Paypal India Problem - Money not getting transfered to Bank Accounts

Paypal seems to have strange problem - all the money withdrawl that took place from 21st of February to 25th of February have not completed for Indians.

So if you are an Indian and have asked for money withdrawl from your paypal account to your bank acount from 21st of February to 25th of February, by now you must have realized that the money hasn’t reached your bank acccount.

In case you are one of the victims, you need to call paypal at their telephone number, which is 1-402-935-2050. They already know the problem so you won’t be required to speak much though as usual, paypal voice system does take lot of time to recognize your voice.

By the way, here is a small tip to save time on paypal IVRS, just say Agent and it will directly take you to humans instead of keep on giving you optoins.

Once you talk to their support, things should be fine. They will get the money back into your paypal account (it can take couple of days) and then you can withdraw it. Infact the withdrawl is working fine now.

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2 Responses to “Paypal India Problem - Money not getting transfered to Bank Accounts”

  1. 1Hanen on Feb 22, 2010 :

    Hi

    Xoom is not more working. My transfer was also cancelled, so i contacted them and got this email:

    Dear Valued Customer,

    Thank you for choosing Xoom to send your money transfer!

    Unfortunately, we have canceled and are in the process of refunding this transaction identified as Intra-India. Current regulatory restrictions are the reasons for the cancellation. There are options to withdrawal your funds via Paypal, see the following link to assist in this matter https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/

    We have no time frame, when these restrictions will be lifted. you may check back in 2-3 months.

    Respectfully,

    Xoom Compliance Group

    I also called them on this number 01242575678 and she confirmed that they changed their policies :(

    Any idea what to do now?

  2. 2Abhimanyu on Feb 24, 2010 :

    hi Hanen, it is indeed unfortunate, you can set up a 2CO account if you are getting lot of money otherwise use paypal check withdrawl option.

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