withdrawing money from paypal
By vathsala
@vathsala30 (3732)
India
February 25, 2011 10:48am CST
Dear Friends,
Since Paypal has sent me one mail,and according to it, they will give time upto 1st March for the Indian customers by which time they should withdraw their money and in future they should withdraw the money within 7 days of the amount credited. Now i wish to withdraw my money but since this is the first time i am going to withdraw the same, can u please guide me the correct procedure? i first logged in, clicked WITHDRAW, then withdraw funds to your Bank Accounts. Now it is asking the purpose of withdrawal. Here i do not understand which one to select. Please help me.
2 people like this
6 responses
@abhaijith (2963)
• India
26 Feb 11
Hi friend,
I made the withdrawal from Paypal just a week before. I think,it will be nice if you verify you Paypal account with your bank account.
So that there wont be any risk of any error in the account no that you provide.
Just make sure that you have the bank account in the same name in the Paypal. Otherwise you will have to pay a 250rs fee,for the transaction. And if the amount that you withdraw is less than 7000INR we have to pay 50rs for the transaction.
In the purpose column i filled, Freelance Journalism(That is what my Mylot friends recommended).
Unless you have verified the Paypal account make sure the Account no and IFSC code that you provided is right.
Hope you can get your soon. May god bless you.
@vathsala30 (3732)
• India
26 Feb 11
Dear friend abhaijith
I am really deeply indebted to you for your clear explanation. I will follow all the instructions you have given to me and inform you once i got paid. i was having a doubt that when i am not a journalist but a housewife, and if i select that column, whether i may face any problem. And since u and my another best friend Bindu advised me to take that option, then i will select that option only. Thanks once again for guiding me in the time of need
@vathsala30 (3732)
• India
4 Mar 11
HI VIJI
Thanks for your expert guidance. I thought verification is compulsory as this is the first withdrawal for me. Since you have withdrawn without verification, i will keep this point in mind and next i will also do the same .
@vathsala30 (3732)
• India
3 Mar 11
Hi piya
I too selected that option only friend and verified my account too. Let me wait and see when i am going to get credited. Thanks for sharing your views, friend
@vathsala30 (3732)
• India
4 Mar 11
Dear friend Piya
I am happy to inform you that i got my paypal money credited in my Indian Bank account. I have selected the option freelance journalism only as guided by you all. Thanks for guiding me in this matter.
@yugasini (12893)
• Secunderabad, India
25 Feb 11
hi vathsala garu,
how many dollars you have in your paypal account, i think i have more than 18 dollars in my paypal account,my previous paypal dollars are purchased my brother,and paid the indian currency to me,now the problem starts,so i have to transfer that funds to my local bank account,i too does not know how to transfer the same to my local bank account,mylot friends will tell you and guide you in this regard,have a nice day
@yugasini (12893)
• Secunderabad, India
26 Feb 11
hi vathsala garu,
thanks for the response,meeru chala guttu manishi,ante dachi pedataru,eppudu mee paypal account lo enth undi,nenu yemi mimmalni dabbu adaganu,bhayamu vadhu,what you will buy with this paypal amount to your hubby,my wife does not have this chance,because she does not know English to some extent,have a nice day
@maygodblessu44 (7336)
• India
26 Feb 11
Hello my friend vathsala30 Ji,
Well, last week I did the same withdrawl to our Indian Bank. Aftyer yiou are asked purpose of withdrawl, I tagged with travel items and withdrew. Money was sent to my bank account, but as I had two bank account updated with my Paypal, I wrongly quoted IFSC code, thereby money was send back to paypal as it mismatched (my account No. and IFSC code). So I advise you to be careful. Please check up finally, same name with correct spelliongs as in bank account, Bank account No. and IFSC code. I agree that it was not my first time, I have been withdrawing since four yrs now, I lost some 7 dollars by this transaction. All the best. Thanks.
May God bless You and have a great time.
@vathsala30 (3732)
• India
2 Mar 11
Dear Maygodblesu JI
I successfully got verified with Paypal by giving Bank details. Thanks for your information and guidance. I owe you for that. Without the help and guidance of Mylot friends, it is difficult to withdraw money from Paypal, for me as i am totally ignorant about paypal. Once again thanks, my friend
1 person likes this
@maygodblessu44 (7336)
• India
6 Apr 11
Hello my friend vathsala30 Ji,
So nice of you for your immediate and prompt positive comments. But our meeting is pending since more than a year. I am again here with my hubby in Indian Silicon velley since two days. Thanks.
May God bless You and have a great time.
@Professor2010 (20162)
• India
26 Feb 11
Vathsalaji
I had 11 dollars earlier, i got that to my HDFC account here, the charge was 50 rupees only. Next i had 10 dollars, this too is now in my bank, charges was 50 rupees only.
You must add your bank account in paypal account and 'PURPOSE' you give any, no problem at all
Thanks for sharing
Cheers.
BE HAPPY ALWAYS.
Professor ‘Bhuwan’. .
@vathsala30 (3732)
• India
2 Mar 11
Hi Bhuwan ji.
I have added my bank account in paypal and has been verified too and given the purpose as Freelance journalism as adviced by my friends in this discussion. I owe you all friends. Since this is the first withdrawal, and I do not know any thing about Paypal and no one to help me in my house or neighbouring places, i became helpless and worried but u all friends helped me to get my hard earned money successfully. I owe you for that
@vathsala30 (3732)
• India
18 Nov 15
Hi impanddy,
this thread was posted in 2011. Later on i have withdrawn several payouts from paypal. Anyhow thanks for your wonderful guidance
