PayPal Re-enables Electronic Withdrawal Service in India

Posted By Pallab De On July 30, 2010 @ 1:13 pm In Tech News | 6 Comments

PayPal India has built quite a reputation for pulling nasty surprises out of the blue. Three days back, they suspended indefinitely [1] 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 [2] 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 [3] 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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URL to article: http://techie-buzz.com/tech-news/paypal-withdrawal.html

URLs in this post:

[1] suspended indefinitely: http://techie-buzz.com/tech-news/paypal-suspends-direct-deposits-banks-in-india.html

[2] official announcement: https://www.thepaypalblog.com/2010/07/electronic-withdrawal-service-continues-in-india/

[3] out of the blue jolts: http://techie-buzz.com/tech-news/paypal-india-personal-payments-suspended.html

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