PayPal plans to start resuming bank withdrawals in India on March 3, but personal payments into India remain suspended until further notice. Exporters will be able to continue using PayPal for goods and 
services. Last month, PayPal halted personal payments in India amid questions from Indian regulators about whether personal payments constitute remittances--or money transfers that foreign workers make into their home countries--into India. This suspension caught many by surprise and meant that some people with money in their PayPal accounts had no way of getting it out. PayPal had planned to start allowing withdrawals to Indian banks on February 14, but complications delayed that move."We anticipate that as of Wednesday, March 3rd, we will be able to resume the bank withdrawal service," Farhad Irani, head of PayPal's Asia Pacific business, wrote in a blog post. "As part of the changes, you will be required to fill out a new field entitled 'Export Code' when you request a withdrawal. This information is requir ed under the current laws of India in order to identify the nature of cross-border merchant transactions." Irani posted a separate blog post with more detailed information about how to withdrawal bank funds. Getting personal payments into India up and running is a bit more complicated.
for Further: www.pcmag.com/article2/0,2817,2360816,00.asp
services. Last month, PayPal halted personal payments in India amid questions from Indian regulators about whether personal payments constitute remittances--or money transfers that foreign workers make into their home countries--into India. This suspension caught many by surprise and meant that some people with money in their PayPal accounts had no way of getting it out. PayPal had planned to start allowing withdrawals to Indian banks on February 14, but complications delayed that move."We anticipate that as of Wednesday, March 3rd, we will be able to resume the bank withdrawal service," Farhad Irani, head of PayPal's Asia Pacific business, wrote in a blog post. "As part of the changes, you will be required to fill out a new field entitled 'Export Code' when you request a withdrawal. This information is requir ed under the current laws of India in order to identify the nature of cross-border merchant transactions." Irani posted a separate blog post with more detailed information about how to withdrawal bank funds. Getting personal payments into India up and running is a bit more complicated.for Further: www.pcmag.com/article2/0,2817,2360816,00.asp
