My new experience in paypal! Do you have any fresh experience (Indians)

@Sreekala (18788)
India
September 15, 2011 2:14am CST
Hello friends, All of us know that paypal keep on punishing Indian users by announcing new rules for them every now and then. Today I got a mail from paypal, in that mail they mentioned that paypal made auto withdrawn the money to bank. Many of you people know that paypal removed the facility of keeping the money in Paypal, we should transfer the money to bank within seven days of receipt. I transferred the money in March 2011 and I left 0.82 cents, I left this amount because I don’t want to empty my pyapal. But today they transferred the amount to my bank account by using the method of auto withdrawn. Now the balance will auto withdraw on daily basis. What do you think about this, is it a welcome step for Indians? Please discuss the advantages and disadvantages of this method. If you have any new experience with paypal please share it here. I am eagerly waiting to know the other developments in paypal for Indians.
6 people like this
25 responses
@msdivkar (1903)
• India
15 Sep 11
Hi sreekala, I am an Indian as you are and using paypal to withdraw my money to my bank in India. i did not like the word you used "punishing" because that is not the fact. Paypal is acting on the basis of the guidelines issued by Reserve Bank of India for repatriation of foreign exchange to India. R.B.I. has issued these guidelines to curb the money laundering which is so rampant in the international financial world. These guidelines are also to curb the legalization of black money in India through this channel. As about automatic withdrawal of money to our banks in India on daily basis, I feel paypal is not deducting any charges on small sums. I have been active in cloud crowd last few days and as you you know cloud crowd transfers the money to paypal on daily basis. The money, which is a dollar or less has been withdrawn to my bank account in India without any deduction I feel (To be confirmed). So why blame paypal, It is helping Indians affected by R.B.I. guidelines.
2 people like this
@owlwings (38291)
• Cambridge, England
15 Sep 11
I completely agree that the word "punishing" is incorrect, wrong and likely to encourage a damaging and negative attitude towards PayPal (it might even be thought of as slanderous). Indians should understand that they live in a democratic society and it is the duty of each citizen to take an active and constructive part in their country.
2 people like this
@Sreekala (18788)
• India
15 Sep 11
Hi msdivkar, I used the word ‘punishment’ as a common man’s language, not the way you think like. Earlier we could do personal transfer without any charges then they made charges for it. I wish to tell you again, I am representing a common man who is making small amount from net by investing their valuable time. I am working in mylot only and I may take 2-3 months for making 10$ here. Initially we enjoyed the personal transfer and we accumulate money in paypal and later transferred to bank. As a small earner, the changes in paypal come to us as a ‘punishment’. But I agree, now they made auto withdrawn and waived off the charges for small amount, is a welcome step. May be something bad happened and government give restrictions to paypal to prevent those. But we people are trying to meet both ends, nothing to do with black money. Thank you so much for your views.
@owlwings (38291)
• Cambridge, England
15 Sep 11
First of all, please GET IT OUT OF YOUR HEAD ENTIRELY that PayPal are PUNISHING Indian users! PayPal value ALL of their customers and want to make it as easy and as useful as possible for them to use the service. They must, however, comply with the restrictions imposed by each country and the Reserve Bank of India has made some very restrictive rulings regarding payments between India and other countries. Although one can understand, to a certain extent, that they are concerned that more money is leaving India than is coming in, these restrictions are hurtful to many Indians. It is very important that Indians should be ABSOLUTELY clear that PayPal have NOTHING to do with these restrictions! If you want to influence decisions by your Government about the ways that you can receive money from or pay money to other countries, it is YOUR responsibility, as Indian citizens, to lobby your MPs and do anything else in your power (as members of a democratic society) to get things changed. If you are at all interested in earning money, you should be thinking seriously about starting and promoting businesses which bring revenue, not just to you, but to India. When the flow of money is reversed, so that India becomes profitable, the RBI will, doubtless, think about lifting the restrictions they have imposed.
