How is this possible
December 8, 2012 2:59am CST
Well [b]my earning in PayPal is automatically transferred to my bank account in India after conversion to rupees, as per Reserve Bank of India guide lines. Thus the balance in PayPal account is ALWAYS ZERO.[/b] But usually I get an email from PayPal telling, Hi Bhubaneshwar Saraf, Check out your latest activities with PayPal by logging in to your account at www.paypal.com/in. Remember, you don't need a balance to purchase with PayPal. Yours Sincerely, PayPal [b]Friends I wonder how is this possible? Do you get similar mail? Is your money auto transferred to your bank account in your currency? Please respond and share your views. Thanks in advance.[/b] Happy Sunday to all. Professor ‘Bhuwan’. . 08/12/2012
• Bhubaneswar, India
8 Dec 12
Namakar Sir I do recieve such an email almost every month and I had once contacted paypal on this. Their say is that for Indians to buy anything via Paypal is NOT allowed. But yes, you can still pay using Paypal Services only if you have a Credit Card attached with your Paypal Account and the money would be paid using that Card. This is their explanation for Remember, you don't need a balance to purchase with PayPal and yes, that is true. One of my friends purchases many stuff online and he always has to have his credit card details ready whenever he has to purchase. He is taken to the Paypal login form from the Selling page and then it asks for the Credit Card Details. And needless to say, that as I too am from India, I cannot BUY anything using my Paypal Balance anytime. For the ZERO Balance, the Payment received stays on the Paypal account until 00:00 hrs the day it is received and is automatically transferred to the Bank. Despite this (until the amount staying with the Paypal, Indians cannot use any of this amount to make any purchase).
8 Dec 12
If my lot is paying out it goes to my paypal account. I see the amount in $. If I send money to my paypal account from my bankaccount I see it in euro. My paypal account does not send money automatically to my bankaccount. If I want that I have to do it myself. Is it possible you told paypal somewhere to do that automatically? I only get a message from paypal if I payed something or if I received money on that account.
10 Dec 12
Maybe it is an option if where you want your paying be deposited Dad, but have you encountered losing your payment as when you inquired your balance is ZERO? As of now I felt so hard in making my paypal account done. Just worried if my payments will be lost and gone as they don't have access on my account this time yet.
8 Dec 12
I don't get similar mail like yours. The last email I received from PayPal was about the black friday sale on bags. I didn't open it though. You should be careful with that. Maybe try reporting it to PayPal and they will be the one who will track it down for you. Besides, their business name is at stake here.
8 Dec 12
I am also from India and as you said the balance amount in Paypal will be zero always as the amount will be auto withdrawn to my Indian bank account. But I never got a mail from Paypal like which you have mentioned. Also I have read somewhere that we(Indians) cannot buy anything using the Pypal amount. But after reading your post I think that Indians can buy something online using Paypal account for which the amount will be taken from our linked bank account. But even then the question still remains that without our permission to transfer the amount Paypal can establish a transaction from our bank account?Now I am totally confused....
8 Dec 12
Even I have received such mails from Paypal. Why they are sending such mails just to have a look into your account how much you have earned, i.e. being CREDITED to your Paypal Account from different sites you are suppose to get and how much amount being transferred to your Bank in India. My friend friend keep in mind there is nothing called FREE in this world. And one cannot do any purchase via Paypal when you have ZERO balance in your Paypal account. This is nothing but the marketing Technique Paypal is using so that thinking you can buy something via Paypal, even when you know you have Zero balance. When you tend to buy something automatically window will pop up asking you to furnish your Credit Card or Debit card detail, so that when you do any purchases they will take the money from your Card then only they will dispatched what you have order.
• Legaspi, Philippines
8 Dec 12
Hi professor! In our country, we can decide if we want to keep the entire amount on paypal for some time and we can decide how much we want to transfer to our bank account. I also receive email from paypal about this. Yes it is possible to use paypal even without a balance because as we all know paypal is a site which help you to transfer money and you will be required to give your credit card number when you purchase anything without a balance. Have a nice day!
• Manchester, England
9 Jan 13
I do have a bank account linked to Paypal, but unless I make a manual withdrawal via the site then it does not automatically transfer. I live in England so my currency is £ (Pounds sterling), but I have my Paypal account in $ US. This has proven to be very convenient because I have purchased several items online from other countries, which usually involves paying in $ US. It makes more sense to keep the balance in my account rather than pay an exchange rate both ways. I often get emails from Paypal, some genuine and some that are obviously false, but I never respond and always ignore the link supplied. If I wish to check my account I manually navigate to the site and Log into the account.
9 Dec 12
I have a little balance in my PayPal. But my money didn't auto transfer to my bank as you've said. I must request a transfer before it happens. I also didn't try to purchase any item online without a PayPal balance. I only make purchases using my available balance at PayPal. It's not good to purchase with zero balance because it will be charged in your bank and you are required to give some important details. It's quiet dangerous.
9 Dec 12
I had a similar kind of experience and this was strange to me. Recent time RBI have revised lot of regulations in keeping incomes in federal accounts. This may be the reason for transferring funds from your local account. Please call them on skype to get more in detail.
9 Dec 12
prof, i too receiving this email, but not frequently, i think every month i am receiving this mail, but i don't give importance to it, as we know Indians don't have the ability to purchase anything using our paypal money, so don't give importance to this automated mail. I think paypal don't update the automatic system with their new rules, so only we are getting this mails
• Garden Grove, California
9 Dec 12
hi p rofessor I think this is perhaps beca se paypal is here in the US and you are in India so its set up to automatically transfer for you. into y our IUndaina bank.I have to hit deposit to my bank account when I get my earnings into paypal as its not done automatically for me. see I am here in the Us so I guess thats what makes'the difference.