Today I got an email from Paypal as follows
Hello Kishore,
Your payment of XXXXX 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
Why could this be? Is it any instruction from the Indian Government to check the inflow of funds? Hope our international payers like Chitika and other payments that we get from affiliate marketing do the needful.
The only thing that they have to do is send the payment as mentioned above and the payment what we receive from affiliate marketing and advertisement are not gift, but its payment for services.
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Paypal done this without any intimation and how can paypal reverse money from our account once they have credited.
If they have stopped personal payments to and from India. then they have to block the option by sender side that he can not send payment in India.
I got USD 577 in last few days. I have also requested to withdraw money in bank account. See what happens !!!!!!
Paypal canceled all my withdrawal requests and credited USD 542 and reversed to senders.
I got credit of USD 542 instead of USD577. Even if withdrawal requested are not completed (Deducted exchange rate fees). But how can they deduct exchange rate fees even if transactions are not completed and money are sent back to senders.
Now I have negative balance. And I like that balance will become positive by deducting from credit card.
Who can tell that paypal is safe way payment method ????
No steps are taken in front of paypal.
I have the same problem, hope this will be sorted out soon. I think this could be due to some change of policies from the Government of India to check the inflow of funds from other countries – Just a guess, but we need to wait and see. Anyone has any information on this?
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 NOB) 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.
This is so frustrating. I had withdrawn an amount X from my Paypal account and made a personal remittance to the ICICI Bank account. It had been around 15 days since I heard from them. When contacted this is what they replied:I checked your PayPal account and I do see here the withdrawal you made on February 10, 2010 for Rs.XXX INR. Right now, the status of the withdrawal on your PayPal account is already completed, and this is because the funds were successfully taken from your PayPal account balance. Now, I am sure that you are aware of the issues that we have had with bank transfers to Indian accounts. Now, basically right now, we will not be reversing the funds back to the balance anymore as we are still trying to have it posted on the bank instead. Rest assured though that the funds are safe and will be credited to you.In the meantime, I would recommend that you check and visit http://www.thepaypalblog.com for updates on this matter.We hope you understand our situation and thank you for your patience.—-What crap? Now they say they are NOT going to reverse the funds back too…. If Paypal takes 6 months (or even more) to get this issue of personal remittance sorted out, we have the funds blocked. WHAT ARE THEY DOING WITH THE MONEY?