Paypal check withdrawl option:Is it safe?

Hello DP,

In the present situation,nobody knows how much more time will it take to solve this problem.Already it's been more than 1 month.
Can anybody explain the detail procedure to use paypal "echeck" option:

How to use it ?
When will the check reach home ?
What's the processing fees?
How much time will it take to encash?
What are the risks involved?
What if my check is lost or don't reach at my address?-BIG QUESTION

Anyone who has actually used this method successfully;please share your experience here.

 

Hi

First of all echeck is different from check,


How to use it ?
Simple just request the check from PayPal as you do for bank withdraw.

When will the check reach home ?
7-10 days depending on location.

What's the processing fees?
Depends on the amount that you withdraw.

How much time will it take to encash?
Is its international then 22 days min otherwise normal time that 2-3 days.

What are the risks involved?
I don't see any risk involved in it.

What if my check is lost or don't reach at my address?-BIG QUESTION
If your address is correct then your check won't go anywhere.

Thanks

 

Thanks for the kind information.Have you used this option successfully? I read on other DP threads that it takes 22-28 days to reach check at home.
Should I try with small amount,say $50? If in case check losts,then does the paypal reissue the check cancelling older check.Please advice.

 

I have used this option once, and yes it take almost 30 days to reach the check at your address. And it takes 3 days to clear as they issue CITI Bank local clearance cheques.

 

I requested for a cheque on Feb 12th, still i did not get it.

 

Offcourse its safe its an account payee check no1 can use it unless they have same name

 

I only have one concern: if the check lost in between than what? As paypal sends the check through normal post and not registered post,security is definately a concern.

 

100% safe go for it

 

Is Indian banks charge any fees in clearing a paypal check.Please conform.

 

I can be lost as cheques are sent via ordinary airmail. However, it will be an a/c payee cheque, so it will be useless to others unless they have a similar name.

The cheques are in Indian Rupees, so no hidden charges.

PS: I haven't used cheque withdrawal ever, but this is what I have heard from reliable sources.

 

Checks have no problem but only problem is they are sent by normal post...few years back i used check service only and check reach by 10-15 days....one check of mine was lost

 

What made you think that if the address is correct, the cheque wont be lost?

 

Check option is safe but the problem is with the postal delivery time. Not sure in which country you are located.
If you are in US or Canada, I guess you could get it in short time while compared to other Countries...

 

no problem but the only thing is it arrives very slowly..

 

Well if the check is lost in the midway can we cancel the withdrawal and if so how many days it would take to see back the balance in my paypal once we make a cancellation ?

 

yes its safe..use it freind

 

I have a problem. I want to issue a check from PayPal. But i live in a joint family and those bastards take my mail. What can I do?

 

Move to a new address.

 

I suggest you do one thing:You also take their mail;then tell them that you have their mail.If they want it,we can exchange otherwise...

 

I guess check is the oldest withdrawing method in paypal..So ofcourse its safe..:|