paypal fees for India
February 25, 2012 2:03pm CST
hey friend i have reached the minimum payout limit in mylot.and this will be first payment through mylot.but i don't know how paypal charge me to send money in my account.well i belongs to India so if any of Indian can tell me about this.if i have $10 in my account then how much i will receive in my bank account.
25 Feb 12
Hey vt689586 you need not worry about the fees of paypal as paypal will not charges any things if you are just getting your money in your aacount. I know that paypal nither charges INDIAN to withdawth the money to bank and in most cases it is auto withdrawal. So if you get 10$ in your paypal account then you will going to get 10$ in your bank account. But they will not transfer the amount in dollars but first they will convert it in dollar according the current rate of conversion and that much rupees you got by convertion you will get that much amount. Ex say rs 48 = 1$ then you will 48X10= rs 480 in your bank account.
26 Feb 12
hey rajeev but i read somewhere that paypal also charge some money like 3.9% +fixed charge but i did not understand how it is for our country but you are saying that they take nothing ,have you experienced that thing and what time it takes to withdraw money in my bank account? thanks
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26 Feb 12
Hi,vt689586,first of all i want to congratulate you for your payout.I have got payment from minute workers through paypal.When mylot transfered your money into your paypal account,you will get a notification msg from paypal,after that it will be transfer to your bank account within 24 hrs,but this whole process will normally take about 5-6 days.
26 Feb 12
vt689586 from where you have read that charges and the fixed amount that paypal is taking??? I didn't understand that. As skjee10 alrady told you about the payment and the processing of the money to bank account. I just want to clearify that now paypal didn't keep single penny of your's in the paypal account they transfer it soon to bank account linked to your paypal account. If you are recieve payment to your bank from paypal then i think there is no chages which i my self had done it befroe and got full amount no dedecution.