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PayPal balance was auto withdrawn

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

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  1. Ragu_007

    Ragu_007 Well-Known Member

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    #61
    You should have minimum balance of $10.
     
    Ragu_007, Sep 14, 2011 IP
  2. karthimx

    karthimx Prominent Member

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    #62
    ok cool, I have $100 plus which was auto withdraw day before yesterday and now I have around $11 but its not auto withdraw yet..

    So is there any minimum amount?

    I think its not $10 if so my amount has to be auto withdraw.
     
    karthimx, Sep 14, 2011 IP
  3. adda4u

    adda4u Well-Known Member

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    #63
    Damn

    -Rs.4.61 INR

    Auto withdrawn

    How to hold it?
     
    adda4u, Sep 14, 2011 IP
  4. deluxdon

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

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    #64
    Very strange :/ Only Rs. 4.61 ??????? Don't know whats going on at paypal..!!

    DON.
     
    deluxdon, Sep 14, 2011 IP
  5. itismine

    itismine Active Member

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    #65
    That would be a typo.The exchange rate is
    Exchange rate: 1 US Dollar = 46.1272 Indian Rupees
     
    itismine, Sep 14, 2011 IP
  6. OmarJames

    OmarJames Member

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    #66
    Hey guys, does this mean that paypal will withraw every money you got daily? So what if it is below paypal's minimum withrawal? We lose money with the pp charge right?

    OJ
     
    OmarJames, Sep 14, 2011 IP
  7. humm

    humm बहादुर बच्चा

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    #67
    Had a auto withdrawal yet again at Exchange rate: 1 US Dollar = 46.1272 Indian Rupees around 5.30AM IST
     
    humm, Sep 14, 2011 IP
  8. adda4u

    adda4u Well-Known Member

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    #68
    Yea yesterday some unknown guy sent me 0.10USD today morning around 4-5 i hope i recd mail saying auto withdraw happen

    4.61 Really i m afraid to see that
     
    adda4u, Sep 14, 2011 IP
  9. jitendraag

    jitendraag Notable Member

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    #69
    This activity has far more bigger implications than most people here are realizing.

    1. Their Indian bank charges INR 100 + service tax for every FIRC document. Earlier you spent close to 400 Rs. per month to avoid service tax, now it will be INR 3000 per month.
    2. Your accountant will have 365x2 extra line entries while accounting (that's huge considering most small businesses/freelancers would have less than 1000 entries in all in a year).
    3. Any refund requests or chargebacks would cause loss because of paypal's buying and selling rates have a HUGE difference.
     
    jitendraag, Sep 14, 2011 IP
  10. shubhank008

    shubhank008 Active Member

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    #70
    Since they withdraw daily, now atleast wont have to worry for them to permanent limit the account or cause problems and hold money for no reason for Indians

    Good thing they are doing but daily change of conversion rate will affect me a bit :(
     
    shubhank008, Sep 14, 2011 IP
  11. linksboy

    linksboy Member

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    #71
    how come ? i never have this experience with paypal
     
    linksboy, Sep 14, 2011 IP
  12. shubhank008

    shubhank008 Active Member

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    #72
    I had, they just limited my account with $350 in it last year and started asking irrelevant proofs like bill or invoice of item shipped while what I received payments were all services and such things
     
    shubhank008, Sep 14, 2011 IP
  13. deluxdon

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

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    #73
    Then just let them know that it's not for physical goods.

    DON.
     
    deluxdon, Sep 14, 2011 IP
  14. FreeFun4Every1

    FreeFun4Every1 Prominent Member

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    #74
    didn't get it what paypal is doing now??
    before they are cutting 50 Rs. for <7000 and now they are transferring <5 freee
    very strange :p
     
    FreeFun4Every1, Sep 14, 2011 IP
  15. bhavin12300

    bhavin12300 Peon

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    #75
    one question experts.
    this auto withdawala policy is for paypal.
    any guess this will also happen with other sites. like ODESK which also support withdrawal to bank account INR.
    just want to know.
     
    bhavin12300, Sep 14, 2011 IP
  16. unna

    unna Well-Known Member

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    #76
    waat lage che................
     
    unna, Sep 14, 2011 IP
  17. deluxdon

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

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    #77
    All i can say is they need to follow RBI Guidelines sooner or later for sure.

    DON.
     
    deluxdon, Sep 14, 2011 IP
  18. expertofexperts

    expertofexperts Active Member

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    #78
    This has been found that they won't be deducting any charges for balance which is less than PP withdrawal money..
     
    expertofexperts, Sep 14, 2011 IP
  19. bhavin12300

    bhavin12300 Peon

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    #79
    thanks don.
     
    bhavin12300, Sep 15, 2011 IP
  20. unna

    unna Well-Known Member

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    #80
    I have 2 auto withdrawan with in 6 hours.

    One is around 6.30 AM of 15th Sept and other is just now around 1.00 PM today.
     
    unna, Sep 15, 2011 IP
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