Paypal Forces Automated Daily Withdrawal System to Indian Users

By Ankit Bansal Friday, September 16, 2011 0 comments

Now after making lot of crappy rules for Indian Paypal account holders, once again Paypal have brought new rules for Indian users. Now a day Indian users of Paypal are very disappointed from Paypal. They have introduced lot of new rules for Indian users and forced Indian users with lot of boundaries on their account. Now Papal has become terrible for Indian users. Now Paypal have forced “Automated Daily Withdrawal System” to Indian users which mean you cannot keep your funds in Paypal account any longer. What ever balance you have it will be transferred to your bank account on daily basis.

It is very sorry to say that Indian users are now dependent of Paypal and they have no other option because most of the countries prefer transactions through Paypal but the question arises why they have made such a strict rules for Indian users.

In the last time notice, Paypal restricted Indian users on using account balance for payments but Paypal didn’t forced user to transfer the account balance to the bank daily instead, the user could transfer their Paypal account balance on their own convenience but after this latest notice your Paypal account balance will automatically get transferred to your bank account daily, where as Paypal have waived Rs 50/- transfer charge (up to Rs. 6999/-) per transaction. Here the second question rise why Paypal didn’t worried and even didn't thought about sending mail informing about this change to Indian users. This new rule came in front of me while checking my mail today the money was already automatically withdrawn after which I receive a mail from Paypal.



I tried to get rid of this setting in my withdrawal option but I can’t instead I got this message:

You can’t remove auto withdraw account, this is an Indian regulatory requirement and applies to all PayPal users in India."

There is very simple answer for Paypal when we ask why they are doing this only for “India Users”?

Answer is: Indian Regulatory Requirement!

Paypal should either shut down their stores in India else should be kicked out from India.

What are your views on this PayPal’s new rule? Please share it with all in the below comment box.
Sharing is sexy

Related posts

0 comments for this post

Leave a reply