please can somebody clarify? 1. can i keep balance in paypal for 15-20 days? 2. does the 7 day rule apply for only exporters or all indians? 3. What if i dont do the withdrawal once in 7 days?
Either they implement or not at last you are gonna withdraw only as you can't do anything else with it.
Don't worry about it until you get an email from paypal regarding the update for 7 day withdraw rule.
1)Dont worry about 7 day Paypal withdrawl rule.It is still not implemeneted yet.You cna keep balance for 15-20 days. 2)i think 7 days rule will be applied for all Indians 3) Your third anwer can olny anwer ed by Paypal.mostly if you dont withdraw,direct withdrawl will happen to your bank account from your Paypal account
You can't make use of those fund. They just sit there in PayPal. So Why to take risk?? Just withdraw it
once we withdrew in 7 days after 20 days i want to give refund then? i need to pay 2 time currency convention charge?
If someone sent me 200$ and if he asks for refund and if i refund him,then will 200$ be refunded from my Paypal balance or it will be charges from my Credit Card attached to my Paypal account?
but i have to pay 2 times currency conversion charge and both i lost some money if i refund full amount?
yes, money will be charged to your credit card. Keep in mind that ,once you signup your credit card, paypal will take money whenever they want!
There is one risk , if you recieve money from your customers and you didnt withdraw it then if your customer make dispute then you will be fucked up , But if you regularly withdraw and make your pp account always 0$ then no dispute will be made only if your customer not send you money from CREDIR CARD or DIRECT BANK account. Only if any of your customer send you money from CC or DIRECT BANK then they can do chargeback within at least 140 days ... otherwise no dispute will be made , so its better to clear paypal always and keep it 0.00$ No risk then .... or if any dispute happens it can lead you to MINUS ... Experinced scam over 500$ ..