2 people like this
@Sreekala (18788)
• India
15 Sep 11
Hi owlwings, First I wish to tell you- I am not a business person and I am making money only in mylot. In mylot also I don’t get much time to work here as I have to take care of my small kids. I know the government is making restrictions but we are dealing directly with paypal only and so I ttry to express my disappointment by using the word ‘punishing (I am not blaming them). We enjoyed the personal transfer in paypal to paypal, we do accumulate money there, so that we can transfer it later to bank without much charge. Once we lost all these facilities, disappointment is natural. It does not mean that we are not aware about the real fact behind it. Regarding canvassing MPs, I already told you I am not a business person, not earning hugely either. I could reach 10$ in mylot in 2-3 months only. May be some people used this source to transfer black money and government wanted to restrict the same but the common people only faced problem with this. Those who are doing illegal money business will continue their work in any manner, they may get different sources. Anyway I don’t want to discuss all those here. My purpose to start this topic is to get more updates from Indian members about paypal. Sharing their experience will give me more knowledge. After starting this topic I realized paypal waived off the charges for transferring money for small amounts and now my worries too over. Thank you so much for the participation.
• India
15 Sep 11
hello friend...yes you are right..that PayPal keep on punishing Indian users by announcing new rules each day....I have received this mail before from PayPal team...and I have not added a bank account yet to my PayPal account so this auto withdrawal does not work for me at all..all the balance still I have in my PayPal account is still intact there...I think there will not be any disadvantage of this auto withdrawal scheme...only the think you will required is to fund your PayPal while purchasing some goods or service online...
@Sreekala (18788)
• India
15 Sep 11
Hello Marine, If you have not added a bank account with paypal, I recommend you to add the same at the earliest. Please refer the response No. 3, she (life) wrote that we have to add Pan card number, purpose code and bank account to paypal, failing to do this we may face problems on receiving funds. The money we make online will come to us through paypal and we can only transfer the money to bank account, I mean we can’t use that money for any purchase or anything online. Once again I am suggesting to you add the bank account with your paypal (if you have money in paypal) why we should spoil our hard earned money. Thank you so much Marine.
1 person likes this
• India
15 Sep 11
I have already added a my permanent account number that is pan card no to my PayPal account...now I need to add the bank account ....by the way I have some question to you regarding this....I have a bank account in SBI in India..I am aslo having a debit card of the same account ....so is it possible for me to verify the ban account without visiting the bank bank brunch here...?what are the way to knoe those two small amount what PayPal has send to my bank account...?
1 person likes this
@Sreekala (18788)
• India
15 Sep 11
I think life has already cleared your doubts.
@allknowing (56782)
• India
15 Sep 11
This auto transfer will attract clearance fees if the amount is less than Rs. 7000/- We do have an option. One could accumulate one's earnings in myLot by raising the payout limit.
1 person likes this
@Sreekala (18788)
• India
15 Sep 11
Hi dear, I already raised the amount in mylot by 25$ but the problem is I have not reached payout for the last six months.
@akp100 (13293)
• India
15 Sep 11
Sree.. I have made my payout 25$ last month when I reached to 10$.. Now I am almost their and thinking to increase it to 50$ again. Don't want to get those amount to my bank account now.
1 person likes this
@allknowing (56782)
• India
15 Sep 11
@ life - Someone else also had said that here but I searched everywhere and I could not find this notification. Would you be kind enough to reproduce it here for the benefit of all of us please.!
1 person likes this
@jennyze (7048)
• Indonesia
15 Sep 11
I am sorry, I am not familiar with Paypal yet. I withdrew some money for the first time last June and left a small amount in Paypal cause like you I don't want to leave it empty. I did not get any email from Paypal, so I guess this treatment is only for several countries. Was there any precedents leading to this changing all the time rules? I am sorry, for your discomfort. I wish I could help.
1 person likes this
@jennyze (7048)
• Indonesia
15 Sep 11
Looks like it. So, I wonder what incidents happened before this rule?
1 person likes this
@jennyze (7048)
• Indonesia
15 Sep 11
Ah, I see. Are there many 'naughty' people who abused Paypal from India? I like naughty people but not so naughty...
1 person likes this
@Sreekala (18788)
• India
15 Sep 11
Hi jenny, I hope I have not made you worry with my topic. I have added the word – Indians- in bracket for not creating any confusion among members from other countries. Paypal is happy on punishing only Indians. So you don’t want to worry. I am glad my dear friend ‘life’ landed in time to help you. Oh you like naughty people … We, Indians are naughty always…
@dpk262006 (55822)
• Delhi, India
15 Sep 11
Hi Sree! I have not received any such mail from paypal. I remember last time I withdrew some dollars from my paypal account I left few in the account. Your post tells me that they will automatically send the same to my bank account, is it so? It means from next time onwards, I should not leave any balance in my paypal account and should withdraw the entire amount? Will wait for other updates/responses.
