PayPal Stops Electronic Withdrawal in India Again

30 July 2010 By Varun

PayPal has recently posted this news on their blog, that they will discontinue their electronic withdrawal service in India because of some changes in Indian government’s regulatory instructions. This is not the first time that PayPal has discontinued its work in India due to government regulations. We have witnessed a similar story back in February 2010.

Fortunately, you can still withdraw your money via cheque. But according to PayPal, cheque will take 4 to 6 working days to process (excluding delivery period).

Here are the steps to withdraw your money from PayPal via cheque:

Step 1: Log into your PayPal account, click on ‘Withdraw’.

Step 2: Click on the ‘Request a cheque from PayPal’ link. It usually takes 4 to 6 working days
to process the cheque (excluding delivery).

Step 3: Enter the withdrawal amount and select your mailing address, then click ‘Continue’.
Please note that a monthly withdrawal limit of $2,500 USD applies.

Step 4: Click ‘Submit’ to confirm your request.

These new changes will take place from August 1, 2010. So, you got 2 days to get your money transferred electronically, else you have to go with cheque process. Meanwhile, PayPal is trying to sort out the issue as soon as possible.


Paypal has resumed electronic withdrawal for India – read more at paypalblog

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Miscellaneous 3 comments


Pranjal says:

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.

pavankumar says:

yes it can be done

Suman says:

Very much align with Pranjal, PayPal is doing monopoly here, transaction fee while transfer amount to your bank……Huge.

No other option available here…. ccavenue is too expensive.

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