• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

What is Paypal india registered as in the RBO Ombudsman portal?

ghost of sparta

TF Select
Contributor
VIP Lounge
I have a dispute to file against Paypal India, but I can't find it in the list of regulated entities while starting a RBI Ombusdman complaint. Are they registered under a different name? or should I raise a complaint in a different portal?

Details of the dispute:

I am long time user of paypal, and used it for international transactions. For all my previous transactions, I was given an option to choose between paypal's conversion and my bank's conversion and ofcourse I always choose bank conversion because Paypal's conversion rate is borderline scam. But for the transaction I made today, I was not given an option to choose between paypal's conversion and my bank's conversion, and the transaction went through immediately after choosing the card. Paypal's support is gaslighting / guilt tripping saying that I choose paypal's conversion, when in reality I was not given an option to choose. I tried doing the transaction again up until the last step to check the truth and as I said, there is no choice given. I recorded this as evidence and I think it is good enough to win a case in RBI ombudsman's portal but I can't find Paypal in the list of regulated entities. Is it registered under a different name or should I raise a complaint in a different portal?
 
PayPal is not a financial institution, rather a payment processor. It is unlikely you will find details for PayPal on RBIO. PayPal is actually restricting users from choosing currency conversion by card issuer for auto pay payments. I still see them when I need to pay manually.
 
PayPal is not a financial institution, rather a payment processor. It is unlikely you will find details for PayPal on RBIO. PayPal is actually restricting users from choosing currency conversion by card issuer for auto pay payments. I still see them when I need to pay manually.
Oh, thanks for the info. But they should be upfront about the automatic Paypal conversion. While registering for bill payments, I just see the amount in USD, there is no mention of any conversion. This is a big transaction, and I have lost ~2000 due to the shitty exchange rate by Paypal. Is there any other portal that I can raise this issue?
 
Back
Top