Paypal fund to credit card - Working OR Not ( indian people)?????

I have a 10k credit limit on my credit card. I need to withdraw 50k. How can i do it? Also I am stumped as to how to make the withdrawal. I have a SBI Credit Card.

HELP

And F*^K YOU RBI

 

Some said it will add to your cc balance as extra balance..I wasnt able to understand what that means...

I am myself looking for an answer to this question..

 

?????What to dooooo.anybody there who can tell m how to open a US bank account so that I can directly transfer my money frm paypal to that account. and cash it out with the US bank debit card from India????

 

How???? paypal issue is not yet resolved


Another thing I want to ask you guys....


I want to open a US bank account. I live in india. But looking for someone who can help me out in this matter. Recently I heard that, the Non resident of US can open their bank account without any SSN. Please let me know where I can get the proper information. Is there anybody who is in US banking service???

 

Well is it better if one should tieup with any shop so by paying just 3% of transaction charge we can get our cc swiped and get cash in to our hands

 

The extra amount will be added to ur credit limit.
in this case suppose u add more 50k if ur limit 10 k then u can spend total 60k without permission of the bank.
because ur card already added by extra funds by u not by bank..
do u get it???

 

do you have any idea what are you talking about?? i think you have not even read it carefully and also don't know a thing about MB. in paypal there is no such option as to upload funds to your paypal account:

"Add Funds is Not Available
PayPal does not currently offer the ability to add funds from your bank account.

When you make a payment, PayPal charges the buyer's credit card and instantly credits the seller's PayPal account."

in moneybookers you can upload funds to your MB account using your CC and then you can withdraw those funds directly to your local bank account.

this is the only legitimate means of getting your money back to your bank account.

please read and research carefully before writing your comments here because there are so many people who are looking for help here. if you don't need it fine but don't keep it from others by writing such comments.

bogus man!!

 

cc and cheque has no issue till today.
i can help u abt us bank account.

 

r u sure that mb allows cash advance in this way ??or is this only applicable to u
i dont think so ..
i already tried this and receiving e-mail - "warning - cash advance not allowed"

 

Did u upload and withdrew the same amount?

 

35 % of limit

 

its different buddy...first try and then write here and don't keep others from trying by writing such comments. this is the only legitimate option to get your money back to your bank accounts.

anyone who has MB account can easily upload funds to their MB account from their visa credit card and then withdraw that money to their bank accounts. MB charges a nominal fee of 1.9% for uploading funds from CC to MB account.

In PayPal "add funds" option is disabled for Indians. its only for US members.

 

Ok that means this method will not work. Uploaded funds need to be spent.
This is contrary to their policy - they say you can withdraw your available funds at any time.

Moreover for uploading you need to pay 1.9% (and for foreign transactions Credit card companies charge 3.5% - not sure if this would be considered as INR or EUR). And when withdrawing again you need to pay the withdrawal fee and bear the losses of currency conversions. Instead of this we can ask our friends/relatives if they intend to buy something for cash. If yes get the cash and swipe your card... Other than this we can make a cash withdrawal (upto your cash limit) and remember there is no transaction fee if you are using ICICI easy deposit card provided you withdraw the money at ICICI ATM (interest rates still apply)...

 

Tell me how you can help me in this matter??? Do u know anybody in US or any service provider who offers such facility?

 

yes my elder brother is there

 

i have tried thats why i am writing..Even if you add the funds through your cc , you cant withdraw those funds into your bank account...sigh!!!!

 

Current update of withdrawal to CC:-

Status= Completed

Withdraw from: Visa Card XXXX-XXXX-XXXX-1234
This transaction will appear on your bill as "PAYPAL *Your Name".


Waiting for my CC to get amount credited.

 

Are you sure, and if so, how do i make it into hard cash?

 

It worked for me guys: I initiated withdrawal of funds from PayPal to my ICICI CC on 22/02/2010. Today, i got that amount in my CC, it is reflected, this evening.

My account type is business account.

The thing is "i have already due amount in CC and the amount deposited by PayPal is made up". I have to initiate another one and that can be withdrawed using Cash option. I was confirmed by ICICI team today. but, they will charge 3% transaction charge. Not much problem considering the current situation.

 

Atleast someone confirmed it ... These many days some people were making thread explaining bout the process but none confirmed . I m sorry but i was too frustrated to see this puzzling debate .now i m bit less worried to see a positive post. Thanx.