what is the minimum payout of paypal?

India
July 8, 2010 8:37am CST
what is the minimum payout of paypal?is there any minimum balance restriction that needs to be maintained in case of paypal?
1 person likes this
9 responses
funorb12
@funorb12 (456)
• United States
8 Jul 10
What do you mean? You could get paid by paypal as much money as you want. You could give out as much money as you want. You have a limit if you don't have a premium account.
jenmau
@jenmau (28)
• Philippines
8 Jul 10
can i ask you a question? Is it really required to have a credit card while creating an account on paypal? how is it if i don't have a credit card?
laxmimaru
@laxmimaru (63)
• India
10 Jul 10
no actually u dont need to have a credit card to create a paypal account.this is the first and imporatant problem any one faces to create a paypal account. instead you can link your bank account to your paypal account.but for that you need to have a pancard,which if you apply for,you can get within 10 days.then after verifying your bank account,you can start withdrawing funds from your paypal account to your bank account. happy earnings!
jenmau
@jenmau (28)
• Philippines
7 Aug 10
what is pancard? sorry just read your reply so late .. please reply .. thanks thanks thanks ...
rajesh5012
@rajesh5012 (450)
• India
8 Jul 10
paypal is not having any min payout. i think u r indian. for us it is having just a restriction. i.e., if u request to with draw above Rs.7000/- then its free to transfer. if it is below it it charges u Rs.50/-.
laxmimaru
@laxmimaru (63)
• India
10 Jul 10
yeah i got u,that means,as an example,can i withdraw my funds from paypal to my bank aaccount,onccce it reaches 2$?
trohichko
@trohichko (197)
• Bulgaria
8 Jul 10
As far as I know you don't need to have any minimum balance restriction in order to maintain a paypal account. Even if you balance is 0.00$ the account is reserved for you and you could use it whenever you decide.
hanagi
@hanagi (390)
• Philippines
8 Jul 10
I don't think there is a balance restriction in paypal because the minimum pay out is 0.00$. I just read it awhile ago, why? have you experience some problems with paypal?
laxmimaru
@laxmimaru (63)
• India
10 Jul 10
no,actually i heard the minimum withdrawal is 10$,thats why i want to confirm if it is really true.
catycat1985
@catycat1985 (188)
• Philippines
8 Jul 10
Based on my experience the minimum pay out of paypal is $10, i dont know if its just set here in Phil or if its their standard
sunnycool
@sunnycool (12714)
• India
8 Jul 10
I dont think there is any minimum payout for any country----you can withdraw the money irrespective of the amounts---but people prefer to transfer their money when enough has been accumulated just to avoid the fees. Welcome to Mylot
leonardog1
@leonardog1 (186)
• Spain
8 Jul 10
it depends on what u set ur minimun to
laxmimaru
@laxmimaru (63)
• India
10 Jul 10
how do i set my preferred minimum withdrawal in paypal.can u please explain me step by step?
Devilova
@Devilova (5392)
• Indonesia
8 Jul 10
If You mean the minimum amount to get withdraw to Your bank account.The minimum was $10 and You have to be a verivied members of Paypal by connecting Your credit card. But if You didn't a verivied members yet, You can't do it.The amount only can You use to shop online.Happy Mylotting!!
sinaj292
@sinaj292 (602)
• India
8 Jul 10
i think we can get money only when our credit balance reaches the $10...... There is no such minimum balance for our account ....
sasuke96
@sasuke96 (797)
• India
8 Jul 10
Your question is meaningless. You can have $500 cash maximum if your Paypal is unverified and unlimited if your Paypal is verified.