Paypal suspends payment transactions in India

PayPal Bad news for all those who shall be affected by this step of PayPal , the preferred online payment and monetary transaction service ... thumbnail 1 summary
PayPalBad news for all those who shall be affected by this step of PayPal, the preferred online payment and monetary transaction service across the globe.  

PayPal has no doubt been a favorite of the online community, be it the service/ products sellers or the buyers or even the bloggers like myself and you who used to transfer advertisement revenues generated on our blogs to our respective bank accounts.

So, what can be the other way out now? Lets wait and watch the happenings at PayPal's end. In case you know any other similar authentic transaction service, do let us know.

The source news piece that appeared in the online version of 'The Indian Express' is shared hereunder for ready reference...



Paypal suspends payment transactions in India
[Source: http://www.indianexpress.com]
Online payment service provider PayPal has said it suspended certain types of payment transaction in India.
In a blog posted on its website, PayPal spokesperson Anuj Nayar wrote: "Personal payments to and from India and transfers to local banks in India have been suspended while we work with our business partners and other stakeholders to address questions they have about the service".
Without giving any further details for the unusual suspension, he added that the company is working "to resolve the situation as quickly as possible."
"During this time, customers can still make commercial payments to India but merchants cannot withdraw funds in rupees to local Indian banks," he said.

1 comment

Post a Comment

Dear readers/visitors/subscribers,

Your valuable comments/feedback/suggestions/contributions are always welcome. Looking forward to hear from you.