.aspx?ID=292#a31
https://www.thepaypalblog.com/2010/03/new-bank-withdrawal-instructions-for-our-customers-in-india/
Great news for all freelancer, small companies and coders, you don’t need to grab a IEC code to withdraw your PayPal credit to Bank now.
PayPal’s latest blog posts https://www.thepaypalblog.com/2010/03/new-bank-withdrawal-instructions-for-our-customers-in-india/ clarifies that you just need to use the “purpose code” which is different then IEC and they provide a lost of purpose codes for you to use depending on your type of transaction.
Surely a welcome move by PayPal and no need to take pains of having an IEC code by small companies and freelancers.
Wish you all Happy Holi.
Hi People,
I feel that Pay Pal and Indian Govt. has done what is right & legal.
Infact they have just organised things little bit, its nothing as if our Govt. does not wants us to do Business.
Purpose Code will help Banks and other agencies to track the transactions easily & effectively.
We have been blaming Indian Govt. and Pay Pal but I can understand that it happens when we have no idea what is going to happen in future.
On the other hand I tried lots of services to Invoice my Clients located in Western Countries but truly speaking none of the service has easy mechanism as Pay Pal.
More over few clients got their money stuck in Moneybookers and now I have a type of blame from them by referring those sites.
If we have written so much against PP and RBI then it is our duty to praise them this time as they have done something logical and good for us and our nation as well.
Remember, we need to cooperate our Govt. on security and illegal laundering of money issues.
Thanks,
Himansshu H Singh
I think xoom started blocking all payment from paypal to Indian bank. They just refunded all my tranaction placed this week.
Mar 02, 2010 10:39:14 AM
Refund in Progress
Mar 02, 2010 10:36:40 AM
Cancellation Started
Feb 26, 2010 09:02:00 PM
Deposit in Progress
Feb 26, 2010 07:41:43 PM
Transfer in Progress
Feb 26, 2010 07:41:12 PM
Payment Verified
Feb 26, 2010 07:41:01 PM
Payment Processing
Feb 26, 2010 07:38:23 PM
Xoom Processing
Update: You need purpose code to withdraw money from Paypal
?http://www.pluggd.in/how-to-get-purpose-code-for-paypal-withdrawal-297/
Hi guys…its been long since i posted something last here, but anyways, the new move from PP is certainly a welcome move for all of us.
However, when i selected the ‘Withdrawal’ option today to request for money transfer, it asked me to add a US bank account. Not sure what that is…any idea anyone? Anyone facing similar problems??
ha ha ha
Wait until 3rd March to initiate a withdrawal.
Rahul…I tried again now, after it is 3 march US time…still the problem persists….any piece of wisdom from ur end???
Option of withdrawal to local India banks is showing up now. Please check.
Amit S
You are the man!!!!!!!!!!!!!
Thanks so much for providing so fast updates.
Now you got what I mean to say.. hehe
Any thing working on the Paypal front? For me, when i selected the ‘Withdrawal’ option today to request for money transfer, it asked me to add a US bank account. Not sure what that is…any idea guys?? Anyone facing similar problems???
HI,
They said they will resume from 3rd march. this is according to CST time and not our time. SO you ned to wait for some more time to try it out.
Regards,
Sv
I have Indian Pay Pal Account and want to withdraw my money in Indian Bank Account through xoom or any other way, so can any one help me in this regard. As I have tried it but it was cancelled by xoom so what should I do Now?
Hello,
It is already end of day of 3rd March and according to Farhad everything should have been resolved..
We are eagerly waiting for purpose codes and withdrawal tab to work..
Its almost past 3rd March and yet Paypal is not allowing withdrawals to my local bank. Also, I have a dropshipping arrangement for selling products on my website. My dropshipper ships these products from US to US & worldwide. Is P1007 the right paypal purpose code for me then. My site is not registered with any govt. agency, i.e. I just launched it and started accepting payments from my customers through paypal.
