PayPal and Forex?

Discussion in 'PayPal' started by Penicillin, Nov 30, 2009.

  1. #1
    Hello
    Does PayPal allow to receive funds about $600 from Forex?
    Is it good option? or will it cause a limitation on my PP account?

    P.S. My PayPal account is a US-verified account.

    Thanks
     
    Penicillin, Nov 30, 2009 IP
  2. Moses8595

    Moses8595 Peon

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    #2
    Never heard this before...I think you can not receive funds from Forex
     
    Moses8595, Nov 30, 2009 IP
  3. RightMan

    RightMan Notable Member

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    #3
    Kindly elaborate a little more on your question... what do you mean by receiving from forex?

    If you mean receiving the funds from a forex dealer or exchange, there should not be any problem as long as the sending party has the facility to remit funds in Paypal.

    Regards,

    RightMan
     
    RightMan, Nov 30, 2009 IP
  4. Penicillin

    Penicillin Greenhorn

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    #4
    Thanks for replying
    Let's say I have earnings about $600 from Forex dealer, and it accepts PayPal for withdrawing those earnings.
    Is it legal and safety to do that?
    Thanks
     
    Penicillin, Dec 1, 2009 IP
  5. RightMan

    RightMan Notable Member

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    #5
    Absolutely...you can receive funds in your Paypal from any authorized forex dealer/exchange and it would be perfectly legal and safe.
    Paypal surely would not have any problem with such transaction... as long as it originates from a legal source.

    Regards,

    RightMan
     
    RightMan, Dec 1, 2009 IP
  6. kind_of_the_cash

    kind_of_the_cash Active Member

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    #6
    There is no problem you can withdraw any amount also your account us-verified and there is sky is the limit :D
     
    kind_of_the_cash, Dec 1, 2009 IP
  7. mentos

    mentos Prominent Member

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    #7
    Yes its no problem.
    I also do this way last time.
    But due to the paypal fee,i switch to wire transfer.
     
    mentos, Dec 1, 2009 IP
  8. dollarshower

    dollarshower Active Member

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    #8
    It's possible, but not all forex trading sites allow PayPal transfer... Also, the fee is high.
     
    dollarshower, Dec 3, 2009 IP
  9. iwillguide

    iwillguide Peon

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    #9
    hello
    we could receive funds from forex but it might be sometimes a problem with private offshore forex brokers ..if you use retail forex broker then you wont have such problems because they are verified by verisign and paypal .here some retail forex brokers forexplatformslist.com .
     
    iwillguide, Dec 3, 2009 IP