1 person likes this
@Sreekala (18788)
• India
15 Sep 11
Hello Deepak, Have you any balance in your paypal account? If so you will get the notification very soon. I had only 0.82 cents and today they sent mail to me, the money sent automatically to your bank a/c so and so… they also wrote that ‘Your balance is automatically withdrawn daily’. I think they have not charged anything for this. I am also waiting for other responses so that I will get a clear picture about the same. Thank you very much for the quick start of the topic deepak.
1 person likes this
@dpk262006 (55822)
• Delhi, India
15 Sep 11
I have just checked my mail box (after break), now I too have received the same notification. I had about two dollars left in my account. Hopefully, I will get my money safely in my saving bank account after 2-3 days.
1 person likes this
@Sreekala (18788)
• India
15 Sep 11
You have two dollars and mine was very less.
• Pamplona, Spain
23 Sep 11
Hiya sreekala, Don´t worry they are doing the same to us over here in Spain as well. My Husband has a Paypal and they do that to him as well but again he transfers the money to his Bank Account by himself and they tell him each time what has happened and all that but they never say that he is obliged to do so. They charge us a Fee of about four Euros depending on the amount of course. Paypal is not that popular here not even now the Banks don´t take kindly to using it at all. But they don´t turn their Noses up at the money do they either. So we are pretty much in the same boat as you are as well if that makes you feel any better. I don´t know why they keep changing everything either its bad enough trying to earn money let alone have any more hassles to go with it don´t you think so?
@Sreekala (18788)
• India
24 Sep 11
Hi angel, In that case paypal in India is doing well and they do keep inform about the updates with us. What about you, don’t you have an account in paypal by yourself then how you get payments from mylot. I won’t be happy to know about your problems even if we face similar ones. Thank you angel, for comforting me. Have a great weekend.
1 person likes this
• Pamplona, Spain
24 Sep 11
Hiya sreekala, Answer is yes I do have an account with Paypal but I have an awkward e-mail that I am not sure whether to keep using it or not as sometimes I cannot login properly as they are forever changing the format. Yes we face similar problems here too with Paypal not being a big thing here so you see they have not got it in for India its in for Spain as well. Also I suppose it will have targeted other Countries similar which I don´t know about either. But in the meantime I shall keep using them as I have no complaints in particular about them myself. That´s okay you have a great Weekend too am finishing in a while as I have been to see my Puppy up there in that little Photo as he is a long way off at the moment till I can bring him Home (grin).xxx
1 person likes this
@Sreekala (18788)
• India
22 Oct 11
Hello angel, Paypal in India is doing better now. The only thing is they are strict with rules and limiting the account for those who are not following the rules. Else they are dong better now raise the limit of money to 3000 dollars from 500 dollars. Hope it will work better for you too. Nice to see your dog in profile. P.S. Do you have any news about alice (aliceinweb, she deleted her third a/c then no idea what happened to her)
1 person likes this
@akp100 (13293)
• India
15 Sep 11
Hi Sree. Even I experienced it. They have finally taken steps for auto withdraw. I am having 5$ balance and I got the mail that it got auto transferred two days ago. So from now on we can't hold any money on paypal account. But the one good thing is that they aren't charging any fees for us. All payments got transferred to bank account without any fees charges.
@Sreekala (18788)
• India
15 Sep 11
Hello anand, Yes, that is the good point, they are not charging money like earlier. Now we can't accumulate money in paypal. But considering the fact, charges waived off, why we want to accumulate money in paypal for long time.
@akp100 (13293)
• India
15 Sep 11
But I am still collecting at here.. Last month i reached to 10$ and I make my minimum 25$ because I wasn't wanting that amount. Now I am almost their and thinking to increase it again to 50$...
1 person likes this
@Sreekala (18788)
• India
15 Sep 11
I too did it, made minimum as 25 but due to my absence I have not reached this money for the last six months.
@lkbooi (16102)
• Malaysia
16 Sep 11
Hi Sree dear, I'm obtusse in understanding the advantages and disadvantages of the autho withdrawn the money to bank. To me, it's too bad if there is handling charge for per autho tranfer. If so after the charge you won't get the whole 82 cents. If it's free of charge it's always welcome to have such convenient free transaction. It's safer to see the online hard earn money to be saved in our bank account Take care and happy posting
1 person likes this
@Sreekala (18788)
• India
16 Sep 11
Hi dear, They are not charging money for auto transfer, if it is small amount. However, there is a small conversion fee, which will be deducted. Earlier we had to pay Rs. 50/- for each transaction now that charges are waived off for small amount. So in that case it is a relief and we don’t want to do anything manually to get the money in our bank. After starting this topic and reading replies from other Indian members I am relieved much because it won’t harm us in anyway. Take care and have a nice time.
