How to encash money from paypal????

Discussion in 'General Chat' started by chndn_jain, Mar 1, 2009.

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  1. #1
    is there a possibility i can en cash my money by cheque, and if so what is the minimum amount for encashing.
     
    chndn_jain, Mar 1, 2009 IP
  2. deluxdon

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

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    #2
    Are you from India :confused:

    If yes then you can withdraw funds from your indian paypal account using check delivery or bank transfer. There is no fee if you withdraw through bank transfer and amount is more then 7000 INR otherwise you need to pay $5 fee for each withdrawal. For each check withdrawal you need to pay $5 fee as far as i know.

    DON.
     
    deluxdon, Mar 1, 2009 IP
  3. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #3
    Well, better transfer it into your bank account. its easy and fast !! and u will get funds within 3 days. minimum balance for withdrawal is $10. :)
     
    Digital_shubhi, Mar 1, 2009 IP
  4. John LaO

    John LaO Peon

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    #4
    yes.. paypal can send checks. but i would prefer direct bank transfer. :)
     
    John LaO, Mar 1, 2009 IP
  5. chndn_jain

    chndn_jain Peon

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    #5
    is it ok to give the credit info...i mean i have also heard that paypal is not safe to use!!!
     
    chndn_jain, Mar 1, 2009 IP
  6. nihangshah

    nihangshah Prominent Member

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    #6
    You should give Credit Card info, to verify your account. It gives more advantages and it's safe.

    You can withdraw funds from Paypal using cheque ($5 fee) or by direct bank transfer. Most people prefer direct bank transfers.

    It's free, if withdrawal amount is more than Rs. 7000/-.
     
    nihangshah, Mar 1, 2009 IP
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  7. ActiveFrost

    ActiveFrost Notable Member

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    #7
    Safe or not - you can always fill a claim and get your money back ( if you have some problems ).
     
    ActiveFrost, Mar 1, 2009 IP
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  8. RightMan

    RightMan Notable Member

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    #8
    Do not worry..Paypal is not going to steal your money using credit cards...

    People are apprehensive about PP simply because it suspends your account without giving your balance back...and if it decides to close your account...your balance with them..is gone..forever! :eek:

    Regards,

    RightMan
     
    RightMan, Mar 2, 2009 IP