This is for all Indian Users special regarding payment on myLot
By touchnshine
@touchnshine (2821)
India
April 15, 2007 2:59am CST
Dear Indian Users on myLot
I would like you to know about getting payment through Paypal .. U don't have to wait until $150 to go for withdraw funds option.
Procedure:
Go to the www.xoom.com then to the "Send Money" option and then follow the instructions it says. On a later stage u will be asked a funding source, you can opt for Paypal there, you will be then redirected to the Paypal site and will be asked to enter you paypal email address and password just fill it up and you are all set to complete the transaction.
Hope u have understood and if not then u can ask as many questions as much u like on this topic. I can't see Indians unaware about this and waiting hard to achieve $150 ... I will never wait for my Paypal account to reach $150 -- I don't trust Paypal much so I believe whatever is my balance just take it through xoom.
15 people like this
49 responses
@mvsrao (4365)
• India
15 Apr 07
Thanks friend for your concern . We knew about
http://www.xoom.com/ site earlier . And its
fees is high to withdraw little money ...
@touchnshine (2821)
• India
15 Apr 07
Hello
But atleast u will be safe that u will receive your money.. by Paypal .. cheque option u will always have a fear in your mind that u will get your cheque or not.. Some people used to wait for -- 1 month and some are waiting even more than 3 months with no cheque .. and if u withdraw money with Paypal they will take $5 instantly and send the cheque with local ordinary mail. I always withdraw my money through xoom and I am really happy with their service. Atleast I am safe that I will receive my money
@dellion (6698)
• Malaysia
23 Apr 07
There's another better option to make a withdrawals for paypal India account holder. Mostly with free transactions services. you may check out my recent topic on "Paypal withdrawals solutions" at http://www.mylot.com/w/discussions/1000128.aspx and my personal blog with the same topic. http://my-solutions.blogspot.com/
@touchnshine (2821)
• India
23 Apr 07
Hi
I will be glad if u explain it here :) .. please explain it here
3 people like this
@18101989 (700)
• India
23 Apr 07
WELL thanks for thew information but i do not use paypal if you do have any thing to say about e-gold please tell me i use e-gold and would like to know more about it if you can help me it would be so kind of you i am very new here and haven't learnt any thing so i do need help dear friend please help me
3 people like this
@touchnshine (2821)
• India
24 Apr 07
Hi
All Indians are using paypal and I am a bit surprised here that you are using e - gold .. don't know how it works .. but may be there will be anyone who is knowing more about it and will definitely help you .. I can suggest you .. create a new discussion about e - gold and if there is someone who is using e - gold will definitely help you :)
2 people like this
@Buchi_bulla (8298)
• India
4 Aug 07
Hai me again. I opened pay pal account. I may receive my payment this month. One more doubt please. If I buy through ebay, or other sellers, will there be any foreign exchange problem in India or Income Tax problem? Generally what people do? Can you please guide me?
1 person likes this
@Buchi_bulla (8298)
• India
4 Aug 07
Hello dear
I do not have credit card. What should I do then?
1 person likes this
@touchnshine (2821)
• India
4 Aug 07
Dear
I can only suggest you to get credit card .. otherwise you can operate your paypal account without credit card too but it will have some limits .. I am not sure of what are the limits. In the mean time you can apply for credit card.. it's easy to get a credit card.
1 person likes this
@touchnshine (2821)
• India
4 Aug 07
Hello Dear
Good to know that you opened paypal account .. Have you got it verified ?? It can be done through credit card .. It's better to make it verified .. if you have not done it .. it will have some limits on your account .. mine is verified. If you buy through ebay .. you won't have any foreign exchange of tax problem .. only thing -- you need to ask them how much the whole amount will cost you in dollars and they will let you know. I hope you know how to do currency conversion -- suppose you have 18 USD in your paypal account -- so 18 USD ( dollars ) = 724.140 INR ( Indian Rupee) .. I use this site for currency conversion -- http://pages.ebay.in/services/buyandsell/currencyconverter.html
You can also use it to know your exact amount in INR.
