is paypal support joint bank ac for indian user

Discussion in 'PayPal' started by ioppp, Jan 4, 2010.

  1. #1
    hi can ny one tell me how could i be transper my money through paypal via joint bank ac sbi?

    is it possible or not:confused:

    pls reply anyone pls i need some help
     
    Last edited: Jan 4, 2010
    ioppp, Jan 4, 2010 IP
  2. ractors

    ractors Well-Known Member

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    #2
    that is not possible
     
    ractors, Jan 4, 2010 IP
  3. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #3
    Ya, if you want to transfer money from your PP to a join account its ok.
    Can be done. :)

    - Mr.President -
     
    Digital_shubhi, Jan 4, 2010 IP
  4. Blue[{bee}]

    Blue[{bee}] Active Member

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    #4
    I don't think so! Paypal has to be informed before any transfer. I have heard of cases in which paypal has not transferred money to joint a/cs.
     
    Blue[{bee}], Jan 4, 2010 IP
  5. deluxdon

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

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    #5
    Thats not true. If you have joint account with someone else then also you can withdraw funds from your paypal account to that account without having any problem.

    DON.
     
    deluxdon, Jan 4, 2010 IP
  6. RightMan

    RightMan Notable Member

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    #6
    I am not aware of how it is done as I have not tried it myself but I guess it is possible to transfer money to a joint bank account if you are the first holder... since in such a case, your name would anyway appear on display with your bank account... for Paypal to easily make a deposit.

    Regards,

    RightMan
     
    RightMan, Jan 4, 2010 IP
  7. deluxdon

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

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    #7
    As far as my knowledge if you are second holder in joint account then also you can withdraw funds to that account from paypal.

    DON.
     
    deluxdon, Jan 4, 2010 IP
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  8. RightMan

    RightMan Notable Member

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    #8
    Thanks for the clarification. I was under the impression that only the first holder's name was visible with the account number and so was thinking on this line.

    Now... in such a scenario, whose income would it be considered for accounting/tax purpose? Is it completely a beneficiary's prerogative to club this receipt in whosoever's account it may deem fit? :confused:

    Regards,

    RightMan
     
    RightMan, Jan 4, 2010 IP
  9. deluxdon

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

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    #9
    Income would be considered for first holder (prime holder) for accounting/tax purpose.

    DON.
     
    deluxdon, Jan 4, 2010 IP
  10. Blue[{bee}]

    Blue[{bee}] Active Member

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    #10
    That may be true. But I have read some where that Paypal has objected in a joint account payment and sent it back!

    May be he had some problem with his bank a/c.

    Thanks for the clarification Don!
     
    Blue[{bee}], Jan 4, 2010 IP
  11. ractors

    ractors Well-Known Member

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    #11
    but the op is from dhaka and that is not possible to open joint account in india without visiting.

    That's only work if account name and paypal name are same.
     
    ractors, Jan 5, 2010 IP
  12. ioppp

    ioppp Peon

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    #12
    this is not a issue im using indian frnds paypal ac..
    an now wants to cash ma $ via joint account of sbi..
    tnx don help me so much.
     
    ioppp, Jan 5, 2010 IP