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.
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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.
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
But how quickly our money gets deposited to our bank account? Any idea?
yes it will took about 5 days to max 9 daysQuote:
Originally Posted by shishir
but no money will be deducted in your bank a/c
and min. withdraw is only 10$
as i tried it once.....
________
Extreme Vapourizer
smithjjw, are u from India?
to transfer the money from paypal to your acc. it will take maximum of 10 days
wow. I know u r from India. but I don't know withdraw is only $10. r u sure about it.Quote:
Originally Posted by smithjjw
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.
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.
if you have less than $10 iin your account i dont think you will be able to withdraw your money yet. there is a minimum amount we can withdraw cause withdraw has big charged already.
No but if I have say 30$ 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?
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.Quote:
Originally Posted by indieover
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
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:Quote:
Originally Posted by Devesh
is this applicable too to presonal account. or are you just talking about premier account and business.Quote:
Originally Posted by vimstar2
and it is aplicable to personal account. then they will not earn any thing if we will withdraw when we have $195 in your paypal account. though i will say that i think that we have still charged in personal account. cause we are really free from charged in receiving money from paypal if you are personal account.
195$=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.
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 TransactionQuote:
Originally Posted by mr.microsoft
$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?Quote:
Originally Posted by sindu44
from the paypal site.........but to get this i gues u need to log in into ur accnt.........Quote:
Originally Posted by smartzkool
Sindhu
Where is that data available. Can you tell us the path where its available after login.
after logging in ...Quote:
Originally Posted by nick_westlife
click on "auction tools"
there u will find "resources"
under tht u can see "transaction fees"
if stil nt clear don hesitate to ask...
after loggin into paypal, just go to this URL, you will find it -
https://www.paypal.com/in/cgi-bin/we...receiving-fees
Really Paypal is very good for Indians online money makers, because fee is very very low. If you will transfered more than Rs. 7000/- there is no fees, and lower than Rs.7000/-, fees is only Rs. 50/-.
yeah that is true. I have already used their this service 3-4 times. The time period for transfer is also good. Only 2-3 days.Quote:
Originally Posted by ishan901
I too have decided I should withdraw my money to bank only when I reach around $50. But I wonder right now it is in US dollar in paypal account, how will they change it to rupees?
Also my bank does not support internet banking, can I still withdraw my money to bank?
Well which bank you have account in.. Please specify so that we can say that they will be able to accept or not...Quote:
Originally Posted by lemon_1800
Regarding conversion, paypal itself converts it and send to your bank account in INR... :)
I have an account in "Indian Bank" which don't support Internet Banking. I think you know that it's a central government bank. Can I transfer my money into Indian Bank?Quote:
Originally Posted by smartzkool
just download this excel file and find out if your bank is listed or not, if yes, then you can transfer, if no, then you cannot.Quote:
Originally Posted by lemon_1800
http://rbidocs.rbi.org.in/rdocs/content/docs/68774.xls
Internet banking is not mandatory for you to transfer your funds.
If the bank is shown in the list of banks accepted by paypal then you can add your bank account and transfer your funds.
The details required can be found on the internet or you can consult your bank for them.
Well if your bank provides you with IFSC code, which you can find in the cheque book or in the list of the excel file provided above, then you will be able to your bank..Quote:
Originally Posted by ravitejag
Better check out to know about it...
There seems to be another problem that paypal has invented to bug its customers..
It seems that if you donot provide enough information in the transaction memo paypal might open a dispute ...
I have faced this problem recently ...
really?generally i do not provide any info in my transaction because they are small one.just several dollars or even less than 1 dollars.so will they block my account by that?Quote:
Originally Posted by ravitejag
Well I think they are doing this which involves alot of dollars in the transaction... I think they are doing these with suspicious accounts only...!!Quote:
Originally Posted by elliotthn05
PP is getting really annoying these days ...
They are running through all the transactions and if there are transactions made between two accounts within a very short time which has lack of info in the memo they are opening a dispute :twisted: