Quote Originally Posted by kiatsiang
Quote Originally Posted by sekhar4m92
Quote Originally Posted by wonderful1
Do I receive cash or check if I withdraw money from my PP account to my bank account? what currency is it, if i can get cash? dollars or Yuan(Chinese currency). btw, I verified my Paypal account by local ATM card .
Paypal will Pay you in your Local currency only and they might Charge fee for Conversion of Currency, As I'm from India and I'm receiving my Cash transferred to my Local Bank in INR(Indian Currency)
Not only that, take note that our local bank account may have different exchange rate to convert the money to our local currency which is differnet than the reate of paypal, and local bank may also incur some service charge to recieve money in paypal.
No the local banks do not incur any charges for currency conversion because the currency is already been converted by paypal before sending it to our account and that's the pretty same reason paypal takes currency conversion fees.