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Indian Paypal accounts, any update???

Discussion in 'BlackHat Lounge' started by virus_1720, Feb 17, 2010.

  1. virus_1720

    virus_1720 Jr. VIP Jr. VIP Premium Member

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    hey guys,
    I need some cash in my PP account for buying some tools coz I hate putting my CC details elsewhere.

    I need to know if there is any update about PP for Indians, can they receive payments now???

    Has anybody recieved payments from anywhere that have not got reversed?

    I want some dollars........
     
  2. virus_1720

    virus_1720 Jr. VIP Jr. VIP Premium Member

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    no upadtes?
     
  3. thegame

    thegame Newbie

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    I withdraw money every month from PP to my bank acc and did not face single problem
     
  4. blackfalcon

    blackfalcon Newbie

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    i am receiving payments from clients with out any issue. Ensure that they don't sent it as personal payment. Now the problem is only about transferring funds from paypal to your bank account.
     
  5. carsonrathi

    carsonrathi Senior Member

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    If the transfer get complete let me know.

    Thanks.
     
  6. virus_1720

    virus_1720 Jr. VIP Jr. VIP Premium Member

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    To get the account limited???
     
  7. jamesmith

    jamesmith Junior Member

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    paypal is in suspended mode..atleast they should inform the users.
    currently transactions to bank are stuck..and neither being refunded.
     
  8. virus_1720

    virus_1720 Jr. VIP Jr. VIP Premium Member

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    they are refunded but the reversal of payment from the bank to PP takes some time. Don't worry, PP won't run away with your few hundred dollars.......

    We, Indians, Make them millions each year
     
  9. beazt

    beazt Power Member

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    If you check out the official paypal blog, they have clearly mentioned that it will take at least a couple of months for this issue to be resolved fully. The truth is, it was not paypal but the Reserve Bank of India which forced paypal to stop payments to Indian accounts.

    My suggestion to you would be to stop waiting for this PP issue to get resolved and try out something else like Xoom.com.
     
  10. BigBuddy

    BigBuddy Account Under Review

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    No virus, there is no updates from paypal for transferring the amount.. We have to wait. But so far i receive payments from my clients which never get reversed.
     
  11. blackmagicmaster

    blackmagicmaster BANNED BANNED

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    No Updates Virus Till now They are suspended But yeah payments Web / Services / And Purchase Now sticks not getting reversed ! BTW Xoom is working Gr8 i got 650$ usd transaction without even getting verification call from them to my bank ACC Took 2 days though same as paypal Little high fee but save money from one coupon first time ! :) !!
     
  12. carsonrathi

    carsonrathi Senior Member

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    I don't know why but xoom is reversing my payment every time ;-(
     
  13. neol

    neol Junior Member

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    They are screwing us cause we were not paying taxes. And Indian tax structure is one of the most complex in the world. They are charging more than what is being charged in other countries and want more..

    I received pyts from clients including reversed ones but havent yet treid withdrawing funds. Waiting for updates.

    I also recieved a reversed pyt from TLA and it was personal and also 2 days laterI got one from SR - again personal.. I thought personal pyts are not allowed ??
     
  14. imcool2121

    imcool2121 Elite Member

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    Here is the information that i collected after searching whole day on internet about paypal issues with indian banks :

    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 PayPal

    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.")
    If you are still having problems, please contact PayPal customer support


    Indians only make rules nothing else. If this is going to be continued, Indians have to suffer a lot...!
     
    Last edited: Feb 17, 2010
  15. carsonrathi

    carsonrathi Senior Member

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    every one knows about it man.

    Also, please do not create more threads on this issue, we already have 3-4 threads on this.
     
  16. blackmagicmaster

    blackmagicmaster BANNED BANNED

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    carsonrathi are u trying bank deposit ? u have premier or business account ? u can contact them here :- 18001801233 its india xoom tool free number !!
     
  17. michaelwesten

    michaelwesten Registered Member

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    I'm using a VCC to buy stuff and it is working great. no issues.
     
  18. carsonrathi

    carsonrathi Senior Member

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    Thanks man, i am trying it.
     
  19. imcool2121

    imcool2121 Elite Member

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    Anyone else used xoom ?
     
  20. carsonrathi

    carsonrathi Senior Member

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    Xoom no more supports Intra-country transfer in India like paypal. RBI is doing something with these company's on how to work in India.

    Hope we get some fresh update soon.

    Thanks.