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Paypal Reverses Payments Made To Indians

bhagwad writes "Beginning January 28, Paypal has been reversing the payments made to any Indian provider of services. In addition, Indian users have been unable to withdraw their money to their bank accounts. As a result, a large number of Indian Paypal accounts have negative balances running into the thousands of dollars. The worst part is that users weren't informed beforehand — the funds were just whisked away. Indian providers have gone ballistic, with over 2,000 posts on a thread on the reversal of payments and over 700 posts on this thread about the delay in transfers. Paypal hasn't given any explanation to this behavior other than they're looking into it. Although Paypal claims in the above blog post that payments made for 'Services' are not being reversed, this is not true. All payments not made for 'Goods' with a shipping address have been reversed — in fact, the Paypal e-mail tells the Indian sellers to encourage their clients to lie and claim that they're paying for goods with a shipping address instead."

13 of 509 comments (clear)

  1. Who will be manning the call centers... by Anonymous Coward · · Score: 4, Funny

    Who will be manning the call centers to handle the complaints?

  2. Re:Paypal's unspoken motto by markass530 · · Score: 3, Funny

    Should say loosing hundreds and thousands, yes I am an idiot for not reviewing the post first.

  3. Re:Paypal's unspoken motto by Anonymous Coward · · Score: 1, Funny

    sail
    noun
    1 a piece of material extended on a mast to catch the wind and propel a boat, ship, or other vessel : all the sails were unfurled.
      the use of sailing ships as a means of transport : this led to bigger ships as steam replaced sail.
      [in sing. ] a voyage or excursion in a ship, esp. a sailing ship or boat : they went for a sail.
      archaic a sailing ship : sail ahoy!

  4. Re:Paypal's unspoken motto by TheKidWho · · Score: 4, Funny

    loosing?

  5. Re:Paypal's unspoken motto by biryokumaru · · Score: 4, Funny

    He's getting his fleet of hundreds of thousands underway by loosing the sails.

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    When you're afraid to download music illegally in your own home, then the terrorists have won!
  6. My theory by wealthychef · · Score: 5, Funny

    I think PayPal is run by cowboys.

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    Currently hooked on AMP
    1. Re:My theory by wealthychef · · Score: 2, Funny

      Neal Young is in the next office down. Neal Armstrong is two doors over on your right.

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      Currently hooked on AMP
  7. Dear PayPal by codepunk · · Score: 4, Funny

    Please do the needful!

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    Got Code?
  8. Re:Makes me wonder... by davester666 · · Score: 5, Funny

    New meaning to the racist term "indian giver"...

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    Sleep your way to a whiter smile...date a dentist!
  9. Fool me once... by spintriae · · Score: 1, Funny

    Paypal are Indian givers? I had to check my clock to make sure it wasn't April 1.

  10. Re:Makes me wonder... by Anonymous Coward · · Score: 2, Funny

    What you say is very interesting. I would like to prescribe to your newsletter.

  11. Re:Paypal's unspoken motto by zippthorne · · Score: 2, Funny

    Aren't they the same? I mean, for all intensive purposes...

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  12. Re:This is due to money laundering / fraud by Anonymous Coward · · Score: 1, Funny

    Karma Sutra ????