Simple question, what happens if we don't withdraw money to our bank account within 7 days? Will they charge extra fee[fine] or limit account??, what have other users experienced Only for Indian paypal accounts
PayPal hasn't implemented anything beyond 7 days. We will see when any updated implementation will work. Hence nothing to worry for now. But my advice is not to take risk with your hard earned money.
Nothing will happen as of now. All other rules has been implemented except 7 day withdraw. I have in my paypal account for more than 20 days and nothing happen.
Nothing in this regards has been implemented by paypal yet.. Even I have Balance in my paypal account since last 10 days
My balance was $15 for the past 15 days. Nothing happened. I was paid today from different sources, my earning reached $150 and withdrawn the same to my account today. That's all I can tell now. Yet, Paypal haven't implemented this rule.
It is interesting that paypal stated in its rules: You have to withdraw your received money into your bank account ( or via check ) within 7 days of confirmation of receipt of product from the buyer. Here is a catch. Means you can actually keep your money longer unless buyer confirms received item quickly. And when does buyer confirms receipt of item By the way? Apply your brain and you will know that this rule is a gimmick.
Keeping $50 for more than 7 days is not a big risk. Would you do the same for $1000 or more? Would you take the same risk for $1000 or more?
I feel really very sorry for all my Indian friends who are using paypal. I didnot knew this rule that you have to withdraw your money every 7 days, that is so weird. I am happy that we dont have any such rules in China and can withdraw money directly to the bank account anytime, we require. Well I will be still peeping around this thread to learn more about it.