Paypal has cheated me bigtime!

@subha12 (18462)
India
November 17, 2007 8:06am CST
I was really shocked to see this. I added my Indian bank account to paypal account after I got a mail saying indian account transfer can be done now. I added with IFSC code and all and requested for trasnfer of $13.58. They were to charge INR 50. So the amount to be transferred was INR 478. After about 15 days when i checked, for unknown reason it is not transfered and only $5 is transferred to Paypal again. I am really shocked at this. When they don't transfer to indian account, at time of adding bank avcount and all why they accepted it? Is it to cheat people like me?
4 people like this
18 responses
• India
19 Nov 07
check with your bank. coz paypal have clearly mentioned that your bank may charge you additionally for efunds transfer, apart from this inr 50 charge by paypal.
@Perry2007 (2229)
• Philippines
18 Nov 07
This is bad. Was there no error made? If there be 1 million people with even 1 dolar debited thats 1 million already. Economic sabotage that is.
1 person likes this
@mayka123 (10129)
• India
30 Jun 08
Can you tell me how you receive your payments now. Is it thru Indian Bank.
@subha12 (18462)
• India
30 Jun 08
i get it in paypal. then i added indian bank account with correct IFSC code and transfer there.
@mayka123 (10129)
• India
30 Jun 08
could you tell me what this code is?
@kalav56 (11503)
• India
30 Jun 08
There must have been some mistake with the code because only then there would be reversal. Once it had happened to me and I had to pay a reversal fee. Thereupon I checked the code with the bank and Paypal uses NEFT also to transfer. IFSC AND NEFT are different. Please check with your bank thoroughly before you do it the next time. Do not ask anyone over the telephone;sometimes they give MICR code instead of the requested code . Contact the person in charge by making a visit to the bank and ask the person working in the Forex division.ICICI bank is very helpful in direct money transfer and do this very very efficiently. I do not know which bank you transferred your money into. But make a personal visit to the bank and don't trust anyone on the phone unless it is a very high official or someone within your circle of friends or relatives..
@kalav56 (11503)
• India
30 Jun 08
Another thing is we pay roughly 3 percent or slightly more by way of currency conversion. probably you did not take this into account. I read your mentioning 478 ansd I feel that you may not have taken the currency conversion into account. Your code may have been right but this may be the issue.
@cuterose (1698)
• India
17 Nov 07
how sad. i really dont know about this transferring business and all. i once tried to fill up my paypal account but i couldnt. now i have to be double conscious and carefull about this. you contact paypal and enquire about the issue. and pls let me know what happened to your money. its good that you've shared this. so that others will check out properly and then proceed. thanks for posting this buddy.
@cuterose (1698)
• India
30 Jun 08
Thanks for marking mine as best response buddy. and, what happened to your money? Did paypal respond your quiery?? Please let me know. Thanks in advance
@milott (2649)
• India
17 Nov 07
Is it really true. I was having such doubts when adding our bank details to paypal. I was actually going to add my bank details to paypal but thank god you have warned us. Now i will confirm and do it later. Please let us know what happened. Complain this case with paypal and do let us know on what was the result.
@subha12 (18462)
• India
18 Nov 07
yes its true. i have mailed them but no answer
@sumitsonu (599)
• India
17 Nov 07
yea it is really a cheat , have you complained paypal about this thing
@subha12 (18462)
• India
18 Nov 07
yaa did. but no ans
• United States
30 Jun 08
really???Oh my!Actually I nver heard about someone complain to paypal.Thats why I did not transfer yet my paypal to my bank account bcoz im worry and I decided to make another account to make sure they dont scam my accounts.Careful nxt time buddy!
@mEisky (825)
• Philippines
30 Jun 08
Bad..hate those who cheats!!hmm..why dont you report or make a complain..Goodluck
@Daffodil20 (1754)
• India
30 Jun 08
It is very sad to know what happened with your hard earned money subha.But now I hope you are not facing such a problem.How do you use your paypal money now?
@MsTickle (25006)
• Australia
21 Nov 07
If you contact PayPal and state the facts they will get back to you promptly to explain your dilemma. There is obviously some mixup. Just state your case unemotionally and you will get a result. Good luck. I hope your problem is cleared up soon.
• India
18 Nov 07
Hi subha, this is very sad and very disappointing.i didnt make any paypal account.so i dont know more about that. I cannot understand why they cheat us? I think they take that money as any charges or taxes.The problem might in bank transaction. Also i think is it due to bank account.? Way i know Your account is in which bank? Happy MyLoting :-)
• United States
18 Nov 07
I am not familliar with paypal, but a lot of these "work from home" sites only want to pay me using paypal. Now I think I will trying to find some other way. I had a weird feeling about it from the start. -Chie
• India
18 Nov 07
Yes,it is really a shoking news and i think it is the problem with the bank transaction fee.I think Indian bank also take some transaction fee from us for the transfer and processing.
@yasaran (788)
• India
18 Nov 07
I think you can just send a mail to them and get it clarified. Also you may have to check if there is any foriegn exchange fee applicable. whatever response you get pl inform us.
• China
18 Nov 07
Well, I can't make out clearly what's going on here. It seems that there's some problem with your Paypal. Can you give some details?
@williamjisir (22909)
• China
18 Nov 07
Hello subha. I think that it is high transferring fee that made your earnings decreased so much. I could not understand why the fee is charged so high. It is the same here in China. It will charge us 35 dollars to get the hard-earned earnings from Paypal to our own bank account, which is not worth it. I am sorry for your case. Once bitten, twice shy. I hope that you will deal with it in a better way next time. Good luck, dear friend.
@vsraovsr (734)
• India
17 Nov 07
What is IFSC code Iam trying to search for it to submit in pay pal details. can you pls help?