Paypal or Praypal?
Saturday, February 6, 2010 13:09Do you know why it happened? Yes!!! Most of the Indians are getting their money reversed to their clients by paypal due to modification of rule by RBI especially in National Electronic Funds Transfer (NEFT) system. The NEFT outward message format is being modified to contain two additional fields, wherein mobile number and / or e-mail address of the originating customer can be populated. This is the main reason why paypal is asking the shipping address of the buyer. i,e. Implementation of Positive Confirmation is the main reason for the money reversal in paypal.
Why your money is not available in bank even you have effected the withdrawal on Jan–27, 2009?
Now, each and every customer of the paypal should include shipping address to effect a transaction. If not, their money will be returned back. This is a chain reaction. That’s why you’re not getting money in your bank although paypal shows completed status for the transaction in your account. (Read this Link)
Conclusion
Please wait for couple of days or seven without any withdrawal to congest the NEFT. Ask your customers to provide shipping address for the current payment. Now Paypal have lifted “INDIA” in the drop down menu of personal payment. similarly within couple of days they will definitely include important feature of providing shipping address for each and every transaction to India. Hitherto, We used paypal to make money online. Why don’t we wait for one more week to fix this issue for effective money making through online?
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