How to use paypal account?Is there any requirement?
By rb200406
@rb200406 (1824)
India
April 15, 2007 2:24am CST
Dear friends ,i have opened a paypal account becuase to receive payment it is neccessary.I have read in many posts that paypal causes problems.Is it true?Can you tell me how to get the money from paypal once i complete 10$ minimum payout?Are they going to send in my residemce the check.I don't have bank account or credit card.I live in India.
3 responses
@touchnshine (2821)
• India
15 Apr 07
Hi Dear Friend
U have opened a paypal account .. good but Dear u should have Credit Card too .. it's important to be a verified member on paypal. I am a verified paypal member. Well don't withdraw money from paypal once u reach $10 instead of this use www.xoom.com to get your money. I have seen my many Indian friends crying when they withdraw money from Paypal. Ony 10 out of 100 will receive their cheque as because -- Paypal sends a cheque to Indian through very cheap ordinary post which hardly reaches you and if u try to take your money out through xoom it will take a matter of 2 - 3 days time. Yes xoom will definitely take their fees but atleast u will be satisfied that you got your money. Indian cannot transfer their paypal funds to their bank account. I will suggest you to make your credit card as early as possible and get verified through Paypal -- I will tell you how to do it -- but getting credit card is necessary.
1 person likes this
@mvsrao (4365)
• India
15 Apr 07
Unfortunately , Paypal doesnt doesnt send money
to Indian Bank accounts . we can ask for a bank
cheque from Paypal after getting more than
150$ into our Paypal account . This cheque
can be credited to any of the Indian Bank
accounts .
Pls see the following for more details related
to money transfer to India from Paypal account :
http://www.money-transfer.in/paypalindia.html
http://www.mylot.com/w/discussions/440124.aspx
http://www.mylot.com/w/discussions/649496.aspx
And you can add me as a friend to send me
messages to clear any doubts related to
Paypal account .
http://www.mylot.com/nr/addfriend.aspx?q=131808
@Gemmygirl1 (2867)
• Australia
15 Apr 07
Don't quote me on it 100% but i think you need to have a bank account coz i reckon in order to get the money from your paypal account you need to transfer the money from your paypal account to your bank account.
You also need a minimum amount in your paypal account before you can widthdraw the money.
They might very well send a cheque but i haven't heard of that yet - maybe you should sign in to your PayPal account & actually read all their information - then you'll know how it works properly.
You probably should have read the information before signing up, just in case a bank account is NECESSARY when you want to take out the cash!
good Luck.




