Delay in PayPal Funds Transfer

[cosycom]

Hi friends , Normally all funds withdrawn from Paypal to our bank account are credited within 3 to 5 days .
I have withdrawn some funds on 19th feb 09 . Paypal shows funds already transfered but they are not received in my ICICI account till date . Anybody else also facing same problem ???????

Paypal seem to have an office in India but their address and contact information is not available anywhere .:(

Regards

Narinder

[real.phoenix]

Dear eBay team,

Any Good News?

Regards,
real.phoenix

[Anonymous]

Dear All,

eBay India is in constant communication with PayPal to keep you updated on the progress in resolving this issue.

As mentioned by Farhad Irani from PayPal in his blog post, PayPal is working with the Reserve Bank of India and is hoping to allow merchant customers to withdraw funds from local banks soon, but unfortunately this is taking longer than expected.

PayPal continues to offer the facility to request a cheque, which you can receive in in 2 to 3 weeks time. Due to the inconvenience caused due to the current issue, the normal 5 USD fee for using this facility will be refunded to you. You can request a cheque from the Withdraw Money tab of your PayPal account.

Please note, eBay India’s PaisaPay remittances continue to be unaffected by this issue.

We realize that this is a difficult time for our sellers who sell internationally and ask you to bear with us. Please continue to list on eBay while we assist PayPal in resolving this problem quickly.

For any assistance/clarifications, please do reach out to your Account Managers/Category Managers. You may also post your queries here or e-mail me at sushant@ebay.com.

Regards,
Sushant

[poonamjewels]

Hello,

After an "An Open Letter from Farhad Irani on the Situation in India' on 16th Feb, we have not received any updation, other than some canned responses. Some one in the authorities at least keep us posted about the proceedings. We are here to run the business. Thousands of sellers are badly affected and still there is no news, from anyone.

This is my sincere request to Ebay staff on behalf of every seller in India, to provide us with some news.

Atul

[amitava123gems]

Thosands of years ago our crazy ancestors were using BARTER. No greenback. No PayPal. No RBI. No Killawala. No Sushant.

[poonamjewels]

Thanks amitava123gems,

This is a new option:-):-):-)

[tmgexports]

hello mr. sushant
i just wanna ask you that all that you have told in your reply ,we all know it ,now sir can you tell me exactly what is the issue i mean exactly why paypal is not able to send money ? what RBI asked or ordered that paypal is not able to resolve and exactly how much time it will take to get resolved and please tell it honestly if it will take two months ,say it so we can plan for our payments accordingly and we then at least pay attention to selling not to the issue of paypal
sincere regards

[possibleblue]

Friends
Finally we got a BREAKING NEWS from Mr-Sushant .

[Anonymous]

Dear possibleblue/tmgexports,

I understand the challenges you are facing with working capital for your business and with shipping orders to your buyers. Rest assured, we (eBay India) are working closely with the PayPal team in resolving this at the earliest. At this point of time, I don't have anything more to share but will definitely be doing so as soon as we have any updates.

I would advise you all to continue to tap into foreign buyer demand and continue listing your items to this engaged audience. Do reach out to your category managers or me for any more assistance.

Regards,
Sushant

[tmgexports]

thanks sir
for your quick answer ,one more thing will ebay help with this while waiting for their fees for the same period i mean if we pay our fees after the issue has resolved or can ebay take its fees directly from paypal as earlier it was not possible for indian sellers until the issue is resolved also can you help us in increasing the withdrawal limit in paypal which is $2500 for now 🙂
just in case

[adit999]

Dear Mr. Sushant,
You need a balance in your PAYPAL account to request a cheque from them !! My balance has disappeared .... not showing up in either PAYPAL or my bank account ?? Have tried to contact Navin Mistry and Nisha Singh about this issue and gotten no concrete answer from either of them.
Another issue is with a 2 month old credit card withdrawal from PAYPAL which has not yet showed up in my credit card statements ?? What is going on here ......
Please treat these issues as urgent,
Best regards,
Adit999.