A lot of web masters in India receive their payments through Paypal. Everybody is stuck.
Safety in numbers. Hopefully the money won't disappear from the PayPal account.
PayPal Reverses Indian Accounts
11–20 of 21 posts
Re: PayPal Reverses Indian Accounts
#12The Reserve Bank of India has not approved wallet services yet -- and Paypal function as a wallet. What it means is that you can receive payments into your paypal account, but you can't transfer them to an Indian bank account. That sounds like a fund freeze to me .. you can make the money, but you can't have it. Bugger.
That this is a bank policy issue seems to be the consensus on several ecommerce forums. That seems far likelier than the anti-Indian money theft conspiracy so many account holders seem to think exists all of a sudden. eBay's a large corporation, they're not gonna steal a couple thousand accounts' balances and hope nobody notices.
Re: PayPal Reverses Indian Accounts
#13A lot of web masters in India receive their payments through Paypal. Everybody is stuck.
Safety in numbers. Hopefully the money won't disappear from the PayPal account.
I’m writing to let you know that personal payments to and from India...
I read this line. But does that also mean that I also cannot send a cheque to myself? If thats blocked too, then it really worries me.
Re: PayPal Reverses Indian Accounts
#14[deleted]
Re: PayPal Reverses Indian Accounts
#15Sounds like a good opportunity to open bank accounts in another country? Or could you paypal it to another account and have them withdraw and wire cash?
Re: PayPal Reverses Indian Accounts
#16[deleted]
Re: PayPal Reverses Indian Accounts
#17The Reserve Bank of India has not approved wallet services yet -- and Paypal function as a wallet. What it means is that you can receive payments into your paypal account, but you can't transfer them to an Indian bank account. That sounds like a fund freeze to me .. you can make the money, but you can't have it. Bugger.
Can you transfer via a bank outside of India?
Re: PayPal Reverses Indian Accounts
#18I'm guessing security issues. Of the funding of guns and bombs kind.
Re: PayPal Reverses Indian Accounts
#19The Reserve Bank of India has not approved wallet services yet -- and Paypal function as a wallet. What it means is that you can receive payments into your paypal account, but you can't transfer them to an Indian bank account. That sounds like a fund freeze to me .. you can make the money, but you can't have it. Bugger.
Can you transfer via a bank outside of India?
Greetings,
I am Expert Programmer Dinesh Singh, of India. Due to certain political disagreements with PayPal, I am unable to receive $1,000,000 payment for much work I have done. If you will assist me to receive this money through your account (PayPay -> your account -> my account) I will give you 5% ($50,000). Please reply promptly with your bank account number and routing number that I may do the needful.
Gratefully,
Expert Programmer Singh
Re: PayPal Reverses Indian Accounts
#20This issue is starting to cause some widespread panic on the Digital Point forums. I had some outsource work done for me there and I've tried two times to get my payment to go through and each time it's been reversed and I've been credited back the amount spent.
It's made it impossible to get anything done over there, at least for the time being, as more and more of DP's user base is located in India.