PayPal Update In India | PayPal Show Reason For Suspension Of Indian Service | PayPal Halts In Response Of Indian Regulator
PayPal Update In India | PayPal Show Reason For Suspension Of Indian Service | PayPal Halts In Response Of Indian Regulator
PayPal Executive Anuj show the reasons of PayPal suspension Of Indian services. Anuj told that
“We temporarily suspended these services to respond to enquiries from the Indian regulators, specifically questions on whether personal payments constitute remittances into India.”
He also told that Indian regulator recently asked PayPal about revised licensing rules.
PayPal executive also told the following update about PayPal Suspension in India:
Personal payments to and from India will be suspended for at least a few months.
Customers should be able to withdraw their funds to a local bank within the next few days.
Customers will also be reimbursed for any withdrawal fee charges.
PayPal trying to resolve the issue as soon as possible with top priority
PayPal executive also apologize on behalf of PayPal for the inconvenience that this is causing our customers.