I cannot withdraw from paypal , I never Thought that paypal will turn to scam

India
February 9, 2010 9:14am CST
Hi Freind I have premier account and I have around 135 dollar In my account so from past 4 days I withdrawn $20 into my bank account and from past two days it was showing that complete but today my $20 has been reversed and $2 has been deductd and now I am very sad means I can not withdraw that amount what I have in my balance. Plz tell me because In this way we can not earn because we Indians have only paypal option. If there is No way so plz tell me any good poisoon name not because I will not able to withdraw that amount but I will not able to make money now . Because many sites have only paypal payment method
4 people like this
22 responses
@sunnycool (12714)
• India
9 Feb 10
hi Sachin,paypal hasnt turned scam---there been some problem between the paypal and RBI----it seems our government have made straicter rules coz more indians have been transfering the amounts to their bank accounts without paying any tax.hence they have limited any transfers and personal payments from our paypal account.its gonna be fine soon.till then do not make any transactions coz it would result in a fee dedcution.great day.
1 person likes this
• India
9 Feb 10
Dude You are right actually some people were saying that this problem was for personal account but I was foolish because I thought that I have premier account so I will not face any problem so I had withdrawn $20 into bank account But after 2 days that payment has been reversed and conclusion is $2 has been deducted . See If this problem will be rectify soon so there is no problem but if this problem will not get rectify so There is big problem for all Indians because No sites can send payment to us and second and big reason is that most sites have only paypal . See Alertpay is unprofessional and they provide only Bank wire service and for this we need to get verified our account and I heard that They take too much time around 1 year to verify any account , I dont know why. Western Union is Good but I dont think that any site is providing this method to Indians I think all sites have two or three option for Indians because There are many Indians members on every sites so they should understand this fact that if one option has problem so we will go another option . This is not only our loss , this lose for every legit site . Because this Time I am not working on any site because what is Use I will not get payment , So I am praying that this problem will get rectify soon . Any new update if You will get so Plz Inform me
1 person likes this
• India
9 Feb 10
Thanks to make me little relax . Hey tell me One thing that I had word with one admin where I am working to make money . They said all payment transfer will be business Transfer so is there any problem to recieve that payment . I know I can not withdraw until problem will not get rectify but If admin will send payment as Business transfer so will My payment be reverse ???????????????
• India
9 Feb 10
What are you serious ? Really But I dont Think Because I had withdrwan $20 into bank Account on 7 feb and Today that payment has been reversed . Why ? If problem has been sort out? well Plz try to search and Plz share all new update here . It is very good for all Indians . Thanks
• India
10 Feb 10
I think we are in a deep trouble. We are so sad. If you get any updates then please share with us.........
1 person likes this
• India
10 Feb 10
well New Update is this Paypal will not accept personal payments for few months and we can withdraw into bank account in next few days well I am happy that the amount I have I will withdraw into my bank account but I am sad because for few month I can not receive any personal payment means No earning .
1 person likes this
• India
9 Feb 10
There is no need to get panic and i think the problem will be resolved quickly by paypal,other wise they will loose lot of customers who do online transaction with paypal.
1 person likes this
• India
9 Feb 10
Yes But when this problem will get rectify .? I already lost $2 because I had withdrawn $20 into my bank account . If you will get any new update so plz share with me
1 person likes this
@drakesuyat (1063)
• Philippines
9 Feb 10
.. brother i think the paypal issue on your country is not resolved yet. lets just pray for it to be solved soon. i myself is a little scared coz i have a reversal issue as well and still waiting for it to be cleared.
1 person likes this
• Philippines
10 Feb 10
no. im from the philippines but i experienced payment reversal from paypal last jan19. a friend here from canada experienced the same thing too.
1 person likes this
• India
9 Feb 10
Are you from India ?
1 person likes this
@Tina83 (1223)
• India
9 Feb 10
I am 100% sure that paypal problem will be solved soon, like u only I just got some $100 recently in my paypal.Not only us, lakhs of dollars of Indians been struck in paypal account what I think.Paypal will also face a huge loss so be patienceand wait for some days.
1 person likes this
• India
9 Feb 10
Tina If you will get any new Update so plz share with me , I am very worried . This is crucial moment and we all indians should boost ther confident . Right and we should fight together against this issue . For this We should Contact to paypal and send our problem as well as we should let them aware that if they will not rectify this problem so we have to choose another option of payment.
1 person likes this
@sherwinm (149)
• India
9 Feb 10
hey sachin! do not worry. this is what everyone is been telling. and it is soon expected to get solved so wait until then. do not worry:)
1 person likes this
• India
9 Feb 10
Hi How are You , Hope You will be right because I am very worried and This time I am not working on any site just because I am thinking that What is use , I will work but Paypal will reverse my payment. Indian Government is also Responsible For This . God Knows How much tax they want from Our side ? They are taking already many type of taxes like Vat, Income tax , Service Tax., Sale tax, Water Tax, and many more . Thats Why India can not Grow Up just because corrupt Minister and politics .
1 person likes this
@smilyn (2967)
• United States
9 Feb 10
It is not that paypal has turned into scam..Just wait for few days..It is said that this is a temporary problem..Paypal has already announced that all personal payments has been suspended to and from India..This includes transfer of money to local banks too..So do not carry out any transaction at this time..Wait till you get next announcement from paypal or find any other alternative to this.
• India
9 Feb 10
Yes you Are right.
