The past couple of days has seen a lot of heartburn all over Twitter and the blogosphere with people cribbing about reversal of payments made to their PayPal accounts.

This is affecting only India based users and all payments to and from India are being reversed / suspended. Customers can make payments to India but Indian merchants cannot withdraw funds in INR to local banks.

Here’s what Anuj from the communications team at PayPal had to say about this problem, which admittedly isn’t all that much!

Hope this is resolved quickly as a lot of transactions are now being conducted using PayPal, especially by Indians who are still wary about punching in their credit card details online.