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PayPal balance was auto withdrawn

Discussion in 'PayPal' started by karthimx, Sep 12, 2011.

  1. deluxdon

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

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    #201
    Today morning at 6.25 am got email that "Your PayPal balance was auto withdrawn". Not sure how it works (daily,after specific amount) :confused:

    DON.
    SEMrush
     
    deluxdon, Sep 29, 2011 IP
    SEMrush
  2. petermorris

    petermorris Active Member

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    #202
    I got a CC against FD from ICICI. I linked CC to my paypal and confirmed it with 4 digit code. My PP account is showing it is verified and all sending and receiving limits are removed, but when I tried to send money to any one it show an error my account is not verified I need to verify my account to send money.

    I don't know why it is happening with me. Can anyone help me about this.

    it is very important for my online business please help me guys.
     
    petermorris, Sep 30, 2011 IP
  3. dilon

    dilon Well-Known Member

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    #203
    Wait for 24 hours!! Then after, you can send a money over the internet. (Exclude India)
     
    dilon, Sep 30, 2011 IP
  4. karthimx

    karthimx Prominent Member

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    #204
    Yes the amount auto withdraw for me to today. not sure its daily or weekly. need to wait and see.
     
    karthimx, Sep 30, 2011 IP
  5. merlinseo

    merlinseo Well-Known Member

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    #205
    Its working again since last 2days , got auto withdrawal within 24hrs

    May be it make take 1 day before you can send.
    Also are you sending it to someone outside india or within india ?
     
    merlinseo, Oct 1, 2011 IP
  6. petermorris

    petermorris Active Member

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    #206
    I have verified my account with credit card 4 days ago but still cant send money.

     
    petermorris, Oct 1, 2011 IP
  7. petermorris

    petermorris Active Member

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    #207
    I have verified my account with credit card 4 days ago but still cant send money.

    I need to send money outside india and within india.


     
    petermorris, Oct 1, 2011 IP
  8. karthimx

    karthimx Prominent Member

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    #208
    what error message you are getting?
     
    karthimx, Oct 2, 2011 IP
  9. abiji

    abiji Active Member

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    #209
    Somehow my PP forgot to enable Auto Withdrawal on my account. I received a Payment of 550 on 22nd September and $400 on 30th. I just withdrew the 550 few minutes back and $400 are still there.
     
    abiji, Oct 2, 2011 IP
  10. FreeFun4Every1

    FreeFun4Every1 Prominent Member

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    #210
    Then you are the lucky one in thousand people but wait they are applying lately in all accounts... Good luck
     
    FreeFun4Every1, Oct 2, 2011 IP
  11. FreeFun4Every1

    FreeFun4Every1 Prominent Member

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    #211
    I have only one question regards Auto Withdrawal let assume this case and tell me what happen??

    if you got $300 payment and that will auto withdrawal :( and that day bank holiday is there or when they are transferring money to your Indian Bank account that time bank holiday in India so what will happen??
    Payment Reverse?? or they Hold it until bank open??
    If Reverse then again Auto Withdrawal :( and paypal fees sucks. They charge so much if payment reverse


    If any one have any idea about this then please share here.
    Thanks & Regards
    Jaimin
     
    FreeFun4Every1, Oct 2, 2011 IP
  12. abiji

    abiji Active Member

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    #212
    They won't reverse the payment. It will be credited to your BANK account a day later i guess
     
    abiji, Oct 2, 2011 IP
  13. Guisbar

    Guisbar Well-Known Member

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    #213
    Earlier whіlе the India specific policy wаs changed by paypal, they had informed you that you hаvе to withdraw funds withіn 7 days.

    As usual majority of Indian paypal users nеvеr complied sо thеy introduced auto withdrawal.

    Now, thіs hаs nоt happened with mе yet, so сan nоt say if theу arе deducting thе withdrawal fee іf amount іs bеlоw INR 7k (as thеy have mentioned оn there fee/charges page), but if theу arе deducting thеn it іs аgaіn a smart (in a way corrupt) move by thеm tо earn extra money frоm you.

    They аre not allowing transaction over USD 500.00, bеcаusе thеn thеy wіll hаvе to do full accounting and reporting to Indian authorities aѕ рer Indian accounts system.

    They are paying you іn INR, аgain earning thrоugh forex, аlsо how mаny of yоu аѕk them fоr forex certificate (I forgot thе exact name, it was mentioned in the previous thread bу a member) tо claim foreign exchange earning benefits?

    Why theу аre not registering аnd operating аs a bank, similar tо whаt theу have donе in Europe, when it іs allowed bу RBI.

    Whatever setup they hаve currently, it is they who аrе dealing іn foreign currency not you, sо 7 days rule applies on thеm аnd nоt you, theу саn easily kеeр all thе funds in theіr Citi Bank account here, аnd саn allow уou tо withdraw funds as and when you want, othеrwiѕe theу ѕhould pay уou іn foreign currency and let уour bank decide the currency conversion rate (they are earning оn it too).
     
    Guisbar, Oct 2, 2011 IP
    Digital_shubhi likes this.
  14. Digital_shubhi

    Digital_shubhi Prominent Member

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    #214
    No, they are not taking any fee for any kind of withdrawal made. :eek:
     
    Digital_shubhi, Oct 2, 2011 IP
  15. FreeFun4Every1

    FreeFun4Every1 Prominent Member

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    #215
    I also guess so but want to know exact rule what is the process exactly done in background at that time?
     
    FreeFun4Every1, Oct 2, 2011 IP
  16. petermorris

    petermorris Active Member

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    #216
    This is the error I got

    Sorry, we can't complete this transaction right now. Please finish the card confirmation process first, then try this payment again.

     
    petermorris, Oct 3, 2011 IP
  17. karthimx

    karthimx Prominent Member

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    #217
    This means you have not confirmed the card yet.

     
    karthimx, Oct 5, 2011 IP
  18. Ragu_007

    Ragu_007 Well-Known Member

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    #218
    They are asking you to verify your card. You need to verify it.
     
    Ragu_007, Oct 5, 2011 IP
  19. Dhaval1983

    Dhaval1983 Peon

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    #219
    My funds was also auto withdrawn but I was not charged for any withdrawal amount.
     
    Dhaval1983, Oct 5, 2011 IP
  20. karthimx

    karthimx Prominent Member

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    #220
    Its free for Indian account withdraw, even for $1 :)
     
    karthimx, Oct 6, 2011 IP