I got the below reply from Paypal.
Posting it for your information.
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Hello my name is Beverly, I am happy to assist you with your question
regarding your withdrawal.
We are aware of this issue and I sincerely regret the inconvenience it
has caused you.
Our technicians are working to resolve this matter. Although, I do not
have a time frame as to when it will get fixed, I assure you that this
issue has been escalated. We will take note of your email address so we
can look into your account. We appreciate your patience and
understanding.
Sincerely,
Beverly
PayPal, an eBay Company
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