Yes Pareek I just logged in and Pay pal seems to have no Answers yet..
probably wait and watch policy I guess
I spoke with a rep…They are saying that it is being updated now…We will be able to withdraw by E.o.d CST or by tomorrow.
Let’s see
Hey Rahul,
Just left a reply and but could see it, so typing it all over again.
Its almost end of 3rd of March, and paypal is still not transferring funds to local banks.
Also, I sell health & wellness products at my website under a dropship arrangement with a US Company. It dropships my orders from US to US & worldwide. I accept payment from my customers through paypal (my site is a proper ecommerce website with paypal integrated). So is P1007 the right purpose code for me.
Hi,
Have you guys been successful in transferring funds form PayPal to your bank accounts?
PayPal withdrawal working now.
Did you put the purpose as Software consulting ?
HAPPY NEWS !!!!!
Paypal just resumed withdraw to Indian Banks !!! You can do it now !!!!
Yes, it is working now.
Thanks
Yipee!! It has finally started…go ahead guys, and grab ur money!!
(party)
I wont rush to withdraw all my fortune from there. Exchange rate is pretty bad for that right now.
I will wait for it to go up a bit and then only I will withdraw it.
Same here actually…infact I would wait for another reason too… I just wanna hear ppl shouting out from their rooftops that paypal has transferred money to their bank accounts…
I am scared that what if I again place a withdrawal request and it gets suspended!!
hehe Playing safe!!
Just initiated a transfer of $200
I don’t care about the rate…As long as I get the money out of paypal! It’s been a long time since we have waited and you never know when they change the policy!!
Even if they gonna change any policy, I can always use my money to pay bills online and other stuffs. They cannot run away with my money anyday.
Yeah, I also initiated a sample withdrawal for 1000$ to “test” the procedure and check how my Bank will react (in case!).
lol you bet! Unfortunately for me, I don’t have any bills or anything else to be done online! All I am left is to get the hard cash $$$$
@Rahul
$1000 is test amount for you ? I think you must have tried a small amount. Presume that $1000 is not a big amount for you. I don’t even earn $1000 a month.
What do you do? Drop me an email and may be I could provide you some tips to get started in this world of wild wild web to earn 1000$ for yourself also.
You know what….you guys brain washed me…I too initiated a transfer of $200. Now just waiting for the good news of transfer to come…DESPARATELY!! LOL
lol priyanka, I am glad that you are convinced
Hi,
Please, tell me. at which address paypal will send echeque ?
It’s not a echeque. But, a normal cheque which will be send to the address registered with paypal.
paypal made my account a limited account.
i cant withdraw money or use my money for any online purchases too
they ask about the source of money and details of receipt.as i am a freelance photo editor /designer, dere is no receipt given to my customers.
any sujessions?
I had a similar problem a few months ago…I too did not have receipts to show them. So I called up the customer care and told them my situation. However, they asked for my photo ID proof, for which i gave my driving license (note:They did not accept my Election card as a valid proof…) and bank account statement to be submitted. So I got it scanned and then uploaded..However, you will need to call them time n again and harass them for this… I think i called them almost 25-30 times in a span of 4 days…and finally they checked it and the issue got resolved. So just get started…go out…shout at them, harass them, give them ur docs (as many as u can)…and u will see it is sorted. Best of luck dude!!
i will do that.thanks for this info priyanka.
leme call 1st and ‘l tel wat hapend.
Please let me know the contact number of paypal as my account is limited.
bro, dont worry.
that procedures will take time.my money stuck there lik for 1 month.its nothing more than that priyanka told on above post.
but for me i cannot submit the receipts as i dnt hav any.after long time arguements they let me withdraw my remaining money in paypal,but my account is still limited one.
the only thing u have todo is call customer care.
it’l b good if u call them siting in front of a computer and ur paypal logged in.
good luck bro.
once again thanks for priyanka !
I too had this problem last year. Check the Resolution center and submit the necessary documents.
done that already, they need more details.including shiping and receipt given to my clients. that i dont have.
thanks for the reply !
