PayPal Withdrawal Problem Solution

[shavin]

Hi,

I just found a alternative for Withdraws from PayPal to Indian Bank.

Try
www.xoom.com

It does transfer of money within 24 Hours to most of the Indian Banks.
You can transfer 2999$

Although the fees are high, but they get lesser when withdraw amount reduces.
Its fees are less than Western Union.
Also, the exchange rate is higher than PayPal, ie. 46.031 INR , currently.

EnJoY!!!

shavin Reviewed by shavin on 16th Feb 2010. PayPal Withdrawal Problem Solution Hi, I just found a alternative for Withdraws from PayPal to Indian Bank. Try www.xoom.com It does transfer of money within 24 Hours to most of the Indian Banks. You can transfer 2999$ Rating: 5

[wf?9]

I knew someone will post it here. I actually got better solution.

Quote from Official Blog of PayPal:

We were hoping that our merchant customers would be able to start withdrawing their funds at their local bank by today, but it looks like this will still take some more time. I understand your frustration and want to let you know that we are doing everything we can to free your funds.

It has always been possible for sellers to request a check or withdraw funds to a credit card, and these options are still available from the Withdraw Money tab of your PayPal account. If you don’t have a credit card attached to your PayPal account now, you can add one under the Profile section of your PayPal account. Before asking for a credit card withdrawal, please check with your card issuing bank to ensure that they can process it.

It usually takes five to seven working days for you to receive a check when you request a check withdrawal and PayPal normally charges a five USD fee. We are trying our best to help sellers during this difficult time and therefore will refund the check withdrawal fee back to your PayPal account within a week. I appreciate that this is not ideal, but please bear with us.

So it means if you request for check(cheque) you will get it for free. Xoom has higher fees, some 12$ for 100$ withdrawl. If your need is not urgent, request check.

I emailed them so as to ask from when that check fees waiveoff will start & got this reply:

Thank you for reaching out to us. I?m contacting you on behalf of
Farhad Irani regarding your email below.

I know that this has been a very frustrating situation for you and I am
sorry for the inconvenience it has caused you.

We will waive the fee on check withdrawals starting today. We will
refund the check withdrawal fee back to your PayPal account within a
week from the date of the withdrawal. We are waving the fee as a
courtesy while we are working with the Reserve Bank of India to restore
the bank withdrawal process.

I also understand your concern about no phone support available in India
at this time. At PayPal, we are always considering developing new
features and we appreciate your request.

I want to thank you for your business and wish you continued success on
PayPal.

Sincerely,
Darya
PayPal, an eBay Company

Hope it helps