Posts tagged paypal
Paypal India Users Can Continue to Enjoy Electronic Withdrawals
Jul 30th
Barely a few days ago, PayPal had announced that Indian users would not be able to withdraw electronically from July 29, 2010. However, PayPal has announced today that it will continue to offer electronic withdrawals.
Here’s the email PayPal has sent out:
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.
Change In Withdrawal of Funds From PayPal Accounts for India Users
Jul 27th
PayPal has announced another change in withdrawal of funds from PayPal Accounts for Indian Users.
In accordance with regulatory instructions, PayPal is bringing in a change in 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.
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.
Checkout screenshots here for the above points.
In order to help users with this change and until further notice, PayPal will refund the $5 USD cheque withdrawal fee to you cheque withdrawals made on July 29, 2010 onwards.
PayPal’s Important Information For Sellers In India
Apr 8th
If you’re a Seller from India and accept monies into your PayPal account, well, PayPal has got some news.
PayPal has sent out the following email to users based in India:
PayPal to resume local bank withdrawals to India
Feb 27th
Just received an email from PayPal stating RBI has allowed them to continue local bank withdrawals for settlements for exports of goods and services. Paypal anticipates that, as of Wednesday, March 3rd, customers will be able to use their bank withdrawal service. However, the bad news is — personal payments into India still stand suspended till further notice.
Below is the email I received from PayPal:
We have been diligently working with the RBI and our business partners to resume Indian bank withdrawals for the thousands of Indian businesses who depend on PayPal to sell their goods or services in the global marketplace. Continue reading “PayPal to resume local bank withdrawals to India” »
Changing credit card information on PayPal? Be careful
May 1st
Here’s a tip: If you have to replace a card on Paypal, first add the new card, and then delete the old card if you have subscriptions. Just adding the new card to your account won’t switch the subscriptions over, it will still cancel any subscriptions that were started on the old card.
To know more, read Rita Wilhelm’s experience about this.
