how to get money from paypal
December 25, 2008 9:30am CST
If i want to draw money from paypal? How to get it ? Do i need a bank account no.?Do they give me a check. How?????/
25 Dec 08
Yes indeed, you need a bank account in order to withdraw money. But please make sure that your bank have the capability to allow you to withdraw money from Paypal. Nowadays, most of the bank in any country are able to do this. That is the first step. For the second step, you need to setup your bank account in your paypal. To do this, go to Profile-Add Bank Account page and fill out the form. Make sure that first name and last name on your paypal account is the same with the name on your bank account. It might take several days to process this request. Earlier, paypal only have wiretransfer (check) option to some countries like India and Indonesia, but I don't think they have this option anymore. When you are withdrawing money from paypal, pay attention to the fees from both paypal and your bank. I hope this can help you. This is another page on the net about withdrawing money from paypal in India. http://www.labnol.org/india/interesting/withdraw-paypal-money-to-bank-account-in-india/1704/
1 person likes this
25 Dec 08
Well I am withdrawing my money from paypal through bank transfer. I simply place my bank account and account number on paypal and then witdraw. Upon withdrawing you will be asked where you want it to be so I choose bank. In just about 5-7 days the money from paypal will be deposited to my bank account. Just insure that the account name and account number are all correct. They usually charge almost $1.2U.S. for the transfer which is fine with me. In my case, its around 50 pesos since I live here in the Philippines. You could perhaps use other options like transfering directly the amount to your eon card but I think the charges are higher. Just make sure you have verified your paypal account before making any withdrawals.