PayPal - A nightmare to Indian users
Few months ago all the withdrawals from PayPal were blocked. Unfortunately they had imposed this after we made a withdrawal. So we couldn't get our funds either on the bank account or back on PayPal so we could use them to make some payments at least. Almost after a month the problem was sorted and we got our money on our bank account. They then made it clear that Indian users are not allowed to make any payments with the PayPal fund, but can only withdraw.
This morning we were shocked to see that PayPal was going to stop electronic withdrawals and only allow cheques. Now this is a pain to all Indian users, we are sure. Processing of checks take 4-6 days and that doesn't include the time to deliver the cheque. Clearing takes yet another "age". With all these problems, we are not sure how PayPal will survive in India. We can now only hope PayPal will sort everything very soon with the Reserve Bank of India.
Read more on funds being blocked before few months: https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/
Read more on the current situation: https://www.thepaypalblog.com/2010/07/update-on-paypal-accounts-for-india-users/
Indian users are now quick to withdraw funds to their bank account before the option is disabled on the 29th.
Update from PayPal:
We've received good news. You can continue to enjoy electronic withdrawals just as you did before.
While we have received your appreciation for the advanced notice and the refund of the cheque processing fee, we also have heard loud and clear that you highly value the ease-of-use of our electronic withdrawal service. Our customers are our number one priority and we are working tirelessly to improve our service.
Thank you for your patience and in appreciation for your continued support, we will still provide the $5 USD processing fee refund for any cheque withdrawals made from July 29, 2010 until further notice.
For any enquiries, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us' at the bottom of the page.