Gaypal New Problem, Please Help Me...

[jamesrocky]

finally i got my funds back in my paypal account.


30-Jan-2010 Currency Conversion Completed Details -$418.00 USD
30-Jan-2010 Currency Conversion Completed Details Rs.18,653.54 INR
09-Feb-2010 Cancelled Transfer Completed Details Rs.18,653.54 INR
09-Feb-2010 Currency Conversion Completed Details -Rs.18,653.54 INR
09-Feb-2010 Currency Conversion Completed Details $385.77 USD

What the Hell : 418.00-385.77=32.23$ Lost


But it is not matching the total amount. Paypal took some amount as fees. But I am waiting to get my fees back according to this stated by paypal in an email

"In addition, you will see a reimbursement of any withdrawal fees charged. We will ensure that you are not adversely affected by currency fluctuations during the last week."

 

[BigBuddy]

Update : Funds which i transferred to my bank account was reversed. Now What? Shall we try again?



One More Update : I tried transferring money thru Xoom from my paypal account to my bank account and got credited now. But it takes 3 - 4 days. Use Coupon "webxoomremit" for zero transaction fee.

 

[wishhar]

finally i got my funds back in my paypal account.


30-Jan-2010 Currency Conversion Completed Details -$418.00 USD
30-Jan-2010 Currency Conversion Completed Details Rs.18,653.54 INR
09-Feb-2010 Cancelled Transfer Completed Details Rs.18,653.54 INR
09-Feb-2010 Currency Conversion Completed Details -Rs.18,653.54 INR
09-Feb-2010 Currency Conversion Completed Details $385.77 USD

What the Hell : 418.00-385.77=32.23$ Lost


But it is not matching the total amount. Paypal took some amount as fees. But I am waiting to get my fees back according to this stated by paypal in an email

"In addition, you will see a reimbursement of any withdrawal fees charged. We will ensure that you are not adversely affected by currency fluctuations during the last week."

Its conversion rates i also lost $21 less.gaypal converted $ into RS when we transfered now when reversed back it converted Rs into $ so it became less.According to there calculation everything is correct.So it is not fees .we will not get back anything

 

[internalsoul]

This fucking gaypal is driving me crazy.Gaypal took almost 31$ while reversing my withdrawal amount to my account.

 

[BigBuddy]

By luck while reversing only $1 deducted from that.

 

[internalsoul]

By luck while reversing only $1 deducted from that.

You are lucky bro. But i cant even go for zoom. They are charging 15$ and the code is not working for me. If things go like this then i will loose half of the money giving away fees.

 

[blackfalcon]

lost around $40 in paypal conversion and i choose the cash pickup option in zoom and i even payed the extra charges since i needed the money urgently but my transaction got cancelled. And when i contacted zoom, this is the response i got

Unfortunately, we have refunded this transaction, as the intended money transfer has been identified as Intra-India, and the indicated disbursement is not permissible by Indian law.

now wondering what to do

 

[thesmashge]

I found this Official blog discussing about our problem

https://www.thepaypalblog.com/2010/02/personal-payments-and-local-bank-transfers-in-india/

 

[internalsoul]

I found this Official blog discussing about our problem

https://www.thepaypalblog.com/2010/02/personal-payments-and-local-bank-transfers-in-india/

Huh man it has been shared earlier in this thread check it.

 

[internalsoul]

Guys anybody of you know the solution to withdraw our money from paypal ???

 

[oblivion19]

Seriously insane this.. I lost as well on the transaction reversal..

Worst part is that now. Xoom is acting insane as well

 

[BigBuddy]

lost around $40 in paypal conversion and i choose the cash pickup option in zoom and i even payed the extra charges since i needed the money urgently but my transaction got cancelled. And when i contacted zoom, this is the response i got

Unfortunately, we have refunded this transaction, as the intended money transfer has been identified as Intra-India, and the indicated disbursement is not permissible by Indian law.

now wondering what to do

Instead using cash pick up option, use bank transfer. It went smooth for me. Can you provide the details, how much time it took for the reversal by xoom.

 

[blackfalcon]

they reversed it in a few minutes when i tried the transfer first time. i called them up and they took a complaint from me and i got the response i mentioned in the previous post. i tried it one more time and this time it got cancelled after a few hours time.

just planning to call them up again. and would you suggest trying transfering to bank account using the same account or with a new account ?

Instead using cash pick up option, use bank transfer. It went smooth for me. Can you provide the details, how much time it took for the reversal by xoom.

 

[jamesrocky]

New Update:

Source:

https://www.thepaypalblog.com/2010/02/update-on-paypal-situation-in-india/

1. Why did you suspend local bank transfers and personal payments to and from India?

We temporarily suspended these services to respond to enquiries from the Indian regulators, specifically questions on whether personal payments constitute remittances into India.

We're working with the regulators and our bank processing partners in India to get this resolved as quickly as we can. We realize that this is causing considerable inconvenience to our customers and I want to reassure you that this is a top priority for the leadership at gayPal

2. When will personal payments be turned back on?

The regulators recently let PayPal know about revised licensing rules that we are now actively engaged in securing. Personal payments to and from India will be suspended for at least a few months until we fully resolve the questions from the Indian regulators.

3. When will local bank withdrawals be available?

Customers should be able to withdraw their funds to a local bank within the next few days. In the meantime, we're going to restore the money into the PayPal accounts of any customers in India who have initiated a recent withdrawal, so they know that the money is safe in their accounts. Customers will also be reimbursed for any withdrawal fee charges.

4.The PayPal reversal has left me with a negative balance. What shall I do?

If you bought something or transferred money out of your PayPal account to your bank account before we reversed the payment then you may be left with a negative balance.

If this was a payment for a purchase of goods or services, you should contact the sender and have him or her resend the payment as follows:

(a) click the Send Money tab, and

(b) select "purchase."

If this was a personal payment, then the sender will need to find another payment method until we restore the service. We're sorry about this.

If you can't recover the funds from the sender, you can bring your PayPal balance current by logging in to the PayPal account and clicking the "Resolve Negative Balance" link on the Account Overview page.

5. My payment was reversed but it was not a personal payment. What happened?

Only personal payments should have been reversed. Customers who believe that their payments were reversed in error should request that the payment be sent again by following the steps above (click the Send Money tab and select "purchase.")

 

[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..

 

[varundbest]

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!

 

[blackfalcon]

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

 

[FLAME]

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..

 

[fallacyoflove]

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!

 

[jamesrocky]

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