Paypal Details pls...?

@nupats (3564)
India
June 7, 2008 3:37am CST
hi guys a friend of mine just told me tht if i open a paypal account for recieving my money frm mylot then i cannot take it out till i reach minimum 100$ is this true? and on every transaction of minimum 100$ they charge 10$..? I m so confused can anyone tell me how this really works and wt r their service charges per transaction tht u do? can i use it frm India? is there anyone frm India on mylot with a paypal?..pls advice
3 people like this
7 responses
@sdas86 (6076)
• Malaysia
7 Jun 08
Hi nupats, I search the internet for details and I have found a site about withdraw PayPal funds to India. You can have a look at it. I think it might be useful for you. Here is the link: http://www.chip.in/forums/viewtopic.php?t=29653 Best of luck to you.
2 people like this
@nupats (3564)
• India
8 Jun 08
thnx again sdas...glad tht u gave this site address to me ..now i have the details with me..thanx a tonn..have a nice day..
1 person likes this
@sdas86 (6076)
• Malaysia
7 Jun 08
Hi, I'm not sure about that. For my country, whenever I transfer my PayPal money to my debit card, PayPal will deduct $5.00. I'm not sure about your country. I think it will be possible to get the money if you have lower than $100.00 in your PayPal account. Have a nice day!!!!
2 people like this
@nupats (3564)
• India
8 Jun 08
hi dear..thanx for the info...i really appriciate ur support..have a nice day..
1 person likes this
• India
7 Jun 08
Yes I am from India and the information you have recieved is absolutly false. You need to earn $10 for your minimum payout. Paypal charges Rs 50 per transaction till Rs 7000. You can tranfer your money to your bank account with a nominal charge of Rs 50 per transaction.
@nupats (3564)
• India
8 Jun 08
thank u vinay..grt help dear..now even i got my paypal account activated and i think 50rs is no big deal if i need to take out my money before it touches 7000 rs..thank u for the information..have a nice day..
1 person likes this
• India
8 Jun 08
Yes exactly. Rs 50 is affordable. Its difficult for us to reach Rs7000 here, so no problems.
@cupid74 (11397)
• Pakistan
7 Jun 08
Sorry i cant help u and its NEWS for me too. it mean to take first pay out u need to wait for Yrs LOl
1 person likes this
@nupats (3564)
• India
8 Jun 08
hi cupid thanx 4 ur concern..i got all the detail and i also got my paypal account now..it is pretty good..i had wrong info with me..someone had told me incorrectly now i understand it better..have a nice day
1 person likes this
@cupid74 (11397)
• Pakistan
9 Jun 08
Thats nice so u got what u want
@raghwagh (1528)
• India
7 Jun 08
According to information gathered by me, if you want a check from Paypal then you will have to wait till 100$ in your account.If you want bank transfer then this facility is now available fro Indian users. But if your ammount is less than 7000Rs equivalent then there is a processing fee of 50Rs and it takes something like 3 weeks for the transfer.And the processing free is levied off for amount above 7000Rs. Hope this help.All this information is available on Paypals website.
1 person likes this
@nupats (3564)
• India
8 Jun 08
thank u so much for the information..yes u r correct abt all this..really appriciate your help..thanx a lot..have a nice day..
1 person likes this
@touchnshine (2822)
• India
20 Jul 08
Hi Dear I would like you to have a look at two of my very old discussions on paypal. It will clear many of your doubts about paypal : This is the current one: http://www.mylot.com/w/discussions/1398624.aspx This is the older one (When I used to withdraw my money through xoom -- but it's still worth reading -- because -- it will clear many of your doubts about paypal)-- http://www.mylot.com/w/discussions/993013.aspx Please make sure you go through each and every post -- and if you still have some doubts please feel free to contact me -- I will try my best to help you.
@nupats (3564)
• India
24 Jul 08
thank you dear it was indeed very informative..in case i have any doubts will contac you..have a nice day
1 person likes this
• India
30 Jul 08
You are most welcome
@vipulchawla (2220)
• India
31 Jul 08
Hi dear. Well I am a little surprised. The reason being that after posting so many responses you may have had payouts earlier. So you haven't credited your due amount into your bank account yet? I know the procedure as to how to get ur paypal amount to ur bank account or to your credit card. You can always get ur payment from paypal if the minimum amoutn is 10$. However, if you credit the amount on your credit card or bank account, the minimum trnsaction fees is 5$ and in addition to that there is some cancellation fees also, i.e if the bank doesn't accept the amount or someway the amount is refunded back to paypal, so there is some cancellation fees incurred. Hey, Even i haven't got my amount credited to my account yet. Infact, i am facing some issues, if you could please help. I have linked my bank account to my paypal account but it still shows tha account as unverified. I was hoping to link my credit card with the account but it says it will deduct 1.95$ for the same. So, i have kept the transaction hold till now. Please do let me know how are you gonna get it done and when you credit ur paypal money to ur bank account..