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PayPal Stop Bank Account Withdrawal for Indian Users Accounts

by WordPress Expert

Paypal India did change in withdrawal functionality for Indian users.Before that Paypal  Pancard demand issue stop many Indian users payment. and Now another change for Indian Users after two months that from August 1, 2010 Indian users can only withdrawal their funds only by using Check.

At present you can request for either an electronic or Cheque withdrawal of funds from your PayPal account if you are an India user.

 how PayPal stop bank account withdrawal

PayPal stop bank account withdrawal


From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account.

While PayPal India working hard to restore the electronic withdrawal service, in the meantime,

They are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly.

To request for a cheque withdrawal:

  1. Log into your PayPal account, click on ‘Withdraw’.
  2. Click on the ‘Request a cheque from PayPal’ link.
  3. Enter the withdrawal amount and select your mailing address, then click ‘Continue’.
  4. 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.
PayPal had informed this message to all Indian users by sending email. And it mentioned that the $5 fees will be waived during this period.

PayPal had already removed the Credit Card withdrawal few months back. So, now Cheque withdrawal is the only option for withdrawing money for Indian users.

These Articles can be helpful to you

  1. Paypal India Start Demanding PAN Card Details for Money Transfer
  2. Add PAN and Bank Account -Now required for PayPal India Users
  3. Paypal India not allow to receive more than US$500
  4. Free 7-Free Hosting Trial From HostGator India
  5. How to Delete Twitter Account

Tagged as: PanCard Paypal, Paypal India

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Article by WordPress Expert

WordPress Expert has written 123 articles.

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{ 2 comments… read them below or add one }

michael

we all know that there is some issues with RBI and Paypal for past few months for withdrawing funds, here Comes Another Restriction Now to Withdraw funds to your Credit Card or Bank Account.
We can Only Request Cheque from Paypal until this issue was Cleared :( .

So Far I received Funds Directly to my Bank Account Only. I didn't requested Cheque's from Paypal since my account was created. I just Withdrawn All Funds there in my paypal to my bank account as we've 1 More day to withdraw funds to bank accounts…

paypal pancard

I wonder why Paypal are doing this in the indian region, seems a shame really and not really fair on the peeps that are using Paypal to conduct business online.

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