1 person likes this
@lkbooi (16102)
• Malaysia
17 Sep 11
It's so surprising at sight of the smiley that happens to be placed wrongly on the beginning of the first sentence. It should be occurred at the end of the 2nd sentence to emphasize for every wee amount of conversion This will happen only when using IE to insert myLot code. I'm so careless that I hadn't had a check before hitting the post button. I hesitated whether I'm valid to join in this topic lol... for I'm not from Indian. Take care dear and have a beautiful Saturday.
1 person likes this
@Sreekala (18788)
• India
17 Sep 11
I thought you added that smiley, because you are not familiar with the topic as it is for Indians. You are welcome to my topics, I just added 'Indian's' in bracket for not confusing other members here.
@chaitra001 (3277)
• Bangalore, India
15 Sep 11
Hi Sree I have not verified my paypal.. not able to login to paypal also.. so it means I lost my paypal account??
1 person likes this
@dpk262006 (55822)
• Delhi, India
15 Sep 11
Ask them to reset your password and then try.
1 person likes this
@Sreekala (18788)
• India
16 Sep 11
Hi chaitra, Then what happened to the money in your paypal account. Try to recover the password for paypal. I hope you will get your account back.
• Bangalore, India
16 Sep 11
Hi Dear.. I have to do that first.. @Deeapk have to do it.. I will do that today..
1 person likes this
@mkannanm (582)
• India
15 Sep 11
I didn't receive any such mail from paypal. Today i withdraw paypal balance to my account. I didn't notice the information in their site during withdraw procedure. May be I will wait for some time and check my inbox. thanks.
1 person likes this
@Sreekala (18788)
• India
15 Sep 11
Hi mknnan, You already withdrawn the money otherwise you would have get the money automatically into your bank. I wish to ask one question, have they charged money for the transfer? In automatic withdrawal they are not charging money for transferring.
@mkannanm (582)
• India
16 Sep 11
I kept around $8 for past 3 months and nothing happened to my balance. So automatic withdrawal doesn't occur on my balance. When i did manual transfer to my bank account they didn't charge any fee (Rs.50). This free transfer without fee is updated paypal website also. I will be happy if automatic transfer gets implemented soon.
1 person likes this
@Sreekala (18788)
• India
16 Sep 11
Automatic transfer already implemented, many members acknowledge the same in this discussion. Let us be happy now, they are doing something great for Indians too.
@nitin_hec (1098)
• India
16 Sep 11
Yes that is good change but I do not think it will be permanent.
1 person likes this
@Sreekala (18788)
• India
16 Sep 11
Hello nitin, Why you think that this change won't be permanent. Is there any reason for it. Let us wait and see. I hope good things won't change soon. Thanks for the reply.
@nitin_hec (1098)
• India
16 Sep 11
Because for paypal you can never be sure.
1 person likes this
• India
15 Sep 11
I can say it s all the rules laid by indian regulatory and not paypal. As the indian government tightened paypal in india just to monitor the in/out flow of the money. Today many indian earn thorugh paypal and not show tax returns.
@Sreekala (18788)
• India
15 Sep 11
Hi gshyam, If Indian government tightened the paypal then there must be reasons for that. Earlier the transfer of money in paypal was free then they charged for transferring and finally stopped all the services. Now Indians can only transfer the amount to bank if they get any money through paypal. Moreover, they made PAN card number compulsory too. I think the common people like us, who are making small amount, facing problems with the restrictions. Thank you so much for your views.
• India
15 Sep 11
See that initially any company will give free offers after getting enough users they align the revenue model meanwhile the regional governments interfere not to misuse the policies.so overall i can say its govt responsibility to restrict or to enhance any business model like paypal.
1 person likes this
@surekharathi (14134)
• India
12 Mar 13
Thanks to share this discussion but friend when first time my money is lost from paypal with in a day I feel ohhh something is wrong then start a discussion in mylot then I got few responses and understand now paypal is providing the facility of autowithdrawn means if we are not withdrawn means paypal automatically sent the money in bank. Nice rule I accept and happy for this.
