Paypal’s New Announcement – Great Disappointment

Update: Please see the recent update on this article “Paypal’s Recent Announcement is a Phishing or SPAM“.
Today paypal have sent an email to its account holders with the following information. In recent months the paypal decisions on payment holding for indian users just rectified and another hot rollout done by the PP Team. This clearly makes many bloggers and people who are interested in making money online to look for the alternatives. Paypal also applied PAN Number addition to the existing indian accounts for adding more security and for verification purpose.

• Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days.

• While making the withdrawal please make sure you select the purpose code that best fits your business.

• Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.

• If you would like to make purchases on any website that accepts PayPal, you can continue to use any credit card issued by a bank in India.

For any questions, please reach out to our customer support teams by following the steps below:

1. Log into your PayPal account
2. Click “Contact Us” at the bottom of the page
3. Click on “Send Us” an email or “Call Us” to reach us by phone

These steps by paypal may force its indian base to think about the Paypal alternatives.

About the Author: Robin C

Security Consultant, Engineer, Technology Enthusiast and Blogger.

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