How To Stop Autowithdrawal Option In Paypal?

Discussion in 'PayPal' started by itarticle, Jan 23, 2013.

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  1. #1
    How to cancel or disable Auto Withdrawal in PAYPAL
     
    itarticle, Jan 23, 2013 IP
  2. deluxdon

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

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    #2
    Thats not possible IMO.

    DON.
     
    deluxdon, Jan 23, 2013 IP
  3. humtuma

    humtuma Notable Member

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    #3
    Just remove the bank account and add it again. Do not select the auto withdrawl. And i''ll prefer ,read the paypal policy. Like in India , the money will be autowithdrawl after 7 days.
     
    humtuma, Jan 23, 2013 IP
  4. sufia

    sufia Active Member

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    #4
    Witch country is referring for that?
     
    sufia, Jan 23, 2013 IP
  5. itarticle

    itarticle Greenhorn

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    #5
    INDIA
     
    itarticle, Jan 24, 2013 IP
  6. simpley

    simpley Member

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    #6
    Dear itarticle, As per RBI regulations one has to auto-withdraw the money in India from Paypal, Simply the reason behind it to avoid the dollar fluctuation advantage to user and store it with paypal as your deposit vault.
     
    simpley, Jan 24, 2013 IP
  7. karthimx

    karthimx Prominent Member

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    #7
    Indians can't stop Auto Withdraw as per RBI rules since feb 2011.
     
    karthimx, Jan 24, 2013 IP
  8. rahuldas14

    rahuldas14 Well-Known Member

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    #8
    Ya RBI rules make it mandatory for payment processors to release funds every 7 days. They are not banks technically so they cannot keep money of people beyond a limited hold period. So the autowithdrawl option is there to stay.
    And thanks to this that money earned by Indians come to India and dont stay in US accounts forever. :)
     
    rahuldas14, Jan 24, 2013 IP