- Joined
- Jul 24, 2008
- Messages
- 33,627
- Points
- 0
<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffeeshop Chit Chat - PayPal: India payments suspended</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>SinOnlooker <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>4:00 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 3) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>28514.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>http://www.msnbc.msn.com/id/35280841/ns/business-world_business/
not racist. Purely business.
PayPal halts ‘personal payments’ to, from India
Firm says it is trying to answer questions that have arisen about service
SAN JOSE, California - The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.
The announcement was made by PayPal spokesman, Anuj Nayar, on the company's blog.
"I'm writing to let you know that personal payments to and from India and transfers to local banks in India have been suspended while we work with our business partners and other stakeholders to address questions they have about the service," Nayar wrote on Saturday.
"During this time, customers can still make commercial payments to India but merchants cannot withdraw funds in Rupees to local Indian banks," he added.
Nayar said the suspensions began Jan. 28. He wrote that PayPal, which is owned by eBay Inc., hopes "to resolve the situation as quickly as possible."
He did not elaborate.
</TD></TR><TR><TD> </TD></TR></TBODY></TABLE><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD class=msgleft width="1%"> </TD><TD class=msgopt width="24%" noWrap>
Options</TD><TD class=msgrde width="50%" noWrap align=middle> 
Reply</TD><TD class=wintiny width="25%" noWrap align=right> </TD></TR><TR><TD class=msgbfrbot> </TD><TD colSpan=3> </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
not racist. Purely business.
PayPal halts ‘personal payments’ to, from India
Firm says it is trying to answer questions that have arisen about service
SAN JOSE, California - The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.
The announcement was made by PayPal spokesman, Anuj Nayar, on the company's blog.
"I'm writing to let you know that personal payments to and from India and transfers to local banks in India have been suspended while we work with our business partners and other stakeholders to address questions they have about the service," Nayar wrote on Saturday.
"During this time, customers can still make commercial payments to India but merchants cannot withdraw funds in Rupees to local Indian banks," he added.
Nayar said the suspensions began Jan. 28. He wrote that PayPal, which is owned by eBay Inc., hopes "to resolve the situation as quickly as possible."
He did not elaborate.
</TD></TR><TR><TD> </TD></TR></TBODY></TABLE><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD class=msgleft width="1%"> </TD><TD class=msgopt width="24%" noWrap>
