When Do You Usually Withdrah your Money From Paypal to Your Bank Account?
@lordcaocao2025 (4098)
Indonesia
November 6, 2009 11:36pm CST
Well the question i wanna ask is, when you start withdrawing money from your paypal? Do you wait until your money reach a certain amount, or are you doing it regularly at certain date every month. Also how long usually the transfer take time from your paypal to your bank account, and how much it cost?
As for me, i usually wait until i reach $40 before i withdraw money from paypal. Since the cost of transfer is pretty expensive, it is about $1.6 ( considering i don't have much money in paypal ), so i don't want to spend hard earning money from the net to transfer fee, so i wait at least until i reach $40. Also the transfer from paypal to my bank account mostly take about 5 working days.
How about you?
2 people like this
14 responses
@elenyae (388)
• Australia
7 Nov 09
I take out money from Paypal every time I hit $75 or $100. I also shop on eBay with that money though, so it may take a little longer than it would if I didn't spend all my hard-earned Paypal earnings on clothes! xD The fee to transfer to my bank account is only $1...so technically I only transfer when I hit $76 or $101. I like nice round numbers. xD
2 people like this
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
Well i actually never buy something in E-Bay, i don't know why, it just i am afraid the shipping fee will cost a lot, so i prefer do online transaction with merchant from my own country. Well, i also like that kind of number, but i am afraid i will not able to wait for money to reach that point. Thanks.
@balacancer22 (1148)
• India
8 Nov 09
Ya i do wait for a certain amount that is whenever i get the pay check from mylot i withdraw it and deposit it in my paypal account..i have doe it once and i do hope to do it again..i dont care about the cost that they are taking as a charge to transfer the funds and i do it whenever i get the money from paypal..this has been a routine for me since two years and i'm trying to change the routine but i'm not able to since i'm getting tempted whenever i see funds over than $10 dollars in my account and i immediately transfer the funds to my bank account..
Happy Mylotting
@balacancer22 (1148)
• India
8 Nov 09
The Transfer fee for any bank account in India is $2dollars..thats a good question and how much do they charge in your country..?
1 person likes this
@lordcaocao2025 (4098)
• Indonesia
9 Nov 09
Well actually the transfer fee for my country is less expensive from yours, but well, at least for my bank, i don't know about the other bank. The transfer fee at my place is $1.6, and the transfer take about 5 working days. It is quite long actually. How about you, how long the transfer take times at your place. Thanks for responding this discussion.
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
o i see, so you just transfer your money to your bank account whenever you receive any money then. How much it is actually the transfer fee from your paypal to your bank account. Anyway, thanks for sharing how you deal with money on your paypal with us. THanks.
@suspenseful (40192)
• Canada
7 Nov 09
I transfer money from Paypal to the Bank Account when I reach at least $20 but it usually is a little over $30 at that time. I do not make that much on the net, so I would be waiting for half a year if I waited until I got $50 or so. We have a 50 cent cost per transfer here if it is under a certain amount, but in order to get that I have to wait for a year a so and it takes five to seven days, although in most cases it is around five days for the money to appear.
1 person likes this
@suspenseful (40192)
• Canada
8 Nov 09
I have not figured how much I make a month or in two months now. But I know now it takes longer to get as much as it did a year ago. i do not know whether myLot wants us to make longer discussions and comments or whether I am so busy with life that I do not get here as much as possible. I do know that I want to write some articles and that will probably mean that I will not be here as often.
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
Well yes, but since now there is mylot i think you will make more money since with my lot, you can earn about $19 in two month. At least that apply to me, and i don't even have any active referral. And wow, your transfer fee actually more cheaper then me. Thanks for responding.
1 person likes this
@o0Tora0o (355)
• United States
7 Nov 09
I usually withdraw funds from my PayPal account as soon as they arrive. My Personal PayPal account is enrolled in the Money Market Fund, but its returns are horrible right now so I have no real reason to allow my balance to sit for very long. Instead, I just withdraw to my savings account, since the interest it pays amounts to more than PayPal's dividends could ever hope to.
1 person likes this
@o0Tora0o (355)
• United States
8 Nov 09
It doesn't cost anything to transfer funds between PayPal and my bank account. As long as I have at least a dollar in my PayPal account, I just make a withdrawal request and it's deposited in my bank account in about 3-5 days.
As far as the Money Market Fund goes, you sign up to participate and PayPal pays dividends on your account balance. It's currently paying 0.08%, so it's not really even worth it. A year or two ago, the returns were a lot higher. Now, I just put everything I earn in my savings account, since it's paying over 1% interest on balances.
1 person likes this
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
O i see, so you just withdraw your money whenever you receive them. How much actually is the transfer fee between your paypal and bank account and also can you tell us mroe about the money market fund you were talking about because it is new to me. Thanks.
@lordcaocao2025 (4098)
• Indonesia
9 Nov 09
O I see, it is very nice for you to have no transfer fee at all from paypal to your bank account. Anyway, thanks for the info about money market fund, but since it is not even worth it like you said, and i don't even have that much money in my paypal to make it worth, so i think i will not look further about it.
Thanks for answering my question my friend.
