So Finally PayPal resuming Bank Withdrawals to India , but What Purpose Code ..?

India
March 4, 2010 8:37am CST
PayPal has finally resumed the Bank Withdrawals to Banks in India and it is a big relief for myLotters from India . However there are certain purpose codes which have to be selected for giving the reason for withdrawal . Now I am somewhat confused about what purpose code will be right to use for withdrawing the earnings from myLot , PTC's , Microworkers etc. ? If anyone here on myLot from India has made a withdrawal request can help other members through this discussion to let other members have an exact information. Though I will be sending a customer support request soon to PayPal but it would be good if any fellow Indian has started the process already . Thanks.
6 responses
@rachel999 (210)
• India
4 Mar 10
Hi Champ, So far the story goes like this, Purpose Code is for people having business account, to get your purpose code, you can directly write to paypal or visit their blog https://www.thepaypalblog.com/2010/02/resuming-local-bank-withdrawals-to-india/ , if you want more details of how to use the purpose code and withdraw your money, you can try this link http://www.quickonlinetips.com/archives/2010/03/paypal-india-purpose-code/
• India
4 Mar 10
rachel , Well As I am working on sites and I get money and now I want to withdraw so Can I choose any purpose which is listing in paypal ? and If I will choose purpose so will I have to show any document to my bank related that purpose which I will choose , if yes so How I will show because You know that we all are working on many PTP , social sites and how I can show any paper which we dont have. Some body said that We need to show paper if transcition will be over 50000 rs . Is it right
• India
4 Mar 10
Thanks Rachel , I have been constantly keeping a track of the PayPal blog since all this ruckus started . Actually I am confused just between 2 codes for the online earnings category . So I will be waiting for some more time for things to get more clear . This is indeed a good step by RBI to restrict money laundering . Thanks for your response .
• India
5 Mar 10
Hi Champ, I totally agree with you, RBI had to put a stop not only to money laundering but also to the increase of frauds account in India, this had to happen one day, if other people of same nationalities do mistakes, we surely have to pay for it sometimes. I am a Indian and I am proud to be one, but sometimes our fellow bothers do enjoy playing fraud games and we have to pay for those consequences. Paypal may take time to resolve but will surely resolve this issue anyhow.
@SACHIN2708 (1634)
• India
4 Mar 10
Ok well yesterday I have seen in paypal that they had removed Bank withdrawl option and today I have seen that bank withdrawl option is available but card withdrawl option is invisible . First Cham I think You are from India plz tell me that see I have premier account which is unverified and now I want to withdraw so which purpose I should select on paypal . and Paypal replied me That I can withdraw on debit card also but must have Visa logo but I dont have any knowledge about debit card like How to withdraw from paypal and How I will know that funds will be add in debit card and how to withdraw. And one thing why Money vision takes much time to pay plz answer all question.
• India
4 Mar 10
Oh Yes off course Sachin , I am from India and my USER ID is [champ - rocker]. Well as far as withdrawal is concerned , you can very well make out that I have started this discussion for the sole purpose of eliminating the confusion on PayPal withdrawal by any fellow mylotter who has proceeded with the withdrawal process after PayPal has started the Code thing. I am also trying to get the correct information asap . Regarding Card withdrawal , I am not sure because I have not used this option myself . You can get your PayPal account verified through your Bank . PayPal will send two amounts to your bank account and when you will submit hat information in your PayPal verification process your PayPal account will get verified. As far as Money Vision Forum is concerned , I am not at all active there . Regarding Earning palace I can say that they take almost 3 days for cashout , so wait patiently for 3-4 days , payment will be made . I was paid in 3-4 days from EP . CHAMP ROCKER
• India
4 Mar 10
Ok cham I know about verify paypal account via bank account . well I sent My questions to paypal and As soon as I will get answer, I will post here to clarify each and everything .
• India
4 Mar 10
I'm also trying to withdraw to my bank account from paypal. i had sent paypal asking what the purpose code is and waiting fro the reply . i vl post that reply here after i get a reply . I'm from INDIA..
• India
4 Mar 10
It is indeed good that you have asked PayPal customer care about this Purpose Code . I am also waiting for things to get somewhat clear before making a withdrawal. Thanks for your response .
@eshaan (6188)
• India
27 Mar 10
yes, the problem is over and i selected the purpose...something like business and...something was written...i don't remember exactly what it was ...but i selected that and i have got payment successfully in my account... i am happy that i trusted paypal always and they have proved themselves right and genuine...otherwise the upbux site had taken the advantage of the problem and tried to prove them scammers....who themselves scammed so many people.
@Tina83 (1223)
• India
5 Mar 10
I have gone through the purpose code and I feel that the first point i.e Content and Journalism is the best,in that we can choose the Blogger option but yes a thing told my fellow mylotter here that if he/she indulges in data entry or software related jobs also then it will be a great problem as in our paypal account money will come from different online sources and it should be solved soon.
@dreamhome (558)
• India
18 Apr 10
I think you do not have to type in any purpose code while withdrawing your money..Just select the option that best suits you..that is it..no need of feeding any code..