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When Do You Usually Withdrah your Money From Paypal to Your Bank Account? email this discussion to a friend?

myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money4 weeks ago

Well the question i wanna ask is, when you start withdrawing money from your paypal? Do you wait until your money reach a certain amount, or are you doing it regularly at certain date every month. Also how long usually the transfer take time from your paypal to your bank account, and how much it cost?

As for me, i usually wait until i reach $40 before i withdraw money from paypal. Since the cost of transfer is pretty expensive, it is about $1.6 ( considering i don't have much money in paypal ), so i don't want to spend hard earning money from the net to transfer fee, so i wait at least until i reach $40. Also the transfer from paypal to my bank account mostly take about 5 working days.

How about you?

 
 
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tags:  paypal, withdraw, bank account, bank, processing fee
 
11. myLot reputation of 96/100. youless (15176)   ranked 428 out of 27,484 in make extra money   4 weeks ago

I will withdraw my money from Paypal to my bank account when the amount is over USD200 as the transfer charge will be free. I don't want to spend much for the charge. So I have to be patient to withdraw money when the amount is large so that the cost will be zero.

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myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

O i see, this is the first time i hear about the news. So if you withdraw money and your money is $200 or more, then the transfer fee is free. Well although it is great, but i think i couldn't wait that long since it will take a very long time for me to reach $200. Thanks.

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12. myLot reputation of 87/100. oraclemv (2499)   ranked 7,055 out of 27,484 in make extra money   4 weeks ago

I leave my money in Paypal. I don't transfer it because the amount is so little and I use it to buy stuff on the internet, usually e-bay. I sell stuff on e-bay a couple times a year and I will make around $200 all year in my paypal from e-bay and mylot. I use that money to buy things here and there, small things usually. If the company does not take paypal directly, I use my paypal credit card. It's like my free money for internet shopping. Last time I bought a kaleidescope for my little girl through amazon, it was only $7 with shipping so I only spend small amounts at a time.


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

O i see, so you actually selling thing in E-Bay. And you actually never withdraw your money but decide to buying thing instead. Well it is actually a good idea but since the shipping fee is actually $7, which paypal transfer to my bank account only take $1.6 so i really still prefer to use paypal to transfer my money to my bank account instead.

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13. myLot reputation of 99/100. cutepenguin (3698)   ranked 513 out of 27,484 in make extra money   4 weeks ago

Well, we used to need the money pretty badly, so a couple of years ago we would basically transfer it whenever there was $50. Now I am trying to accumulate a bit in there, but it keeps getting used up, argh.


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

Well what you used your money for? Did you used it to online transaction or investing thing in some internet making money business. Anyway, how much is your transfer fee from paypal to your bank account and also in which country do you live. Thanks for responding this discussion.

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14. myLot reputation of 94/100. Binthu (2968)   ranked 995 out of 27,484 in make extra money   4 weeks ago

Hi Lord,

It is up to you to decide the amount to transfer from the
pay pal to your bank account, so you have the option to collect
more amount in the pay pal and then transfer to the bank account
or otherwise if you need the money very urgently then you can transfer
any amount of money at any time to your bank account. The charge has been
collected by the Pay pal would be varied from country to country and bank
to bank so it is not fixed and would varied. So finally I am suggesting
you that when you need the money then transfer, or otherwise better to
wait for the good amount in the pay pal and then transfer to your bank
account.

Have a nice day.


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

Well yes, but you know, although i trust paypal, but since it is online and there is no paypal office at my country i feel more secure when i actually have money in my hand, or at least in my bank account since if there is something wrong i could just easily go to the bank. But if there is something error in paypal, it will be hard for me since there is actually no paypal office and i only know to contact them by email. Thanks.

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15. myLot reputation of 76/100. suspenseful (17074)   ranked 940 out of 27,484 in make extra money   4 weeks ago

I transfer money from Paypal to the Bank Account when I reach at least $20 but it usually is a little over $30 at that time. I do not make that much on the net, so I would be waiting for half a year if I waited until I got $50 or so. We have a 50 cent cost per transfer here if it is under a certain amount, but in order to get that I have to wait for a year a so and it takes five to seven days, although in most cases it is around five days for the money to appear.


