Almost all of the Indian PayPal users are now aware of the PayPal fiasco in India. From the past few days there have been issues between PayPal and Indian users. The users who requested to withdraw the money from their PayPal accounts to bank accounts are now receiving the funds back in their PayPal accounts. Even the money that was deducted while withdrawing funds is also refunded back into the accounts. But it’s still not confirmed when this withdrawal problem will be fixed.
I contact the PayPal team to confirm when these issues will be fixed and got the following reply :
We are currently experiencing an issue processing bank transfers to India bank accounts. I 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 timeframe to share at this time.
I suggest not to withdraw money directly to your bank accounts until all these issues are fixed. However if you want to withdraw the money you can use the following two methods :
- Withdraw funds by requesting a check :
- Go to the PayPal website and log in to your account.
- Click “Withdraw.”
- Click the “Request a check from PayPal” link.
- Enter the required information.
- Click “Continue.”
- Withdraw funds to a credit card :
- Go to the PayPal website and log in to your account.
- Click “Withdraw.”
- Click the “Withdraw funds to your card” link.
- Enter the required information.
- Click “Continue.”
Please Note :
* Members in Argentina, Brazil, Bulgaria, Chile, Cyprus, Estonia, Gibraltar, Iceland, India, Indonesia, Israel, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Philippines, Romania, San Marino, Slovakia, Slovenia, Turkey, United Arab Emirates, and Uruguay, can withdraw funds to credit cards that are withdraw eligible. Allow 5-7 business days for your funds to post to your card, depending on your bank’s policies.
* Members in the U.S., Argentina, Brazil, Chile, China, Ecuador, India, Jamaica, and Uruguay can request a check. Allow 4-6 business days for your check to be processed and mailed.
* All members can withdraw funds to a U.S. bank account. Your money should become available within 3-4 business days, depending on your bank’s policies.
If you have any other way to withdraw funds easily, please share it with comments 🙂
Such advice could be helpful for anyone who have some real problems with cash flow with paypal. Interesting conclusions there.
Paypal has started giving refunds to Indians now..It has already done that to many..
Did you withdraw any funds from your account ? If so then can you provide us a screenshot ?
I did not but I have seen that in shoutmeloud where Harsh and many more have got their money back..
Till now I haven’t withdrawn any funds from PayPal but I am gonna bookmark this post for future reference.
.-= Mad Geek @beingPC´s last blog ..Take a look at Windows 8 concept theme =-.
Although there are so many other options like Xoom, Payoneer, etc for Indians to withdraw amount from papal, requesting check is considered to be a best option. Thanks for the posting!!!
.-= Kadir´s last blog ..Good News For Indians: You can Withdraw Money From Paypal =-.
Are you certian about this?
But why is that you need to have a credit card if you are buying services or goods through paypal? I think its made compulsory.
If I am selling to US customers, they will pay me in dollars, so my paypal account will have sum in dollars, how much will they deduct for converting it to rupees ?