PayPal to Resume India Bank Withdrawals on Wed

Tuesday, March 2, 2010
Image representing PayPal as depicted in Crunc...

Image via CrunchBase

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.

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