Comments on: Withdraw funds from PayPal to Indian banks

By: Anirudh K. Mahant

Anirudh K. Mahant — Sat, 27 Feb 2010 13:47:25 +0000

Recent issues with PayPal withdrawals to Indian Banks & more over payments just randomly being reversed back to the senders will have a deep impact on PayPal’s reputation. It raises so many questions like (THIS MIGHT CONTAIN SPOILERS):

A) Should we trust PayPal in future?
ANS: ABSOLUTELY NO

B) Are they really concerned about our Money?
ANS: ABSOLUTELY NO, After a long period of two weeks we receive an apology letter stating that “We are sorry we goofed up opps!”? and stuff like “Your money just got sacked since this is nothing serious to us we are just doing a drill of playing a game with your hard earned money”?

C) Is RBI responsible for this?
ANS: UNQUESTIONABLY MAYBE, So, Question is why this is happening in India and nowhere else? Question is why we are being kept behind curtains and dark? Question is why Moneybookers and other Payment systems are working but PayPal is not? you just want to exclude the RBI out of this since they are least concerned with us. Everyone failed here! RBI off course you cant expect them to give you a comforting truth so a comforting lie should suffice you! And PayPal Ow man no shit a multinational company failing to inform and notify of an issue of this magnitude. That was an AWESOME combination of pure frustrating, destroying trust & spreading chaos.

D) So what does PayPal tell us now?
ANS: “We are sorry, but your valuable to us so please give us another opportunity to goof up and play some more engaging games with your money” and “We just love to make more profits by giving you a pathetic exchange rate”

D) What now?
ANS: DTA (Don’t Trust Anyone) Get your sleeves up against them and find your own ways to get paid over any other medium that serves better, communicates better and keep them in plenty. If one fails other should work out.

Ive let all my clients know about this issue and advised them (in advance unlike PayPal) to switch over to some other Payment system which is reliable, responsible and does the main thing “ACTION” at PAR. The truth will probably be dead and berried RIP about what happened because the shame and disgust they bring upon themselves is apocalyptic now.

By: Akshay

Akshay — Mon, 28 Dec 2009 07:19:08 +0000

Hi,
I want to ask that

1) Will paypal charged for my SBi YUVA Debit Card verification ?

2) On paypal Account they only asked for First Name and last name bu tin bank account it is First name Father’s Name Last Name will it cause problem while wihdrawning money ?

3) Whether Paypal is safe for all those transctions ?

4) Can i withdrawn my money in paypal account to my bank account without debit/credit card verification?

Please give me Guidance………………

Thanks !

By: Naveen

Naveen — Thu, 10 Dec 2009 17:52:59 +0000

Yes…you need to get funds into your account. You can fill it with the card that is not on the file. Just use your friends. Send a request money mail to your friend and ask him to pay the amount. Paypal accepts only 5 of such requests per year if you have basic free account. You can pay paypal bill using your credit card. Ask the company to send a money request to your email and you can pay money into their paypal account using your credit card.

By: Guru

Guru — Thu, 10 Dec 2009 17:33:41 +0000

Hi Naveen,
I wanted to purchase goods from US based firm. They requested me to send money via paypal. But paypal does not allow “send money” transaction even though I have added and verified an international credit card. It says “Sorry, your payment won’t go through. To make it work, you’ll need to add money to your account and pay with your PayPal balance”

Any solution…,please help

By: Naveen

Naveen — Fri, 04 Dec 2009 17:23:46 +0000

I think you might have entered name wrongly while registering. Try to ask the paypal support by mailing them. Log into your paypal account and click here to directly go to the contact page.

By: kavi arasu

kavi arasu — Fri, 04 Dec 2009 06:15:07 +0000

My full name is KAVI ARASU but when i am trying to add my bank account for withdraw funds my first name goes last and last name comes firsr it means my name looks like this ARASU KAVI….it leads any problem for withdrawing funds?
Name comes reverse order……………

By: Naveen

Naveen — Thu, 03 Dec 2009 01:50:09 +0000

No.

By: Akshay

Akshay — Wed, 02 Dec 2009 10:36:32 +0000

Can you tell me that if i opened my paypal account it will charge me if i will not use it?

By: Naveen

Naveen — Sun, 15 Nov 2009 16:33:32 +0000

You need to get funds from someone via Paypal or transferred from credit card.

By: Naveen

Naveen — Sun, 15 Nov 2009 16:30:29 +0000

You can with limitations.

By: manjunath

manjunath — Sat, 14 Nov 2009 12:52:52 +0000

I was wondering if I could use Paypal and successfully buy things online and receive money online without having it linked and having my credit card confirmed.
I don’t plan in sending money to my credit card I would just like to shop online, will Paypal still work and will I still be able to buy and receive money online?

By: Vishnu

Vishnu — Wed, 11 Nov 2009 12:07:10 +0000

hey naveen can you just tell me how can i put money in my paypal account so that i use to shop items from ebay usa? i have applied for a HDFC Debit card and will be using it.

By: Naveen

Naveen — Wed, 21 Oct 2009 14:00:24 +0000

I never tried that and have no idea. Proceed with just withdrawing 100 bucks and see. If it works, then you can withdraw full money.

By: Naveen

Naveen — Wed, 21 Oct 2009 13:59:40 +0000

It will not send any mails. It will take approx 5 working days.

By: dunz

dunz — Tue, 20 Oct 2009 09:58:37 +0000

Hi Navin,
I withdrew 100 usd on 16th, im an unverified user and having account in corporation bank. Also i provided the IFSC. How long it normally takes to get credited to my bank account? Will paypal send any mails once the fund credited to bank?