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Thread: Update on PayPal accounts for India users

  1. #1
    riteshtechie's Avatar
    riteshtechie is offline Software Developer
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    Default Update on PayPal accounts for India users

    In accordance with regulatory instructions, PayPal is about to change their withdrawal functionality in India starting on August 1, 2010. At present you can request for either an electronic or cheque withdrawal of funds from your PayPal account if you are an India user.
    From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account.
    In a mail to me they said, “While we are working hard to restore the electronic withdrawal service, in the meantime, we are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly.”


    To request for a cheque withdrawal:



    1. Log into your PayPal account, click on ‘Withdraw’.
    2. Click on the ‘Request a cheque from PayPal’ link.
    3. Enter the withdrawal amount and select your mailing address, then click ‘Continue’.
    4. Click ‘Submit’ to confirm your request.

    In order to help you with this change and until further notice, Paypal will refund the $5 USD cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards.

  2. #2
    HappyAndyK's Avatar
    HappyAndyK is offline Site Administrator
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    A pity ... going backward a step !

  3. #3
    amon91's Avatar
    amon91 is offline Beginner
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    Dumb, what Indian regulation were they actually breaking?

  4. #4
    nithinr6's Avatar
    nithinr6 is offline Senior Member
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    Got a mail today stating that the electronic withdrawal is back

  5. #5
    HappyAndyK's Avatar
    HappyAndyK is offline Site Administrator
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    Yeah ...

    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...

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