Can we really withdraw funds from Paypal to Credit Card successfully ?

Discussion in 'PayPal' started by ramprop11, Feb 24, 2010.

  1. #1
    Hello DP,
    I want to ask this big question.Everybody is talking about withdrawing funds from paypal to credit card.

    I want to ask:
    Will I get hard cash in my bank account if I choose this CC option?
    Rs 23,000 is outstanding to my HDFC credit card and due.
    If I withdraw say Rs 10,000 from paypal to my HDFC credit card:
    Does the amt(rs 10,000) gets adjusted in my outstanding dues ?
    If this is the case,then I won't be getting any cash in my bank account.
    Instead i would get the intimation from CC executives that you have paid Rs 10,000 successfully and only Rs 13,000 is due to you.

    Is this is the case ?
    Please write to the best of your knowledge.
     
    ramprop11, Feb 24, 2010 IP
  2. ToP_Designer

    ToP_Designer Peon

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    #2
    Well What i know is... You wont be able to Get CASH :eek:

    T_D
     
    ToP_Designer, Feb 24, 2010 IP
  3. adi231189

    adi231189 Peon

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    #3
    yes that is the case if you have outstanding it will get adjusted first
     
    adi231189, Feb 24, 2010 IP
  4. salaxzar

    salaxzar Well-Known Member

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    #4
    you can withdraw funds from atm through your cc in order to get cash..However there is some 3% fees par transaction..
     
    salaxzar, Feb 24, 2010 IP
  5. webmarketexpert

    webmarketexpert Peon

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    #5
    Everyone is still confused about this issue so I would prefer to stay away from experimenting so wait and watch till pp will solve their problem
     
    webmarketexpert, Feb 24, 2010 IP
  6. teena.sethi

    teena.sethi Peon

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    #6
    If you do withdraw into CC. firstly it will adjust the amount to your outstanding Payment amount and if you don't have any outstanding to pay it will reflect the amount as increase in credit limit.
     
    teena.sethi, Feb 24, 2010 IP
  7. SkyisLimit

    SkyisLimit Well-Known Member

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    #7
    All your fear is fact//

    they do as you think exactly.
    xx
     
    SkyisLimit, Feb 24, 2010 IP
  8. ramprop11

    ramprop11 Peon

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    #8
    Thanks for your kind information.It means echeck is the only withdrawl option left as of now.
    I am ready to use this option even if it takes some time.Anybody who has successfilly used this option?
     
    ramprop11, Feb 24, 2010 IP
  9. salaxzar

    salaxzar Well-Known Member

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    #9
    people have been using check withdrawals since 6-7 years..So nothing to worry about...:)
     
    salaxzar, Feb 25, 2010 IP