My 6890$ in stuck in gaypal and i withdrew 400$ on 28 jan and today they returned them to my paypal balance after cutting 30$ as fees! My info was 100% correct and i withdrew some cash a lot of time through the same info! They said they are having problems with indian accounts!

Originally Posted by navsim

Guys I lost nearly $450 in reversal due to currency conversion.. I feel like peeing in Gaypal office... Hope the currency fluctuations are taken into consideration.. I have registered my protests..

got this mail from paypal today

We have restored the amount of your recent withdrawal into your PayPal balance.
Within the next 24 hours, you will also see a separate PayPal reimbursement for any withdrawal fees charged and variance in the foreign exchange rate over the last week. This should ensure that you will not be adversely affected by currency fluctuations during the last week.
Thank you for your patience while we work to address the issue of processing withdrawals to Indian bank accounts. We will contact you again in a few days with an update and, if the issue is resolved, you can initiate another withdrawal at that time. In the meantime, you will have the ability to spend your balance to purchase goods or services if you choose.


Thank You,
PayPal




So we can relax if whats mentioned in the mail is true

My friend also had the same problem. The transaction got reversed after 10 days. The amount came back to paypal, but rs.50(fee) was not given back..

Everyone! I've got amazing news for all those who have lost out on the cash due to the currency fluctuations. I just called on the helpline through skype and I spoke to them for nearly 25 minutes and finally they have reimbursed every penny that I lost due to the currency fluctuations! So, if all those of you who lost money because of that, just call them up from your skype and tell them your problem. They immediately refund the bucks and ask you to check and confirm while on the call too. So get your money back, ladies and gentlemen!

Every thing is fine now. I got my complete money back.

Got my money back hope to withdraw soon

Latest news.

HTML Code:

http://news.bbc.co.uk/2/hi/south_asia/8511553.stm

so right now the only way to transfer money is from paypal to xoom to your bank ... right ?

Update on this issue

Code:

https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/

Xoom was also creating problems for me. so i would better request for a check from them

Guys,

Any updates on Bank Transfer from Indian Paypal?

Thanks.

Originally Posted by carsonrathi

Guys,

Any updates on Bank Transfer from Indian Paypal?
Thanks.

I would like to know about this too. Thanks

Hey guys,
Anyone tried to withdraw again and succeeded as yet? Just wondering if the withdrawals to the banks has been restored or not!

Originally Posted by fallacyoflove

Hey guys,
Anyone tried to withdraw again and succeeded as yet? Just wondering if the withdrawals to the banks has been restored or not!

no bro. Bank withdraw is still not working.
You can withdraw by cheque / CC.

Cheque takes too long, doesn't it? You order it, the cheque's gotta arrive in India, then you try to encash and they take another few weeks to verify and credit money, isn't it? Or am I missing something?
When I spoke to the officials, they said a cheque might take long because its in India and the process may take long and stuff. So I was wondering what to do!

Originally Posted by nirmar

no bro. Bank withdraw is still not working.
You can withdraw by cheque / CC.

Originally Posted by fallacyoflove

Cheque takes too long, doesn't it? You order it, the cheque's gotta arrive in India, then you try to encash and they take another few weeks to verify and credit money, isn't it? Or am I missing something?
When I spoke to the officials, they said a cheque might take long because its in India and the process may take long and stuff. So I was wondering what to do!

Yes, you are right, they will take 15-20 days to reach your address and then another 30-40 days to encash it (the worst is they'll go bank to US as the amount is in dollars)

This is really irritating.

Originally Posted by fallacyoflove

Cheque takes too long, doesn't it? You order it, the cheque's gotta arrive in India, then you try to encash and they take another few weeks to verify and credit money, isn't it? Or am I missing something?
When I spoke to the officials, they said a cheque might take long because its in India and the process may take long and stuff. So I was wondering what to do!

Cheque Process time : 3-4 days
Arrival time : 15-20 days
Credit time : 3 days (likes normal cheques)
The cheque is in Indian Rupees issued by CitiBank local branches India, so it doesnt take more than 3 days to credit.

Originally Posted by nirmar

Cheque Process time : 3-4 days
Arrival time : 15-20 days
Credit time : 3 days (likes normal cheques)
The cheque is in Indian Rupees issued by CitiBank local branches India, so it doesnt take more than 3 days to credit.

Oh, really?

Thanks man, i thought it's like clickbank check.

Use Xoom until paypal not fixed up its the best option arrived 3 transfer of over 500+ Till now working well Use bank transfer And Use FEBXOOM12 for saving fees 100% !!

Originally Posted by blackmagicmaster

Use Xoom until paypal not fixed up its the best option arrived 3 transfer of over 500+ Till now working well Use bank transfer And Use FEBXOOM12 for saving fees 100% !!

xoom want to verify my paypal, very irritating stuf :-)

Thanks,
Carson

Quick update from Xoom:

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Effective as of February 19, 2010; unfortunately, we are unable to process this and further transactions due to regulatory matters associated with PayPal Intra-India transactions. We have canceled and are in the process of refunding your recent transaction back to your PayPal account. Intra-Indian transactions are defined as being initiated and being disbursed in India. There are options to withdrawal your funds from your Paypal account, see the following link to assist in this matter:

https://www.thepaypalblog.com/2010/0...tion-in-india/

Respectfully,

Xoom Compliance Department
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