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  1. #1
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    Default PayPal to ICICI Bank Account

    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
    SmartzKool

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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by smartzkool
    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.

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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by mr.microsoft
    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.
    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.
    SmartzKool

  4. #4
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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by mr.microsoft
    Quote Originally Posted by smartzkool
    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.
    yes Paypal conversation rates are very bad. I dont know why they have always 1 or 2 $ less than the actual conversion rates.
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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by nick_westlife
    Quote Originally Posted by mr.microsoft
    Quote Originally Posted by smartzkool
    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.
    yes Paypal conversation rates are very bad. I dont know why they have always 1 or 2 $ less than the actual conversion rates.
    Not in dollars, they have 1-2 INR less by actual rate.
    SmartzKool

  6. #6
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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by smartzkool
    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
    cud u tell me if v cn transfer our paypal to ICICI travel card(visa electron using USD as currency)

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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by sindu44
    cud u tell me if v cn transfer our paypal to ICICI travel card(visa electron using USD as currency)
    Well i can't help you on this. Better you check out with the PayPal itself.
    SmartzKool

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    Default

    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...

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    Quote Originally Posted by ananth84
    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.
    SmartzKool

  10. #10
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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by smartzkool
    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

    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.

  11. #11
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    Default

    Quote Originally Posted by ananth84
    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...
    You don't need to have paypal verified account for transfering your money to bank account.
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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by nash_avi
    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.
    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.
    SmartzKool

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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by smartzkool
    Quote Originally Posted by nash_avi
    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.
    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.
    well today it was 47.4727. I too had a transaction today . I have withdrawn funds to my bank account.
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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by nick_westlife
    well today it was 47.4727. I too had a transaction today . I have withdrawn funds to my bank account.
    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.
    SmartzKool

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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by smartzkool
    Quote Originally Posted by nick_westlife
    well today it was 47.4727. I too had a transaction today . I have withdrawn funds to my bank account.
    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.
    But paypal conversion for a particular days remains the same and its still the same(just now I logged in and checked it).
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    Default Re: PayPal to ICICI Bank Account

    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).
    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?
    SmartzKool

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    Default Re: PayPal to ICICI Bank Account

    Quote Originally Posted by smartzkool
    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).
    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?
    Maybe we can prove out something here. At what time you have withdrawn. Just check out in Paypal transaction complete history..
    Mine was on 17th november and it was at 05:06:51 PST
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  18. #18
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    Default Re: PayPal to ICICI Bank Account

    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..
    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...

    Anyways what ever it is... I have checked the current rate, it is same as what you are saying...
    SmartzKool

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    Default

    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.

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    Default

    Quote Originally Posted by ishan901
    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.
    SmartzKool

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