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PayPal Restores Electronic Withdrawal Services For India

Sunday, 01 August 2010 19:20 logesh

Popular electronic payment service provider PayPal has announced the restoration of of its electronic withdrawal services.Earlier, PayPal had said that it would stop the electronic withdrawal service to Indian bank account with effect from August 1, 2010. The company asked the customers to opt for check withdrawal service and also promised to refund the $5 processing fee.

PayPal has resumed all the electronic fund transfer services to India, which they have blocked a couple of days ago. PayPal has been flooded by millions of user complaints from India ever since they have blocked the electronic fund transfers to India. PayPal has to stop it with respect to the India’s banking laws and regulations.

Good news for millions of PayPal users across the country, as PayPal restored the EFT electronic fund transfers. Now you can use your PayPal accounts just like before with no real tension. Thanks to PayPal for sorting out this issue in just a couple of days.

All the PayPal India users have already received this news in their Email. PayPal has blogged this news in their official PayPal blog. PayPal users of India are appreciating the efforts of PayPal to resume EFT in India.

PayPal has become a lifeline for many people in India over the past few years. PayPal is so important for people who make their living directly or indirectly on internet. PayPal users are mainly the internet earners like webmasters, freelancers, online journalists and internet marketers. Even PayPal has become hot favorite for NRIs for sending money to their families and friends in India.

Our valuable member logesh has been with us since Thursday, 10 December 2009.

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Vanitha
2010-08-22 19:02:34
This info"PayPal Restores Electronic Withdrawal Services For India" really make me happy, and saving some money, bacause i do frequent transanctions wit paypal i relation to forex,

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