Paypal Policy for Indians
.. why is it different from other countries?
On feb 4th, I was surprised to receive this email, which said,
Hello xxxxx,
Your payment of xxx.xx 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
I soon logged into my account and saw a negative balance. Two days back, i had transferred all my paypal balance to my credit card. I wanted to try this option even though i had to pay $5 for the transaction. Usually i just request for money transfer to my business account. This particular payment was from TLA, so I wrote an email to them also. So far no reply from them. I checked a few of the webmaster forums and it seems everyone was talking about the same issue.
I am sure paypal will solve the issue soon and all of us will get to see the money back in our accounts. Some people are saying, it was because of RBI’s policy to keep a tab on all the money transfer happening over the internet without any record and without any taxes being paid. The most surprising thing is that there is no notification from paypal also. However i feel it is more of a technical issue. I hope it is sorted out soon. Till then, just wait and watch.
One Comment
- DLL Files replied:
I hope this issue will be over soon. I hope paypal will do something about this asap.
February 28th, 2010 at 7:32 am. Permalink.