1 person likes this
@mdchennai (2129)
• India
16 Apr 07
Can you please help me out to get my payment. I just recieved payment from mylot to my Paypal account. My payment is 15$. Now how am i to transfer that money into my local bank account. In Paypal, they are asking mine card details to transfer the money. So if i give my debit card number to them, will i be able to get that money? If yes how much will i get? If no, then what should i do?
1 person likes this
@mdchennai (2129)
• India
16 Apr 07
No, i am not a verified customer. I should give my card details. Oh no, so i should wait till i reach 150$. If suppose i want to get through cheque then what should i do? Can you suggest me some other way to take the money instead of waiting for 150$
3 people like this
@touchnshine (2821)
• India
16 Apr 07
Yes I already suggested u dear. It's xoom.com .. See how it works : Go the www.xoom.com then to the send money option and then follow the instruction it says. On a later stage you will also asked a funding source, you can opt for paypal there, you will be then redirected to the paypal site and will be asked to enter your paypal email address and password .. just fill it up and you are all set to complete the transaction.
Hope u have understood !!
2 people like this
@touchnshine (2821)
• India
16 Apr 07
Hello
I guess u r quite a lot confused with Paypal. Tell me first are you a verified member of Paypal ? If no then get verified through Paypal .. just log into your paypal account and there u will see an option of getting verified -- for getting verified u need to enter your credit card details -- you must have added an credit card information on Paypal ?? If no then add it and then -- there is a get verified button -- which will say -- that $1 or more than this will be taken from your account and within 3 - 4 working days u will come to know about a number which is expanded user number of 4 digits I guess -- which u need to enter in the space provided to be verified -- u can check your credit card statement online -- or else u can call up customer care service after 3 - 4 days to know the 4 digit number for being verified. They will not be transferring your money online to your bank account to your credit card as this facility is not for Indians. Indians can either have to wait for Paypal cheque -- and have to make a minimum amount of $150 in their paypal account. I suggest you not to go for -- Paypal withdrawal money option in case u somehow make $150 in your paypal account. Go for xoom.com -- I have seen all Indians use this service to take their money out -- yes xoom takes some fees but still xoom is best as u know your money is secured and u will definitely receive your money. If u go for Paypal cheque option -- there is possibility that u might not receive it -- because paypal used to send cheque through very local and ordinary cheap mail which will arrive after exactly a months time or there is possibility that u won't receive the cheque.
3 people like this
@rb200406 (1824)
• India
16 Apr 07
Hi friend.I read about the payment in India.What i want to ask is if paypal is not going to send money through bank account thane what is the need of credit card verification?As i don't have one can i use credit card of any of my friend or relative for verification.Are they going to reduce the balance from the account.If yes, then from which account My paypal account or bank account.Also,xoon.com is going to send cheques which can be deposited into any account or do i need to open account for that.
actually i am still a little confused.I have to wait for the balance to happen 25$?
@touchnshine (2821)
• India
16 Apr 07
Hi
See u definitely need to have credit card because in my belief -- here in my lot to receive payment a member has to be a verified member on paypal .. and if paypal takes the amount of -- $1.88 or something then -- u will also get the money back in your account after u give out your expanded use enrolment number of 4 digits -- which comes in credit card statement or you can view it quite earlier if u are having online statement viewing facility for your credit card. I doh't think u should use credit card of any of your friend or relative because u need to write their name when signing up through paypal. In xoom -- they will send u cheque -- but u have to specify -- on which name u want the cheque -- Like suppose your name is Raj and u are having account in icici -- Then u will specify your name as Raj and then after receiving cheque just deposit it in your account -- you can also give out the name of your relative or friend -- if u are not having bank account -- when taking money through xoom.com
3 people like this
@sabareesan (84)
• India
23 Apr 07
can u say me what is the minimum payout in xoom.com and does they send by check or some other mode of payment if what method??pls help me regarding this...i m struggling not knowing how to get my paypal earnings??