Hi Navin…when did you try to withdraw amount from Paypal…
Anil
i did it on february, it didnt worked.they reversed it to paypal 3 days back.making my account to a limited one.
I initiated a test withdraw through paypal yesterday. Now paypal status is completed. I will let you all know when my bank is credited. Please reply if anybody got money credited to bank
Hi Jacob,
I initiated a transfer on 4th, and have the money in my account today..
hey guys did any of u withdraw money? is requesting a check safe and can we trust them ? or can we initiate a withdrawal to the bank now by providing purpose code?? Do telme guys..thnx
can any1 telme…did u get money in ur banks aaft providin the purpose code guys?
Sorry if this question has already been answered but wanted to ask: Is there any way to add fund on Paypal account via Indian bank account?
No….
I initiated a withdrawal on 4th March. Paypal said completed on that day, but I haven’t received it yet. Did any one received payment? I am worried again.
Dont worry dude, You will get your funds by today or tomorrow for sure.
banks will take 3-5 days to transfer the money. Saturday is a half day and Sunday is a holiday otherwise you should have got the money by now.
DOnt worry u will get it today or tomorrow then call me for a cup of coffee
I GOT IT. PAYPAL ROCKS
I tried to withdraw money from paypal to my ICICI bank account on 10th March but I haven’t received it till now.
Any idea? When will it be transferred?
Hy I too have a similar problem…I initiated a withdrawal on March 10th too…and still have not got the money. I transferred to HDFC…
same here. requested withdraw on 10 th march to ICICI bank a/c. Paypal showing tranfer complete for last 4 days but so far no deposit. ???
Hi Guys,
I just got the funds from paypal to my bank account
Regards,
Sudheer
Great news my friend……
Got my money today as well!! WOOT
There is a service called Remit2India, which is based out in Mumbai. They have an option for receiving International Payments for SMEs / Freelancers. If you need more info, do call me 9967040302.
Hi guys, Money in my SBI banl A/C.
Paypal asking for PAN number. is it safe to put the details?
They are idiots..I am trying to enter may PAN NUmber and it says Invalid PAN NUmber…We need to sue Income Tax department for giving us a wrong / fake PAN NUMBER !!!
Hi Adrian,
Dont leave a space…then it will accept the PAN number…for example ur PAN number is ABCD 1234C then WRITE ABCD1234C without any space in between.
Anil
Well. They aren’t accepting it even when entered without spaces. Something seriously wrong with paypal.
yes it is not accepting the PAN number even though i entered without spaces…
Priya
Dont bother about entering your pan number, click on the paypal logo and you will reach your overview page and can withdraw or do what ever you want without any real problem
Regards,
Sudheer
hi,
I tried to withdraw money from paypal to my ICICI bank account on 10th March but I haven’t received it till now.
Any idea? When will it be transferred?
-Jayant
Hi Priyanka…is the transaction showing completed in Paypal….
Anil
Yes it does…infact it showed completed on 12 March itself..yet money is not yet transferred…
I am worried again
Hi Priyanka:
Did you get the money in your account – I initiated a withdrawal on 7th April and still see the status as pending in paypal – anyone facing this issue?
Priya
Yes, same here.
I also requested a withdrawal on 7th, and it has yet not credited to my bank account. After enquiring from paypal, I was told that I should ask my bank and they cannot help.
I wrote them back just now that how can I ask my bank for something (whether right or wrong) never happened. I need some proof – which only Paypal can provide – that a payment was initiated from their side and its credit was denied to my account by my bank. Also, the same payment has not been reverted back to may paypal account.
Lets see what their reply is to this.
It was quite smooth since March 4th when local bank credits were restored by paypal; but it seems (after reading a few complaints here) that paypal is again having problems with bank credits.
