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those who use paypal, please help me... email this discussion to a friend?

myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers2 months ago

Hi, i have a paypal account and I start get money to the account there everyday for the work I did on the previous day. Today one of my friends told me that paypal charges a fee for every single time I get money to my account. is it true?
I thought of accumulating money in paypal and then ask them to deposit it to bank account at one go, say when I reach 1004 or soemthing like that.
I know that they charge 8% of the money I ask them to deposit in my bank account. Is it a correct information? Anybody who gets money via paypal to India,I would like to hear how it works for you too...


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tags:  paypal, money, account, bank account, withdraw
 
1. myLot reputation of 92/100. world2lot (416)   ranked 2,342 out of 19,534 in questions & answers   2 months ago

Hey its not that much. I really varies daily as the dollar rate differs. Actually it charges $0.33 for $1 but on the whole it will charge only $1.66 for $10 calculating... It will charge only $11.5 (approx) for $300 transaction to your bank account.

Can you tell me how you earn daily??? I like to know that. I am also an indian only...!


myLot reputation of 71/100. josechukkiri (1567)   ranked 2,048 out of 19,534 in questions & answers  2 months ago

Sunnycool told the right thing. You can transfer money from paypal account to your any nationalized indian bank.Me also transfered to my SBI S/B account. world2lot please visit my profile page to see a lot of money making sites. Visit my blog 'chukkiri' to see the recently pay outs I have got and work hard. All the best.


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

hi world2lot, i write web content. it depends on the time i give. sometimes all i earn is only 2 or 3 dollars a day hi hi i work less i earn less. i will give you th elink later.
but i still did not understand the paypal thing. do they actually cut an amount for every penny that falls to my account in paypal/ isit better to ask my employer to pay in bulk.

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2. myLot reputation of 93/100. sunnycool (794)   ranked 4,133 out of 19,534 in questions & answers   2 months ago

if u want to transfer the amount to a bank in india then it charges $1 if the amount to be transfered is less than $150 if it is greater than $150 it doesnt take any fee.i had transfered many time to my sbi account from paypal and it takes 3 days to make the transfer .hope this could be helpful.great day.


myLot reputation of 92/100. world2lot (416)   ranked 2,342 out of 19,534 in questions & answers  2 months ago

Hi! Do you do online jobs? How you get paid that much? can you teach me


myLot reputation of 93/100. sunnycool (794)   ranked 4,133 out of 19,534 in questions & answers  2 months ago

ii make some money from ptc sites and rest from gpt sites.


kurdafya_01 (36)   ranked 12,228 out of 19,534 in questions & answers  2 months ago

ive heard about ptc sites.what are gpt sites?


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

i see that did help. so you mean to say that they charge only for transaction below 150$. no charge for keeping money in paypal right? also what was that about the first response/ .33$ for a dollar? can you please explain it?


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

by the way, i also have anaccount with sbt that i have linked to paypal, how much sbt charge per transaction or per dollar?

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3. myLot reputation of 95/100. nrtan2000 (1027)   ranked 445 out of 19,534 in questions & answers   2 months ago

Yes, they actually started charging a few months back but before there was really no charge for transfer transactions especially for free paypal accounts. I think it depends what site is paying you since there are also some sites that don't get charger for paying its members maybe because they already had an agreement with paypal.


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

oh is it so? there are free paypal accounts? how do i know whether mine is chargable or not? hmm so I have to ask my employer about it. thanks for the reply.

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4. myLot reputation of 85/100. VANILLAREY (1178)   ranked 6,799 out of 19,534 in questions & answers   2 months ago

There is no charge when you receive money to your Paypal account. Unless you have a merchant account or so. Paypal usually charge the company or person who might be paying you. And the company or person may pass that amount to you.
About withdrawing money to your savings account. First you need to provide some bank information. If its a big bank like SBI or ICICI etc., then it would approved and money can be easily transfered. If you are withdrawing Rs.5000 or so(you need to check the limit when withdrwing) or more then there is no charge. If its less then there is a fee of Rs.50.
You said you get money to your Paypal account for previous days work. Could you tell me the work you are doing. You could message me.


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

i will message you the url tomorrow, i have to check mail.
thank you for the response. oh you say that sbi do not charge for any withdrawal of more than 5k? and no exchange rate??? hmm that cant be coz when i asked my bank manager, he said they charge 100 buks. he was in no mood to clarify.


myLot reputation of 85/100. VANILLAREY (1178)   ranked 6,799 out of 19,534 in questions & answers  2 months ago

SBI won't charge you. Paypal converts the money and sends Indian Rupee to your savings account. When you want to withdraw dollars from Paypal, it will show you the exchange rate and how much rupee it comes to. If the amount you are withdrawing from Paypal to SBI is below the limit(i.e Rs5000 or so) then Rs50 will be deducted from the amount you are withdrawing.
Ex: 1] You want to withdraw $100 into your SBI account. The exchange rate is $1=Rs50. Then Rs5000 gets transfered to SBI account. No charge.
2] You want to withdraw $50. The exchange rate is $1=Rs50. Then Rs.2500 - Rs.50= Rs.2450 gets transfered to SBI.
SBI does not charge you anything since there is no currency conversion for them.
Hope this clears your doubt. thumbup


