Operation of PayPal in your country
March 27, 2007 1:14pm CST
I enquired at several local banks if they deal with PayPal. I was surprised to know that they hardly know about the PayPal, leave alone dealing with it! I got the same response from the American Banks (e.g. Citi Bank) and Canadian Bank (e.g. Scotia Bank). I have gone through the complete information available at the website of PayPal. But it is not clear as to which banks deal with the PayPal for transfering the money that has been earned and deposited to someone's PayPal Account by, say myLot, to the person's local account held with the local bank. About three weeks ago I posed this question to PayPal admin but they have not replied. I tried to get this information through search engines also but could not get a satisfactory answer. I think the best thing is to get the answer from myLotians. PayPal now works fine in countries like USA and Canada but what about other countries? If you are clear about the exact procedure and the banks to which the money can be transferred in your country, it would be useful to other people. So, please describe clearly. And also tell if you had any problems in the transactions.
11 Apr 07
I have been using PayPal for quite a number of years now and I have never had any bother having funds from PayPal transferred into my Irish bank account. It wasn't always so, as PayPal didn't deal with any banks in my country until a couple of years back. If you log into the PayPal site, you should be able to see a list of countries where PayPal is used. As yet there are still a lot of countries which PayPal has no dealings with the banks and it impossible to have funds transferred. Hope you have some luck.
2 people like this
15 Jun 07
Dear Norstar I think Paypal is a bank itself .. it's an ebay company who do not have tie up with any of the banks .. in any country .. that is the reason other banks like Citibank and Canadian Bank don't know anything about Paypal .. because Paypal have no tie - ups with them. This is the reason Paypal admin did not replied to your query because -- they don't have the answer to your query .. because all they are doing is -- managing all the things themselves. But they have tie up with xoom company -- and with that -- I used to get my paypal balance in my bank account by taking xoom help.
15 Jun 07
Dear Touchnshine, Thanks for your response. I have seen your post about xoom. I have talked to Punjab National Bank who are dealing with xoom and it seems easy to receive money through this channel. I opened an account with PayPal and after that I received a survey/ questionnaire from an agency which has been given the task of finding out customer satisfaction. WEhile answering the questionnaire, I mentioned that I was not satisfied with the customer care section. After this, they did respond very promptly and they do answer all the queries now. I got a note from someone belonging to PayPal saying that they are working on means and ways to provide high quality customer support. So, it is now OK.
9 Jul 07
Dear touchnshine, Thanks for the good words. I had to try to find out things related to PayPal because I was getting opposite views. I am sure there are many people who have lot of doubts about operation of PayPal and we must help them out. Just imagine, someone working hard to get $10 paid and when it happens, he comes to know that he cannot withdraw unless the balance is $150. So, he would be disappointed. But you have have also told about Xoom way of withdrawing. This is how we can share our knowledge and experience. So, keep up the good work of sharing and helping. Keep smiling.
15 Jul 07
Even though I live outside of U.S. and canada, i didn't have any issues with paypal so far and I have not yet withdrawn money from it yet as i have not reached the minimum payout of $150 to withdraw from it and i am eagerly awaiting soon to reach that stage and see how they are going to pay me.
20 Jul 07
Great that you are about to reach $150. They would sens the money by a cheque after deducting a small amount towards the cheque commission. Incidentally, you could withdraw money from PayPal account as soon as you reach $25 through Xoom.com. In other words, you need not wait for $150 to accumulate. For details about Xoom.com, either go to the site to see the details or refer to the post by touchnshine.