The biggest issue is however that paypal is not clear when it comes to sharing info with its customers. their replies are treasures in themselves which are nowhere to be found. How can some executive in a renowned financial institution like paypal say that you should ask your bank why it denied credit payment to your account. All this without a proof and without reverting back the money to my paypal account. Doesn’t paypal know where the money has gone. For Gods sake, it was not cash that paypal delivered to my bank by a delivery boy who never quite reached my bank and has yet not returned back to paypal.
Pareek
They asked me a few days back after a mailed them a prompt reply to the above mail t0 wait for 14 days in total. My money got credited back to my Paypal account on the 14th day and I got an email stating that there were some issues with some transaction made between 6th & 9th.
Now, i guess telling the same thing earlier would have saved me anxious nights and increased their credibility.
Alas, thats the way companies work in India.
Hi
For all who initiated the withdrawal on 10th, i just want to tell you people that as you know that it will take 3-5 working days generally to get the money.
You have Saturday (half day for most of the banks) Sunday and Tuesday as holidays and that’s the main cause of this delay and i am sure you people will get the money by today or by max tomorrow.
So chill out and don’t worry too much
Regards,
SV
Electronic transfer is not an issue now with paypal. My concern is that as the local bank credit issue was getting delayed last month, I requested paypal for a check on 23rd February. Its March 17th today. I am from Mumbai. How much time does paypal usually take to send the check to places like Mumbai. When & what should I try if need arises?
Thanx
Not time to relax yet. Let your PayPal representative(s) know you want them to finish being compliant with Indian laws before the April 30th deadline.
http://ibnlive.in.com/blogs/jaimonjoseph/326/61644/has-paypal-given-you-problems-yet.html
“I cross-checked my data with Alpana Killawala, at the Reserve Bank of India, I was in for a slight surprise. All money flowing across our borders is subject to two major laws. The Foreign Exchange Management Act (FEMA) and the Payments and Settlements Act of 2007.
According to those laws, organizations like PayPal should have submitted themselves to scrutiny by the RBI. They hadn’t, so they were pulled up. To prevent inconvenience to customers, the Reserve Bank has allowed PayPal to honour all transactions done upto January this year. But they’re still on the watch list.
If they don’t satisfy all the bank’s detailed questions by the thirtieth of April, their operations could be disrupted again!”
I am getting confuse with this all.
What are different options to get money in India for our consultancy
I have an unverified paypal account. I initiated a withdrawal for about 400$ to my bank account near about 20 March. It showed as in progress for about 2 days and then was reversed and my account got limited. The resolution center asked me to submit id proof and residence proof documents. I submitted my pan card copy. However they next asked me to submit a utility bill.
I submitted my voter ID card instead and mentioned that since I lived on rented accommodation, I did not have a utility bill in my name. Apparently this satisfied them and my account limitation was lifted after about 1 week after my account got limited. However the reversed balance was lesser than when I had initially started the withdrawal. In details the currency conversion seemed to be the cause.
After pestering them through the contact us form a couple of times, they restored my balance to the correct amount. I initiated a withdrawal again in the first week of april, and I finally got the money in my account in about 4 days.
Just an update for the worried souls out there. Though the experience left me a bit irritated, I finally did get the money in my account. And I have now moved to Payoneer. Lets see how it goes.
Respected sir
I have only Oriental Bank Of Commerce account , SO please tell what is the way to create paypal account. please give your sugessation.
Hi Guys,
Seems like the same old problems are returning back.
I have done two withdrawals one on 9th April and the other on 11th April, I got the funds in my bank for 11th transaction but it was pending for 9th. After calling them 3 times they said the purpose code used was wrong and they reversed the amount and then asked me to do the withdrawal, which i did while talking to them on the phone yesterday ie 15th April. They said now they are not seeing any issue and i will get the funds, today morning i have seen the status and it still says pending donno what will happen now.
This paypal is giving a really tough time to all of us, we should raise a voice and need to do something about it quickly and its better to shift to alternative resources.
