PayPal India reverts to paper cheque payments

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In a move to satisfy regulatory authorities in India following the temporary suspension of PayPal services earlier in the year they have suspended electronic transfers to local banks in India. In a move which harks back to the days before ecommerce existed, from the 1st August Indian PayPal users will have to wait for a paper cheque payment in the post.

PayPal say that they’re working hard to restore (for which read satisfy Indian regulatory authorities) electronic transfers, but in the mean time they will be waiving the $5 cheque withdrawal fees as of 29th July.

I have to say I’m relieved we’re unlikely to have issues like this in the UK. Not only will cheque payments slow down accessing funds but it would also mean the return of trips to the bank to cash them along with the associated clearance time.

One Response

  1. A new fact about Pay Pal :

    I applied for a charity account with Pay pal because its free and supported by vbulletin software for payment subscription, I have all the documents like NGO Registration certificate, Memorandum of Society, Society PAN card, and the Bank details , bank details were verified by the Pay Pal by depositing amount of Rs. 2 and 40 paisa, after submitting all the document as per said in their website and in their emails, they denied me for the account, just because they have no tie-up with India regarding charity account, what the hell is this, why the pay pal people should not mention at the time sign up process. I have wasted around 1000/- rs in doing fax to pay pal and after 4-5 days they denied.
    Don’t apply for a charity account with pay pal if you are living in India. Just wastage of time and money.


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