Paypal Withdrawal - to Credit Card few clarifications

so what you guys are saying, that u can use creditcard in any other person's name from ur PP account to withdraw $$.
if yes, the wouldn't that be the best way to transfer cash from one person to another? why use paypal transactions at all. lol.

am totally confused. clearification required.

 

I am sure there will be. when did you withdrawn your money ? have you received your credit card statement after your withdrawal ? they might bill you the charges while sending you the statement.

 

I have heard if you withdraw cash their is a charge of 250 INR

 

Can someone please clarify me on this?

 

Yes, that is called Card to Card transfer. But you need a system to do that. You can't send cash directly from a card / account to another card. Paypal act as that system.

Paypal is not the only system. HDFC (net banking and ATM), ICICI, SBI, Corporation and lot of banks allow that. I mean account to card transfer or card to card transfer. But all these banks allow transfer to an Indian card only. So international transfer is not possible with these banks.

Hope I didn't confuse you more

 

Have a look - http://pages.ebay.com.sg/sea/paypal/withdraw.html - for more on that.

 

Thanks.

But the unfortunate part is I tried 4 different VISA International Debit Cards (AXIS,ICICI,HSBC & Standard Chartered)to add but all of them have been denied by Paypal.I do not have VISA Credit Card so there is no other option left for me to withdraw other than Bank Transfer.

 

the page on which u r is Add credit card page .. see it clearly.

 

No way u can add debit card issued in india.

 

its just their fault... Add any credit card ,,, name is not problem... just card number , cvv and expiry should be right ..
they will transfer the fund to that card.

 

U cant withdraw cash frm ur card man ...
its another thing .. u can just use fund fr pay off ur bill .. u can take cash on carc and pay off immediate ..
or find any of ur frnd who can offer u cash after paying 1.5% ( visa charge )

 

Then they shouldn't have mentioned about Debit Cards.

 

debit card issued frm usa / uk etc accepted

 

I still have one doubt:

Does it show you amount in Rupees when you try to withhdraw from a CC? As whenever i try to withdraw then it converts it into rupees, deducts Rs.200 from that amount and wants me to confirm sending the rest of the payment(in Rupees).

 

no paypal dont convert the amount in inr

 

This is quite strange...looks like i'm alone getting this Paypal Rupee conversion page.

 

Withdraw to credit card never get rupee conversion page.

 

Wooooooooooooooooooooooooooooooooo

I m the first ...

I got All my pending 6 withdrawals in axis bank today....
Got it....
Thanks fr all

U guys check it out too

 

Indian Debit card is not possible to add in pp account only CC...