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

Oh it did clear my doubt. thank you. You are using sbi account and me sbt. Things shouldnt be much diffrent with them though, i have to check again...bye

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5. myLot reputation of 75/100. jassi1 (137)   ranked 6,755 out of 19,534 in questions & answers   2 months ago

hi dear though i dont have it yet but i know it doesnt take this much money it takes but a little one u can say almost no charges hope u wont register to such scam site by this name


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

thank you. i am extra careful while registering with sites. goodday

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6. myLot reputation of 93/100. sunnycool (794)   ranked 4,133 out of 19,534 in questions & answers   2 months ago

hi malpoa this is sunny again.you can transfer money from your paypal account to any branch of state bank of india.you just add your sbi account number with NEFT number(google NEFT followed by branch name,city you will get the NEFT number).once you have successfully added the sbi account now you can make the transfer and it would take 2-4 days maximum to have money into your sbi account.

regarding the fees------if you have made a transfer of $150(approx. 7000rs) or more then there would be no fees.if it is less than $150 then they would charge $1 as fee.tats it.i hope this has clarified your doubts.if u have any doubts dont hesitate to ask me.gud day.


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

Yes, i am somewhat clear abou tit now. this 1$ is charged by paypal, right? and bank doesnt charge right? Also what I heard about paypal charging for every single dollar which falls into my account was exaggerated I guess. Hmm thanks pal..goodday


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

By the way, what are gpt sites?


myLot reputation of 93/100. sunnycool (794)   ranked 4,133 out of 19,534 in questions & answers  2 months ago

only paypal charge $1.receiving bank doesnt charge any money.gpt sites are get paid to try sites.i have placed a blog link in my profile page you can find more details there.i would appreciate if you can join.gud day.


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

I forgot to add, I have already linked my bank with my paypal account. Thank you for the info buddy. I had problem with that too, but later cleared it out...My bank is sbt (state bank of travancore) Goodday. tc


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

Get paid to try what? I am a bit apprehensive about joining new sites, if you could pm me, it would be better. If I like,I will join.:)

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7. myLot reputation of 99/100. lovelyn_medrano (801)   ranked 2,005 out of 19,534 in questions & answers   2 months ago

hi malpoa! You can actually check the exact paypal fee charges at their fees page located at the bottom of the page.

Paypal charges fee for every money you receive, this fee will be paid by you if the buyer did not shoulder that fee. You will be charged also when you requested to transfer your paypal money to your bank account (but there are some free of charge). Please refer to their paypal fee page.


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

hi lovelyn, I should check out their side of story too hi hi. well I am clear about the second part and I want to clarify about the first. If I end up paying from what I earn, it would be too bad..it takes a lot of time to get what I earn hi hi..I am slow and lazy too
Goodday dear


myLot reputation of 99/100. lovelyn_medrano (801)   ranked 2,005 out of 19,534 in questions & answers  2 months ago

Actually malpao, the charge that I was reffering may or may not be applicable to you... it depends on the agreement of the buyer who pays you... Some buyer (online sites that pays us) have prior agreement with paypal... so you will see no deductions on the money that was credited to you. Check on the details of every transactions in your paypal. You will see if there are deductions or none. Everything is there. Hope this help you. happy


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

thank you lovelyn, i will check...
gooday

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8. sajjadaxe (6)   2 months ago

they charge 50 bucks per transaction if u r transfering money to a bank account to INDIA


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

That is not less!!! it is too much! I dont think they are charging 33 cents per dollar.. 33% of our earnings!!! unimaginable...I dont think they are that cruel...


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

Ohho, that was supposed to be the comment for the box below!!!sorry!!!

yeah they charge 50 bucks for any transcation less than either 100$ or 150$, I got it. Thanks buddy

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9. myLot reputation of 47/100. oXAquaXo (252)   ranked 6,259 out of 19,534 in questions & answers   2 months ago

It's not much. It's somewhere around 33 cents per dollar. But if you think about it, it's worth it because Paypal is an important necessity when you're planning on earning money online. I don't even really consider it, since it's very little compared to the money made online. Don't panic...


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

Please be kind enough to read the comment i left in the box above. It was for you!!! by the way, It is all cleared out, not even our government charge tax from us to an extreme, how come paypal will? it is not the case, you are welcome to read all the responses in the box to clear your notion about it.
Gooday

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10. myLot reputation of 99/100. ladym33 (5697)   ranked 32 out of 19,534 in questions & answers   2 months ago

Go in to your pay pal account. Then go to the top where is says withdrawl. Click on Withdrawl, not anything under but Withdrawl. A list of all of your options to get your money will be there, you will also see how much each thing costs to do. It will tell you the fees right there for transferring money to your checking account. It is free in the US, but I would imagine there are probably some kind of international banking charges involved, but if you click that it should clearly tell you any fees.


myLot reputation of 93/100. malpoa (544)   ranked 1,189 out of 19,534 in questions & answers  2 months ago

Yes yes it should. I didnt have any money in my account so clicking on the withdrawal link wasnt an option any way. I am sure to find more options there. Clear cut options...thank you dear. Goodday

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