receiving & sending money with paypal /

India
May 30, 2009 4:16am CST
paypal dont charge us for small transactions upto a certain extent , if we want to recive a large payment or want to transfer some huge money to our bank accounts , then we can divide our funds into parts which are free from charge & then recive or send , therefore we will not get charged on them. is this an good idea or paypal has made such restrictions on these , like sending a limited number of payments or withdrawing. what are your thougts about this or did anyone had such type of experience . shri.
1 person likes this
4 responses
@getitok (278)
• China
30 May 09
It depends what country you are in. Paypal will charge 35USD each time for wiring transfer funds to my China bank account. And it's free to transfer funds to Hong Kong account if the amount is larger than 1000HKD, and charge 3.5HKD if it is less than 1000HKD Just log into your paypal account, and go to the withdraw page, you'll see the if it is free to you to transfer funds to your bank account.
1 person likes this
• India
30 May 09
35 usd , it is a very big amount , what is the ration of china's currency v/s usd, & thanks , i will definitly check withdraw page.
@getitok (278)
• China
30 May 09
Yes, it cost 35USD. The exchange rate is about 6.82RMB/1USD
• United States
6 Aug 09
it sounds pretty good. As long as its free, I don;t think there is any problem with splitting the money to be spent.
• India
8 Aug 09
thanks for your response animegirl, i read the terms of service of paypal & gain much knowledge & i want to share it, but, i think you should read the terms there only; if you not already read.
@dhawanbm (3705)
• India
30 May 09
oh realy its paypal and I am going to get some amount next week or so, I was thinking that it takes some commision to transact money to my account!
1 person likes this
• India
30 May 09
i am thinking that you should read the details about paypal online transaction on their site before , so you can trasfer a minimum ammount to your account which has no charge. way to your success.
@lilaclady (28236)
• Australia
30 May 09
I thought Paypal had charges on all transactions,I think a lot of things have changes i think a long time ago if you transfered over $500 to your bank account it was free not sure if its the same now..I will be interested to see what others have to say here.
• India
30 May 09
thanks, i hope terms & condition are not changed.