Please help regarding paypal

India
June 7, 2009 11:45pm CST
What if I want to accumulate my earnings on paypal till a certain amount & then withdraw it because there is a fees to withdraw less than a minimum of INR 7000.Would paypal charge any fees or is it like my earnings would be collaps if I do not withdraw it within a certain time limit?
3 people like this
14 responses
@Tina83 (1223)
• India
8 Jun 09
no harm to keep but better to withdraw as in online you donot know when anyone will lodge a complain against your account, withdraw less that rs 7000 will cost u just 50 INR
2 people like this
@srganesh (6340)
• India
8 Jun 09
Yes!That is what I did for me.Losing RS.50/- will get your little money in your bank account.Why wait and risk the opportunity of not getting the hard earned money?In this scam and spam world,try to get whatever you can get safely without late.Cheers!
1 person likes this
• Hong Kong
8 Jun 09
Okay that's very true, I withdraw all my money from paypal, I haven't waited to the certain amount of money as well, as I also think the fee is quite reasonable.
1 person likes this
• India
8 Jun 09
I asked this for future as of now I just have less than 100 INR.lol.I was worrying if this also would collapse,I won't have anything.So I've started this discussion.
1 person likes this
@divkris (1156)
• India
8 Jun 09
Don't worry kherasakshi, paypal is used globally and so you don't have to worry about it. You can save your money in your paypal account and then withdraw them whenever you feel like it. However, it is only Rs. 50 (INR) per transaction that is less than INR 7000. So You can probably save upto $75-100 and then withdraw it. There may be a discrepency on their moeny exchange value - so just check on that. Hope this is of some help to you :)
1 person likes this
• India
8 Jun 09
yes you are right.Its not a big amount but I wanted to make sure about if I could accumulate it in paypal or not.If I withdraw 100 or 200 rupees & pay Rs. 50 for it then its better to wait for it to become a larger amount & then pay Rs. 50 for it.
@divkris (1156)
• India
8 Jun 09
yes you are right! but thereis nothing to worry about paypal - it is safe :)
@h8739182 (448)
• India
8 Jun 09
It is alright to keep money in paypal . Tomorrow if you want to buy something on the internet you can buy it with your money in paypal instead of your credit/debit card. You can even withdraw the funds in your Indian bank account. If the amount is greater then or equals to 7000 Rs there is no fee for the transfer. If you are an unverified member of paypal you can only withdraw up to 500 $ in a month. Once you become verified this limit is removed. I hope this answer has solved some of your questions. Take care.
1 person likes this
@srganesh (6340)
• India
8 Jun 09
The fee for withdrawing amount less than Rs.7000/- is Rs.50/- only.Above RS.7000/- withdrawal there is no fees.So it is up to you to leave it or withdraw it.As for me,I like to get any little money in my bank account.So,I just withdraw money from paypal last week getting deducted fees of RS.50/- for that.At least I have the money ion my bank account.Cheers!
1 person likes this
• India
8 Jun 09
I know about the amount of money to be deducted,I just wanted to know if it is safe to keep money there or to withdraw it.
@rberon1985 (5359)
• Philippines
8 Jun 09
Hi kherasakshi; With your concern, there is no problem if your not going to withdraw your money in paypal account. It acts as your online banking. In terms of withdrawing it, you can get it all if you are a verified member of paypal. But if you are still unverified, there is a certain amount that you can withdraw or there is a limit. There will be a fee if you did not meet the minimum amount to withdraw.You not be liable for any fees once you meet the minimum amount to be withdraw. hope this will help you. have a great day ahead
1 person likes this
• India
8 Jun 09
I am a verified user of paypal but as I haven't withdraw anything yet so I asked this question.
@HelloMickey (1655)
• Hong Kong
8 Jun 09
You can leave your earnings there and you can withdraw it until you want to.
1 person likes this
@lilaclady (28207)
• Australia
8 Jun 09
No I leave mine in my Paypal account until I either reach a large amount to withdraw or unless I want to buy something on the net that takes Paypal...you can leave it there..
@Zion007 (67)
• Philippines
8 Jun 09
You may leave your funds there and make the cashout whenever you want. Paypal is a trusted payment processor, I don't think they would let your account easily be hacked or lost...
@tosha33 (265)
• United States
8 Jun 09
Are you from the United States? If so paypal will not charge to have money put into your checking acct, but they do charge for checks.
1 person likes this
@anangf (1146)
• Indonesia
8 Jun 09
Hi.. Your balance in paypal account will not change unless you did not do something about your money. Then, be patient and relax to reach your minimum withdraw. It would not charge anything such tax or fee like in our bank account. So, your money in paypal will always increase from payment that submmited to you. have a nice days
1 person likes this
@oudine2 (147)
• Argentina
8 Jun 09
Keep your earnings there, and try to build up a good balance before requesting a check. You can try many different things to have a good balance, maybe forex, maybe having a website. Then when you finally have about 200 U$S or more is worth to ask for the check. Personally I have a goal of having some thousands in paypal, and I won´t do anything with the balance, so I have it as an extra account that someday mught be important enough to cashout a nice amount. Im planning to invest all the money that I generate in Forex, and then in Stocks. Good luck with your earnings!
1 person likes this
@Josh1230 (44)
• Canada
8 Jun 09
its alright to leave it in there... Think of it as a bank acvount that just does not collect amy interest! lolol
1 person likes this
@fheroan (615)
• Philippines
8 Jun 09
no..i did not saw that on there FAQ's...so you dont need to worry..:D
1 person likes this
@wisdomt (99)
• United States
8 Jun 09
It is perfectly fine to leave your money in Paypal.