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Hi friends , Normally all funds withdrawn from Paypal to our bank account are credited within 3 to 5 days .
I have withdrawn some funds on 19th feb 09 .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

[skygiftworldwide]

Hi Sushant,

I have no problem to remove my post. I have only given suggestion to our co-sellers if they wanted to withdraw funds in urgent requirement from PayPal.

On the other hand I had also come to know about that site from this community board only a year ago.

Hoping that the PayPal issue gets resolved soon.

Regards,

[Anonymous]

Dear Sellers,

Please find below a message from Farhad Irani, Head-PayPal, Asia Pacific Region.

Hi. My name is Farhad Irani and I lead the PayPal business in Asia Pacific. As the leader of PayPal’s business in the region and as a fellow Indian, I want you to know that we are sparing no effort in ensuring that the present day inconvenience in not being able to process the bank withdrawal functionality in India for sellers is quickly and completely addressed. This is the single most important item for me and my management team. My sincere apologies for the inconvenience you must be facing.

I’d like to let everyone know that I’m personally committed to working closely and tirelessly with the Reserve Bank of India to get a fast resolution to this issue, so that we can continue to help the thousands of Indian businesses who use PayPal to sell their goods or services in the global marketplace. India is a very special market for me and your continued success is very precious to us.

We were hoping that our merchant customers would be able to start withdrawing their funds at their local bank by today, but it looks like this will still take some more time. I understand your frustration and want to let you know that we are doing everything we can to free your funds.

It has always been possible for sellers to request a check or withdraw funds to a credit card, and these options are still available from the Withdraw Money tab of your PayPal account. If you don’t have a credit card attached to your PayPal account now, you can add one under the Profile section of your PayPal account. Before asking for a credit card withdrawal, please check with your card issuing bank to ensure that they can process it.

It usually takes five to seven working days for you to receive a check when you request a check withdrawal and PayPal normally charges a five USD fee. We are trying our best to help sellers during this difficult time and therefore will refund the check withdrawal fee back to your PayPal account within a week. I appreciate that this is not ideal, but please bear with us.

I’d like to let you know that I’m listening to your concerns. This is my direct PayPal email address: Farhad@paypal.com. Feel free to send me an email.

Farhad

[Anonymous]

No issues skygiftworldwide.

We are doing all we can to resolve this issue at the earliest. I will keep you all posted on the same.

Regards,
Sushant

[stylish_india]

Dear Sushant
By paypal update - It usually takes five to seven working days for you to receive a check when you request a check withdrawal

Is it so ?? Are they going to send it by reputed courier company with tracking number provided to us ?

[everything4u84]

Hello,
Does it mean we can withdraw funds now through online bank transfer? Please confirm same.
regards,
Priya.

[stylish_india]

Hi Priya
No it doesn't mean that. It means that choose another option of withdrawing funds - and select cheque

[everything4u84]

In simple meaning it means it does not help us in any which ways, I think its better to wait for problem to get solved instead of withdrawing by cheque as it will anyways take 15 to 21 days to reach us as Paypal sent cheque only by Airmail 😞
Any valuable or good suggestion please update it because as a seller I am very much frustrated.I dont even have money to pay my eBay fees
Regards,
Priya

[glamour-shack]

hello friend, paypal is solving the problrm with RBI that is Reserve Bank of India so all transfers are stopped, Paypal is suggesting "Request for cheque" they will charge $ 5 but will credit the same and this is a temp solution, and any info you need localy contact Farhad Irani Farhad@paypal.com and check this link

https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/

Regards
jay

[stylish_india]

Is there anyone who is going to take the risk by opting - withdrawal by cheque .. For me .. I am not going to take this risk

[benzasia]

Hello

withdrawing by cheque is very risky it may simply mean to wait for 20/30 days and still not sure if it will reach us or not ..

and the most important thing is that we needs funds right now in order to ship orders which are due and pay our ebay fees .
does any one have solution to that problem