Question about paypal

@beeh13u (1040)
Philippines
October 31, 2010 10:48am CST
Will paypal deduct our money if we transfer it to our savings account? Or from Mylot to paypal?
2 people like this
6 responses
@lalay1976 (330)
• Philippines
31 Oct 10
Hi beeh! I think there's no PayPal fee from myLot to your PayPal account. (I'm not sure since I haven't cashed out yet.) From your PayPal account to your savings account, the answer is 1. Yes, P50.00 - if you're transferring below P7,500.00 2. No - if the transfer involves more than P7,500.00
@beeh13u (1040)
• Philippines
31 Oct 10
P50.00! Wow. That's too much. But that's how paypal is earning. I can't do anything about that. I thought it was free.LOL
@beeh13u (1040)
• Philippines
31 Oct 10
BTW, have you tried transferring paypal to Gcash?
• Philippines
31 Oct 10
I haven't. I use BPI and Metrobank. If you can get a bank code for your Gcash (which I doubt you won't), then it might be possible to transfer to it.
1 person likes this
@sam8pro (376)
• India
31 Oct 10
Not exactly from mylot to paypal no it should not ideally. From paypal to account depends on the country. India if you are making a transaction above Rs 7000 roughly 140 dollars then no fees. There is fees if you are doing that on a lesser amount.
1 person likes this
@beeh13u (1040)
• Philippines
31 Oct 10
Oh I'm from the Philippines. I hope it will only be a small amount to be deducted in my money.
@armie23 (146)
• Philippines
1 Nov 10
I think, YES but it's just a minimal amount. Not costly!
1 person likes this
@piyush86 (75)
• India
31 Oct 10
ya it true that ther is limte some 7000 rs in india so we shoud transed only afer we got this much other wise ther wont be nay profit as they appy ther trasction chrges for ther small trnsactions
1 person likes this
@TeamCholent (2843)
• United States
31 Oct 10
If you are in America sending the money to your bank account is free. If you are in other country there should be s slight fee to convert your foreign exchange into a local currency. Also when you get a payment in your PayPal at times you might have to pay a slight fee, it depends on the website and if they are covering the fee or not. Its not going to be anything significant if not so don't worry. Keep posting here and enjoying yourself and you can cash out in no time.
1 person likes this
@ram_cv (16516)
• India
31 Oct 10
Paypal will not charge anything for the transfer of money from mylot to you paypal account. That is like a debit from mylot, so is not chargable to you. On the other hand if you are transferring money from your paypal account to your savings bank account there would be charges. But if the amount is more than 7500 INR, then there will be no charges. But this is for India. So depending on your country and your currency you need to check the rules. Cheers! Ram
1 person likes this