I have confirmed my mylot and trekpay payments in Pay pal

@yugasini (12839)
Anantapur, India
November 27, 2009 9:56pm CST
hi mylot friends,After signing with PayPal four months back,to day i have confirmed that i have received my payments from My lot and Trek pay,i have received two payouts from my lot and one double payout from Trek pay,is there any fee for keeping amount in my Paypal account,I am new to PayPal can any my lot friend inform the same to me?
1 person likes this
5 responses
@aerous (13474)
• Philippines
28 Nov 09
I don't think if there is any pay keeping money on paypal? Do you ask if there is an interest or fee to maintain money in paypal?If you ask about the interest I would say no. If you ask if there is a maintaining fee I would also say no. Because I have money there and no deduction or interest...Have a nice day!
@yugasini (12839)
• Anantapur, India
28 Nov 09
hi aerous, thanks for the response,i wish to accumalate the amount in paypal itself,im not worrying about the interest,i will withdraw the amount in next year only,after it reaches to 70 dollars,for 70 dollars i have to wait still 2 to 3 months time or more to get that money,have nice day
@aerous (13474)
• Philippines
29 Nov 09
it's my pleasure participate in your discussion, my friend. I'd like to know if you are verified member of paypal?
@vandana7 (68724)
• India
28 Nov 09
Hi yugasini, that is nice. :) Congratulations. :) Well, my advice will be more relevant I think because there are exchange rates involved. You need to obtain a NEFT code from your bank/s in India, where you would like the monies to be tranferred eventually, if at all. Thereafter, you need to wait for the day when the dollar has a free fall (when dollar falls more Indian rupees are given against it). Note, the dollar may fall against Euro, but it is not necessary that it will fall against Indian Rupee. Therefore, look only in relation to Indian currency, if your object is to transfer the monies to your country. Give the withdrawal order. However, note that your account name in Paypal, and account name in Bank Account is exactly the same. If not, open another paypal account with name matching the name in the bank account. Transfer from the first paypal account to the new paypal account. From here, you can give arder to transfer (withdrawal) to your bank. They will tell you the exchange rate that is applicable on that date and time. Note that this rate will be slightly lower than the rate that appears on CNBC. Nevertheless, it is near about 44 rupees as of date, and the CNBC quotes around 46.5 or so. per dollar. You need to try to get more than 44 dollar. That is the objective. Give a withdrawal order and be prepared to wait for at least a week. :) All the best. :)
@yugasini (12839)
• Anantapur, India
28 Nov 09
hi vandana madam, thanks for the response,thanks for the suggestion,i wish to accumulate the funds in pay pal itself up to 70 dollars then,i wish to draw,i must have at least Rs 3000.00 in Indian currency,i does not have a credit card to verify my pay pal account,how it will works out,have a nice day
@vandana7 (68724)
• India
28 Nov 09
Hi Yugasini, you need about Rs.7500 equivalent for not be charged anything on transfer. :( That is about 172 dollars in that account for transfer! And you dont need a credit card for withdrawing. I mentioned you need to collect NEFT code from your bank and paypal account asks for that account. You just have to give that and account details, everything else will come smoothly. I have done it just a couple of weeks ago so I am telling you this is the procedure.
• Malaysia
28 Nov 09
Hi, Yuga! That's great news! There are no fees if you wish to keep the amount in your account. Besides the credit card of debit card procedures, which they must be verified, if you withdraw the money, there will a minimal fee. I am not sure how much they charge for users from your country. As for my account, the withdrawal fee is $5 per transaction. Try to check in your account for further details on the withdrawal fee.
@yugasini (12839)
• Anantapur, India
28 Nov 09
hi corrycrystal, thanks for the response,for the time being i am not withdrawing the amount from paypal,i will accumulate it up to 70 dollars and then i will withdraw the amount means trans the same from paypal to my local bank account,then itself i know the transaction fee for transfer of funds from one country to another country,have a nice day
@PeacefulWmn9 (10424)
• United States
28 Nov 09
Hello Yugasini :) This is good news, yes? I like PayPal very much. I let the money stay in there, or at least a lot of it, but when I need some, I simply have them transfer it to my bank account. Last time I made such a request, they had transferred it in less than one day. And I could see the balance in my checking account. I hope it works as well and easily for you as it has for me! Karen
@yugasini (12839)
• Anantapur, India
28 Nov 09
hi karen madam, thanks for the response,i also let the money stay in there itself at Pay pal,because i wish to draw when it become a lump sum,that amount will be for some use,there is no necessary for me to request for transfer of funds from pay pal to my account,but i do not have a credit card for verification,what to do,have a nice day
@eLsMarie (4148)
• Philippines
28 Nov 09
last week, i just confirm my credit card to paypal since it took time for me save 10 $ here in mylot... i find it really exciting since i don't have any knowledge of it and that's it... ^_^
@yugasini (12839)
• Anantapur, India
28 Nov 09
hi elsmarie, thanks for the response,your avatar is so sweet,i do not have a credit card at present,i am having a debit card or some other card at present,now i am not withdrawing that amount i will with draw it in next year only,have a nice day