Paypal Issue - Many Indian Customers Affected!

It just happened out of the blue!

Many have been taken by surprise by this move by Paypal. The fund transfers to and fro from personal accounts has been suspended and some of the transactions have been reversed. Many freelancers, small businesses that used Paypal have been affected because of this!

Paypal cites it is governmental compliance requirements which will take time to get sorted out, may be a few months. That means, your money is sitting pretty in paypal and you can't withdraw it till this gets sorted out!

Here is the post on the official Paypal blog: https://www.thepaypalblog.com/2010/02/update-on-paypal-situation-in-india/

Let us keep our fingers crossed and hope it gets resolved soon!

Srinath