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  1. #1
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    Default Paypal for india

    Hello all,
    Paypal has given access to indian bank accounts where we can withdraw our money.
    If it is more than 7000 Rs, then we need not pay the fees, else we need to pay a minimum of 50 Rs fees for the transactions.

  2. #2
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    Yup I came to know of that.
    But I dont understand why they did this
    If you request your money check (150$) they deduct 5 $ as their charges so in INR 200 for those 150$ and by withdrawal to the indian banks for the same.Why is this
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  3. #3
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    But how quickly our money gets deposited to our bank account? Any idea?

  4. #4
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    Quote Originally Posted by shishir
    But how quickly our money gets deposited to our bank account? Any idea?
    yes it will took about 5 days to max 9 days
    but no money will be deducted in your bank a/c
    and min. withdraw is only 10$
    as i tried it once.....
    ________
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    Last edited by smithjjw; 25-08-11 at 07:58.

  5. #5
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    smithjjw, are u from India?

  6. #6
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    Default transfer to acc.

    to transfer the money from paypal to your acc. it will take maximum of 10 days

  7. #7
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    Quote Originally Posted by smithjjw
    Quote Originally Posted by shishir
    But how quickly our money gets deposited to our bank account? Any idea?
    yes it will took about 5 days to max 9 days
    but no money will be deducted in your bank a/c
    and min. withdraw is only 10$
    as i tried it once.....
    wow. I know u r from India. but I don't know withdraw is only $10. r u sure about it.

  8. #8
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    don't [paypal charged you in india for withdrawing your money. well in my country we are charged $5 and takes 7 days for money to be transferred.

  9. #9
    Devesh is offline Veteran Member I was here more times.
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    This good news for Indian members. I was wondering as to how to get that balance in my account because I have few dollars only in my paypal account. Now I think that it will be easier to get the balance easily into my Indian bank account.

  10. #10
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    if you have less than $10 iin your account i dont think you will be able to withdraw your money yet. there is a minimum amount we can withdraw cause withdraw has big charged already.

  11. #11
    Devesh is offline Veteran Member I was here more times.
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    No but if I have say 30$ in my paypal account then for transferring this amount if I have to spend INR 50 then it is not a big charge.
    However, is it necessary that your account should be verified one?

  12. #12
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    it is not really wise to withdraw when you still have few money to withdraw cause the charge is big. which is $5. wait first before you withdraw.

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    Quote Originally Posted by indieover
    it is not really wise to withdraw when you still have few money to withdraw cause the charge is big. which is $5. wait first before you withdraw.
    well thats true.
    we indians will not be charged any fee if we make 190 USD and withdraw.
    else we shuld pay them 50 INR.
    i have transfered money $195 into account without paying fee

  14. #14
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    Quote Originally Posted by Devesh
    No but if I have say 30$ in my paypal account then for transferring this amount if I have to spend INR 50 then it is not a big charge.
    However, is it necessary that your account should be verified one?
    No Devesh there is no neccessary to have a verified paypal account to withdraw money to your account (30USD). I think charge of 50 INR is okie for this infact I too withdraw money when my account reaches 50 USD mark :wink:
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    Quote Originally Posted by vimstar2
    Quote Originally Posted by indieover
    it is not really wise to withdraw when you still have few money to withdraw cause the charge is big. which is $5. wait first before you withdraw.
    well thats true.
    we indians will not be charged any fee if we make 190 USD and withdraw.
    else we shuld pay them 50 INR.
    i have transfered money $195 into account without paying fee
    is this applicable too to presonal account. or are you just talking about premier account and business.

    and it is aplicable to personal account. then they will not earn any thing if we will withdraw when we have $195 in your paypal account. though i will say that i think that we have still charged in personal account. cause we are really free from charged in receiving money from paypal if you are personal account.

  16. #16
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    195$=7000 INR. So you will not be charged anything for this, But I can't wait for than much long period and I usually withdraw money when I reach 2000 INR mark. Withdrawal below 7000INR we are charged 50 INR(near to 1.5$) and withdrawal of more than 7000 INR we are not charged anything for that.
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  17. #17
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    Rs. 50 per withdrawal is too much high fees paypal is taking. I think they should cut sown the fees. And paypal states that it takes 7 buisness days to deposit the money in the bank.
    I have a question to ask. What if your account does not support internet banking ? Does paypal funds still get deposited in your account or do you have to order a check from them ?

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    Quote Originally Posted by mr.microsoft
    Rs. 50 per withdrawal is too much high fees paypal is taking. I think they should cut sown the fees. And paypal states that it takes 7 buisness days to deposit the money in the bank.
    I have a question to ask. What if your account does not support internet banking ? Does paypal funds still get deposited in your account or do you have to order a check from them ?
    Monthly Sales Price Per Transaction
    $0.00 USD - $3,000.00 USD 3.4% + $0.30 USD
    $3,000.01 USD - $10,000.00 USD 2.9% + $0.30 USD
    $10,000.01 USD - $100,000.00 USD 2.7% + $0.30 USD
    > $100,000.00 USD 2.4% + $0.30 USD
    Flat fee will be charged as follows: $0.30 USD for payments in U.S. Dollars.

  19. #19
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    Quote Originally Posted by sindu44
    Monthly Sales Price Per Transaction
    $0.00 USD - $3,000.00 USD 3.4% + $0.30 USD
    $3,000.01 USD - $10,000.00 USD 2.9% + $0.30 USD
    $10,000.01 USD - $100,000.00 USD 2.7% + $0.30 USD
    > $100,000.00 USD 2.4% + $0.30 USD
    Flat fee will be charged as follows: $0.30 USD for payments in U.S. Dollars.
    Where did you got this data from?
    SmartzKool

  20. #20
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    Quote Originally Posted by smartzkool
    Quote Originally Posted by sindu44
    Monthly Sales Price Per Transaction
    $0.00 USD - $3,000.00 USD 3.4% + $0.30 USD
    $3,000.01 USD - $10,000.00 USD 2.9% + $0.30 USD
    $10,000.01 USD - $100,000.00 USD 2.7% + $0.30 USD
    > $100,000.00 USD 2.4% + $0.30 USD
    Flat fee will be charged as follows: $0.30 USD for payments in U.S. Dollars.
    Where did you got this data from?
    from the paypal site.........but to get this i gues u need to log in into ur accnt.........

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