Paypal India : money transfer suspended

Image via CrunchBase

Paypal has blocked all payments to and from India.

Money transfer to India being one of the major issue of Indians from decades was worsened yet by the blocking of all Paypal transactions to and from India.

A few paypal account holders payments have been returned to the payee’s while a few have received an email that the money transfer will take time to reflect in the bank accounts.

Paypal online money transfer facility was one of the easiest ways of money transfer to all IT experts and other freelancers.This move from Paypal which is not only blocking all their money transfer but also not letting the Indian account holders the basic withdrawal facility has given a major shock to many Indians,.

Mr Anuj Nayar the spokesman of Paypal said that the blocking started on 28th Jan 2010. Paypal owned by the famous E-bay Inc is working to resolve the current situations in “the shortest span of time.”

The situation has continued now for a week and no resolution is in sight. Paypal is not revealing any date on the release of the payments of the Indian accounts holders.