Payza withdrawal

India
January 28, 2013 3:20am CST
I want to withdraw money from my payza account to Indian bank account i have sucessfully linked my bank account but they are asking for my pancard and address proof is it safe to upload such documents and is it possible to withdraw.
4 responses
@mohkanari (1957)
• India
28 Jan 13
It safe as we link our PANCard and Address proof to other financial institutions recognized by Reserve Bank of India. I understand that now it is possible to transfer fund from Payza to Banks in India.
• India
28 Jan 13
Are you sure that i can withdraw amount to my Indian bank account can you confirm that please.
• India
28 Jan 13
Since you are Indian have you ever withdrawn to your bank account from payza.
@mohkanari (1957)
• India
28 Jan 13
I am using PayPal for withdrawal of money since it is automatic. We can't keep money in PayPal account, it will be automatically transferred to bank account in India within 3 days. In the case of Payza withdrawal to India, I think it is temporarily disabled by Payza. Please confirm visiting page with details of "Fund transfer/Withdrawal" of your Payza account.
@Archie0 (4669)
28 Jan 13
I haven't yet used payza. But i have done that to my Paypal. Paypal is very safe. Well they did not ask me for my address proof but they did ask me for PAN card. But i am still waiting for some money to get in my Paypal because i am not sure if i still get it. But if that website is secure there is no harm in doing that. They secure our details.
@mohkanari (1957)
• India
28 Jan 13
Hello Archie, I have got my PayPal account verified 2 months back. They wanted PANCard number and verification of my bank account name and address in India to get PayPal account verified. Now PayPal is having automatic withdrawal system with Indian's Bank account in India. Money received at their end will be transferred to account in India within 3 days without any request.
@kai9999 (1703)
• India
28 Jan 13
I think it is pan card or address proof. You don't need both to withdraw the money. Even Paypal asks for pan card to withdraw money to any Indian bank - its RBI regulation but I don't know how payza still allows to hold money in their account while Paypal withdraws to Indian bank within 7 days...
• India
28 Jan 13
Thanx for the reply yes it is very unusual dont you think that paypal doesnt hold any money and payza does and one of my friend had money hold up for 3 months.
@agrim94 (3811)
• India
28 Jan 13
I have not used Payza or Alert pay as it was called earlier but this is a legal requirement in India. Not their fault but Reserve bank of India has put up this thing on all pay pal kind of online banks so no one hide their online earnings and it may not be used for hawala transactions.
• India
28 Jan 13
Ok will i able to withdraw after that because their faqs say so...But many reviews i seen they say its can be done but very hard to do so.