Paypal Reverses Payments Made To Indians 509
bhagwad writes "Beginning January 28, Paypal has been reversing the payments made to any Indian provider of services. In addition, Indian users have been unable to withdraw their money to their bank accounts. As a result, a large number of Indian Paypal accounts have negative balances running into the thousands of dollars. The worst part is that users weren't informed beforehand — the funds were just whisked away. Indian providers have gone ballistic, with over 2,000 posts on a thread on the reversal of payments and over 700 posts on this thread about the delay in transfers. Paypal hasn't given any explanation to this behavior other than they're looking into it. Although Paypal claims in the above blog post that payments made for 'Services' are not being reversed, this is not true. All payments not made for 'Goods' with a shipping address have been reversed — in fact, the Paypal e-mail tells the Indian sellers to encourage their clients to lie and claim that they're paying for goods with a shipping address instead."
Who will be manning the call centers... (Score:4, Funny)
Re:Paypal's unspoken motto (Score:3, Funny)
Re:Paypal's unspoken motto (Score:1, Funny)
sail
noun
1 a piece of material extended on a mast to catch the wind and propel a boat, ship, or other vessel : all the sails were unfurled.
the use of sailing ships as a means of transport : this led to bigger ships as steam replaced sail.
[in sing. ] a voyage or excursion in a ship, esp. a sailing ship or boat : they went for a sail.
archaic a sailing ship : sail ahoy!
Re:Paypal's unspoken motto (Score:5, Funny)
loosing?
Re:Paypal's unspoken motto (Score:5, Funny)
My theory (Score:5, Funny)
Dear PayPal (Score:5, Funny)
Please do the needful!
Re:Makes me wonder... (Score:5, Funny)
New meaning to the racist term "indian giver"...
Fool me once... (Score:1, Funny)
Re:Makes me wonder... (Score:2, Funny)
What you say is very interesting. I would like to prescribe to your newsletter.
Re:Paypal's unspoken motto (Score:3, Funny)
Aren't they the same? I mean, for all intensive purposes...
Re:My theory (Score:3, Funny)
Re:This is due to money laundering / fraud (Score:1, Funny)
Karma Sutra ????