paypal bank tranfer in india?

India
February 22, 2010 6:34am CST
this is for indians. Please help me in this problem. I requested for a Paypal Withdrawal to send money to my bank account. They told that the payment will receive within 7 days (right?).. but not received yet.my bank is SBI
5 responses
@Wismay (2038)
• India
22 Feb 10
When did you request the withdrawal? Are you not aware of PayPal and RBI issue? Bank Transfers are stopped for now. It might take a few months to renew that option of transferring. You can use credit card or check to withdraw your money but it costs higher fee. And for check transfer you need to withdraw $150 or more. Otherwise the only option is use currency exchangers and turn your PayPal amount into Alertpay amount and try to withdraw. Try to search discussions on MyLot. Already there are numerous discussions on this issue and you might know all the details. And search on web too. Happy Mylotting!
• India
22 Feb 10
hi,wismay you say "turn your PayPal amount into Alertpay amount and try to withdraw." but alertpay has no option to bank tranfer in india so how can i withdraw fund from alertpay?
@pratik87 (1928)
• India
22 Feb 10
exchanges from paypal to alertpay is not legal.
@Wismay (2038)
• India
22 Feb 10
@pratik87 No one does the direct exchange of PayPal to Alertpay. There are some exchangers who exchange your PayPal money and deposit the amount into AlertPay account of yours. Why is it not legal? You send you PayPal money to your friend's paypal account and he sends his Alertpay money to your Alertpay account. Is it illegal? Read the response properly before saying somethings is illegal. Happy Mylotting!
@pratik87 (1928)
• India
22 Feb 10
bank withdrawals are currently suspended. read the paypal blog to know the exact situation. but currently you cannot transfer the funds from your paypal account to your bank account.
• India
22 Feb 10
hi partik Can you please tell me expected time or when you think it will get resolved?
@pratik87 (1928)
• India
22 Feb 10
hey jcekmint. as i said you need to read the paypal blog. they are saying it will resolved in few days but it has not been resolved yet. have you attached a credit or debit card to your paypal account?
• India
22 Feb 10
some of the mylot members testified about bank transaction of paypal money to the Indian bank accounts. Xoom.com, an exchange for e-currency is said to be sending money from your paypal account to your Indian bank account. Find out the details from mylot.
@Haribol (81)
• India
22 Feb 10
They are having issues with RBI.So you can withdraw your funds in your credit card or by check charge is $5.You cant withdraw to your bank.
@jaffna (778)
• India
22 Feb 10
Actually, there has been some problems with PayPal...a lot of complaints are being put up regarding this issue that you would have seen here in mylot too....wait for a couple of days...if then too you didn't receive, then contact the PayPal team...hope you get your withdrawals soon...as for me, i don't have any problem with it so far..Let them take up serious actions against this