Regards,
SV
I made funds transfer from pay to my a/c in Indian Bank, Ponnai. But after two weeks the reply came to my mail saying. we could not make funds transfer due to techinical problems and they have charged more than 10$ for a very small amount. Still the amount remains untranfered. what to do?
Guys…help …any alternatives to PAYPAL….Using it is more trouble from what i can see.XOOM is also not accepting anything via PAYPAL,I confirmed this just now by calling them.
Paypal still have issue. Made a withdraw request 10 days before and nothing happened. I now regret entering my Pan number on the site.
I have placed a withdrawal request on 26th but I am yet to receive the funds.
PayPal is working pretty well, at least for me. Almost withdrawing money daily and everything doing well til date.
Sorry, could not remember you. do we know each other?
Got this mail from PayPal today. Must look for an alternative.
Dear ,
In accordance with regulatory instructions, we would like to notify you about a change in our withdrawal functionality in India starting on August 1, 2010. At present you can request for either an electronic or cheque withdrawal of funds from your PayPal account if you are an India user.
From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account.
While we are working hard to restore the electronic withdrawal service, in the meantime, we are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly.
To request for a cheque withdrawal:
1. Log into your PayPal account, click on ‘Withdraw’.
2. Click on the ‘Request a cheque from PayPal’ link.
3. Enter the withdrawal amount and select your mailing address, then click ‘Continue’.
4. Click ‘Submit’ to confirm your request.
In order to help you with this change and until further notice, we will refund the $5 USD cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards.
For any questions, please log into your PayPal account and click ‘Contact Us’ at the bottom of the page.
We apologise for any inconvenience caused from this change in our withdrawal functionality. We will provide ongoing updates to you here. We thank you for your attention and patience as we work tirelessly to resolve this situation as quickly as possible.
again the problem paypal will allow only cheque withdrawals so we got to wait for months to get payments in hands
New Paypal policy – we can now only request for cheque – can anyone who has used the cheque option let me know how long it takes to receive the cheque and do they send it over regular mail
Priya
Hi Priya
Getting a Check from PayPal on your doorstep takes approx. a month and yes, it comes via regular mail. I have shifted to Bank Wire and other payment methods so this time PayPal policy wont affect much and hope everyone else has also learned the lessons from earlier glitches and not in a bad situation now.
Rahul thanks, but clients are so hesitant to pay via bank transfer. What are the other options you are taking about.
I really need to get into other options – waiting for a month is not going to work obviously…
Priya
Hi People,
This also means that the rate at which you withdraw the money from your PP will not be in your hands.
As when you will deposit the cheque, it will take another 15 days for your bank to get it cleared and you will be unaware of the rate at which it is converted to INR, moreover, there will be Bank Charges as well on the same
Can some one list all the options of getting payments from outside India??
All services, links their pros and cons??
Thanks,
Himansshu H Singh
YET AGAIN PAYPAL IS STOPPING ELECTRONIC FUNDS TRANSFER BEWARE GUYS……… WITHDRAW YOUR FUNDS NOW!!!!!
Orig article at PayPal offcourse you gotta take the pain in the rear to find it your self:
https://www.thepaypalblog.com/2010/07/update-on-paypal-accounts-for-india-users/
————————
Hello Zoe,
Good morning.
I wanted to make sure you aware of a notification that was sent yesterday to customer’s in India. I have included the notification below.
In accordance with regulatory instructions, we would like to notify you about a change in our withdrawal functionality in India starting on August 1, 2010. At present you can request for either an electronic or cheque withdrawal of funds from your PayPal account if you are an India user.
From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account.
While we are working hard to restore the electronic withdrawal service, in the meantime, we are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly.
To request for a cheque withdrawal:
1. Log into your PayPal account, click on ‘Withdraw’.
2. Click on the ‘Request a cheque from PayPal’ link.
3. Enter the withdrawal amount and select your mailing address, then click ‘Continue’.
4. Click ‘Submit’ to confirm your request.
In order to help you with this change and until further notice, we will refund the $5 USD cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards.
