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.
you can withdraw funds from atm through your cc in order to get cash..However there is some 3% fees par transaction..
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
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.
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?