PayPal Suspends Transcations for Indian(Personal) Accounts


Well  this is a disgusting move from Paypal India, two days back  I was unable to  buy vBulletin License  via my personal PayPal account and more over they reversed many Transactions from my account. When I tried to contact   Paypal about the issue, they replied  very simply as quoted below.

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Hello Ramakanth,

Your payment of XXXXXX has been sent back to the sender of the payment.

We reversed this payment because we have stopped allowing personal payments to be sent to or from India.

If this was a payment for a purchase of goods or services, and not a personal payment, then you may contact the buyer and have him or her resend the payment as follows: (a) click the Send Money tab, (b) select “Goods,” and (c) provide a shipping address.

If this payment was a personal payment such as a gift, then we have requested that the sender find another payment method until we restore personal payments to and from India.

We are trying to resolve this issue as quickly as possible and we’re sorry for any inconvenience.

Thank you,
PayPal

There is outrage among many freelancers and Indian bloggers for their decision to stop all personal/gift payments to and from India without any notice.

According to Economic Times, this move was due to new regulations introduced by Indian government rules aimed at preventing money laundering.But officially PayPal has not cited the reason behind its decision to suspend the personal payments to and from India.

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