PayPal Re-enables Electronic Withdrawal Service in India

PayPal India has built quite a reputation for pulling nasty surprises out of the blue. Three days back, they suspended indefinitely electronic withdrawal services or direct deposits in India. The good news is that something changed, and PayPal has re-enabled the crucial electronic withdrawal services.

Paypal-Withdrawal

As always, PayPal’s official announcement offers little explanation and simply apologizes for any inconvenience. “We want you to know that our customers are our #1 priority and we are working non-stop to improve our service to you”, wrote Dickson Seow from PayPal’s Corporate Communications team. The previously announced $5 refund for cheque withdrawals will also be continued for Indian users.

Needless to say, these out of the blue jolts have seriously damaged PayPal’s reputation. It’s hard to imagine PayPal being happy with the current situation either. Although we don’t know what caused the latest flip-flop, I will be surprised if the Indian government and regulatory bodies didn’t have a hand to play.

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Pallab De

Pallab De is a blogger from India who has a soft spot for anything techie. He loves trying out new software and spends most of his day breaking and fixing his PC. Pallab loves participating in the social web; he has been active in technology forums since he was a teenager and is an active user of both twitter (@indyan) and facebook .

  • Rahul Bajaj

    BUt i got an email on 28th July that it will be suspended from 29th july 2010, and no followups till now after that, so how and when did you get this news !

    • http://www.pallab.net Pallab De

      I sourced it from the offical announcement on the PayPal blog. Anyways, you can always check the latest status over here: http://www.paypal-apac.com/india/

    • http://www.techarraz.com Chinmoy Kanjilal

      You will get it soon., or maybe not. Check the link to the announcement in this post.

  • http://www.techarraz.com Chinmoy Kanjilal

    PayPal should be more transparent with its customers if it wants to clear image it has developed over the last few days.

  • Rahul Bajaj

    I got an email today for the same ! but its really funny the way it all happened in two three days time

  • http://www.harshitsinghal.com Harshit Singhal

    Finally & Thankfully !