hi got reply from paypal reg change in TOS in india
@onlinetraveller (473)
India
February 17, 2011 9:23pm CST
i have send a mail like below
message: 'hi
i have a doubt regarding recent updates in TOS in india
if i have less than ##$ balance in paypal what will happen to it
can i with draw to my bank account
thank you
below is the reply i got
Dear
Thanks for contacting PayPal. I appreciate the opportunity to assist you
with your questions.
According to the RBI guidelines starting March once you have money on
your account you should transfer it your bank once you have receive a
confirmation from us. Meaning even if it is less than $10.00 you can
withdraw it to your bank.
Thanks for sharing your concerns with us. We value what you have to say,
and we know situations like this can be difficult. If you have more
questions, visit our Help Center by clicking "Help" in the top right
corner of any PayPal page.
Sincerely,
Meriam
PayPal, an eBay Company
Copyright© 2011 PayPal Inc. All rights reserved.
Consumer advisory: PayPal Pte Ltd, the Holder of the PayPal™ payment
service stored value facility, does not require the approval of the
Monetary Authority of Singapore. Consumers (users) are advised to read
the terms and conditions carefully.
2 people like this
5 responses
@amar_sandy1987 (1876)
• India
19 Feb 11
then its good for us to transfer the money to our bank account and one more thing is their any charges or some thing like that to transfer our money from paypal to our bank account
@onlinetraveller (473)
• India
19 Feb 11
defiantly there will be charges better to contact again for this issue
1 person likes this
@amar_sandy1987 (1876)
• India
22 Feb 11
so can we keep our money in pay pal or is their any limit we cannot keep more than that amount? and do you know about the charges how much they charge us for transfering the money from paypal to our bank account
1 person likes this
@onlinetraveller (473)
• India
22 Feb 11
paypal will confirm by mail then you need to withdraw your amount
1 person likes this
@akp100 (13640)
• India
18 Feb 11
Hi their..
Thanks for giving valuable updates.. Now its all clear. Because of that we shouldn't transfer money to our paypal below 2$ .. otherwise it will be ended in zero. So better keep that thing in mind..
Or hope paypal will not take any fees.. so people can even withdraw 1$.
Thanks for giving valuable updates.. Now its all clear. Because of that we shouldn't transfer money to our paypal below 2$ .. otherwise it will be ended in zero. So better keep that thing in mind..
Or hope paypal will not take any fees.. so people can even withdraw 1$.1 person likes this
@onlinetraveller (473)
• India
18 Feb 11
hi akp agree with you
you must withdraw after conformation from them
@thesids (22180)
• Bhubaneswar, India
18 Feb 11
Hi onlineTraveller,
Thanks for the info. That reminds me that I am yet to get my responses from them. But as is evident in the email from them to you, we are going to be in a more messy situation because they will make more of the Service charges (the fee to transfer to our banks @Rs. 50.00)
@onlinetraveller (473)
• India
18 Feb 11
hi sid it is a disappointment for online earners like us
lot people will lose faith on online earnings
@sajeevking (5073)
• Mumbai, India
27 Feb 11
Hey thank for this valuable info i was confuse about it before but now i think all we got to do is earn more than 50rs like if we transfer 2$ then we would only get
40 rs or so
that would be really bad
i think they should have only made it necessary to transfer it to our bank when it reach above 10$ that would have help us a little 
@onlinetraveller (473)
• India
22 Mar 11
i tried to transfer amount less than 10$ but it is not working
paypal is same as before now
@onlinetraveller (473)
• India
18 Feb 11
they will sen an e mail to withdraw you needh to with draw with in 7 days after that
