Want help to withdraw from paypal. Please?
By Yogesh2708
@Yogesh2708 (454)
India
February 12, 2012 5:26am CST
Hi happy mylotters! Good afternoon. Sorry if I am wrong but its afternoon here in India. Today I want your help about withdrawing my first payout from mylot to paypal and paypal to my bank account. I have following queries please try to answer them briefly and in simple language. Please answer me only if you are 100% sure because I've read lots of answers to my questions in previous discussions but they made of confused which lead to start new discussion here.
First off, I must state here that I am Indian citizen, as RBI has rev new guidelines to Indians and at that time I was really confused hearing different guidelines from different mylotters! So I expect more answers from Indian looters who have withdrawn from paypal to their bank account/via cheque after new rules of RBI to paypal for Indians. Following are my queries.
1. Currently now I am on 9.99 $ in mylot so I am going to paid this 15th of feb. I've submitted my paypal email to mylot, I forgot that if mylot needs confirmation or not. Does it? If it needs confirmation, I don't know if I've confirmed my paypal email to mylot or not, how to check it? But I am pretty sure that I have confirmed my email while registering at mylot and my paypal email and email used in mylot is same.
2. I've given short address of mine in mylot, would it create any problem while transferring from mylot to paypal? Does mylot must need complete address to transfer earnings to paypal?
3. When I login in paypal it shows me notification that your account has limited access when I click on it,it shows list of things which I can't do due to limited access. I've not submitted my bank account number to paypal, if I submit it then will I face same problem of limited access anymore?
4. Can I get my mylot earnings transferred in paypal account due to limited access?
5. Do paypal needs confirmation of bank account information? If so then how to confirm it?
6. I am registered on paypal on my fathers name and whole account details submitted is of my father. I've also given PAN card number to paypal which is on my fathers name. So if I submit my bank account number then would it create a problem? Or I must give my fathers bank account number to paypal?
7. At the end of January I had earned 8.48$ in mylot so I can get this much amount in paypal. But does paypal has minimum withdrawing amount to withdraw via bank account? If yes then what is minimum payout limit?
9.How much would I get charged if I withdraw via bank account.
10. If everything goes fine then how long would it take to get my earnings transferred to bank account?
11. If I withdraw via bank account then would I have to request for payout or paypal will automatically transfer my earnings?
12. If I withdraw via cheque what would be minimum payout limit and what details I would have to submit to paypal in addition? How much fees would paypal charge me and how long would it take to receive cheque.
12. Which are the 'working days' for paypal?
13. My father is hesitating to give bank account details to paypal as they don't know anything about internet and he is afraid of misusing bank account details. Have you ever heard that paypal has scammed peoples or has ever misused bank account details. What is your personal experience with paypal?
Please state if I am missing something to submit at paypal due to which I can't receive earnings from paypal.
Sorry for lenthy discussions and list of questions. I don't want to delay my earnings to get transferred to bank account till 15th of march in any condition. So please try to answer all the questions. I would be very grateful to you for helping me.
Have A Nice Day!
HAPPY MYLOTTING!!
2 responses
@SpikeTheLobster (6403)
•
12 Feb 12
Blimey, that's a lot of questions. You may need specifics from an Indian myLotter but here's what I can help with:
1. You can check your PayPal ID used by myLot through the 'Preferences' option at the top, then 'Payment information'. You don't need to confirm anything as far as I recall.
2. Address is almost irrelevant. Mine just has my town in it and I've never had trouble.
3. Bank account verification lifts most of the PayPal restrictions, yes.
4. Yes. Limited PayPal accounts can't transfer money OUT but they can accept money coming in. Indian rules may differ because of the automated transfer thing.
5. Yes. Follow their instructions. It's usually just entering the details, they do a test transfer, you tell them how much the amounts were and it's verified.
6. I don't think it would be a problem but you'd have to check. They might want his bank account details, not yours: that will probably depend on the specific rules for India.
