Withdraw money from paypal?
By neha_jain
@neha_jain (93)
India
December 31, 2009 8:31am CST
Is there anyone from india who has withdrawn money from payapal? I want to know how much time does it take to get the money and what all charges do they apply? Suppose if i transfer $10 form paypal to my bank account, how much will i get after deducting all the fee and charges?
3 responses
@babshish (1387)
• India
31 Dec 09
Hi Neha, Whenever you will opt for transferring money from paypal, it will show you the current exchange rate and the fees it is going to deduct for the transferring. You will get the clear details of your transaction and how much money will be transfered in your bank account. I did transfered the amount once from paypal to my bank account and all the details were very clear and I got the money in my account within 4 working days. It depends on the exchange rates what paypal is following. So just check and confirm, if you feel that the conversion rate is not good at this time, then you can also wait and cancel your transaction. Hope this helps.
@titan_90 (539)
• India
31 Dec 09
If the amount is below Rs.7000 (approx $250), then there will be a deduction of Rs. 50.Then there may be further deductions for tax (I am not sure about this).
If he amount is $10, then it is approx Rs. 450.(average rate used by Paypal that I have seen is around Rs 45 = $1).They will deduct 50 from it.So you will get something around Rs. 350 - 400.
(I have not transferred yet, I am just trying to give you an idea.A more experienced person will be able to help you better).