India users can perform electronic withdrawals right now as you did before: PAYPAL India
Ebay’s payment company Paypal has now relaxed all Indian users by announcing that the company has retained its electronic withdrawal functionality The official blog of paypal Informs “Hi everyone, it’s Dickson Seow again, from the Corporate Communications team. We’ve received good news – India users can perform electronic withdrawals right now as you did before.”
Earlier Dickson Seow communicated through its blog that the change has been introduced in accordance with regulatory instructions but thank God everything is on track again and company has heard the voice of their customers and moreover Paypal is still ready to refund the $5 USD cheque withdrawal fee to for cheque withdrawals made from July 29, 2010 onwards.
For more details kindly check the link of paypal blog here
Category: Business, Technology News
Well, surely its good news for person accounts. I already had a paypal business account from day 1 so no issues for me though.
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.