PayPal opens up with the reason for suspension of India services!
By Rupsa Das
Mumbai: PayPal opens up with the reason for suspension of India services! PayPal on Tuesday opened up with the reason for the suspension of its services in India.
Anuj Nayar, director of global communications PayPal, explaining the matter in a blog stated that the suspension of the services of Paypal in India is the result of country’s revised licensing rules.
Though, the suspension is temporary but personal payments to and from India may last for more few months until the company resolves questions from the Indian regulators, he informed.
According to him, the local bank withdrawal is expected to be available within the next few days.
At the same time the company will restore money into the accounts of Indian customers who have recently initiated withdrawals and the extra charge taken for it would be reimbursed.
This post has 2 comments
February 10th, 2010
this decision ruined me.
February 10th, 2010
I agree with Jewel. There are thousands of freelancers trying to make two ends meet by working around the clock. Now their only chance of survival has gone to the dogs. It is only the crooks with political clout that can continue to enjoy life while the government cracks down on innocent people.