PayPal Changes Withdrawl of Funds For Indian PayPal Account Users

July 28, 2010

in Internet,News

If you are a paypal user in India then here is an important update from PayPal for you regarding the funds withdrawl functionality. From 1st August, 2010 there will be a change in PayPal funds withdrawl for Indian users. Earlier Inidan users were allowed to withdraw their funds by two means: Electronic and Cheque withdrawal of funds. But now their withdrawl policy is a bit changed.

PayPal Changes Funds Withdrawl

Please note that From July 29, 2010 onwards, you will only be able to request for a cheque withdrawal of funds from your PayPal account. At present (before july 29th, 2010) you can request for either an electronic or cheque withdrawal of funds from your PayPal account.

This is what PayPal wrote in their email to us.

In accordance with regulatory instructions, we would like to notify you about a change in our withdrawal functionality in India starting on August 1, 2010. At present you can request for either an electronic or cheque withdrawal of funds from your PayPal account if you are an India user.

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

While we are working hard to restore the electronic withdrawal service, in the meantime, we are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly.



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