Paypal update:Electronic withdrawal service continues in India

Got the update from paypal :

Its good news for indian paypal account holders.

The electronic withdrawal service has been restarted by paypal again!

Here is direct update from them.

"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.

We apologize for the inconvenience this has caused you over the past few days. While we have received your appreciation for the advance notice and the refund of the cheque processing fee, we have also heard loud and clear that you highly value the ease-of-use of our electronic withdrawal service. We want you to know that our customers are our #1 priority and we are working non-stop to improve our service to you.

We sincerely thank you for your patience and continued support as we are committed to delivering a world-class service to you in India. To thank you for your loyalty, we will still provide the US$5 processing fee refund for any cheque withdrawals made from July 29 until further notice.

Please check here for updates. If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page."

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Update on PayPal accounts for India users: Bank withdrawals

This is today's update from paypal about situation of bank withdrawals in India

Here is update on paypal blog:

"Hi everyone, it’s Dickson Seow, from the Corporate Communications team. I’d like to give you an update on PayPal accounts for our India users.

In accordance with regulatory instructions, there will be a change in our 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. From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account.

We sincerely apologize in advance for any inconvenience caused from this change and 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.

Our India users can find the cheque withdrawal process here. In order to help you deal with this change and until further notice, we will refund the US$5 cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards.

If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page.

Again, we apologize for any inconvenience caused from this change in our withdrawal functionality. We will provide ongoing updates to you here. We thank you for your attention and patience as we work tirelessly to resolve this situation as quickly as possible."

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