3 people like this
@touchnshine (2821)
• India
23 Apr 07
Minimum payout in xoom -- $(dollar) 25 and I used to take my payment directly in my -- bank account .. also there are many other options like -- u can have cheque -- delivered to your doorstep .. they used to send it through Bluedart Courier.
3 people like this
@touchnshine (2821)
• India
28 Aug 07
You are most welcome my dear friend .. I hope you find my little information helpful :)
1 person likes this
@SimplyJo (1694)
• India
25 Aug 07
wow this is really great.thanks a lot for sharing such valuable info.. i was, infact looking for a safe secure way to get my money from paypal without reaching the huge 150 $ limit :(
i checked out the site. it's really great. so if you withdraw 25$ you get around 1000 rs, right ?
are you on any other sites apart from mylot - which r good to earn money online for international users ? if so, pls share :)
thanks once again for the great discussion.
1 person likes this
@touchnshine (2821)
• India
25 Aug 07
Dear Jo
You are most welcome and yes you are right .. if we withdraw $25 .. it means -- 1000 Rs. but dear -- www.xoom.com -- will also take their service charges .. so I will not recomment you to withdraw your money through xoom specially when the amount in your paypal account is not much .. I can suggest you to go for shopping through Ebay India. Logon to www.ebay.in and search out for the sellers who are accepting payment through Paypal.
@jayalaksmi (1039)
• India
25 Aug 07
Thanks for the information. It will really help not only indians but anyone who views your discussion. It is really a good idea to withdraw from paypal as soon as possible and get the payments. I had already heard of xoom but never tried it. Now i think i should try it. Your discussion was really helpful. Thanks for it.
@touchnshine (2821)
• India
25 Aug 07
Oh you are most welcome dear friend :) . In case you have more queries feel free to contact me
@subathra (3519)
• India
4 Aug 07
I have registered with xoom.com.I have the sufficient amount in my paypal account but the problem is my paypal account is not verified.I dont have a credit card but posses a International debit card but am unable to add that card to my paypal account.
Is it necessary to have a credit card to verify paypal account ? please help me.
@touchnshine (2821)
• India
9 Aug 07
Hey all the best to you with your earnings withdrawal through xoom :)
@touchnshine (2821)
• India
4 Aug 07
It's not necessary to get your paypal account verified but you will not have limits on your paypal account if you get it verified. You can only verify your paypal account with the help of a credit card -- International debit card won't work.
@touchnshine (2821)
• India
19 Jun 07
Dear atulperx
It's great to know that you are satisfied with the information I have provided you :) .. If you still need help I will be happy to assist you further.
@touchnshine (2821)
• India
26 Apr 07
Well you can go for shopping on www.ebay.in and look for the sellers who are accepting paypal .. if u think you don't wish to take your money through www.xoom.com :)
1 person likes this
@federickp (607)
• India
6 May 07
I knew about xoom but doubt its reliability. Is it reliable. Have you ever done a tracsaction? Paypal is trustable but i think i wont trust xoom unless i get some imput from someone who has already cashed out his money.
Thanks BYE!
@federickp (607)
• India
19 Jun 07
Thanks a lot for that info, but reallt speaking if xoom also cuts $8 for transferring amount , then i think $150 is not much to cash out from paypal directly!
@senthil2k (1500)
• India
25 Aug 07
I believe the fees to transfer the money from xoom.com is around $8 which I think is quite huge when you are transferring some amounts such as $20. Hope we can find some other means very quickly for us all.
