Keeping Funds for More than 7 Days

Discussion in 'PayPal' started by jagan1981, May 5, 2011.

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  1. #1
    Is Paypal strict now about keeping funds not more than 7 days for Indian Paypal users?

    Do you guys having keeping funds for more than 7 days before withdrawing?
     
    jagan1981, May 5, 2011 IP
  2. nihangshah

    nihangshah Prominent Member

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    #2
    I have funds sitting in Paypal account even before the RBI Paypal notification came out.

    Looks like the '7 day withdrawal' rules hasn't been implemented yet.
     
    nihangshah, May 5, 2011 IP
  3. jagan1981

    jagan1981 Well-Known Member

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    #3
    thanks for the info
     
    jagan1981, May 6, 2011 IP
  4. softech02

    softech02 Banned

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    #4
    Is it true nihangshah?

    I have been withdrawing money each time i get payment and paying processing fee thinking my money may get lost. There has been so many tiny tiny transaction into my local bank account.

    Is it possible to keep the balance for more than 7 days of receiving fund?

     
    softech02, May 8, 2011 IP
  5. Ausdrez

    Ausdrez Well-Known Member

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    #5
    Yes, at least so far, Paypal is allowing us to sit on the funds without any 7 days restriction. However I am having the feeling that not anymore. Since Paypal asked for the default purpose code to withdraw and PAN Card details for withdrawals - it probably is the pre-planning to automate the 7 days withdrawal.
     
    Ausdrez, May 8, 2011 IP