Paypal will soon restore the banned services to and from India soon. The personal payment services arising from India and made in Indian destination are blocked due to issues raised by the partners of Paypal. Paypal is actively working to resolve these services at their earliest. The Paypal has expressed its apology to affect account holders for inconvenience caused due to this ban. The business services of Paypal are unaffected and working smoothly.
Paypal, the online payment service platform has banned selective services to and from India. In the list of services banned in India by paypal, customers can not send and receive money on personal account. Currently withdrawing of funds is not allowed in Indian currency Rupee in local banks. This implies that any paypal transaction arising for or from Indian territory are stopped.
However the merchant customers of Paypal can continue to use paypal payment services. The Paypal services for personal users have been banned in India since January 28, 2010. The news of paypal stopping services has been posted in their blog.
The suspension of services to and from India will be restored once issues which have cropped up in these schemes are addressed.
Paypal is one of the most popular online payment system. Paypal payment in India are backed by verified credit cards. Paypal is owned by e bay the popular online shopping portal.
The ban on personal and bank services of Paypal in India will be lifted after issues are shorted out. The latest information on Paypal ban will be provided on the blog.
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Can someone let me know when will this be fixed? I transferred approx 2000 usd to my Indian bank account, which was sent by paypal.. but the money is neither in my bank nor in my paypal account. Apparently it seems lost or nowhere.
ReplyDeleteIs Ministry of Indian External Affairs is somehow related with this banning issue?
Amal