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Paypal + Withdraw Questions

Discussion in 'PayPal' started by i_am_dhaval, May 30, 2011.

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  1. #1
    Paypal + Withdraw Questions

    if i Withdraw 100 $ from my paypal to My Indian bank account

    how much charges paypal they cut?
     
    i_am_dhaval, May 30, 2011 IP
  2. deluxdon

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

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    #2
    Withdrawal charge is Rs. 50 if you withdraw 7000 Rs. or less then that. No withdrawal charge for more then 7000 Rs. withdrawal.

    DON.
     
    deluxdon, May 30, 2011 IP
  3. socialmediamarketing01

    socialmediamarketing01 Peon

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    #3
    You have to pay double charges. PayPal & your bank both will charge.
     
    socialmediamarketing01, May 30, 2011 IP
  4. deluxdon

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

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    #4
    You are wrong there. There is no any charge from Indian Banks.

    DON.
     
    deluxdon, May 30, 2011 IP
  5. i_am_dhaval

    i_am_dhaval Well-Known Member

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    #5
    how much currency conversation charge cut ?
     
    i_am_dhaval, May 30, 2011 IP
  6. deluxdon

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

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    #6
    Paypal having their own exchange rate so you need to check that at the time of withdrawal.

    DON.
     
    deluxdon, May 30, 2011 IP
  7. karthimx

    karthimx Prominent Member

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    #7
    2 things you have to check while withdraw

    1st if you withdraw less than Rs7000 then you need to pay Rs50 as fee.

    2nd you need to check withdraw conversion rate which will be under withdraw tab in paypal.
     
    karthimx, May 30, 2011 IP
  8. SocialMarketing

    SocialMarketing Peon

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    #8
    they take a large percentage i think
     
    SocialMarketing, May 30, 2011 IP
  9. nitinleew

    nitinleew Well-Known Member

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    #9
    No,It depends on the amount
     
    nitinleew, May 30, 2011 IP
    psharma likes this.
  10. ron_bun

    ron_bun Active Member

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    #10
    PayPal will deduct 50 rupees after conversion to INR if the withdrawal amount is less than 7,000 (in your case it will be around INR 4,400 or so)
     
    ron_bun, May 30, 2011 IP
  11. psharma

    psharma Prominent Member

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    #11
    They do not charge any fees directly ( in case of bank withdrawal and in case of amount > Rs 7000 ) but they do keep the currency conversion rate always pressed so as they make from from from the exchange. their currency exchange rate however depends on the actual currency conversion, but is always poorer than it. expect loosing nearly Rs 1 per dollar converted at the time of withdrawal.

    But that wont matter because if you have balance in paypal you have no choice than to withdraw it.

    Just my personal experience, no offense.
     
    psharma, May 30, 2011 IP
  12. Ausdrez

    Ausdrez Well-Known Member

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    #12
    Well, it's not some Guesswork about the poorer rates and there is no need to do "nearly" IMHO. :)
    As it states in paypal policy also, any currency conversion gets charged at 2.5% of the amount. That's it. nothing more, nothing less. One can also calculate himself according to this 2.5%
     
    Ausdrez, May 30, 2011 IP
  13. psharma

    psharma Prominent Member

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    #13
    OK. 2.5%
    So can the possible solution be to generate invoices in INR?
     
    psharma, May 31, 2011 IP
  14. supersenwins

    supersenwins Well-Known Member

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    #14


    Yup it is abt 2.5%. In rupee terms you are set to loose something like 1.4 - 1.5 Rs / Dollar. So, say you withdraw 1000$, you loose nearly 1400 - 1500 Rs to Paypal.
     
    supersenwins, Jun 1, 2011 IP
  15. klutter

    klutter Peon

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    #15
    klutter, Jun 2, 2011 IP