Please help me dear about in Paypal
By SACHIN2708
@SACHIN2708 (1634)
India
December 8, 2009 11:11am CST
Hi friends I am from India and I have questions about paypal so plz let me know abot that and answer all question point to point .I will be thankful to you....
1- I know that if I will not verify my paypal account so I can withdraw only $500 per month ,this is limit and if we want to exceed this limit so we have to verify so I want to ask that for example if I have $390 or any amount less than $500 so can we withdraw whole $390 or we have to leave some amount in paypal account.
2- I know that if I will verify account by bank details so I have to add my bank details and then paypal will deposit very small two amount $0.023 and $0.034 and when I will get statement from my bank so I will be able these entry so then I have type secret code so First what will be secret code ? is that 2334?????? and where I have to type in paypal accont ,I hope I am making you understand my question
3- Suppose I will withdraw today so how much time paypal will take to deposit that amount into my paypal ? and how I will know that I will get my funds in my account
4- I have account in state bank of India and I had just filled my details in paypal .so will I have to apply anything in my bank for receiving funds from paypal
Friends please I hope You all will give my answer and clear my all confusion .Thanks again
1 person likes this
5 responses
@aeroomkar (191)
• India
8 Dec 09
Hi,
1. You can withdraw full amount(less than $500) you have in your account. There is no min. balance you have to maintain.
2. You can not verify your account via your Bank details from India. To verify your account you need to have a Credit card.
3. It depends on your bank. It will normally take 4-7 working days for a private bank like ICICI. Not sure about State bank.
4. No you dont need to apply anything in your bank. PayPal will do all the work as it is collecting a fee from you.
@badman006 (224)
• India
8 Dec 09
i think we can verify with bank details also.i am also getting an alert of limited access and not able to withdraw .now i am going to ask my bank for the info. Other than account no. Asked in paypal to verify it.
@aeroomkar (191)
• India
8 Dec 09
No you can not use any Indian bank details to verify PayPal account.
@SACHIN2708 (1634)
• India
8 Dec 09
How you can say that dear ,there is no mention in paypal that you can not verify through Indian bank details. and you mean I can withdraw whether it will be $250
@Baluyadav (3643)
• India
8 Dec 09
hi,friend.
1]There is no need to leave balance in paypal..even with last penny also you can transfer.
2]you not mention secret code..that is for americans..
3]It will take roughly 7 days to credit into your bank account.
4]There is no need to inform to our bank staff.
Have a nice time and all the best.
@SACHIN2708 (1634)
• India
8 Dec 09
So dear if I want to verify through bank details not by credit card or any type of card so what I will do because I know it will be possible to verify by this method also . first dear answer this question and second dear I am indian and plz tell me how to make $100 to $150 per month ,I am in very poor situation hope you will help me as friend
@SACHIN2708 (1634)
• India
8 Dec 09
And dear now the time how much cost of 1 dollar in Indian currency and is there any way where I can check also but dear read my first whole comment and anwer me I am eager to know that what answer you will give to me
@vipulchawla (2220)
• India
9 Dec 09
These are very valid questions and I appreciate your effort in bringing them up.
1) I am not very sure, if that withdrawal limit is only for a month or for the entire life. But anyway, there is no harm or restriction in withdrawing the amount upto 500$ from a non verified paypal account to your bank account at anytime.
2) The code will be available in the list or you can get it from your bank. It varies from branch to branch. The link to that sheet was provided somewhere in paypal. will have to search for it.
3) I think you are talking about withdrawing money from your paypal account to bank account. It takes around 5-7 business days. However, in my case it was done in 3-4 days when I withdrew the amount from paypal to my credit card. So thats the maximum time.
4) You dont need to apply for anything in your bank. Paypal will just transfer the amount to your bank account.
@crazybubu (230)
• India
8 Dec 09
hey sachin,I'll try answering your doubts.
1.You don't need to maintain any minimum balance in your paypal account.You can withdraw whatever sum you have in one go.For each withdrawal paypal will charge a sum of Rs50 if the withdrawal amount is less than Rs 7000.Now suppose if you have withdrawn 500$ from your account,then you need to verify your account for further withdrawals.
2.For verification you need to have a credit card or a debit card(i think debit card is not accepted nowadays in India,me not sure).Yeah they will charge a nominal fee for verification and it will be credited to your account once the verification is complete.
You don't need to give bank details for verification of your account.You need to link your bank account so that the withdrawn money from paypal can be deposited there.Your bank account should be netbanking enabled and should have an IFSC code.
3.It took 3 days for my SBI account to be credited.
@badman006 (224)
• India
8 Dec 09
How do I become verified?
Just Add and confirm a Bank Account.We will send your account two small deposits.Enter these deposits the paypal website.Answer a quick confirmation phone call from our third party authentication service to validate your information, and you're all set.
Source Paypal Help Center.
