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PayPal allows payment withdrawal to Indian Bank Accounts

Good news for large number of SMB merchants

Receiving payments from PayPal was always not a very convenient experience for PayPal merchants in India. Most small to medium digital product sellers use PayPal as it offers zero setup and monthly fee. PayPal used to send payments using Standard Check that too through standard postal mail. Now that they have enabled payment withdrawal directly to Indian Bank Accounts, a major issue hindering PayPal usage in India appears to be gone away.

 

This is really good for lots of merchants and for PayPal too.

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Posted by SZ Quadri on 1 November, 2007 12:15:00 PM IST #


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Re: PayPal allows payment withdrawal to Indian Bank Account

Comment from Ashok on 6 November, 2007 9:35:14 PM IST #
I think the real benefit is that PayPal is charging only Rs 50 for this service. This is very low when you compare the usual charge that they charge you in case of check which is USD 5 (apprx 200 Rs)
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Re: PayPal allows payment withdrawal to Indian Bank Accounts

Comment from mdhaseeb on 23 January, 2009 10:00:41 AM IST #

Thanks for Information

they have enabled payment withdrawal directly to Indian Bank Accounts, but for how many Banks,

Is it for All banks, or Some Banks,

Plz let me know which banks they are giving Withdrawal


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