In my previous posts I have explained about some issues related to bank withdrawals from PayPal in India.
These issues were solved by introducing purpose code.
It seems again PayPal is facing some difficulty with Indian Bank withdrawals.
Especially the withdrawals initiated during April 7th and April 9th are still in pending status only. You can see some discussions about this issue here.
I too face such an issue with PayPal.
The withdrawal initiated during April 7 th is still in Pending while withdrawal done on April 13th got completed.
So, I contacted the PayPal support Team.
I sent below email to them.
(I have replaced some details with ####)
I got below reply from them.
I sent the below reply after 4 days.
And, I got below reply.
I thought this reply was completely meaningless. So I replied as below.
And, I received below reply.
I feel that this reply is meaningless. And, all these email communications didn't help in anyway other than just knowing some names of PayPal support Team members.
So, I sent below message. I copied this message to email@example.com also.
I am just thinking that why there are no effective alternates for PayPal. I heard that some Indian based payment gateways such as ccavenue are available . But will they attract international customers?
If RBI regulations are the root cause for these PayPal issues, will RBI take any solid steps to promote any India based Payment processor/gateway?
For example, if I want to develop a payment gateway by following RBI regulations completely, will RBI give enough guidance to make our Payment gateway more successful than PayPal?
Since India supports Globalization, I believe internationally accepted payment gateway/processor in India is very much required. Either we need to develop our own gateway internationally or at least we should force any existing gateways such as PayPal to act properly for serving Indian customers without any issues.
If the Indian users spend most of their time dealing with meaningless and unnecessary issues, how they can spend time to develop their business? Does the RBI think that all Indian are born in India just to serve the foreign corporates by doing the work ( Data entry, customer support )which they don't want to do by their-self.
I heard that RBI is still corruption-free. So, I believe it will take some solid steps to solve all these issues.
Updates on April 19.
I got below message as reply for my previous mail. This reply also doesn't solve the issue. Anyway, atleast they included my account to ticket specific for this issue. So, I believe it will be solved soon.
Update on April 20
Finally April 7th withdrawal got reversed and re-initiated the withdrawal again today.
Reversed amount is less than original amount due to fees and conversion rate difference.
Anyway, I think paypal will add the difference amount soon as they mentioned in their email (refer the below message).
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