How can i withdraw moey and trasfer it to india at very low fees ... If possible deposit the money at local bank account ... in india the paypal people charge $5 for check payment but ... if u withdraw $100 u get $5 ( after $5 transaction fees ) Right how when check comes backs to u from U.S. to india you then deposit that U.S. local bank check to indian bank and 20% of $95 is gone for transaction ( $$ Check to INR conversion rate os $33.84 while cash $$ conversion to INR is $40.45) So is there any alternative way ... so that when i transfer $100 from paypal ... for very small transaction fee ... say $5 to $6 or even some more ... i get the rest .... converted at standard converion rate of 1$ == 40.45 INR direct deposit to bank or demand draft ... whatever is possible ... So someone help After searching a bit in google i found that remit2india offers that sort of things but u need a SSN ( only US citizens have it ) ... in india theres no SSN ( which is election card for indians ) .. they require SSn not election card ... So any alternative
The method must be a legal one ... ( possibly registered under Reserve Bank Of india ) No Fraud Awareness
BTW paypal not allow to withdraw $100 (Minimum amount is $150 for indian paypal account). You can try XOOM for this as they charge $8 for $25 to $500 and $15 for $501 to $1000. You will get your funds in 2-3 days (bank transfer) or 4-5 days (cheque delivery). And its legal too.
I can say this is a nice advise. I am using Xoom myself and very happy with their service... I am getting my paypal funds on 4th or 5th day in my SBI bank A/c. Xoom is preferrable rather than waiting for paypal checks for 25-30 days and sometimes more than that...
So everytime u make a transaction ... only $8 are charged ... for 25 to 500$ No extra or hidden charges right ... Ok then it fine so as u said 150$ for indian paypal account that is if i withdraw 150$ ... that is i get $142 ( after $8 deducion ) ... and no extra charges i hope .. $142 is converted to INR @ approx 40 ( 1$= ~ 40 INR) Thanks
Bro. Yes...xoom is perfect but donot expect the standard conversion rate there must be a difference of 1.00 Rs. Rest $8.00
If you withdraw $150 then they deduct $158 from your paypal account and you will get $150 x current exchange rate offered by xoom. Xoom current exchange rate is around $39.30 to $39.50 IMO. Check this with their site. BTW there is no extra charges other than $8 for this.
the cheque comes in INR only. there are no transaction charges for clearing the cheque i have never used XOom and like the traidtional and official Paypal system better
i have never transfered any money from paypal to my bank it's easier to spend it online but then i dont think it is really worth to go through all that trouble just to bring 100 USD home