Since yesterday, Paypal has placed a halt on all personal payments on India based paypal accounts. While reports originally had it that the halt was only on personal payment transactions, we also noticed that payments for services was also affected.
The news about Paypal hold in India created a real confusion among many Indian paypal account holders and it is also a fact that many NRI also uses India based Paypal accounts.
Some are saying that this sudden decision is due to a conflict between the RBI and paypal while others are saying that this step can be due to the high level of fraud accounts originating from India.
We really hope it is not the 2nd reason because if it is so, then this is a really ridiculous act from Paypal. It is like dropping a nuclear bomb on a country just because there are some members of the mafia in that country. (Just a sarcastic example depicting Paypal’s act).
For those who still can’t figure out what’s happening, then in simple words, Paypal has reversed all money transactions which occurred from 1st February 2010 to 5th February 2010. That is if an India PayPal account owner was paid between these days (and onward) for a work he did or even for personal payments, then Paypal “rip” (that’s a hard word right?) that money from the Indian’s account without even giving any notice before doing it and returned that money to the original sender.
Based on some reports, there are people who are also claiming that they already shipped goods but payment were reversed. On our side we also have an India based paypal account (Its fully verified and also a verified seller by the way) which is handled by one of our partners in India. We were surprised yesterday to find some advertising transactions and also payments to freelance developers which got reversed.
A recent payment to an Indian developer for a side maintainance got reversed and we are now having to pay the guy via moneybookers.com – You can already imagine the amount of people affected by the decision of Paypal.
Let’s wait and see. That’s all that remains.
Further Stories For You:
Leave a comment via Facebook
Stories From Our Partners
| Feedbox |
Swagata
My only question is.. (and i have been desperately trying to find an answer).
If RBI has Problem with Paypal… why is it not affecting Money Booker or Pioneer.. or any other Online payment System.
And i also wanna know .. Is Bank withdrawals possible in Money Booker (Like Paypal).
I had never thought of an alternative to Paypal Before.. and suddenly today I’m stuck by Double Bolts of Thunder.
Paypal Better get a Resolve for the Situation soon.. That will make my life way Easier.
Zener
Official: https://www.thepaypalblog.com/2010/02/update-on-paypal-situation-in-india/
Anuj
Is moneybookers a good choice ??
Anyone has got any suggestions ?
Coz i wanna shift to it, if its good.
.-= Anuj´s last blog ..Do Dilon Ke Khel Mein Hindi Movie Songs Free fast Genuine Download =-.
Kurt Avish
I used Moneybookers and they are trustworthy… There is a promo-registration at getfreelancers.com where you will get some benefits to join MB. Have a look.
Anuj
Are they not gonna give us back our money ? This is pissing me off
.-= Anuj´s last blog ..Do Dilon Ke Khel Mein Hindi Movie Songs Free fast Genuine Download =-.