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Any one facing this issue with Paypal - Help me please.

Discussion in 'PayPal' started by strgraphics, Sep 7, 2012.

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  1. #1
    Hi friends,

    Am keep getting this issue with paypal, suppose if some sent $30 to my paypal the amount automatically withdrawing into my bank account.
    How can i stop this, i want to save some amount in my paypal ?

    Thank you.
     
    strgraphics, Sep 7, 2012 IP
  2. lifeplayer

    lifeplayer Notable Member

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    #2
    As i know you cant save the balance if you are from india
     
    lifeplayer, Sep 7, 2012 IP
  3. techlead

    techlead Active Member

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    #3
    What you will do if your $$$'s in your PayPal. You can't use money in PayPal for online purchases or transfers according to RBI restrictions

    Only option is to withdraw to your local bank
     
    techlead, Sep 8, 2012 IP
  4. strgraphics

    strgraphics Active Member

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    #4
    Oh kk i dont know this thanks for the information, but thing is they are transferring the money into my bank account even for small amount.
     
    strgraphics, Sep 8, 2012 IP
  5. bruce streling

    bruce streling Peon

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    #5
    I am not aware on India but yes at my place its not auto withdrawing.
    PayPal has different rules at different places.
     
    bruce streling, Sep 11, 2012 IP
  6. sarahk

    sarahk iTamer Staff

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    #6
    Your place is India... what do you mean?
     
    sarahk, Sep 16, 2012 IP
  7. speedyarticle

    speedyarticle Well-Known Member

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    #7
    You can't save money in your PayPal if you are from India as per RBI rules.
     
    speedyarticle, Sep 18, 2012 IP
  8. 11d

    11d Greenhorn

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    #8
    As per the RBI guidelines you cannot save funds in your paypal accounts in India, they will be automatically withdrawn to your bank account.
     
    11d, Sep 18, 2012 IP
  9. strgraphics

    strgraphics Active Member

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    #9
    what if i changed my country to US in my paypal account :)
     
    strgraphics, Sep 19, 2012 IP
  10. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #10
    Thats not possible I guess. :) You will have to make a new account in order to change country.
     
    Digital_shubhi, Sep 20, 2012 IP
  11. archc

    archc Banned

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    #11
    According to RBI, Indian people can't use their paypal balance for online purchase.

    Also you are not allowed to keep the money more than 1 day as per RBI rule again. If you don't withdraw money within one day, they will automatically transfer it to your attached bank account.

    Indian Banks are enjoying, as we have to use credit card. Paypal also enjoying, they give very low conversion rate when you withdraw money and charge very high currency conversion rate when you pay anything through paypal. I had to withdraw $150, they given me only about 54 INR for 1 Dollar however when I purchased something they charged around INR 58 for each dollar spent. Pathetic !

     
    archc, Sep 20, 2012 IP