PayPal Reverses Indian Accounts | Hacker News Reader

PayPal Reverses Indian Accounts

thepaypalblog.com

39 pointsbraindead_in18 comments

The 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.

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

Don't you love it when they have 0 comments posted on their blog post.

"Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our "

- Guy with ~45K$ of Paypal money, and massively pissed of right now at

1. Lack of communication. (Found it via blogs.) 2. No Email back from support.

It is more likely due to timezone issues - it must be night there, that is why no one to approve comments

Hard to believe, I first read that post after reading pluggdin, http://www.pluggd.in/paypal-india-outage-no-payments-to-or-f..., and that post has been up for at least 24 hrs now. In all fairness, the comments must have been scathing. I know I cant bring myself to be polite to anyone at Paypal if I meet them now.

Some speculation about RBI documents and stuff going on there. If that's true then it might take months before the suspension is lifted.

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.

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.

This 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.

does this is why the fund transfer i made on 27 jan is not showing in my bank account. contacted paypal but no reply.

Same here. It was supposed to be credited by 4th Feb, but nothing till now. The response I got from support was they can initiate a trace after 2 weeks. But that wont work too I guess since they have suspended all bank transfers.

Last time I had a need(this was a few years back) there was a myriad of companies you could use to send money from US to India. Some of them had major backers. Back then Paypal wasn't really a big player in India.

How much has this changed lately?

Sounds 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?

looking for more info. please share.

I'm guessing security issues. Of the funding of guns and bombs kind.

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