For any questions, please log into your PayPal account and click ‘Contact Us’ at the bottom of the page.
We apologize for any inconvenience caused from this change in our withdrawal functionality. We will provide ongoing updates to you here. We thank you for your attention and patience as we work tirelessly to resolve this situation as quickly as possible.
Please let me know if you have any questions regarding this change.
Sincerely,
Carolyn Anderson / Merchant Account Manager
direct 866-923-3778 / cell 402.960.9871
fax 303.395.2821
office hours 7:30 AM – 4:00 PM CST Monday – Friday
Paypal again gets into trouble.
Now paypal stoped withdrawal of funds to indian bank accounts, they only allow cheque withdrawal. anyone tried cheque withdrawals? how many days it takes to reach our hand? how much it cost for bank collection?
Guys
?Paypal Resumes Electronic Withdrawals– Updates here http://goo.gl/fb/wNmop
Hi UFO_BIG (You name really a UFO?
)
http://www.complaintsboard.com/?search=paypal&everything=Everything Read each story there carefully and close your PayPal account asap.
Cheers! We need such troll every once a while to keep us all entertained.
Hi Rahul, Do you really think we should close our accounts.?
I just wanted to bring your attention that no system is/was/will be perfect. As you wanted to show that some people had problems with Xoom and being not safe, I wanted to show that similar problems people have faced with PayPal also. Its the negative news which spreads not the millions of transactions which went smoothly.
Hi Rahul,
I am not sure if you can help but here it goes.
I withdrew some amount from pp to xoom for bank transfer on 14th Feb (V day gift for me
) but as of now it shows Partner Processing
I asked the cc via mail and they say it takes 3-5 days.
Has this happened with your or anyone else wherein you initiated the transfer on sunday and got the amount late?
Hi Aryan
Yea, sometimes the payments are processed with delay. Thats normal. And specially on weekends they are sluggish (weekends of US and India both are cause of delay!1 day additional..
)
Hi Rahul,
Is it advisable to withdraw the money from paypal? Please advice, as I am not able to decide if I need to so immediately.
Also for fresh payments, which mode are you currently opting for? Paypal or Xoom?
Thanks
Hi Rahul,
I initiated the transfer through xoom on 15th & it is showing status as partner processing. Can you please tell me what this status means & when shall I expect funds.
Thanks buddy
Amit
Hi Amit
You should be expecting the payment to be in your Bank Account by approx. 3 days.. It can take up to 5 days also in some cases.
Hi Fazal
Withdraw from PayPal only if you need it urgently as the option to withdraw via check/credit card will always be there and PayPal is not going to close its shop soon anyway. The only loss in my option is the interest which the money would be earning if it would have been in a Bank Account. Otherwise, its okay, you can use that money to pay bills etc. And if you want the money urgently, Xoom, check & credit cards are options.
I am using Xoom, PayPal & Bank transfer as method for payment collection right now. Xoom had been doing okay for me yet from past days but last 2 days were too bad with Xoom. They canceled my 8 transactions from clients (my family and friend
, as commercial payments are not allowed in Xoom/Western Union etc). No money has been lost but I have started accepting PayPal transactions now and its working nice for now, no reversals.
So PayPal and Bank Wire are two method of payments again for me.
Old golden days are back now. I am just not able to withdraw the funds via Bank withdrawal from PayPal, which I hope would be available by next 1-2 weeks.
Hi Rahul:
My clients have called xoom about transfer getting cancelled and this the reason xoom is giving now
“Your transaction has been cancelled in accordance with Xoom’s Customer Protection Policy. We cannot complete this transaction due to a problem with the recipient’s ability to receive funds via Xoom. Unfortunately, due to US Privacy laws, we are prohibited to disclose further information”
So we cannot ask them to send via xoom now. Does our paypal to our xoom still work. Have you tried it recently – let me know.
