PayPal Stops Electronic Withdrawal In India

India is reportedly slipping down on the radar of mega-corporate. Despite being projected as one of the fastest growing economies most mega-corporates do not offer the same level of services in India as they offer to China or other South Asian economies.

The recent blow is PayPal. PayPal will stop electronic withdrawal for Indian users from July 29th, 2010. Currently users can request for either an electronic or cheque withdrawal of funds from your PayPal account if you are an India user.

PayPal sent an email to its India users notifying the change. The company does add in the email, "While we are working hard to restore the electronic withdrawal service, in the meantime, we are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly. In order to help you with this change and until further notice, we will refund the $5 USD cheque withdrawal fee to you for cheque withdrawals made on July 29, 2010 onwards."

PalPal doesn't even have a localized site for India unlike the once it has for other South Asian countries like China.

Most major companies including Amazon don't offer services to India.
PayPal Stops Electronic Withdrawal In India PayPal Stops Electronic Withdrawal In India Reviewed by ManaBlog4All on 12:46 PM Rating: 5
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