7. You only get a myLot payment from $10. I have no idea how the automated transfer works (you'll need an Indian for that one!).
8. You missed number 8. Hehehe!
9. No idea. Usually nothing, assuming it works the same in India as here in the UK.
10. Normal bank transfer times: here it's 3-5 days.
11. Either, I think. In the UK, we request but India has that whole automated thing running.
12. No idea.
13. No, never. There ARE incidents when a PayPal account is hacked (usually through a keylogger/virus/malware on the person's PC) but there are routes you can take to recover funds in those cases. I've never had any trouble with them, personally.
As for anything else, I'd suggest you read their terms and FAQs - absolutely EVERYTHING you have asked here is answered on their site. You just need to find it or ask them.
1 person likes this
@yanzalong (18988)
• Indonesia
12 Feb 12
NO. 12. Mylot's payment is only made via paypal. There is no check withdrawal. As
SpikeTheLobster has said, you'd better reread their terms and FAQs. All are stated there, bro.
@Yogesh2708 (454)
• India
14 Feb 12
Thanks Lobster a lot for providing me quick and detailed information.
@sanjeevking I didn't miss no 12, I missed no 8.
@sajeevking (5073)
• Mumbai, India
12 Feb 12
That's a lot of question yogesh anyhow i would try to do my best
1) as you have reach 10$ mark today you would be paid before 15th march2012 and not on before 14th Feb
2) well no problem here short address would do fine, but why not provide our complete address
3) As your account is limited why not verify it by linking it with your bank the process is very easy to do
4) well as you have a month time now why not verify your paypal account i think you might have problems
5) yes, our bank account a/c can be linked easily, paypal would make two small deposit to your account and you then need to confirm it by submitting the same info with paypal
6) use your dad's bank account
7) take a look at point 1 you won't be paid this month, anyhow paypal doesn't charge us anything and our balance is auto withdrawn free of cost (only for Indians), there is no minimum amount
8) same as SpikeTheLobster said above
9) It free
10) well paypal auto withdraw our fund within 7 days
11) Automatic no need to worry here
12) we can't do this, there is no option now
12) 24/7 365 days a year .. hmm why is 12 twice
13) Paypal is safe to use no problems here, people get scammed sometime if some how hacker get access to paypal id and password that's why people often hide there payment email while showing payment proofs
well there we go i tried my best 
9) It free
10) well paypal auto withdraw our fund within 7 days
11) Automatic no need to worry here
12) we can't do this, there is no option now
12) 24/7 365 days a year .. hmm why is 12 twice
13) Paypal is safe to use no problems here, people get scammed sometime if some how hacker get access to paypal id and password that's why people often hide there payment email while showing payment proofs
well there we go i tried my best 
@sajeevking (5073)
• Mumbai, India
12 Feb 12
wait for 4-6 days it would be better. they would just deposit two small amount under 1rupee or less than that and then you have to login to your papal account and enter the same. and within few minutes your paypal account would be verified
@Yogesh2708 (454)
• India
12 Feb 12
Thanks a lot dude.
Your answers are very useful for me.
As you said me to add my fathers bank account number, I did it and paypal said'check your bank account in 4-6 days for two deposits from paypal. Login to your paypal account and enter the amount' and at the top 'paypal sent you two small deposits to your bank account' was written. means I can check the deposits tommorow or after 4-6 days? and how much deposits do paypal sends generally. I think amount must be very smsll.
Thanks once again.
@ashvinspatel (84)
• India
14 Feb 12
In my case they deposits in one day, ensure which one is first and second. And enter in correct sequence.
For Indian paypal not keeping money in paypal account, they immediately send to yr bank (with in 1 or 2 days). It takes 3-4 days for credited in bank account after they transferred to yr bank account after currency conversation. They mail for all activity of yr account.
Some payment you received need to accept, ( accept or reject drop dawn present in same line of yr amount received.)
