PayPal says to shut domestic payments business in India

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PayPal says to shut domestic payments business in India

PayPal Holdings Inc will wind down its domestic payments business in India from April 1, the company said in a statement on Friday.

San Jose, California-based PayPal will instead focus on its cross-border payments business, which means global customers will still be able to pay Indian merchants using the service.

“From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India,” the company said.

“This means we will no longer offer domestic payment services within India from 1 April.”

PayPal was a payments options on many Indian online apps such as travel and ticketing service MakeMy Trip, online film booking app BookMyShow and food delivery app Swiggy.

https://www.indiatoday.in/amp/technology/news/s...

30 Comments  |  
19 Dimers
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Paypal loot will remain in history of loots .

Dimers earned 10000’s of CB / amazon vouchers .

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saymyname78 wrote:

Paypal loot will remain in history of loots .

Dimers earned 10000’s of CB / amazon vouchers .

No issues. They never cared about Indian market and never simplified payment process for Indian consumers. I always faced payment errors because of cookies issue and it’s legacy problem with Paypal.

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ULYSSES wrote:

No issues. They never cared about Indian market and never simplified payment process for Indian consumers. I always faced payment errors because of cookies issue and it’s legacy problem with Paypal.

but they burnt funds like crazy to acquire Indian market .

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Effects of loooooot!! Many created multiple accounts to get cashback.

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no loot. it was loot for paypal. After collecting and selling personal data of huge no of customers they ran away from the country. ppl are happy with silly cashbacks. they got real

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Nighthawk69 wrote:

Effects of loooooot!! Many created multiple accounts to get cashback.

Not multiple , some dimers created 500’s of account when one debit card was working for 8-10 times .

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It was not just stupid cashback by making multiple accounts… laughing which was over long back.
There are other reasons which never come to surface hushed

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Script3r wrote:

It was not just stupid cashback by making multiple accounts… laughing which was over long back.
There are other reasons which never come to surface hushed

Unknown refunds , deductions , credits for transactions … which took days to resolve .

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shivanshuk wrote:

no loot. it was loot for paypal. After collecting and selling personal data of huge no of customers they ran away from the country. ppl are happy with silly cashbacks. they got real

Dimers have multiple names/accts / numbers / address …. all they got is imaginary data and virtual card nos .

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saymyname78 wrote:

Not multiple , some dimers created 500’s of account when one debit card was working for 8-10 times .

flushed
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it was never user friendly anyway

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saymyname78 wrote:

Not multiple , some dimers created 500’s of account when one debit card was working for 8-10 times .

What was the loot offer?

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saymyname78 wrote:

Unknown refunds , deductions , credits for transactions … which took days to resolve .

Charging 4-5%, may be more or less depending upon countries, both the sender and receiver for a $100 transaction sucked big time anyway.

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billubakra wrote:

Charging 4-5%, may be more or less depending upon countries, both the sender and receiver for a $100 transaction sucked big time anyway.

International business will remain functional .

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I haven’t even used PayPal for domestic transactions, all were international transactions usually on AliExpress, & some hosting sites.

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Looted in 6 digits
Thanks PayPal for all offers you gave us smile

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Paypal was always like this step child in India, RBI had put a lot of restrictions early on Paypal at a time, even before people got a whiff of Wallets…

Earlier we were able to make international payments with the Wallet balance, however RBI had since then forced them to link Indian User IDs to a bank account and withdraw the money..

IT was the first wallet, but sad to see it go, it was one of my trusted accounts that I’ve ever used…

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Nighthawk69 wrote:

Effects of loooooot!! Many created multiple accounts to get cashback.

that is loot for them , not for us .. They use our data , data is more important for them . and giving us 2-3$ free is nothing for them.

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hackerboys wrote:

that is loot for them , not for us .. They use our data , data is more important for them . and giving us 2-3$ free is nothing for them.

dimmers are expert in giving fake / imaginary data .

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hackerboys wrote:

that is loot for them , not for us .. They use our data , data is more important for them . and giving us 2-3$ free is nothing for them.

What data are you taking about [email protected] to [email protected] with random addresses and mobile numbers which are dead now? Or the spending(looting) habits

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saymyname78 wrote:

Paypal loot will remain in history of loots .

Dimers earned 10000’s of CB / amazon vouchers .

yes, all legitimate offers, no bug/price error.
saved around 40k-50k, mostly used for medicines.
100% cb for 1st ever txn, 50% cb for first txn on particular websites. great offers blush
ye paypal ke records tutna mushkil hai..ab toh upto cb wale offers aate hai. stuck_out_tongue
Thank you PayPal.

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