Previously, Indian PayPal users were able to use Xoom for withdrawing money from their PayPal account to their Indian local bank account.
But starting from yesterday, Xoom is also NOT working. All the recently started Xoom transactions are getting refunded to PayPal account.
It seems RBI had put restriction on Xoom also. So, currently Indian PayPal users can not use Bank account withdrawal and Xoom.
So, only Cheque and cc (Credit Card) withdrawal are now available for Indian PayPal users.
Issue, Delivery and Collection of Cheque may take long time (around 20-25 days). So, now Indian PayPal users have to use credit card withdrawal which costs 5$ fee and significant amount of ATM withdrawal fees and one day interest.
If anybody used cheque option and cc option you can share your experience. And, you can use comments section to convey any other options.
You can bookmark this blog for further reading, or you can subscribe to our blog feed.