I have an unverified PAYPAL account linked to HDFC bank account. Can anybody please tell me about what amount (in INR) would reach me in my bank account from my PAYPAL , if the amount transferred is say USD200 (which is >7000 INR ... so there should be no Rs. 50 charge) , after the deduction of any bank commissions and PAYPAL charges and currency conversion. (You can take an example as 1USD=Rs. 50 on day of transfer). I am unclear about the charges levied at the various stages of the transfer.
There is no charge taken by the Bank. The charge of INR 50 is all you need to pay. Look the amount to be deposited in your paypal account. Deduct 50 from it, you will get the final amount to be credited in your bank account. Amount to Transfer : $200 Currency Exchange : INR 50 : USD 1 Amount in INR = 10000 Charge by PayPal: 50 INR Amount to credit in your account : 9950
If you withdraw more then 7000 INR from your paypal account to your bank account then there is no any charge from paypal and your bank. YOu will get exact amount which paypal show you at the time of withdrawal. @MayurGondaliya - If you withdraw more then 7000 INR from paypal then there is no any charge by paypal. DON.
Thanks guys .. for the infrmation. Please also refer to a thread posted by someone else " My Full Paypal Balance Not adjusted which i lost due to currency conversion " .... Under the Payment Processing Forum . What currency conversion are they talking about? ??????
I am sure paypal still has the same rule that it is free of charge for money transfer over $150 and it is clear people above already answer great answer here