In accordance with regulatory instructions, PayPal is about to change their 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.
In a mail to me they said, “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.”
Some other Interesting posts that may interests you-
To request for a cheque withdrawal:
- Log into your PayPal account, click on ‘Withdraw’.
- Click on the ‘Request a cheque from PayPal’ link.
- Enter the withdrawal amount and select your mailing address, then click ‘Continue’.
- Click ‘Submit’ to confirm your request.
In order to help you with this change and until further notice, Paypal will refund the $5 USD cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards.
![](http://beingpc.com/wp-content/uploads/2010/03/regedit-solve-pc1.jpg "Disable "Solve PC Issues" Notification Messages in Windows 7")
I got a mail today from paypal that we can now withdraw funds using electronic transfer. But I already transferred all my money on 28th itself. I don’t understand how they were able to sort out the problem so quickly !! Is there more to it than what appears on the surface !!
One thing is pretty clear from these activities of Paypal. They never care about the sufferings the users will get from their horrific activities.
~ Sathish
Time to UPDATE this post!
PayPal has reinstated Electronic transactions to Indian Bank A/Cs. Hurray!