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Paypal New Withdrwal Feature - Any Experiance

Discussion in 'PayPal' started by seoindia, Oct 6, 2007.

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  1. #1
    Paypal recently launched new withdrawal feature where one can withdraw money from Paypal account to their Debt or Credit card . I tried several time for same in my debit cards but it shows that bank doesnt provide this feature on your debit card. My question is if i withdraw to Credit card can i withdraw money as simple as debit card. Will credit card issuer will charge something for that as well. Anyone having already done that espiecially from India, please share your experiance.
     
    seoindia, Oct 6, 2007 IP
    deluxdon likes this.
  2. alicbol1

    alicbol1 Peon

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    #2
    I havent tried this feature but I am sure the CC company will still make it count as a cash advance so they can profit from the transaction.
     
    alicbol1, Oct 6, 2007 IP
  3. cool_78

    cool_78 Guest

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    #3
    I have already ordered a debit card from my local bank which will be available next week so I can withdraw from paypal. I will post my experience here when it done.
     
    cool_78, Oct 6, 2007 IP
  4. xbrain

    xbrain Peon

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    #4
    xbrain, Oct 6, 2007 IP
  5. deluxdon

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

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    #5
    If you are from india then let me tell you one thing that debit card is not allowed at paypal to either verify yourself or for withdrawal.

    @seoindia - Everyone is waiting for outcome regarding withdrawal through credit card so you are also join us ;)
     
    deluxdon, Oct 7, 2007 IP
  6. getjimmy

    getjimmy Prominent Member

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    #6
    It means Indians can only withdraw to Credit cards?
     
    getjimmy, Oct 7, 2007 IP
  7. bobchrist

    bobchrist Active Member

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    #7
    I am not sure whether you can use it to transfer funds to your debit card, if you can be able to do, it would be best to use that service rather than xoom, as paypal is going to charge $5 per transfer, that is cheaper than xoom, if I am not wrong.
     
    bobchrist, Oct 7, 2007 IP
  8. deluxdon

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

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    #8
    Indians can withdraw to credit card or through check withdrawal. Debit card not accepted :(

    @bobchrist - But you forget that may be credit card issuer bank charge you high if you withdraw funds thrrough your CC.
     
    deluxdon, Oct 7, 2007 IP
  9. seoindia

    seoindia Notable Member

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    #9
    My question is if i withdraw via Credit Card , can i withdraw money from ATM normally as case with Debit cards. Will Credit card issuer will charge something? Is it allowed to withdraw money from Credit card? I am not sure how can one add money to credit card and than withdraw it. If u add money it will extend your credit limit. Because i am so much confused i havent opted for the option yet. If anyone has done that please share with us.
     
    seoindia, Oct 7, 2007 IP
  10. funnyspo

    funnyspo Peon

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    #10
    I havent try it yet. can you guys let me know once you use it.
     
    funnyspo, Oct 7, 2007 IP
  11. silvercoin_

    silvercoin_ Banned

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    #11
    My country supports debit card withdrawal..
    and I already tried it.. :)
     
    silvercoin_, Oct 7, 2007 IP
  12. goforhunt

    goforhunt Banned

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    #12
    As per RBI norms you cannot withdraw funds to your debit card in India via paypal.
    However you certainly can withdraw your funds to your credit card, I have found one solution for those who have ICICI bank account and credit card.
    In ICICI bank's online banking, you can attach your bank account and credit card account under one login id.
    Hence after withdrawing funds to your credit card to can transfer the funds online to your bank account.

    Hope this helps.
    Thanks
     
    goforhunt, Oct 8, 2007 IP
  13. srijaga_cbe

    srijaga_cbe Peon

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    #13
    This is the valid point.
    In India we can withdraw cash advance from Credit Card but it attracts heavy service charges and very higher interest rates.
    So how can we withdraw amount added from paypal to our cc?
     
    srijaga_cbe, Oct 8, 2007 IP
  14. iajay

    iajay Peon

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    #14
    How do i transfer funds from my visa credit card to my bank account through ICICI net banking
    I found out that i can just transfer funds from my bank to CC, not the reverse
    Any Help
    Ajay
     
    iajay, Oct 8, 2007 IP
  15. E-IndiaWeb

    E-IndiaWeb Well-Known Member

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    #15
    It would be rather good if you ask / confirm this from callcenter. I guess so far its not been tried by any Indian here.
     
    E-IndiaWeb, Oct 8, 2007 IP
  16. debitcardman

    debitcardman Peon

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    #16
    India users can use the VMI card with no problem for withdrawal. I have talked to many that use this with no problems. If you use cc you will get charged heavy fees. Anyways good luck to all with this and if you have any questions on VMI cards please PM me as I know of a great reseller. Thanks.
     
    debitcardman, Oct 9, 2007 IP
  17. sean_mostwanted

    sean_mostwanted Banned

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    #17
    hey can u pls temme..is credit card not associated with our bank account??..i mean..if the funds come to my credit card..it comes to my bank account directly..isnt it??
     
    sean_mostwanted, Oct 9, 2007 IP