In these trying times this is a good option.But can you please clarify me the following: 1)It can only be transferred to Visa Cards.Correct?No Master Card. 2)Need to add a Card 1st in my Paypal account and then only the withdrawal can be done.Please confirm. 3)How do I get to know that it has got credited to my Credit Card?From my Credit Card bank? 4)How many days generaly it takes? 5)Can the card holder name be different than the Paypal account holder's name?
1 ... only visa credit cards. 2. u need to just add the card .. no need to confirm ... 3. after 72 hours it show in ur unbilled data .. u can confirm after calling cc company 4. 2-3 days max... 5. it can b different .. it only need cofrrect card number + expiry date. name can b any..
Suppose in Paypal your name has been registered as Mail Kamal whereas in Credit Card its Kamal Singh.The moment you ask for withdrawal through CC the page opens where by default it shows the name with which you registered at Paypal.In that the 1st name you can still edit but the last name you cannot.It will then read as Kamal Kamal.Will then the withdrawal work after you key in the credit card details?
A slight off topic query. Am asking since it seems mailkamaal has got idea about paypal's credit card usage. My current credit card linked with paypal will expire in March 31st this year. How to update credit card information with the new one I shall be receiving? Also I read somewhere that a person had been defrauded of $3000 as fraudulent withdrawals. Are credit cards linked to paypal not safe from abuse? Thanks a lot in advance for the information.
there is no need to edit the name ... just leave the name whatever is ... just enter the cc number , expiry date and cvv ... address can b any ... it will b accepted as well... Tested ....
A person who was defrauded have linked his cc and verified that too ( 1.95$ deducted by pp , then u hav to put code frm cc statement ) .. there is no need to verify the card ... just add card. dont verify it ... and do withdrawal... ur card can b used to send money if u dont verify it .. still u can withdraw... Also updating cc is very very easy ... just is edit cc button inside profile...
I believe there will be two type of charges when you use credit card. from my understanding you are transferring $ into your credit card account. so there will be currency exchange fee of 2% at least and when you withdraw money from your credit card there will be transaction fees. Isn't it ?
Ok want to ask one more question here. At the end of all process how much you will get if you withdraw $500 from your paypal account to your CC as of now ? DON.
U will get exact amount ... Now paypal will transfer 495$ ( after deducting 5$ charge ) to ur card.. Ur card company convert the USD to INR.. My HDFC just gave me 51.65 yesterday for each $. A great exchange rate comparing to Paypal.
No man ... No transaction fees is applied. When u withdraw fund to ur card , it just transaction tax free. U will get a exchange rate determined by Ur card company
So there is no charge from your CC company ? Do you mean to say that you have got 25566.75 INR for $500 withdrawal (after deducting $5 paypal's fee) Also is there any charge for withdrawal cash from your CC ? DON.
Have you actually carried out this transaction in real? since i seriously doubt if CC would carry out all this transaction for you without any fees... Regards, RightMan
That is what i am thinking There must be some charge from bank who provides CC to carry out this transaction. Let me ask my CC provider myself. DON.
The problem is I do not have a VISA Credit Card.All my Credit Cards are MASTER CARDS. Is there any possibility of transferring funds to my Debit Card which is a VISA DEBIT CARD?Please suggest.
But this is what is written the moment you click on withdrawal mode by credit card. Debit Cards (also called check cards, ATM cards, or banking cards) are accepted if they have a Visa or MasterCard logo.