minimum withdraw amount for paypal.

Discussion in 'PayPal' started by Pervert-For-Life, Nov 25, 2007.

  1. #1
    hello,

    i only want to know what is the minimum withdraw amount of paypal if i use my SBI account? my paypal is indian. i use to withdraw through checks where the min is $150. but since paypal add two more withdraw options, so i want to know the min withdraw amount for bank and as well as for creidt card. also if i use my SBI credit card to withdraw, then how will i get the money and how will i know the money is transfered to my credit card.
     
    Pervert-For-Life, Nov 25, 2007 IP
  2. deluxdon

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

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    #2
    Don't know about credit card withdrawal as not yet tested but regarding bank withdrawal there is no minimum withdrawal limit but you have to pay 50 INR if you withraw amount less than 7000 INR and there is no fee if you withdraw amount greater than 7000 INR.
     
    deluxdon, Nov 25, 2007 IP
  3. Pervert-For-Life

    Pervert-For-Life Banned

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    #3
    so that means i can withdraw $20 from my account just by paying Rs.50?? then its cool...
     
    Pervert-For-Life, Nov 25, 2007 IP
  4. izeaus

    izeaus Banned

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    #4
    I think you did not understand .
    If you have $20 in your account and you want to withdraw using paypal , total money recieved by you would be = $20 X 38.10 = Rs 762 - Rs 50 = Rs 712

    So what is there in your mind to withdraw Rs 712 and wait for three days for the money to arrive.

    And Again the limit for Indian transfers using EFT the limit is 1 lakhs INR at the moment (for most banks, even according to your Account as well. Mine has a limit of 2 Lakhs daily EFT send or Recieve in Axis Bank ) and if you want to transfer funds from Paypal in SBI then ask your Bank officials what is the limit of daily transaction in your Bank's Account
     
    izeaus, Nov 25, 2007 IP
  5. infogle

    infogle Prominent Member

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    #5
    Min withdrawal to your bank account in INR has the limit of $10 you cannot withdraw less than $10
     
    infogle, Nov 25, 2007 IP
  6. niran_amarnath

    niran_amarnath Peon

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    #6
    If you have $20 in your account and you want to withdraw using paypal , total money recieved by you would be = $20 X 38.10 = Rs 762 - Rs 50 = Rs 712

    This is 100% right! I think PayPal will charge you about 2.15% (NOT SURE) for the currency conversion; that is, to convert your money from US$ to Indian Rs/-
     
    niran_amarnath, Nov 25, 2007 IP
  7. Pervert-For-Life

    Pervert-For-Life Banned

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    #7
    i have around $59 but i want to test the bank withdraw just for once to see how it works.... so i decided to withdraw only $20 from my acc. that is why i want to withdraw only $20:D just to try this new option...:D

    one more question... can i also add fund from my bank to my paypal acc.? or for now adding fund is not possible?
     
    Pervert-For-Life, Nov 26, 2007 IP
  8. izeaus

    izeaus Banned

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    #8
    No Funds from Indian banks are not allowed to add funds in Paypal
     
    izeaus, Nov 26, 2007 IP
  9. inworx

    inworx Peon

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    #9
    Miniumu Withdrawal amount for Check - $150
    Minimum Withdrawal Amount for Bank Transfer and Credit Card withdrawal - $10
     
    inworx, Nov 26, 2007 IP
  10. Pervert-For-Life

    Pervert-For-Life Banned

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    #10
    thanks for all the info... i will try bank withdraw soon...
     
    Pervert-For-Life, Nov 26, 2007 IP
  11. Pervert-For-Life

    Pervert-For-Life Banned

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    #11
    Pervert-For-Life, Nov 27, 2007 IP
  12. izeaus

    izeaus Banned

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    #12
    Did you check accordingly .. If this is correct then you would be able to get your payment otherwise you would be charged INR 250
     
    izeaus, Nov 27, 2007 IP
  13. Pervert-For-Life

    Pervert-For-Life Banned

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    #13
    yes i check and double check and finally i made the withdraw today.... and it says it will take 5 to 7 day for paypal to send the money into my bank... so i am waiting for my money now.... so lets home i get the money after 7 days....
     
    Pervert-For-Life, Nov 28, 2007 IP