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This is a discussion on Paypal to ICICI India Money Transfer within the Other Banking Services forums, part of the Banking category; I was able to register my ICICI Bank account through Paypal. I recently tried to transfer amount from Paypal to ...
I was able to register my ICICI Bank account through Paypal. I recently tried to transfer amount from Paypal to my ICICI Bank Account in India. After 5 working days or so, I found that the transfer failed. As a result I lost nearly $80 for two times currency conversion and $5 fee for the transfer fail.
Q1. Why did the transfer fail if I could register the same Bank Account in Paypal?
Q2. Whom should I ask for the total $85 claim?
Both Paypal and ICICI are blaming each other.
Q3. Let me know as to what needs to be done?
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I too have a similar problem. Tried to transfer funds from paypal to ICICI bank, but after 5 working days, the transaction got failed and I have also lost money to paypal as fine for reversal of fund transfer.
No one at paypal or icici is able to help out
Not sure what to do....
well paypal makes alot of money from this, i have recently lost some 130 Dollars coz of this transfer reversal problem and sadly u cant do anything abt the situation.
Paypal has said that my bank has rejected the funds (bunch of bull crap) and charged me $132 in fees. What a money making racket!
I heard that ICICI, Axis, HDFC bank are not supporting Paypal. They had withdrawal their partnership with Paypal.
Upto my knowledge, Only HSBC is supporting Paypal transfers.
Guys:
This will solve your problem.
I got the money from my paypal account to ICICI Bank account in December.
In January paypal is facing legal trouble from RBI. Indian banks wont receive the money from the paypal till further orders from RBI.
They guys solving this problem asap, checkout there blog for latest happenings
i am too waiting eagerly for the solution. All fingers crossed.
Dont worry your money is safe!
Hi Guys,
Answering my own questions..........
Q1. Why did the transfer fail if I could register the same Bank Account in Paypal?
The Bank-Branch Code was not the same as my BankBranch Code. This needs to be correct. I had this wrong, so I lost I suppose.
When I corrected this, the transaction happened to the same ICICI bank account. The currency exchange was as per the Paypal converter.
Q2. Whom should I ask for the total $85 claim?
No one can pay me I suppose
Q3. Let me know as to what needs to be done?
Nothing could be done. Nice way for Banks or Financial institutions to earn their living.
thks for all your support.............
i add my dena bank visa debit card to paypal i got four digit code can i use my paypal ammount in india by my debit card