1 person likes this
@touchnshine (2821)
• India
25 Aug 07
Yes dear I too believe that $8 is a huge amount. If you don't have much amount in your paypal account and you don't wish to use xoom then best option is buy a product through Ebay India .. there are many sellers who accepts payment through Paypal funds.
http://stores.ebay.in/touchnshine
@vaidhyanathan (59)
• India
9 Aug 07
Hello, First of all I'm glad that I have got an Indian friend to assist/guide me about how to withdraw funds from Paypal. I have signed in here as a new user and also opened a Paypal a/c. My question is, I have an ICICI Bank account. Will it be sufficient to give this Bank account number to paypal for verification or is it necessary to have a credit card since I do not have one. If so, will the payment be directly credited to our Bank account? Pls clear my doubt. Thanks in advance.
1 person likes this
@touchnshine (2821)
• India
9 Aug 07
Dear vaidhyanathan
You cannot verify yourself with ICICI Bank account details. To be a verified member of Paypal .. you need to have a credit card and need to furnish your credit card details to Paypal. It's not necessary to have a credit card but you won't get verified without credit card .. Also payment cannot be directly credited to your bank account because this facility is not available for Indians .. I request you to check the whole discussion .. make sure you go through each and every post and then you will find the answer to many of your questions. In case you still have doubts contact me again and I will be happy to assist you further.
@niranjans87 (1077)
• India
5 Aug 07
Doesnt paypal allow transfers to your bank account?
1 person likes this
@touchnshine (2821)
• India
5 Aug 07
Hello niranjans87
Paypal do not allow transfers to our bank account for Indian users.
@subha12 (18441)
• India
26 Apr 07
ok, thanks a lot for your respionse. but the most problem is that my mylot amoynt shows little over 12 $. But till now i have not got any payout from mylot. now i thibnk whether i will really get that or not. if my paypal is not verified, can i buy things on ebay?
@touchnshine (2821)
• India
26 Apr 07
Hi
You will get your payment next month before 15th I guess.. (this is the information I gathered from Mylot members discussion) in your paypal account. Yeah it's a good idea -- u can purchase things from www.ebay.in :). Many sellers accepts paypal -- you can ask them -- and if they accept paypal then u can pay them through Paypal
1 person likes this
@Buchi_bulla (8298)
• India
12 Jul 07
http://www.mylot.com/w/discussions/1177302.aspx
Hai Touchnshine, I have asked for an advice from you in my discussion regarding this, the number of which is given above. Can you please help me ? I was waiting for your advise from some time. Thank you and sorry for the trouble.
1 person likes this
@touchnshine (2821)
• India
12 Jul 07
Dear Buchi_bulla
Thanks for drawing attention to your discussion .. I have replied over there .. still if you have query then you can contact me further for this :)
@sukumar794 (5040)
• Thiruvananthapuram, India
12 Jul 07
I am approaching my $25 limit specified in my profile. I have not registered with paypal . What would you suggest at this moment . shall i comply with the paypal requisition and then log on to xoom.com. Please send me a detailed personal message . i need my $25 badly . Hope you will help me out .
1 person likes this
@touchnshine (2821)
• India
12 Jul 07
Dear sukumar794
Well get yourself registered on paypal as soon as possible .. it's free to join paypal .. update your payment information -- write your paypal address over there .. because then only you will be receiving your payment .. secondly .. I won't suggest you to use xoom if you have just $25 in your paypal account .. would you like to pay $8 as fees to xoom ?? I don't think so you will agree with this .. better go for shopping at www.ebay.in .. search for the sellers who accepts payment by paypal .. ask them about this .. if some seller agrees then you can pay them via your paypal account and get your item otherwise if you take xoom help then you have to pay $8 as fees.
@mehreen13 (76)
• India
9 May 07
i don't have a credit or debit card.So my paypal a/c is not verified.Can you tell me in detail how i can receive the money from paypal a/c..(thru xoom or thru paypal itself)I have an SBI a/c
@touchnshine (2821)
• India
9 May 07
Dear mehreen
Have u read the whole discussion?? What part is not understandable to you??
1 person likes this