PayPal suspends personal payments and local bank transfers in India

The online payments and receipts service provider PayPal has suspended personal payments and local bank transfers in India, informs Anuj from the communications team at PayPal, in a blog posted at the PayPal Blog. This includes transfers to and from local banks in India.

He wrote, ‘I’m writing to let you know that 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”. As per the post, ‘during this time, customers can still make commercial payments to India but merchants cannot withdraw funds in Rupees to local Indian banks’.

PayPal is trying to resolve the situation at their earliest and regrets the inconvenience that this may cause PayPal customers in India and around the world, the blog post says. If you are the one affected by the suspension of services you can check for updates on this problem from PayPal Blog.

I hope the problem is resolved soon as many thousands of Indians who depends on PayPal for online payments will be affected, especially the small guys like bloggers and small businesses using PayPal services for collection and transfer of payments using their services. As it looks, transfer of funds to your PayPal account may not be affected but getting the money back to banks located in India will be on hold till the problem is resolved.