PayPal Suspends Personal Payments To India
US online payment company PayPal has suspended personal payments to and from India. PayPal has didn’t say much about the suspension, or say how long it would last. Along with personal payments in and out of the country, PayPal suspended transfers to local banks in India.
Anuj Nayar, director of global communications at PayPal, said in the company’s blog “while we work with our business partners and other stakeholders to address questions they have about the service.”
It said customers “can still make commercial payments to India but merchants cannot withdraw funds in rupees to local Indian banks.”
It said customers “can still make commercial payments to India but merchants cannot withdraw funds in rupees to local Indian banks.”
The suspension is expected to have its largest impact on the thousands of Indian freelance developers paid via PayPal for Web design and software development. Many of these freelancers use personal accounts to receive money from clients.
