what's the minimum cash out in paypal?
By flagella08
@flagella08 (5065)
Philippines
May 17, 2009 6:35am CST
hello my lotters, i wanna wait for the responses of this post for im planning to get clod cash from paypal. is there a mimimum withdrawal there? i've heard some have difficulties on the withdrawal in paypal. what are the possibilities. i reall want to get the cash this time.thank you for those who will extend their help on giving tips.
3 people like this
20 responses
@lingli_78 (12822)
• Australia
18 May 09
i don't think that there is a minimum to cash out in paypal... but they charge you a fee if you withdraw below a certain amount and it really depends on the country where you live... just check it out from the site... it usually tells you straight away how much fee they will charge you for a certain amount of withdrawal... good luck... take care and have a nice day...
1 person likes this
@maikarumike (457)
• Malaysia
18 May 09
No minimum cashout for paypal.its like a bank just that you will be charged usd5 for each transaction i guess and maximum capped at 500usd per day and thats all i guess...Just keep it as long as you can and use it when you need it...that would be the best way like a bank it works.
1 person likes this
@arkasen (748)
• India
18 May 09
There is no minimum amount for withdraw. You can ask for withdraw at any moment. But they have some fee for it. So your balance must have to be getter than that. As they will deduct the amount for processing. For US bank transfer there is no fee so if you are transferring your money to a US bank then you can transfer any amount. For check and card transfer I think the fee is $5 so in that case your balance must be greater than that.
1 person likes this
@sophie_dfuss (2365)
• Philippines
17 May 09
Hello flagella08
I am from the Philippines and I have a Paypal account as well like you. My Paypal account is verified. Withdrawing money from your account and transferring it to your local bank takes 5-7 business days (excluding Saturdays and Sundays). There is no minimum amount you can withdraw from your account but there are recurring fees:
Withdraw: Free for P7,000.00 PHP or more, P50.00 PHP for P6,999.99 PHP or less to bank accounts in Philippines
https://www.paypal.com/ph/cgi-bin/webscr?cmd=_display-fees-outside
If your account is unverified, there are some limits to your account and if you want to be verified like me, this is the limit for my account:
Credit or debit card daily withdrawal limit is the maximum amount you can withdraw to your card each day. Your daily card withdrawal limit is: $500.00 USD per day
I hope these informations will be helpful for you. Happy myLotting!
1 person likes this
@arkansos (545)
• India
17 May 09
Well, there are charges in certain countries. eg: in India, it costs 50 Rs for withdrawls of Rs 6000 or less, free for higher. Its free in the US. This is for bank wire transfer, that is
If you take a cheque, they charge you 5$ point blank.
No minimum payouts though. If you take a cheque though, you obviously need to have a minimum of 5$ in your accoun that they can eat
1 person likes this
@hotsummer (13837)
• Philippines
17 May 09
i think it is $5 minimum withdrawal. for withdrawing in your bank account.
1 person likes this
@mhae15 (744)
• Philippines
17 May 09
If I remember it correctly I think the minimum payout for the unverified paypal account is only $500 a month. If you want to raise that limit you need to verify your paypal account. If you're planning to withdraw less than $500 you can definitely cash them out. Have a nice day.
@agrim94 (3805)
• India
17 May 09
No i dont think there is any minimum payout with pay pal as have transferred even 0.22 cents from one of my friends account but i was reading their terms of services and i found that if you withdraw less than 7500 rs ( for indians)to your bank ie about 150 dollars then it would invite some charges but if the money is more than 150 dollars than it would be done for free. So please read the terms of conditions in what ever country you reside as their policy may change from country to country so check out for your country.
1 person likes this
@dianmelydia (2269)
• Indonesia
17 May 09
First you must have your paypal verified in order to be able to make withdrawal of your money. I think it depends on what kind of withdraw method you use. If you want to withdraw it directly to your bank account, i think the minimum amount at least is $10. You can check the withdraw policy on paypal site. They usually have different policy for current countries. But if you want to withdraw by cheque, the minimum amount should be greater, it also takes more time to process, and higher fees. Good luck and have a nice day. Happy mylotting.
@tuni902 (483)
• India
17 May 09
As Per my Know ledge is Concerned the the PayPal Have minimum Limit of $10 to withdraw and the Amount below this Could not be Processed, Further More Details you can Contact to the PayPal Staffs or can check the Site of PayPal to get some relevant Data...
Keep Smiling and Happy myLotting.....
@sweety_81 (2124)
• India
18 May 09
Hi ,
The minimum Payout on Mylot is $10 .One cannot get paid by Mylot unless one reaches at least 10 US Dollars .
After that ,you may also set higher limits like $25 , $50 etc
Regards
@bamrahkirti (1821)
• India
18 May 09
The mimium amount you can withdraw is $10 i.e.if you have an amount less than $10 then you cannot withdraw it from your paypal account.
There are charges for withdrawing the amount.If the amount is less than Rs.7000/- i.e.$140 approx then there is a levy of $1 and if the amount is more than $140 then you can withdraw it without any charge.
@chillpill90 (1936)
•
18 May 09
well here in the uk i think its like a minimum withdrawl of £5 if you want to be sure go on paypal and i thin you cn email them or look in the help section.
@pete123456 (9)
• Czech Republic
17 May 09
there is no minimum cash out, but you have fees for withdrawal(concrete amount depends on country). And they are sending money only on account with your name.
1 person likes this