paypal delaying payment to state bank of India
By karkey6789
@karkey6789 (102)
India
February 3, 2010 7:57am CST
hi friends i have transferred 110$ from paypal to state bank of india on 26.01.10 but till now i haven't received any money on my bank account.But paypal provides the status as completed transaction to bank account on 27.01.01.But it seems there is no sign of receiving of my money to bank account until now.Have any one got same problem like in transferring funds to bank account.Kindly help me on this isssue
4 responses
@onkartonge (238)
• India
3 Feb 10
hey karkey,
congrats for the money ,I think there is some sort of dispute or communication gap between paypal and SBI hope the problem is resolved at the earliest and you get paid.Thanks
@karkey6789 (102)
• India
5 Feb 10
Its now almost 10 days friends still there is no signs of money in my bank account.I contacted my branch they confused and complaining about paypal.I am very sad friends....
@roshanahmad (223)
• India
3 Feb 10
Well, that doesn't sound cool. I am also planning to transfer my PayPal funds to my bank (South Indian Bank). Did you contact PayPal? So it will be better if I try it with $5 first!
@sagemclauren (21)
• Philippines
5 Feb 10
Well, I guess you cannot withdraw your $5 from your paypal balance because paypal has Minimum Withdrawal Amounts: $10.
@niitesh (1653)
• India
3 Feb 10
Paypal transfers money to the main SBI bank in India, so the transaction is complete from the paypal side ,but it takes a day or two more to be credited to your account from the main account of the SBI. This mainly is the reason for delay, if the transaction is complete it will be in your account in a day or two friend . i too use SBI and IDBI account to transfer money and basically it takes 5-6 days for the whole process
@sagemclauren (21)
• Philippines
3 Feb 10
hi karkey, i've also tried withdrawing $250 on 01/16/2010 from paypal to my bank account here in the Phils. The ff. day 01/17/2010 - i saw a "completed" status from my paypal account. So when I called my bank, they said they didn't receive any money remittance from paypal. However, I feel relieve when I got an email from paypal saying: "Hello Cherry Mae, You asked us on Jan. 16, 2010 to transfer $250 from your paypal account to your bank account. We are processing your requst. The transfer normally takes 2-4 business days. The money should be in your bank account by January 23, 2010".
So it really takes like 7 days. Then, when I called my bank on the 23rd I was so happy knowing that the money is already in there.. So just don't worry as long as you placed the right account number to your bank and routing number, you would soon receive it. Whew!!!
