Is Paypal reversing All Payments Made To Indians true?

[rdavis]

Below is a excerpt from this forum.

There are big big discussions going on in other various forums starting back in (July 09 till current) like http://www.webhostingtalk.com/showthread.php?t=924134 that paypal is not only returning personal payments BUT ALL PAYMENTS MADE TO/FROM INDIANS!

 

Please check your balance now.

 

AND BTW NO NEED OF TRYING WITHDRAWAL. ITS ALREADY IN MESS..

NO WITHDRAWAL TO BANKS IN BEING DONE FROM PAST FEW WEEKS FOR PAYPAL INDIAN USERS.

 

This only applies to Indian paypal users we hear.

 

 

 

 

I am the buyer and paid for a hosting service. 2 days later I got an email from paypal saying they returned me money when I never asked them to do it.

 

"

Your payment of $35.9 has been returned to you. If you sent the payment with a bank account, the funds will be returned to your PayPal balance. If you paid with a credit card, the amount will be credited back to your card.

 

We returned the payment to you because we have stopped allowing personal payments to be sent to or from India.

 

If this was a payment for a purchase of goods or services, and not a personal payment, then you may resend the payment to the seller by following these steps on the PayPal website: (a) click the Send Money tab, (b) select “Goods,” and © provide a shipping address.

 

If this payment was a personal payment, such as a gift to a friend or family member, then we request that you find another payment method until we restore personal payments to and from India.

 

We are trying to resolve this issue as quickly as possible and we’re sorry for any inconvenience.

 

Thank you,

 

PayPal

"

 

The weird thing is the money hasn't been returned to my account. I'm not from India so I'm assuming the seller is from India. Should I just ignore this cause the money hasn't been returned and I'm guessing the seller still has the money?

[Jordan]

Did you bother to read through all of the pages from that thread at WHT?

 

According to a reports from techcrunch.com, Anuj Nayar, director for global communications at PayPal had said, “I can confirm that personal payments to and from India have been suspended while we address some questions from our business partners. You can still make commercial payments. We’re trying to resolve the situation as quickly as possible and we’re sorry for any inconvenience this may cause.”

 

Last year in November, the Indian government had issued a notification (No No.13/2009/F.No.6/8/2009-ES dated 12 November 2009) for prevention of money laundering. Under this notification, the Reserve Bank of India (RBI) has asked all banks and financial institutions to maintain proper record of all transactions and verify identity and address of a non-account based customer or a walk-in customer.

 

Might help to read through things.