Non-green IT products 'marketing suicide': At the same time, it seems vendors see green technology as a very high ... http://bit.ly/aCqko4
15 minutes ago by greentreats on topsy
TOP NEWS: iPhone 4 to ring in Singapore on Friday
ZDNet / News / Internet
PayPal explains Indian service suspension
Summary
Unannounced temporary suspension due to enquiries from country's regulators over revised licensing rules, confirms e-payment services provider.
Events
IT Priorities 2010
Sydney, Australia - 27 Jul 2010
Melbourne, Australia - 28 Jul 2010
Mumbai, India - 4 Aug 2010
Delhi, India - 6 Aug 2010
IDC's Asia/Pacific Cloud Computing Conference 2010
31 Aug 2010
Marriott Hotel, Singapore
PayPal has confirmed that its recent service suspension involving local bank transfers and personal payments to and from India, was the result of the country's revised licensing rules.
In a blog post Tuesday, Anuj Nayar, director of global communications PayPal explained that the latest incident in India was a response to enquiries local regulators posed, specifically, on whether personal payments constitute as remittance into India.
According to Nayar, who also posted a comment on ZDNet Asia's report on the issue, personal payments to and from India will be suspended for at least a few months until the company resolves questions from the regulators. Meanwhile, personal payment senders will need to find another payment method, he added.
Local bank withdrawals should be available to customers within the next few days, he said. PayPal will restore money into the accounts of Indian customers who have recently initiated withdrawals and these users will receive reimbursement for any withdrawal fee charges.
Customers with a negative balance due to PayPal's reversal of payments should contact the sender, and arrange for the payment to be resent if the amount was transacted for goods or services, Nayar explained. This can be done by selecting the "Send Money" tab and selecting "Purchase", he said.
Nayar added that only personal payments should have been reversed. Customers who believe their payments were mistakenly reversed should request for the payment to be sent again. Customers who still face problems can contact PayPal customer support.
The service suspension had evoked a myriad of comments from ZDNet Asia readers, several of whom expressed anger over how the service was terminated without notification.
Related stories
Talkback
PayPal explains Indian service suspension
An other option that is coming soon is a Singapore based company called SCANnPAY. They are just going into Beta for a Blackberry application that allows mobile payments. Later in the year, they will have the application for the iPhone and Nokia phones. Fees are way cheaper than paypal. This payment service will be open worldwide when launched. Anyone interested should find SCANnPAY and register on the Beta program and be one of the first to use this service.
PayPal explains Indian service suspension
Well PayPal would be the first priority for everyone as it is used by 90% of the websites. To take the benefit of this situation the near competitor AlertPay started their services in India. Now they are providing bank and credit card transfer to and from India.
Hope Paypal will resume services soon.
Access data anywhere in the private cloud & enable entirely new efficiencies with EMC VPLEX.
Tech Vendor: EMC
Tech Vendor: EMC
Latest Stories
ZDNet Asia Live
Oh really? RT @scoopsg: (zdnetasia) S'pore marketeers not chirping to Twitter's tune http://scoo.ps/dpkySs
28 minutes ago by danielgoh on twitter
(zdnetasia) S'pore marketeers not chirping to Twitter's tune http://scoo.ps/dpkySs
30 minutes ago by newsSG on twitter
@mrcolinlim but of course for more tech updates you can always visit zdnetasia.com
53 minutes ago by t_phuck on twitterRT @zdnetasia: Searchable Facebook user data posted to Pirate Bay http://bit.ly/ciJQxY
1 hour 12 minutes ago by phyllis777loves on topsy
RT @HazelHassan: Facebook led police to Philippine serial killer -- http://ow.ly/2iGnh
1 hour 21 minutes ago by mnajem on twitter
RT @zdnetasia: 10 questions to ask when http://www.zdnetasia.c...
1 hour 22 minutes ago by Zoomicon on twitter
RT @zdnetasia: S'pore marketeers not chirping to Twitter's tune http://bit.ly/bF2aoa
1 hour 26 minutes ago by ellsetan on twitterFacebook led police to Philippine serial killer -- http://ow.ly/2iGnh
1 hour 28 minutes ago by hazelhassan on topsy
Isn't IT ironic?: It's the analogy security firms like to narrate, about a cautious homeowner who pays thousands o... http://bit.ly/9DZIGw
1 hour 34 minutes ago by secureduah on twitter
What the iPhone-jailbreaking ruling means http://bit.ly/aXyEf9
1 hour 48 minutes ago by mobilephone2u on twitter
S'pore marketeers not chirping to Twitter's tune http://bit.ly/dqTRZC
2 hours 1 minute ago by GaryLambertJr on twitter
S'pore marketeers not chirping to Twitter's tune: Microblog site takes "backseat" in marketing campaigns, say Sing... http://bit.ly/axFgVh
2 hours 11 minutes ago by jeffsharonmtg on twitter
S'pore marketeers not chirping to Twitter's tune http://bit.ly/dgUuGq
2 hours 20 minutes ago by mattbnr on twitter
S'pore marketeers not chirping to Twitter's tune - Internet - News http://tinyurl.com/2bs...
