Paypal Electronic Withdrawal Option will Be Disabled For Indian Users..!!!
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Hi Friends, we know paypal as the e-commerce business allowing payments and money transfers to be made through the internet, and paypal is an awesome option for the net payments around the world. Upto now we can withdraw the money directly to 0ur bank accounts with NEFT, but they decided to block this electronic withdrawals in INDIA and made check withdrawals from 1st August.
In fact Dickson Seow who is from the PayPal corporate communications has been written in the blog post, and one more thing is according to their latest announcement Check processing takes 4 to 6 working days, excluding delivery time and they are going to charge $5 as the fees but in this case, that fees will be refunded.
Hear the question is how many of you like this change…, absolutely there is no one. fees for withdrawal by check but in this case, that fees will be refunded.
But this is not expected thing from Paypal, in fact paypal is get popular with its electronic funds transfer facility, but what about now …???
Better to choose some alternatives like Money Booker, Xoom, etc, I am sure that Paypal will loss its users if it do so..!
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A new fact about Pay Pal :
I applied for a charity account with Pay pal because its free and supported by vbulletin software for payment subscription, I have all the documents like NGO Registration certificate, Memorandum of Society, Society PAN card, and the Bank details , bank details were verified by the Pay Pal by depositing amount of Rs. 2 and 40 paisa, after submitting all the document as per said in their website and in their emails, they denied me for the account, just because they have no tie-up with India regarding charity account, what the hell is this, why the pay pal people should not mention at the time sign up process. I have wasted around 1000/- rs in doing fax to pay pal and after 4-5 days they denied.
Don’t apply for a charity account with pay pal if you are living in India. Just wastage of time and money.
Dear Pranjal,
Thanks for the information friend…., really its very useful for bloggers like me.
Any way thanks once again for your share.