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

Well yes, but since now there is mylot i think you will make more money since with my lot, you can earn about $19 in two month. At least that apply to me, and i don't even have any active referral. And wow, your transfer fee actually more cheaper then me. Thanks for responding.


myLot reputation of 76/100. suspenseful (17074)   ranked 940 out of 27,484 in make extra money  4 weeks ago

I have not figured how much I make a month or in two months now. But I know now it takes longer to get as much as it did a year ago. i do not know whether myLot wants us to make longer discussions and comments or whether I am so busy with life that I do not get here as much as possible. I do know that I want to write some articles and that will probably mean that I will not be here as often.

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16. myLot reputation of 89/100. notlistening2 (10676)   ranked 7,628 out of 27,484 in make extra money   4 weeks ago

Well I will be waiting until my account, in paypal reaches $50.00, and then I will withdraw my money from my paypal account, and have it transfered to my bank, and then I will withdraw it from my saving account. happythumbup


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

O i see, so you wait for your money to reach $50 before you withdraw it to your paypal account. How long do it usually take to transfer the money to your bank account and how much is the transfer fee. Anyway, thanks for responding to this very discussion.

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17. myLot reputation of 78/100. o0Tora0o (261)   ranked 2,071 out of 27,484 in make extra money   4 weeks ago

I usually withdraw funds from my PayPal account as soon as they arrive. My Personal PayPal account is enrolled in the Money Market Fund, but its returns are horrible right now so I have no real reason to allow my balance to sit for very long. Instead, I just withdraw to my savings account, since the interest it pays amounts to more than PayPal's dividends could ever hope to.


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

O i see, so you just withdraw your money whenever you receive them. How much actually is the transfer fee between your paypal and bank account and also can you tell us mroe about the money market fund you were talking about because it is new to me. Thanks.


myLot reputation of 78/100. o0Tora0o (261)   ranked 2,071 out of 27,484 in make extra money  4 weeks ago

It doesn't cost anything to transfer funds between PayPal and my bank account. As long as I have at least a dollar in my PayPal account, I just make a withdrawal request and it's deposited in my bank account in about 3-5 days.

As far as the Money Market Fund goes, you sign up to participate and PayPal pays dividends on your account balance. It's currently paying 0.08%, so it's not really even worth it. A year or two ago, the returns were a lot higher. Now, I just put everything I earn in my savings account, since it's paying over 1% interest on balances.


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

O I see, it is very nice for you to have no transfer fee at all from paypal to your bank account. Anyway, thanks for the info about money market fund, but since it is not even worth it like you said, and i don't even have that much money in my paypal to make it worth, so i think i will not look further about it.

Thanks for answering my question my friend.

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18. myLot reputation of 73/100. balacancer22 (641)   ranked 8,849 out of 27,484 in make extra money   4 weeks ago

Ya i do wait for a certain amount that is whenever i get the pay check from mylot i withdraw it and deposit it in my paypal account..i have doe it once and i do hope to do it again..i dont care about the cost that they are taking as a charge to transfer the funds and i do it whenever i get the money from paypal..this has been a routine for me since two years and i'm trying to change the routine but i'm not able to since i'm getting tempted whenever i see funds over than $10 dollars in my account and i immediately transfer the funds to my bank account..
Happy Mylotting


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

o i see, so you just transfer your money to your bank account whenever you receive any money then. How much it is actually the transfer fee from your paypal to your bank account. Anyway, thanks for sharing how you deal with money on your paypal with us. THanks.


myLot reputation of 73/100. balacancer22 (641)   ranked 8,849 out of 27,484 in make extra money  4 weeks ago

The Transfer fee for any bank account in India is $2dollars..thats a good question and how much do they charge in your country..?


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

Well actually the transfer fee for my country is less expensive from yours, but well, at least for my bank, i don't know about the other bank. The transfer fee at my place is $1.6, and the transfer take about 5 working days. It is quite long actually. How about you, how long the transfer take times at your place. Thanks for responding this discussion.

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19. myLot reputation of 96/100. haiershen (901)   ranked 2,599 out of 27,484 in make extra money   4 weeks ago

i have never had experience for withdrawing money from my paypal to my banking account, as the money on my papale is only a little,in order to reduce the charge of handling, i would like to save it until $200, therefor, the change would be in zero.good luck and have a nice day!


myLot reputation of 95/100. lordcaocao2025 (536)   ranked 1,041 out of 27,484 in make extra money  4 weeks ago

Well it is nice that you want to reach $200 before you withdraw it, but how much actually money that enter your paypal account per month. Because if it is so little and it would take a lot of time to reach it, i think you should withdraw the money first. It just make you feel secure. Anyway, thanks.

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