2 hours 20 minutes ago by HotAboutTV on twitter
S'pore marketeers not chirping to Twitter's tune: Marketing via Twitter has not picked up in Singapore, where it s... http://bit.ly/9GEDJS
2 hours 21 minutes ago by OurAwesomeWorld on twitter
great! S'pore marketeers not chirping to Twitter's tune http://bit.ly/dotZES Good day!
2 hours 21 minutes ago by bestwinnernet on twitterhttp://bit.ly/8v7Ov3 S'pore marketeers not chirping to Twitter's tune - ZDNet Asia http://is.gd/dSngs
3 hours 21 minutes ago by easytweeting on topsyin the mean time, if you need to find PDF eBooks, you may use http://www.findpdf.us/
3 hours 51 minutes ago by findpdf on Researchers find workaround for Adobe PDF fixJust want to say what a great blog you got here! My appreciation of your work, cause i am an IT student also. Try this one too, http://w...
3 hours 59 minutes ago by winsource on Making the case for Filipino IT entrepreneurshipHi, We have ton of HP empty cartridges. Could you collect them in our office??
Thanks
Thanks Kenneth, for your insights. Good to know people out there can see the issue for what it is, and to do so impassively, that is. ...
2 days 57 minutes ago by yedwin on iPhone 4 shows prudence in procrastinationWhile I agree that the issues with the device have raised many an eyebrow, I think it's unwise to forget that many phone reviews have...
2 days 9 minutes ago by kennethkoh on iPhone 4 shows prudence in procrastinationThe online apple store http://store.apple.com/ is not available now. Maybe it's updating the pricing ;)
2 days 7 minutes ago by mingnow on iPhone 4 to ring in Singapore on FridayAfter an awful silence, finally the prices are out..
2 days 3 minutes ago by melvinchia on iPhone 4 to ring in Singapore on FridayGlad you discovered the Xfce 4.6 magic. Its other endearing feature is its phenomenal configurability. You can make the desktop look and ...
3 days 9 minutes ago by gnome_refugee on Smitten with Xfce 4yep, tried them all and xfce with compiz/emerald instead of fvwm is by far the best experience I've had. If you didn't know ther...
3 days 7 minutes ago by ggolemg on Smitten with Xfce 4@mingnow: why do you think so? How do you think the FOSS community could tackle this issue? I'm involved in a lot of efforts to get t...
3 days 13 minutes ago by fredericmuller on Taobao initiates Chinese open source revolutionGeez. I would think giving free books and getting kids to school would be a better place to start.
3 days 21 minutes ago by mingnow on India's US$35 tablet--how low can it go?I think it's great the that country with the biggest internet population is finally contributing back to the open-source world. I thi...
4 days 8 minutes ago by mingnow on Taobao initiates Chinese open source revolutionhey.there Im Wendy from a PR Agency.I find your blog interesting and well written.In days to come,we would hold an event. Therefore We ...
4 days 38 minutes ago by wendy on iPhone 4 shows prudence in procrastinationIt could be done without all these. Just use the opacity addon of Compiz.
4 days 2 minutes ago by hariks0 on How to get RGBA support in UbuntuKeep Up With ZDNet Asia
Facebook 
RSS Feeds 
Newsletters 
Twitter Inside ZDNet Asia
Sponsored
Stop Waiting Start Switching to Juniper
Free Gartner Report shows it reduces costs and increases efficiency
What makes a hospital a smart hospital?
Download your copy of 'The Smart Hospital' Resource Kit to learn more
2010 IT Salary & Skills Report
Find out the salary range of IT professionals. Join activeTechPros for free access to the report.
PayPal explains Indian service suspension
Its indeed a very horrible situation for the guys using PayPal as the payment gateway for there financial transaction. PayPal should have given the notification to its user to avoid this miserable situation....
Anyways its good that local bank withdrawals will be available in few days