Indians : Withdraw from PayPal!

Discussion in 'PayPal' started by priyakochin, Jul 31, 2007.

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  1. #1
    Today I have seen that the USDollar - INR exchange rate from paypal is higher that anything else.

    PayPal :
    Exchange Rate : 1 U.S. Dollar = 40.5600 Indian Rupees

    Xoom :
    Current Exchange Rate:
    US$ 1.00 = INR 39.1294




    So I think this is the best time to withdraw!
     
    priyakochin, Jul 31, 2007 IP
  2. Awareness

    Awareness Banned

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    #2
    I think their is a problem with paypal..It simply cannot happen
     
    Awareness, Jul 31, 2007 IP
  3. priyakochin

    priyakochin Banned

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    #3
    I don't think so ; Xoom only gives less exchange rates.
    Check it!

    Before few days (25th July) I have seen that my Google Adsense Exchange rate as :

    Exchange Rate : 40.059INR : 1USD
     
    priyakochin, Jul 31, 2007 IP
  4. Blogspotter

    Blogspotter Notable Member

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    #4
    Yeah, XOOM deducted thier charge during the conversion :)

    When will rupee depreciate :(
     
    Blogspotter, Jul 31, 2007 IP
  5. mydomainoffer

    mydomainoffer Guest

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    #5
    good to know;
     
    mydomainoffer, Jul 31, 2007 IP
  6. ShReYaS

    ShReYaS Peon

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    #6
    I dont think XOOM updates the price regularly..

    When the price was 42 odd in the market too XOOM offered only 39.7 or something
     
    ShReYaS, Jul 31, 2007 IP
  7. deluxdon

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

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    #7
    No shreyas thats not true.

    Xoom updates the price daily. Yesterday they offer 1$=39.27 INR and today they offer 1$=39.12 INR. There is always difference of +-.12 to .15 INR.
     
    deluxdon, Jul 31, 2007 IP
  8. ShReYaS

    ShReYaS Peon

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    #8
    Actually it happened with me...

    I was checking their site for a week before I got a payout.. The price in real market was about 42+ but XOOM price I got was just 39+
     
    ShReYaS, Jul 31, 2007 IP
  9. priyakochin

    priyakochin Banned

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    #9
    42+ INR ?
    When was that much exchange rate ?
     
    priyakochin, Jul 31, 2007 IP
  10. ShReYaS

    ShReYaS Peon

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    #10
    That was not in XOOM, it was real trade I saw in CNBC TV18 around a month back...
     
    ShReYaS, Jul 31, 2007 IP
  11. vaideswaran

    vaideswaran Banned

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    #11
    Hello Shreya & Priya, Dollar rate never crossed Rs.41 in last two months. I read in many magazines that this will continue for another 4-6 months. If dollar rate increases, everyone would be happy. I would be one of the members to gain more money. Who wants to lose extra money?
     
    vaideswaran, Jul 31, 2007 IP
  12. priyakochin

    priyakochin Banned

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    #12
    You are right.I am only getting the exchange rates as 39.xx or 40 but today paypal pay me 40.50

    Thankz
     
    priyakochin, Jul 31, 2007 IP
  13. kittyluver

    kittyluver Notable Member

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    #13
    Wow...Nice post. Thanks for your update. I am running towards paypal site to place withdraw check. Thanks!!!
     
    kittyluver, Jul 31, 2007 IP
    priyakochin likes this.
  14. johnwoof

    johnwoof Peon

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    #14
    Hi

    good i m right as i posted in my other thread xoom is making more $$$ by not giving right rates


    thanks
     
    johnwoof, Jul 31, 2007 IP
  15. parab

    parab Banned

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    #15
    Thanks for educating us....

    will take care next time :rolleyes:
     
    parab, Jul 31, 2007 IP
  16. vaideswaran

    vaideswaran Banned

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    #16
    Xoom service is reliable one many of my contacts are utilizing it to get Paypal funds converted to INR. If we have similar trusted exchange service for Moneybookers, Alertpay, Egold with standard rates, it would be better. Paypal is a good option for Indian members.
     
    vaideswaran, Jul 31, 2007 IP
  17. anthonyn

    anthonyn Well-Known Member

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    #17
    I agree to you as far as the paypal review is concerned. Regarding zoom, well I have not tried the service. But zoom have high exchange charges. Also zoom service is available via certain banks which is not easily and has a lot of bank formalities. Correct me if I am wrong.
     
    anthonyn, Jul 31, 2007 IP
  18. izwanmad

    izwanmad Banned

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    #18
    this is the problem with paypal. I also can't withdraw from paypal directly. I'm from malaysia.
     
    izwanmad, Aug 1, 2007 IP