Paypal holding payments for indian bank transfers done during 18thfeb - 25th feb 2009?

  • Question
  • Updated 5 years ago
There are numerous people from india haven't received there withdrawals initiated during 18th february 2009-25th February and even some after these dates.
Usually it takes 3-5 days to funds to get credited to banks via NEFT but 15days passed, paypal reps saying they are aware but still not giving any reply when they'll release our funds...what paypal is upto?
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  • frustrated

Posted 6 years ago

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I am also worried about this situation!
I have requested three transactions on 19th,22nd and 1st march ,i didn't even one payment to my bank account!
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This is really frustrating situation.The amount should have credit to our bank account by 21st or 22nd but now its 5th March

This has caused lot of problem
I have 3 transfers pending
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I didn't get the payment of the date 20th, 21st and 27th which is done the different Banks like Axis Bank and HDFC.

No answer from PayPal
Hope will get Back soon
Thanks
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Guy's Please Digg this Story too:-
http://digg.com/security/Paypal_Steal...

May be It will helps
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What the heck are you guys at paypal doing. It seem's they do not even have the balls to accept that they have messed it all. Thousands of users have been deprived of their own money for more than 2 weeks and no concrete respond from paypal. Is this a financial institution or a kind of mafia rule. All we receive is stupid email template.what are you guys doing with our money.. if you need money ask for it ..we will donate some to you guys. But stop playing all these crap.It seems randomnly they are holding payment. I made 6 transfers from 20-28 of Feb out of which only 2 got credited to my account and rest are all stuck, vanished, stolen or what not.

Stop fooling us anymore damn it !
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I am waiting for the money withdrawn on Feb 22.
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I am also waiting for my 9 withdrawals sent to my Bank acount from Feb 19 to March 2nd.

When are we going to get the money ????????
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Hi Guys,

I am really f***d up by PayPal. I did the withdrawal on 23rd February and it is still not credited to my bank account. It usually takes only 2 days but it is almost 12 days now.

I contacted several times to reach their customer support by phone with no use. I also send around 5 emails and only got template based reply. Only thing I can do it hope and pray which is ridiculous.
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Hi guys,
I withdrew funds from my paypal account to my bank account in India on 22nd February. It's been two weeks now and I have not received the funds yet. I heard a lot of people say that there was a technical glitch on paypal's side which made this happen. I see that there are representatives from paypal in this forum. I'd really appreciate if someone could throw some light on this issue.

Thanks
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I don't know what to say, I used to withdraw once in a month, like my salary. How to live this month without money?
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Transferred 21000 USD on feb 19th. Have not received yet. My business is affected like anything and I am in a huge financial crisis. You guys can imagine on what I am going through as the fund is pretty huge and paypal still got their email templates. Now waiting for 14 "business days" to start a trace of my fund. They are not sending any updates on their "TECHNICIANS" who are digging out our money.

"If you are unable to locate the deposit at your bank, and the status of
the transaction is still listed as completed, we can initiate a trace on
these funds once 14 business days have passed. In this case, please
contact us and our Customer Service will provide all the information to
initiate the trace procedure."
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I am adding myself to the misery list. My three transactions are pending, dated 18th Feb, 22nd Feb and 4th March 2009. I have already contacted them in this regard by phone and also by email...to which I got standard answers as most of you have posted.

I don't know how much time this is going to take but for the time being I suggest withdrawing the money through cheque (I just hope the courier people don't loose it)

If you have some other suggestions, kindly go ahead, I am waiting.

regards,
sameer
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I am also waiting during 18thfeb - 25th Feb 2009 withdrawn . I am frustrated with paypal services.
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My March 3rd withdrawal reached me on March 5th but my March 1st withdrawal isn't showing up still. :( If you can tell me how to find the NEFT Transaction Code and the Bank Name, I can file a formal complaint with my bank. Thanks.
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Hi Man...What is your bank?
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This is for the first time I am facing this issue in PayPal withdrawal. I had initiated a withdrawal request on 21st February which got credited successfully to my Axis bank account on 24th February itself.

But then again I initiated a withdrawal on 27th February and it should have come ideally on 2nd March. BUT, its 5th March passed now and I have not received the funds yet in my account. PayPal people say that this will take some time, I dont know the login behind this. The status of the payment is "Completed", It means, NEFT has been initiated, and if it is then it should must be available to my bank to credit into my account.

If PayPal has really initiated the NEFT then why they are hesitating to provide a simple NEFT reference number even after requesting the same many times.

This is causing a big trouble at my end at the moment as we are in need of money urgently and there is no one to take responsibility about it.

I hope this is not another case of recession effect and PayPal goes away with our money. Please read there TOS, they are not binded by legal clauses for money transaction and if they run away, we can not do anything as we have accepted their Terms & Condition. But sincerely I dont believe that this will be the case of cheating or fraud. I just hope this is a technical glitch which should be solved at the earliest.

Is there any one who successfully received the money for withdrawal requested on or after 27th February?