Priya
Hi Rahul,
What is the transaction fee deducted by the banks if we receive our payments by bank wire transfer? Any preferred bank (national or international) that you would advise PLEASE?
hey buddy…kya kar rha hai aaj kal??
Hi
I do understand the situation. Exactly that situation happened to me also when my clients tried paying me via Xoom.
I withdrew money from PayPal to myself via Xoom before 2 days and it worked well for me.
Wired!
I am collecting all payments using PayPal and Bank wire now and not using Xoom unless required essentially to withdrawing to myself.
No Priya… It wouldnt work…
I suggest you to use moneybookers.com. It works fine. Withdrawl fee is just Euro 1.80 for wire transfer & flat conversion rate of 1.9%. You can withdraw funds through wire transfer & cheques. Moreover it gives you 100% protection against chargebacks.
as i was urgently in need of money, i withdrew money frm PP to my bank acc on 15th, money has not been credited til now… only then i came to know tat PP to bank transfers r suspended right now… am worried about my money now… wil it be reversed to my paypal acc??? kindly reply soon..
Hi Ram,
Dont worry you will get back your money to your paypal account. You will be getting some less amount credited back to your paypal account but dont panic, Just write to them about the same and they will put those extra bucks that you should have lost due to transaction reversal.
Coming to the withdrawal part, As i am also in kind of urgency i have used xoom and initiated my payment today at around 12 pm and within 2 hours i got the confirmation mail that my payment is varified and is now under partner processing and i spoke to customer care guys of xoom and they said it will take 24-48 hrs to get the funds and they assured that the funds willl be safe and secure.
So you can try xoom.
Regards,
Sudheer varma
Try withdrawing to your credit card which you used for verifying your paypal account. I transferred to my credit account SBI bank. Its credited in my account after 5 days. Use alternative way my friend either check from Paypal or withdraw to your credit card. This is the method I’m using now.
Which card of SBI will work in Paypal tp withdraw money?
Ram – they have returned almost all our money. If they have not returned it must be an oversight. But don’t wait for them to realize they have missed it. Write to them giving them all the details – it had happened with one of my transactions. They had compensated for one of the transaction and had overlooked the other. When I wrote to them – my $50 loss was compensated within 24 hrs. It will come back – But do write to them.
It is not about SBI Card or BOI Card… Any card with a Visa logo could be used to withdraw money from Paypal.
No. I am Having kotek Mahindra card with VISA logo etc. They do not have tie-up with Paypal
Good Luck “Exporters” !
http://www.thepaypalblog.com
I understand IEC code has to be given during withdrawing money to bank transfer. To get the IEC code one has to be registered with DGFT and any tranfer of money has to be shown as export earning and return of exports done has to be filed at the end of each year.
Great news for all freelancer, small companies and coders, you don’t need to grab a IEC code to withdraw your PayPal credit to Bank now.
PayPal’s latest blog posts https://www.thepaypalblog.com/2010/03/new-bank-withdrawal-instructions-for-our-customers-in-india/ clarifies that you just need to use the “purpose code” which is different then IEC and they provide a lost of purpose codes for you to use depending on your type of transaction.
: Ddetails on the different purpose codes are in the table below. Please note that this is different from the Importer Exporter Code (IEC) issued by the Ministry of Commerce and Industry.:
Surely a welcome move by PayPal and no need to take pains of having an IEC code by small companies and freelancers.
Wish you all Happy Holi.
Hey Rahul,
I did read the latest post which is actually great. However, I am still doubtful whether purpose code or probably both purpose and IEC are required. It isn’t clear as of now..Maybe, Personal code is required for paypal’s reference but they do say that the receipts maybe verified by the banks. What do you think?
IEC is a major pain in the ass because of the formalities involved. I beelieve that we will be better off with the personal code thing. Let’s wait for 3rd march
Anybody in India received payment as check from Paypal recently? Any problems to cash it?
I received mine today. I had put the withdrawal request on 16th feb.
Anybody received payment today in india…