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PayPal continues to suspend Personal Payments in India PDF Print E-mail
Written by Admin   
Monday, 08 February 2010 15:45

New Delhi: Even as the largest online payment and money-transfer service in the world, PayPal continues to suspend the personal/gift payments to and from India, freelancers and service providers in the country have accused PayPal of monopoly and playing with the lives of people.

 

PayPal has been reversing all personal/gift payments to and from India since the last week of January. The company did not even bother to notify people about the changes. People came to know about this issue, only when their payments were reversed.


In most cases, people have incurred charges towards reversal and reconversion. The latest reports suggest that withdrawal of money to Indian banks is also affected. PayPal seems to be unwilling to take responsibility of the losses suffered by the people, leaving them disappointed.

 

A large number of people, including the software developers, coders, freelance writers, journalists and SEOs are having a tough time because of the PayPal problem. PayPal hasn't given a time frame when the suspended services will be restored. They also refused to reveal what prompted them to suspend personal payments to and from India.


Whenever any payment is reversed, PayPal sends an email to the customer, saying -


Hello XXXX,

Your payment of YYY 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

 

Regarding the withdrawal of money to Indian Bank Accounts, PayPal says -

We are currently experiencing an issue processing bank transfers to India bank accounts. We sincerely regret the inconvenience it has caused you. As a result there may be some delays in both withdrawals and random deposits. We are doing everything we can to process your withdrawal as soon a possible; however, we do not have a specific time frame to share at this time.

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Comments  

 
0 #1 Anirudh K. Mahant 2010-02-27 20:13
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.
 

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