I have unverified paypal account, Can I still withdraw money to my bank account?

@bsa861 (339)
India
October 9, 2008 5:13am CST
Guys I am from India and don not have a credit card to verify my paypal account, I have an account in state bank of india which seem to be accepted bank at paypal. Can I still withdraw my funds to my bank without having getting verified, Though I haven't tried till now, If you have already done this, please help me out !! Also I have some money in AP can some one transfer money to my PP, So that I can transfer money to their AP. I trust mylotters, So any body ready for the exchange ?
2 responses
• Hyderabad, India
9 Oct 08
I guess you can withdraw funds from your paypal account to your bank account even if you have an unverified account. Maybe there are some limits to your withdrawal like 500$ a month and 3000$ all time. I'm not too sure about it but I think this is how it works. Maybe you can contact paypal administration. They can provide you proper information.
1 person likes this
@yadav8797 (1211)
• India
10 Oct 08
hi rahul. thanks,for giving such a beneficial information.can you tell me any other method to verify paypal account other than credit card??because i don't have credit card.friend,can paypal charges some fees to transfer the money from paypal account to bank account ??what are the rates given for dollars into rupees by bank
• Hyderabad, India
13 Oct 08
Hey buddy, sorry for the late reply. Didn't expect to get a comment. Anyway, I've heard there is a site on the net through which we can get our paypal account verified. I'm not sure how they do it and I've never tried it too. Its too risky and its better not listening to what strangers have to say. I mean, you surely don't want to lose your hard earned money. Also, as far as I know, paypal charges some fee even if you are a verified member. Its 5$ for check to India or Rs.50 for bank transfer where funds are less than 7000/- or so. I've never cashed out so have little idea but I know one thing for sure, you don't have to verify your account to be paid. Hope this info helped.
• Philippines
9 Oct 08
No you can't withdraw the money in your paypal account not unless you have it verified.
1 person likes this