PayPal halts certain payment transactions in India

[G?re]

SAN JOSE, Calif. – The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.
A spokesman for the service said Saturday that "personal payments" to and from India are being blocked. Transfers to banks in India are being suspended as well.
The spokesman, Anuj Nayar, said PayPal is taking the step while it answers questions that have arisen about the service. He declined to elaborate.
Nayar said the suspensions began Jan. 28. He wrote in a blog post that PayPal, which is owned by eBay Inc., hopes "to resolve the situation as quickly as possible."

http://news.yahoo.com/s/ap/20100207/ap_on_hi_te/us_tec_paypal_india

G?re Reviewed by G?re on 7th Feb 2010. PayPal halts certain payment transactions in India SAN JOSE, Calif. – The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week. A spokesman for the service said Saturday that "personal payments" to and from India are being blocked. Transfers to banks in India are being suspended as well. The spokesman, Anuj Nayar, said PayPal is taking the step while it answers questions that have arisen about the service. He declined to elaborate. Rating: 5

[wf?9]

I think they are fucked up. PayPal is gonna lose on popularity soon.

[G?re]

Yeah ..............

[Catz]

i Noticed that i can only send e-checks now to india.

Strange...

[deep.j1]

paypal sucks and getting fucked by usss!!!!

[wf?9]

Quoted from a site

Paypal is facing severe outage and all payments to/from India are being reversed.

This is an email I received from one of the payment service

We were just alerted that PayPal India is experiencing some challenges and stopped allowing payments to be sent to or from India. Funds requested through PayPal India are being reversed to their senders, and users have no access to them. PayPal has yet to share with us an estimated time for resolution.

Update: We have sent a mail to Paypal India and haven’t got any convincing answer yet. The only convincing part has been Alok’s comment on this issue:

I read somewhere that this has happened because RBI asked for some documents but Paypal didn’t furnished them and as such all the transactions from Paypal to Indian Bank has been reversed. That do explain the delay in withdrawing the money from paypal to bank accounts(which people are reporting that they are facing this from 26th Jan onwards) but doesn’t explain why the money is being returned to original senders and that too without any kind of intimation at all.

is paypal moving out of India ?

[devilboy23]

ahh fuck paypal..i will be moving to mb or lr

[DJGaurav]

Even i am going to move to mb . Problem is Paypal is widely used so everyone knows ultimately we cant move fully away from paypal .

[EvilGenius]

paypal will never lose popularity.
the way i see it, Govt. tried to fuck with them and they're fucking back

[The Dude]

It is paypal fault dude. paypal is not professional that they can show all detail that RBI asked.