Is it safe to transfer your money fromPaypal to your bank acccount.

India
May 23, 2009 4:46am CST
I have 100 dollars in my PayPal account and i am from India .There is a facility to transfer 100$ from your paypal account to bank account but i want to know is it safe.I hope many of mylot friends might of transferred to their bank accounts.Can any one help me.Your experience with paypal might help me.
1 person likes this
7 responses
@dhawanbm (3705)
• India
23 May 09
Deepika it is absolutely safe to transfer the amount lying in your paypal account, just go to your profile and add your indian bank account details over there and then without any worry you can withdraw any amount into your account, The charges are Rs50/ for Rs7000/-, all the best!
1 person likes this
@srganesh (6345)
• India
23 May 09
How much minimum amount can a verified Indian paypal member extract to his bank account?Please give me the right answer.
• India
23 May 09
will the bank also charge anything
• Philippines
24 May 09
Hi deepika201, I never done that since I'm new to these online transaction but the good news is paypal has a good reputation when it comes to online transaction primarily when it comes to using your money there to purchase something. I know lots of people who have done transferring their money from paypal to their respective bank account and the result was good. You don't have to worry as paypal is very secure and the best money transfer online as of today.
@jellymonty (2354)
23 May 09
Paypal is the most efficient and safest way to transfer money to your bank account.. I transfer money all the time to and from my paypal account so dont worry about saftey. Papal is 100% efficient and safe.. check with your bank to see if they accept paypal payments. If you are a verified member there is no minimum or maximum you can transfer...
• China
23 May 09
i never did that.but i am also want to do that some day in the near future like you.but i am very sorry to tell you that i can not help you now.and i also want to get help form mylot.because i am from china.not in us too.so i also want to know will that be safe.but from the answer up,i know that is safe.but is it cheap?in china.it is very expensive to transfer money from abroad countries.i want to know how much that exactly is.thans all of you.
@gerald_lian (2191)
• Australia
23 May 09
Hi there deepika! I am currently residing in Australia, and I have used Paypal to transfer funds into my bank account as well as to transfer funds from my bank account into Paypal. So far, based on my experience with Paypal, there has been no problems transferring funds at all. You just need to wait for a few days for them to process the transfer and the funds should show in your account. Hope that gives a little bit of faith to you on Paypal!
@navonly (901)
• India
23 May 09
Hello friend. Now you are worried about PayPal payment? its the world's best online payment service. Have you ever heard of eBay? This PayPal belong to that company only. So you shouldn't doubt at their end. However be sure that your bank is not a scam. I have been doing transaction with PayPal and my bank since last two years, without a single penny of fraud or scam. Just be sure, how much your bank will charge for every transaction you make. Even PayPal will charge some amount. Also pay attention towards dollar rate in market, try to transfer only when the rate is up. Still paypal conversion rate will be a rupee less then Indian market.
@angelsmummy (1700)
23 May 09
Yes I do it all the time, although it takes up to 5 working days to go into your bank account. Dont think you havent got paid if it hasnt gone in straight away!! =D