Regards,
Anurag
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Dear Anurag,

Did you think paypal has transferred our money ? if you think yes then why they are not providing any information to users.I think something wrong....very disgusting..I feel very frustrated. I don't know whether we can get our money or not..
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Dear SK,

I think PayPal has initiated the transfer. If you see the post of "mcoup" about two comments below to this, you can see that he was answered by PayPal people on phone that they have sent the money to Citibank and it was further not sent to NEFT. May be PayPal has some problem but if they had to stop or delay the payments, they could have done it by keeping the status "Pending" which could have make more sense and users could not have been so much irritated.

Still, nothing is sure, the problem is that If PayPal has completed its task and Citibank has NOT initiated the NEFT then PayPal is not in state to provide NEFT reference number.

I hope that makes sense to you.

We all are just waiting for things to happen, The 5th March is also passed and no money in my account. :-(

Anurag
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Guess i'm just another person here who made a withdrawal from Paypal on 25th and still no signs of funds. I'm in deep trouble if this money doesnt come by this weekend. I've got tons of bills to pay!
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I just called up the PayPal and wasted my ISD bill. They even didnt ask me about my account email or anything else, simply my name and asked me the problem. When I informed them about the fund transfer, the stupid person called "Jack" said that it may take up to 14 business days to get the fund credited to my bank account.

As per his words, if the status on PayPal is "Completed", it means the NEFT transfer is done from PayPal side and the problem is at our bank but when I asked about the NEFT reference number which is my right to know, he said, he can not disclose it before 14 business days. I even said that this problem is being faced by thousands of people across India and explained that the problem can not be with all the banks, but as per so called support executive, problem is with our banks only and PayPal will not do before 14 working days.

I wasted my 25 minutes on ISD call to USA.

What I can say is that PayPal is trying to gain more and more time.

I request to the people who have not received the funds in last 14 working days to contact PayPal and ask them to provide Trace details. We'll then surely get to know if this is the problem with PayPal or with local banks.

Now, only god can help. :-(

Good luck,
Anurag
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Which number you called? I tried to many times and wasted lot of money. Just couldn't pass their stupid options menu to reach the operator.
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This is the 1st time i am facing this payment transfer problem... I have initiated it on 26th Feb and still i am waiting... I have initiated another on 3rd which i received today... I just called paypal and they told me that money initiated between 18th - 27Feb is having some problem. They have given the amount to citibank but they have not initiated EFT. paypal person told me that they are trying to get the money back or complete the EFT but Citibank people are not responding....

If anyone get any update please post it here...

Thanks
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This seems to be a genuine reason. Because if PayPal had to delay the things, they had the option to not to show the transaction as "Completed". If they show it as "Completed" it means they have initiated the things at their end. With the conditions of Citibank now days and the technical problems which was faced by banks across India in last ten days in RTGS and NEFT systems, it may be possible that the problem is with Citibank itself. It is really troublesome to know that Citibank is not responding back to PayPal.

People who have completed their 14 working days in waiting the funds, should immediately call the PayPal and request the trace of funds.

Regards,
Anurag
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I am also one of the paypal victim, still i have not got amount withdrawn - 2 times on 19th, one on 20th Feb and one on 28th feb !!!

Do Paypal have open and true answer for their clients or they are playing with Indians?

Why they dont make a open announcement to their clients and enlighten them or provide with satisfied answers?
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Someone on digital Point told us now days its deutsche bank which paypal India used.May it Bank is about to fail and they keep paypal money in trying to survive
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PayPal uses Citibank primarily and as a secondary resource, Deutsche bank. Please check the message of the user "mcoup', two-three post above to your reply. He had a talk with PayPal people and it was informed a problem at Citibank end.
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Is this end of paypal?
Obviously this has made paypal's image as evil in all indian's mind.

No one would like to continue using paypal after this big glitch of them. I have my 2 transactions trapped with them. These money are not stolen of free but hard earned money. It takes us a lot of time and hard work to earn those money.

and paypal is playing with them like a football. This is so irresponsible of paypal.
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Where are the paypal Guys..damn it
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Any of these 5 PayPal employees have the guts to come here and clarify things? Who knows may be they are already sacked!!!
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Please don't post Inappropriate messages here.This will only cause this thread get deleted.
you have no right to abuse paypal staffs here.
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Email Jason .......PayPalJason@ebay.com. He is one of the PayPal employees here.
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Ajnesh, you can call at the same number as given on PayPal site. They ask for few options. First they treat you a US customer and ask for last four digit of SSN number to speak. Dont speak any thing, then IVR machine will ask again, dont speak again, then IVR will ask to enter it, dont enter anything, finally the IVR will transfer your call to general support. There you'll get the option to speak various options. Speak "Payments". Then you can get some more sub menus, again, dont speak any thing, and dont enter any input till the time the IVR redirects you to Customer support executive. Be ready to be on hold for atleast 5-10minutes before you get some one real on phone.

Good Luck. :) I hope that helps.

Regards,
Anurag