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I recently transferred my paypal fund to my ICICI BAnk Account and it took only 1 and a half day or so to reach my account. But PayPal is very bad when it comes to conversion rate. Here is the proof.
http://img186.imageshack.us/img186/3897/bankzu5.png
Yes the paypal rates are always lower than the current market conversion rates but the withdrawal fee is very less as compared to other payment processors.Quote:
Originally Posted by smartzkool
yeah i agree with you. They are charging so less but if you see they are coming to almost that charge like others as they are giving low conversion rate.Quote:
Originally Posted by mr.microsoft
yes Paypal conversation rates are very bad. I dont know why they have always 1 or 2 $ less than the actual conversion rates.Quote:
Originally Posted by mr.microsoft
Not in dollars, they have 1-2 INR less by actual rate.Quote:
Originally Posted by nick_westlife
cud u tell me if v cn transfer our paypal to ICICI travel card(visa electron using USD as currency)Quote:
Originally Posted by smartzkool
Well i can't help you on this. Better you check out with the PayPal itself.Quote:
Originally Posted by sindu44
well, is your paypal account verified. i came to know that only verified paypal accounts will be allowed to transfer there money into there bank account. is it true...
No it is not true. I have transferred my balance using non-verified account.Quote:
Originally Posted by ananth84
Quote:
Originally Posted by smartzkool
hey dude it depends upon luck because when i transfered my funds to my citibank account the exchange rate that paypal gave me was 49.8765.
the rate that you got was around 47.it all depends upon the market value at the time of transfer.if you transfer more than INR7000 there won't be any charges.
You don't need to have paypal verified account for transfering your money to bank account.Quote:
Originally Posted by ananth84
Yeah it completely depends on my luck. Today itself I have transferred to my bank account and I got the rate of 47.41 INR.Quote:
Originally Posted by nash_avi
well today it was 47.4727. I too had a transaction today . I have withdrawn funds to my bank account.Quote:
Originally Posted by smartzkool
Well maybe you did before me or after me. I mean not at the smae time or else we both have got 47.41 INR. But it hardly matters 47.47 or 47.41. :)Quote:
Originally Posted by nick_westlife
But paypal conversion for a particular days remains the same and its still the same(just now I logged in and checked it).Quote:
Originally Posted by smartzkool
Yeah maybe it remains same.. But it may happen that you have converted after I have done, so you must have got that rate and it is same because of that?Quote:
Originally Posted by nick_westlife
Maybe we can prove out something here. At what time you have withdrawn. Just check out in Paypal transaction complete history..Quote:
Originally Posted by smartzkool
Mine was on 17th november and it was at 05:06:51 PST
Well I did it at night... I mean around 12.30 AM IST...Quote:
Originally Posted by nick_westlife
Anyways what ever it is... I have checked the current rate, it is same as what you are saying... :)
Paypal transaction is very safe, and service charge of Paypal is very low than other. I agree with you that conversion rate is low in Paypal.
yeah they are very cheap when it comes to withdrawal to bank. I don't think any other site is providing such service. :)Quote:
Originally Posted by ishan901