Paypal withrawl question

Discussion in 'PayPal' started by karthimx, Jan 13, 2011.

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  1. #1
    Is it possible to withdraw paypal amount in 2 currency at same time like 50 USD and 40 EUR to INR
     
    karthimx, Jan 13, 2011 IP
  2. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #2
    Yes, why not. Its your money and you can do whatever you want to do with as at end all currencies have to change to INR only.
     
    Digital_shubhi, Jan 13, 2011 IP
  3. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #3
    Is there any much differece in INR value due to this ??

    DON.
     
    deluxdon, Jan 13, 2011 IP
  4. karthimx

    karthimx Prominent Member

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    #4
    I'm seeing only drop down wile withdral the amount so I can select either USD or EUR.
     
    karthimx, Jan 14, 2011 IP
  5. Dhaval1983

    Dhaval1983 Peon

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    #5
    I am from India. Whenever I withdraw my paypal balance to my bank account, it automatically converted in from USD to INR. I wonder why? Can I still withdraw in USD? Or may be my currency set as INR?? Please someone clarify.
     
    Dhaval1983, Jan 14, 2011 IP
  6. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #6
    Its just because your Bank account only supports INR and any currency coming to your account will get converted to INR.
    If you move to USA then only you can withdraw in USD.
     
    Digital_shubhi, Jan 15, 2011 IP
  7. ryan-isra

    ryan-isra Well-Known Member

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    #7
    When you withdraw to your bank, it will be converted to INR anyway.
     
    ryan-isra, Jan 15, 2011 IP
  8. Safetyfirst

    Safetyfirst Active Member

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    #8
    I guess you would have to have 2 withdrawals , im not too sure because i only got paid in usd till now.
     
    Safetyfirst, Jan 15, 2011 IP
  9. mymindrules

    mymindrules Greenhorn

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    #9
    I dont think it is possible, Paypal will allow you to withdraw in the currency of which country's account it is
     
    mymindrules, Jan 15, 2011 IP
  10. mohamedsafiq

    mohamedsafiq Active Member

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    #10
    Any how the paypal currency conversion rate is too much differ from the actual rate currently the paypal rate is 1$=43.7 INR something but current global rate is 1$=45.4 INR so i get low amount withdraw to my bank account
     
    mohamedsafiq, Jan 15, 2011 IP
  11. mike_sun

    mike_sun Well-Known Member

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    #11
    You can simply use converter to convert Euro or USD in a single currency at your PayPal. I hope you would prefer Euro to change into USD. Just do it and it makes your current PayPal balance in only USD. So you can withdraw funds in Indian Rupees in single instant.
    Hope it works.
     
    mike_sun, Jan 15, 2011 IP
  12. YourPublisher

    YourPublisher Peon

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    #12
    No its not possible for you to withdraw in multiple currency you can only withdraw in your country's currency
     
    YourPublisher, Jan 15, 2011 IP
  13. karthimx

    karthimx Prominent Member

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    #13
    Yeah thanks. I think this is the best option to make all other currency in to primary currency and withdraw them to bank.
     
    karthimx, Jan 16, 2011 IP
  14. EvanP

    EvanP Banned

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    #14
    It's not a PayPal problem, it's your banks' problem. If your bank supported USD, you would be able to withdraw in USD and have a USD bank balance. :)
     
    EvanP, Jan 16, 2011 IP
  15. Dhaval1983

    Dhaval1983 Peon

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    #15
    My Bank does support international payments like USD, UK pound. Why I can not withdraw the funds in USD?
     
    Dhaval1983, Jan 16, 2011 IP
  16. ioppp

    ioppp Peon

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    #16
    if your country support paypal,then paypal usd currency also converted to ur local INR
     
    ioppp, Jan 16, 2011 IP
  17. aoganesyan

    aoganesyan Peon

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    #17
    yea thats iffy :X
     
    aoganesyan, Jan 16, 2011 IP
  18. karthimx

    karthimx Prominent Member

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    #18
    Yes if I withdral 200 USD to my bank in india then the USD will automatically convert into local INR with the currency rate at the time of withdrawl.
     
    karthimx, Jan 18, 2011 IP
  19. mohamedsafiq

    mohamedsafiq Active Member

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    #19
    the paypal currency conversion rate is too much differ from the actual rate currently the paypal rate is 1$=43.7 INR something but current global rate is 1$=45.4 INR
     
    mohamedsafiq, Jan 18, 2011 IP
  20. thevolts

    thevolts Peon

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    #20
    there wont be any problem in withdrawing in 2 currencies. The Bank would finally convert both the currencies into the local currency. The problem you would notice is that most banks in India charge you a Conversion charge(50-60 paisa lesser than the SPOT rate of the conversion; SPOT rate here is 60-80 paisa lesser than the global conversion rate), Service Charge(Around 130 INR).
     
    thevolts, Jan 18, 2011 IP