Most of the Indian Paypal users have gone through a rough time when Paypal suspended its services temporarily in India. All of us know that this was due to the question Indian Regulators raised on the way Paypal Operated.

After a month of tussle the issue seemed to be over and Indian users were no longer allowed to use the Personal Payments option. Personal Payments were stopped as they fall under the category of “inward remittance” and Paypal does not have the license to run such a service in India.

We heard on the official Paypal blog that things are now settled and people can now withdraw money to their bank accounts like before. There was just a small modification in the process of local bank withdrawal with the introduction of a purpose code associated with the withdrawal process. (more…)