[Resolved]  PayUMoney — Payumoney used fund from people by making settlement process delay for big money transaction.

Address:Bangalore, Karnataka

Hello Sir, I used to use payumoney as my payment gateway to do all my business transaction. I have seen that all big money which is more than 10k transaction, payumoney make money settlement delay more than 6 days. By making settlement delay payumoney used our business money as their fund. Because of this payment settlement delay process, it make a barrier to my company business flow and we are loosing our client trust as payment process is defer day by day. I need compensation for making my business down by payumoney. I used to contact them by sending email. But I didn't get any response from them as it seems there is no department to provide customer support. here is the mail that I have send. Money Settlement takes more than 4 days PJS Team[protected] To: [protected]@payumoney.com Hi PayUMoney Team, I would like to know why money settlement takes more than 4 days. Settlement started from[protected] still today[protected], I have not received any notification and money in my account. I am expecting at least complete E2E notification to my mobile phone and email address. First 1Paid by: Sajid Paid to: PANGAMBAM RANAJIT MEITEI Payment ID:31005860 Status:Settlement in Progress Suborder ID:[protected]Date Action Status [protected]:56:37 Not Started Not Started [protected]:43:45 Transaction Initiated Initiated [protected]:45:28 Money Released to PayUMoney Money with PayUMoney [protected]:35:00 Payment Release Requested Payment Release Requested [protected]:50:07 Customer Released The Payment Settlement in Progress 2nd oneDate Action Status [protected]:06:50 Not Started Not Started [protected]:11:13 Transaction Initiated Initiated [protected]:11:55 Money Released to PayUMoney Money with PayUMoney [protected]:12:45 Customer Released The Payment Settlement in Progress Amount : Rs 3, 600.00I want this settlement asap. And I am expecting all settlement process should not take more than 2 working days. If you are agree for above I can used your payment for my business.Paid by: [protected]@gmail.com Paid to: PANGAMBAM RANAJIT MEITEI Payment ID:32538442 Status:Settlement in Progress Suborder ID:[protected]ThanksRanajit PangambamCEO & Co-founderPJS Private LtdKoramangala 8th Block, Bangalore-560095Ph: [protected]
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Nov 11, 2015
Complaint marked as Resolved 
Company withdraw my money back. This complaint was resolved long back. please remove this complaint details from blog asap. Thanks Ranajit
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Payu office phone numbers are not working. Their email id bouncing mails. We have very bad experience with them regarding the payout. They never settle the amounts in time. They will say false excuses keep our money in their bank accounts. Keep aware about this facts and stay away from this fraud company. We had alredy reported this issue to banking ombudsman and RBI

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