@haiershen (1080)
• China
9 Nov 09
i have never had experience for withdrawing money from my paypal to my banking account, as the money on my papale is only a little,in order to reduce the charge of handling, i would like to save it until $200, therefor, the change would be in zero.good luck and have a nice day!
1 person likes this
@lordcaocao2025 (4098)
• Indonesia
9 Nov 09
Well it is nice that you want to reach $200 before you withdraw it, but how much actually money that enter your paypal account per month. Because if it is so little and it would take a lot of time to reach it, i think you should withdraw the money first. It just make you feel secure. Anyway, thanks.
@Ingkingderders (3832)
• Philippines
7 Nov 09
I have not tried withdrawing my money from paypal.. I'm still waiting until I reach 100usd, that's when I'll withdraw. And I just recently applied for my internet card, I think I'll get it next week, not sure though how many days it would take for the money to be transferred and how much will be the processing fee... will still have to research on that. 
1 person likes this
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
O i see, so you still wait for the very first time you will withdraw your money from paypal. Actually how much money you earn from the internet monthly and how much money do you have now in your paypal ( if you don;t want to respond i am 100 % understand since it is actually a private question )? Anyway, thanks for responding to this discussion.
@Ingkingderders (3832)
• Philippines
9 Nov 09
not much really. hahaha. Since I only started earning online this year, I only have a couple of dollars in my paypal account.. though when december comes I will surely withdraw them as I need money to buy christmas gifts.
@cutepenguin (6431)
• Canada
7 Nov 09
Well, we used to need the money pretty badly, so a couple of years ago we would basically transfer it whenever there was $50. Now I am trying to accumulate a bit in there, but it keeps getting used up, argh.
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
Well what you used your money for? Did you used it to online transaction or investing thing in some internet making money business. Anyway, how much is your transfer fee from paypal to your bank account and also in which country do you live. Thanks for responding this discussion.
@chenxiaoyue_713 (2165)
• China
7 Nov 09
I usually withdraw my money from Paypal account when it reaches a certain amount, ranging from $20 to $50. It's no big money, right? The only online money making site I've engaged in is mylot, from which I can make a little extra money. But when I withdraw my money from Paypal account, I don't trasfer it the Paypal account to my bank account because it costs much in transferrence. Usually, I exchange my bucks in money exchange center which is an online service center helping people to exchange their money directly to whatever currency they want. It costs less and is secure.
1 person likes this
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
O i see, this is the first time i hear about that kind of site. Can you tell me more about the site, and please tell us also about the exact URL. Also how much actually the transfer fee from paypal to your bank account and in what country do you live. In my case, transfer fee is only about $1.6 which i don't is very expensive at all. Thanks.
@youless (112561)
• Guangzhou, China
7 Nov 09
I will withdraw my money from Paypal to my bank account when the amount is over USD200 as the transfer charge will be free. I don't want to spend much for the charge. So I have to be patient to withdraw money when the amount is large so that the cost will be zero.
I love China
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
O i see, this is the first time i hear about the news. So if you withdraw money and your money is $200 or more, then the transfer fee is free. Well although it is great, but i think i couldn't wait that long since it will take a very long time for me to reach $200. Thanks.
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
O i see, so you are like me who cannot wait long to have your hand feel the hard earning money from the internet. Also can you tell us the transfer fee from paypal to your credit card account? And in what country do you leave since i think most of the country have different transfer fee. Thanks.
@Rakshas (223)
• India
7 Nov 09
the minimum amount to withdraw in paypal is 50$.It is high to earn but if you need some help in earning please be my friend i have some genuine sites in which you can genuinely earn money and get paid directly in paypal so that you complete $50 as early as possible.Thanks.Have a great day.
1 person likes this
@nijolechu (1842)
• Canada
7 Nov 09
I just have to wait for the amount in my Paypal account to reach a high dollar amount like $100 before I can withdraw it. I also have to check the exchange rates too since I am not from the U.S. I do this because paypal charges a conversion rate fee so I wait till the amount is high to minimize the expense of withdrawal.
1 person likes this
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
O i also not live in us and US $ is not my currency but still i withdraw them every $40 since it will takes a long time before i reach $100. Also the transfer fee is only $1.6, so it is not very expensive actually. Anyway, thanks for responding to this discussion.
@parminders30 (337)
• India
7 Nov 09
Hi friend.According to me i usuall withdraw money from my paypal account when it reaches $200.It is my lucky figure and i always withdraw when i reach it.
1 person likes this
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
Well to me, that much of amount is big. I hardly reach $40, so to wait to reach $200 takes four times my usual wait. How long actually you wait until you reach that much, and what program do you do to reach that much money. Anyway thanks for responding to this discussion i also hope that you will answer my question. Happy mylotting my friend.
@randylovesdar (4932)
• United States
7 Nov 09
I transfer every time there is money in there because there is always so little. I am using the money primarily for Christmas shopping. Also, I am not sure if they do this anymore, but there was a time when Paypal had given you a card that you could use to withdraw money or use as a prepaid card. Does anyone know if they still do this? My paypal account is linked to my checking account
@lordcaocao2025 (4098)
• Indonesia
8 Nov 09
Well i actually never get this card, but i don't since i use paypal less then a year. Do you ever receive the cards? But i don't think the card will do me any good since i don't see any paypal office in my country. Anyway, thanks for responding to this discussion.
