PayPal has stopped payments to and from India. The transactions are halted since January 28.The online payment service did not offer a reason for the suspension, nor indicated how long the operations will be discontinued: the few lines of the official blog, Anuj Nayar, director of communications, wrote that “we are addressing the issues raised by business partners and shareholders on the service.
Nayar then tries to explain that payments for India can still be made, but that money cannot be withdrawn in rupees from local banks. The problem is, according to the testimonies of some users, the mismatch of any payments to the transfer of as many goods.
PayPal, however, would be “trying to resolve the situation as soon as possible,” apologizing for any inconvenience. Not seem few but thousands of freelance software developers and other professionals who are paid through the Indian online service have to suffer the consequences, According to some observers, the case would be the new Indian law on recycling that requires financial intermediaries to verify the identity of customers who make international money transfers. Verify that PayPal has always refused to do, because it is too difficult.
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