PayPal Removes Wire Transfer to India-Another Reason to Dump PayPal

Starting August 1, 2010 Electronic Transfer from PayPal to India Banks will no longer be available. They have already removed Personal Payment/Gift option earlier this year. PayPal is leading payment processor worldwide but is losing a lot of Indian users by making them suffer and passing on the problems to them. Reversing payments is one of many.

PayPal decline has caused increase in usage of other processors like MoneyBookers, 2CO etc which now seems far better to use & safer(No nonsense reversals & Account Limitation).

They also do not have any support for Indians & not many are able to call US Customer care.

Here is the official email:

Dear xxxxxxx,

In accordance with regulatory instructions, we would like to notify you about a change in our 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.

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, we will refund the $5 USD cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards.

For any questions, please log into your PayPal account and click ‘Contact Us’ at the bottom of the page.

We apologise for any inconvenience caused from this change in our withdrawal functionality. We will provide ongoing updates to you here. We thank you for your attention and patience as we work tirelessly to resolve this situation as quickly as possible.

Thank you,

The PayPal Asia Team

Also, here is link to official blog:

Not sure how PayPal is going to survive in India

  • Amrit Singh

    Paypal started off again?
    They sent me a mail today and I got pissed off again.
    Are they like going to stop everything in India?

    They are real big scum bags, they should have sorted out the things earlier only internally and not making it public again.

    Going to rub my hands again on Moneybookers.

  • edavreda

    thanks for the update !

  • Lion_boy877

    They are real scammers I must say.
    Paypal go die guys, you already stopped us using it here in Pak now you guys have started in India too.
    Shame on you all paypal.

    MB and LB FTW.

  • admin

    Yeah Guys! :(

  • Niloy

    Hotfile Payment Off?
    How To Got HF Payment?

  • admin

    You can still get HotFile payment. Only thing is, you wont be able to withdraw your earnings to Bank directly as was the case earlier.

  • Pranjal

    PayPal is earning a big amount from Indian customers, and not paying Tax to indian govt., I think RBI is doing just to collect tax and customer data from PayPal, this is good for our country.

    We should support RBI.