Paypal works like a charm no fee for receiving or withdrawing money..i love it
By kishoreluvu
@kishoreluvu (42)
India
April 12, 2012 12:11pm CST
there are many sites which charges for receiving money and withdrawing to bank account...but paypal is the best site its is not like alertpay which cuts 6.5% of the received money as fee.....alertpay sucks, paypal rocks.... 0% fee for receiving and withdrawing money...!
1 person likes this
3 responses
@kishoreluvu (42)
• India
12 Apr 12
yeah i do agree with you..previously paypal charged 50 rupees to withdraw the money. But now they offer auto withdrawl option..Your minimum balance need not be 10$ to withdraw. Even if you have 1$ in your account it will be auto withdrawn to your bank account...Paypal has made many updates.
@kishoreluvu (42)
• India
12 Apr 12
and that too with zero fees...
Note: Your account type should be PERSONAL type to have no fees
@cadguy08 (1224)
• Canada
12 Apr 12
This is not true, I disagree with you. Paypal always makes money out of Customer like us. I usually send money to my nephew and charges $1 plus. Then when my Clients send me money for payment they charges me $15 or more when Clients sent me $500 as payment then when I withdraw the money they convert from US dollars to Canadian dollars it went down so much. That $500 becames $478 only so you see instead of making money it was reduced dramatically, losing $22 instancely.
@wittynet (4421)
• Philippines
20 Apr 12
I think you're an exception! You're lucky! There are fees in all transactions. I just checked PayPal website because I answered one discussion about it. I also checked the fees. They're all there. You may want to check https://www.paypal.com/ph/cgi-bin/webscr?cmd=_display-withdrawal-fees-outside .
@wittynet (4421)
• Philippines
20 Apr 12
I forgot to check your attachment. It's your payment from PayPal. Yes. There's no fee. In my case, I am also receiving payments from PayPal without any fees. The fee will be applied if you are going to send your payment to your bank account. This is one of my payments from PayPal.
Sent by:
myLot (The sender of this payment is Verified)
Payment sent from:
----------.com
Payment sent to:
-----------@yahoo.com
--------------------------------------------------------------------------------
Business Contact Information
Customer Service URL: http://www.mylot.com
Customer Service Email:
----------.com
--------------------------------------------------------------------------------
Amount received:
$10.20 USD
Fee amount:
$0.00 USD
Net amount:
$10.20 USD
Issue a refund
You have up to 60 days to refund the payment.
--------------------------------------------------------------------------------
This is the same with what you received.
@Myptctips (66)
• India
14 Apr 12
I'm from India as well and i really like Paypal when i use it to receive payments.
But the worst thing about Paypal for Indian users is that there is no way for the person who is receiving funds from you to skip the fee.
As we can send payments only via credit card and debit card paypal charges a fee of 0.30$+3.90% for every payment we send.
For example if i send 1$ to a person he'll receive only 0.65$ :(