The Paypal has sent all Indian users a notification about change in their withdrawal functionality in India starting on August 1, 2010.. The change is in accordance with regulatory instructions. In India the change will take place from August 1, 2010. At present Paypal Indian users can request for either an electronic or cheque withdrawal of funds from their PayPal account but from July 29, 2010 onwards, users will only be able to request for a cheque withdrawal of funds from your PayPal account.
The email from paypal also informs that “While we are working hard to restore the electronic withdrawal service, in the meantime, we are bringing this matter to your attention so that you can plan your future withdrawal activities accordingly.”
Here are the simple steps to request for a cheque withdrawal:
1. Log into your PayPal account, click on ‘Withdraw’.
2. Click on the ‘Request a cheque from PayPal’ link.
3. Enter the withdrawal amount and select your mailing address, then click’Continue’.
4. Click ‘Submit’ to confirm your request.
Paypal India also informs that in order to help their customers with this change and until further notice, the company will refund the $5 USD cheque withdrawal fee for cheque withdrawals made on July 29, 2010onwards.
You can log in to your PayPal account and click on ‘Contact Us’ at the bottom of the page for further assistance .