• United Kingdom
10 Feb 10
As far as I know paypal is not a scam. I don't know why you experienced the situation that you did though. I don't know if there are different rules in different countries for the way money is transferred and things. You should try and make contact with them to see if they can help you with this. I use paypal myself but I don't have a premier account or anything like that. I just have the basic account. I wish you luck anyhow. Andrew
1 person likes this
@kiran8 (15348)
• Mangalore, India
9 Feb 10
H SACHIN, we are all sailing on the same boat, so theres nothing much anyone can do but wait and watch.I feel that they are not going to let go of their business from so many Indians who deposit all their online earnings into their account.They may bring in some charges thoigh, that is what I feel, anyways lets wait and see how it goes..
• India
9 Feb 10
Well ofcource if they want to increase their fees so they can but they should not reverse any payment , actually they are big boss now because they know this fact that if they will stop all transcition of all Indians For sometime so there will be no effect on their business because they know it that 90% sites have only paypal payment method thatswhy They are taking much time to solve this problem but just think If we had another option in our hand so they never took much time Right? Western Union is Good but No sites is providing this method
@mohak123 (104)
• India
9 Feb 10
yes friend i faced the similar problem . i withdraw 46$ but i could not find it in my band account after 7 days but found the amount in my paypal and the deducted 4$ from my account and paypal has also reversed my 15$ earnming so the site from where i earned .
1 person likes this
@zahiedp (421)
• India
9 Feb 10
Hello Friend .... There are lots of indian users facing this problem bcoz of paypal 's internal problem .. paypal said they will solve this problem within this week .. and according to me half of problem already solved ..thats way i got back your amount .. My advice to wait some days everything will be fine then withdrawal your money from paypal to your Indian bank account .. So DOn't worry " ALL izz WELL "
1 person likes this
@ghieptc (2522)
• Philippines
10 Feb 10
So sorry to your situation like this. You have to figure out how can get your money. Maybe you can email the admin for the situation you encounter. Why it turn like that & do you have any options beside paypal or buy a debit card.
1 person likes this
@bnx2212 (712)
• Philippines
9 Feb 10
Don't worry my friend, Everything will be resolved in time. Cheers!!
1 person likes this
@prasunsam (356)
• India
9 Feb 10
Being and Indian i can understand your pain brother but i think paypal has not done good by stopping our payments, if Indians would not not work then how could these big companies like paypal could stand up.If they don't do something immediately then with us they are also in big loss and the trust that they have built up with the people of India of providing secure payments ,they are also going to lose that.This is a very valid issue and thanks for raising this.
• United States
9 Feb 10
Believe it or not, Paypal has users from all over the world. Not just India. So saying Paypal would close due to stop service in India is a bit far fetched. However, I do hope they resolve the issue soon.
• India
9 Feb 10
But dear Until they are not resolving We are bearing very loss along we are sad also . I know Paypal is Good But why all Happens use to be done with Indians ? May be reason of Currupt India' Minister .
• India
9 Feb 10
You are right But what to do my freind ? Well I Hope they will rectify this issue But at present we are in Big loss . Main reason is We dont have any other option for payment and 90% sites have only paypal option . Sites should also add some good option for payment like Western Union But I dont think that any site is providing this method . Direct bank wire , Bank transfer is also good but No sites are providing even all sites know that they have many Indians members . If you will get any new update so Plz share with me .Well I have to keep patience because I have $133 in my paypal balance and this time I can not withdraw
• Philippines
10 Feb 10
I have read a couple of discussions that Indians are having problems regarding their Paypal account. I believe and Hoping it will be resolved as one of my indian friends, have the similar situation and Paypal already solved it. I hope it happen to you too, which I am sure Paypal will not allow this situation to for long. It will be solve soon.
@hatimyal (1516)
• India
10 Feb 10
Man there has been so many topics , disscussion , and just search any forum everyone is talking about this. PAYPAL HAS NOT TURNED SCAM you should read forums and other sites to get more info. check here for all the updates www.thepaypalblog.com
@neildc (17239)
• Lapu-Lapu City, Philippines
10 Feb 10
i have seen and read some other discussions and news about paypal reversing payment to indian members. i think, paypal have to do something about it, besides, i also heard that even non indian members are experiencing this or have trouble with their paypal accounts.
@ybong007 (6643)
• Philippines
10 Feb 10
It seems a little too harsh to accuse Paypal of being a scam site. Mylot members are all paypal members. If you have problems with your account only means paypal has internal problems and i'm sure it is being addressed as of this moment. What you need to do is contact paypal directly so will get answers to your questions.
@evydabest (197)
• Malta
10 Feb 10
hey sachin, Paypal is one of the largest online funding websites. I doubt that such a large company will turn out to be a scam. I think Paypal's staff are responsible enough to fix this issue. All i can tell you is to sit tight, and wait. You can contact customer service. I doubt that this issue will remain, as probably other indians are witnessing the same problem. I suggest you don't withdraw any funds from paypal for now, until they state a notice or something. Have a good day, evydabest
@nykel88 (999)
• Philippines
10 Feb 10
Hello fellow asian brother. I know you are frustrated of paypal because their reversing accounts. I'm sorry to hear that but this will be solve soon. In fact I saw another discussion concerning about this but it says that GOOD NEWS about Indian accounts. It somewhere here in myLot I just didn't respond to that posts. You can find the keyword of it. Good Luck ^^