Get Netted :

In the last post  here I mentioned how PayPal has halted its transaction in India , but the morning of 9th February brought a good and a bad news for Indians, it was an email which went like this

Dear (Customer Name),

Thank you for your patience while we work to address the issue of processing withdrawals to Indian bank accounts. We expect to have this issue resolved within the next few days. In the meantime, we’re going to restore the amount of your recent withdrawal into your PayPal balance so that you can know your money is safe in your account. You should see the balance restored within 24 hours. In addition, you will see a reimbursement of any withdrawal fees charged.

We will ensure that you are not adversely affected by currency fluctuations during the last week. In your transaction log, you will soon see that your PayPal withdrawal request has been reversed. We ask that you wait to submit another bank withdrawal request until we have addressed the processing issue. We will contact you again in a few days with an update and, if the issue is resolved, you can initiate another withdrawal at that time. In the meantime, you will have the ability to spend your balance to purchase goods or services if you choose. Again, we apologize for the inconvenience this has caused.

Thank You, PayPal

This was a good news that PayPal will return the money to Indian PayPal Accounts within 24 hours of this email, and I waited eagerly to get my money back which I transacted on 28th January, I got the money back when I checked my PayPal Account in evening, but was shocked that the amount I got back was very less than what I had withdrawn.

This was not only the case with me, every Indian Entrepreneur who withdrew during this duration got some deductions in their amounts. This thread on Digital point forums alone states how many people have lost hundreds of dollars during this mishap.

Then came another Email from PayPal which was like this

Dear (Customer Name),

We have restored the amount of your recent withdrawal into your PayPal balance. Within the next 24 hours, you will also see a separate PayPal reimbursement for any withdrawal fees charged and variance in the foreign exchange rate over the last week. This should ensure that you will not be adversely affected by currency fluctuations during the last week.

Thank you for your patience while we work to address the issue of processing withdrawals to Indian bank accounts. We will contact you again in a few days with an update and, if the issue is resolved, you can initiate another withdrawal at that time. In the meantime, you will have the ability to spend your balance to purchase goods or services if you choose.

Thank You, PayPal

With this email I guess they will be reimbursing the lost dollars of each of thousands that have been stuck no where. As of writing this post , I have yet not recieved any reimbursement of my lost $38 during this period. And as a result of this I have written to my advertisers to stop payment during this period, which will get them in trouble or me as well.

Well, let’s see if PayPal reimburses the payment or not.