PayPal has announced that it will again stop bank withdrawal in India from July 29, 2010.
The paypal blog is updated with below message.
You can get further updates from paypal here.
PayPal had informed this message to all Indian users by sending email. And it mentioned that the $5 fees will be waived during this period.
PayPal had already removed the Credit Card withdrawal few months back. So, now Cheque withdrawal is the only option for withdrawing money for Indian users.
And, Xoom also stopped accepting the PayPal payment.
It may take around 25 days (Cheque processing + Cheque postal delivery + Bank processing) for getting the funds in bank account.
Few months back also PayPal had some issues with Indian bank withdrawals.
Updates on July 31st
PayPal had started again the electronic fund withdrawal to India Banks.
You can bookmark this blog for further reading, or you can subscribe to our blog feed.