Just a couple of days back, PayPal had shocked a lot of Indian users by announcing that starting August 1, PayPal would not allow electronic withdrawal of funds from any PayPal account in India. The only option would be to request for a withdrawal of funds by cheque. According to PayPal, this decision had to be taken in accordance with "regulatory instructions".
However, what comes as a relief is that PayPal has restored electronic withdrawals for its India-based users. On the company's official blog, corporate communication spokesperson Dickson Seow apologized for the inconvenience caused and thanked users for their support.
Also, PayPal said it will continue to provide the $5 processing fee refund for any cheque withdrawals made from July 29 until further notice.