1 person likes this
@Sreekala (18788)
• India
12 Mar 13
Hi dear Earlier we could do anything with paypal money, could transfer to friend's account freely then they started to charge for transferring and finally they stopped all those facilities. All these restrictions came due to the RBI guidelines. Now the day to day money will be auto-withdrawn to our bank.
@abhaijith (2837)
• India
15 Mar 12
Hi Sree, How You Doing? Am late to join this topic. friend,as you know am not a good online earner and till now Only Mylot and Neobux have paid me. Now am having around 3 $ in my Paypal account and i think stills its 10$ isthe minimum payout from Paypal.right?And is there any way to withdraw this amount? You have mentioned about the Auto withdrawal facility and so the minimum payout amount doesn't affect it? And what all are the best paying sites in your experience?
@Sreekala (18788)
• India
16 Mar 12
Hello Abhai, I am fine and hope you too. As you know this discussion is old and that time the money received in paypal was automatically withdrawn to bank within 7 days of receipt. There is no minimum payout in payapl and utp Rs. 7000/- the withdrawal is free (earlier they charged Rs. 50 for each transaction). However, I am not aware about the recent developments in paypal. If you received money in paypal for more than one week and it is still in paypl which means you can hold your fund in paypal like earlier. If you wish to transfer you can transfer that money to your bank without worrying about the charges.
@SHAMRACK (8384)
• India
21 Sep 11
Dear friend, This new change could have also given the option for the account holder to limit the withdrawal according to their option. I had gone to edit option in profile, that is given to change the auto removal. But as a single bank account is given in pay pal that option is not accepting. It would be better if no fees from both banks and paypal deducts. Moreover if this goes the transaction to the banks accounts would increase. I wish that the banks do not deduct any fee for these uncontrollable transactions. I hope soon paypal would come up with better options. On the other side paypal is something really well appreciated for providing such facility to Indians even though they have to face some issues with RBI.
@Sreekala (18788)
• India
24 Sep 11
Hello Sham, So we can’t edit the withdrawal option in paypal, is it? The good thing is they are not charging money for the small amounts. If the bank started to charge for over transactions we can't blame paypal either. But very limited people are getting money from paypal frequently. It may never applicable for me (lot of transactions from paypal)
@globaldoc (860)
• Philippines
17 Sep 11
I do not know if this applies to people from other countries. However, I think it is a better thing to happen since the money will be in the owner's hand immediately. May I ask if this also applies to people from other countries?
1 person likes this
@Sreekala (18788)
• India
19 Sep 11
Hi globaldoc, No, this is only for Indians. Indian government is making restrictions with paypal.
@pro_ojha (601)
• India
16 Sep 11
hi Sreekala I am also revived similar kind of mail form PayPal. I have someone around 5$ on my paypal account. But problem is that I have closed the bank account which linked with paypal, some day ago .I am not able to understand what will happen lets watch what happen
1 person likes this
@Sreekala (18788)
• India
16 Sep 11
Hi pro_ojha, I think you should log in to paypal and change the bank information at the earliest. Please link another bank with your paypal. Why should we spoil our hard earned money? Please do the needful as soon as possible so that you can save your money.
• India
16 Sep 11
Well, i checked the account. There is an option in the edit bank accounts to choose Auto Withdrawal. If you uncheck it, it would be fine i guess. Probably its checked by default, for me it was not though.
1 person likes this
@Sreekala (18788)
• India
16 Sep 11
Hi sriram, You mean, we can change the auto-withdrawal option, oh then it will be great again. Since they are not charging money for transfering small amounts, I think there is nothing to worry (this information I got only after starting this topic). Thank you sriram for sharing this information.
@stephcjh (32385)
• United States
15 Sep 11
I'm not sure because I am in America. One of my Indian friends said they cannot use Paypal in India so I am a bit confused.
1 person likes this
@Sreekala (18788)
• India
16 Sep 11
Hello steph, Indians can use paypal but there are some restrictions. We can't do personal transfer from one paypal to another paypal, we can't purchase anything through using the money in paypal. The only thing we can do, once we receive payment in paypal withdraw the same to bank. Now paypal is providing facility to withdraw money automatically, We don't want to do the manual transfer. The advantage is, pyapal is not charging anything for transfer small amounts. So with this new development, Indians are happy.