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Recently i received a mail from paypal saying that now we can withdraw funds from our paypal account using a credit card. Since i have never withdrawn funds from my paypal account and always used whatever i earned for spending it on ebay.com i wud like to know from anyone of you who has received such mail to explain more about paypal withdrawals through a credit card. Thanks.
Oh lol that service of paypal is allowed from many days. You got mail as a remainder as you might not be using that offer or you never know of it, that's why they have sent you.
yes i guess that is the first feature that the paypal used for people to withdraw their money before. now we can use our bank account directly to get our money in paypal. i have not withdrawn through credit card.
Dear shishir, yes , you can able to withdraw from Paypal to your credit card or directly to your Bank account, but at first you need to register (Attache) your credit card in your Paypal account.
well i am not sure about this but i guess yes you can. maybe others can help you out on this. :)
You can withdraw your funds to your credit card but you there will be a fee of 5$ i guess ...
It is advisable to withdraw it to your account directly if yours is a standard account that will save you the fee :)
I haven't withdrew money from paypal yet, so I don't know about this program. I only know that while I want to withdraw money, I have to give it my bank details, and they directly would transfer money to that account keeping Rs. 50 with them. That's all!!
Well i have always withdrawn directly to my bank account and it is the grea t service they provide. Why don't you use it?
I certainly use this service while withdrawing money. But how do they withdraw money to their credit card? The money actually goes to one's bank account, I think.Quote:
Originally Posted by smartzkool
There is an option of withdrawing your money to your credit card as well but you the fee is standard of 5$ and the funds will be deposited to your CC connected to ur account ..Quote:
Originally Posted by ssarkar
Yes friends, ravitejag is right, if we withdraw from Paypal in our credit card, they charged 5$ per transaction, but if we withdraw in our bank account they charged only INR 50/- per transaction, and if we withdraw over than INR 7000/- in our bank account, there is no charge.
yeah that is true... Indirectly it goes to your bank account only. I think it is better to pay $1 instead of $5 for withdrawing.Quote:
Originally Posted by ssarkar
If paypal deduct 5$ while the users withdraw money through credit card, why some of them(users) still prefer to withdraw it in this process? Some advantages should be there in withdrawing cash through CC.Quote:
Originally Posted by smartzkool
Well it maybe because their bank are not supported by the paypal. or maybe because their is different bank name account.Quote:
Originally Posted by ssarkar
While I want to withdraw money from paypal, is it also deducting 1$ i.e. Rs. 50 if they send a check in our name?
Assuming that you are from India i am giving you info related to it.Quote:
Originally Posted by ssarkar
The withdrawl fee is 5$ and the minimum withdrawl amount is 150$ .. This is if you are withdrawing in USD :)
After logging into your account just scroll down and you will find an option fees .. you will be able to see it :)
Finally, my paypal account is a verified paypal account! I have completed the verification process.
What is even better is that I was able to withdraw money to my credit card from my paypal account. That is the thing that I wanted too for a long time!
Now I have real cash in my account from my online activity :)
Thanks. Yes I am from India and I know that while withdrawing money from paypal account, I would withdraw it to my bank account, which is the safest way of withdrawing money, I think.Quote:
Originally Posted by ravitejag
I haven't transferred money from paypal funds yet but yes, you can transfer your paypal funds to your credit card. It's written somewhere in their terms or faqs.
hey paypal is prone to hacking so i think that adding a credit card to your account can prove dangerous.i myself can hack a paypal account.it is that simple.
isn't it $5 dollars for withdrawing funds in paypal regardless of the amounts? im planning to apply for a credit card but not yet because i still don't have big enough profits..
Well you are right. I mean what ever amount you withdraw, you will be charged $5 to withdraw to your credit card.Quote:
Originally Posted by kiblespatrol
well. i have never receive such mails form them and also can't find any buttom to withdraw money to credit card. perhaps this is under their different rules towards different area.Quote:
Originally Posted by shishir
Well me too haven't recevied that kind of email from Paypal just check carefully you are not opening Phishing email.Quote:
Originally Posted by hyxfei
but i know they are providing credit card withdraw from long time.
nice to have your kind remind about those phishing email.accutly i still wonder how to withdraw money with your money from a credit card if under this paypal to credit card.seems the fees are really high if you cash from a credit card.Quote:
Originally Posted by moneymoney
Well withdraw fees to credit card is really low don't know how much but it is around 2% i think and i have seen lot's of members are using it and they are really happy and you can add your credit card without any problem after u add it your account will get verified with Credit Card.Quote:
Originally Posted by hyxfei
[/quote]
Well withdraw fees to credit card is really low don't know how much but it is around 2% i think and i have seen lot's of members are using it and they are really happy and you can add your credit card without any problem after u add it your account will get verified with Credit Card.[/quote]
i have verified my paypal account by add my bank account already. thanks for your explanation and i will check about this issue on my account also.
Well to verify your Paypal account you need to provide id proof and address proof by providing Bank accountant details but good thing you have credit card so you will not get any problem in future.......Quote:
Originally Posted by hyxfei
[/quote]
Well to verify your Paypal account you need to provide id proof and address proof by providing Bank accountant details but good thing you have credit card so you will not get any problem in future.......[/quote]
seems paypal support some counties already that only need to add the bank account of you so you can verify your account soon. they also support this service in our country now. but it's not convenient to withdraw because the fee is rally high.
For Indians, the easy way is just simply withdraw the PP into your bank account instead of your credit card if you don't want to face the 5% fees which is quite high.
well. i know it's convenient for members from India , paypal only charge them 1$ per withdraw. that' really a perfect low fee.Quote:
Originally Posted by lemon_1800
Paypal does have too many great offers and it's really nice to be in Paypal and it is also the top online payment processor existing and you can withdraw funds in different options they have listed in their site.So, instead of following a link in any mail, you better go to paypal site directly and check it out yourself to be more safer
yes.since there are many scam ways to steal others account and money we'd better never click any email links to login our paypal account for any reason.Quote:
Originally Posted by alensot
Well i haven't tried withdrawing through credit card instead i withdraw to my local bank account that is more convenient for me
yes now it's more convenient for many countries member to withdraw paypal money to local bank account directly. but here we still can't enjoy this service we only allowed to use the telegrapic transfer to withdraw under a high feeQuote:
Originally Posted by ashvini
If you want to withdraw using a credit card then your paypal account should be business account and they take lot of charges for that account instead you can go for personal account and withdraw money to your bank account.
can we standard members also withdraw our paypal money to credit card?Quote:
Originally Posted by revvv1234
what is the percentage of the withdraw fees would be charged?
The Fees Charged for Receiving Card Funded Payments in PayPal isQuote:
Originally Posted by hyxfei
For Personal Account:-
4.9% + $0.30 for U.S. domestic payments (limit of 5 transactions per 12 month period)
5.9% + $0.30 for cross border payments (limit of 5 transactions per 12 month period)
Fees for cross border payments
For Premier & Business Account:-
1.9% to 2.9% + $0.30 USD Fees for cross border payments
Ya.I guess you can withdraw with your credit card but charges for that are big enough.So If you can afford that then you can withdraw with your credit card.
Yes I think it is a perfect and very convenient option for us Indians to withdraw the amount to local bank with very less fees as compared to others. Due to this I never feel the need to get an credit card.Quote:
Originally Posted by lemon_1800