today when i withdrawing money from my Paypal Ac. their is no withdrawal fee applied. so they have removed this fee. Earlier it was INR 50 for less then INR 7000 withdrawal. so now its free one positive step from Paypal.
That's great to hear that, but r u sure that is the terms applied? As at last you will see the charges applied to it?
Also, now they clearly mentioned how much there will be hidden charges while converting currencies. like if you are getting money in usd and transferring to indian bank, they will charge 2.5% as a processing fee from current USD > INR conversion rate: There was a big story between my business and paypal and Indian Income tax department. In short, Income tax department asked me to produce the statement of conversion rate paypal use while converting Usd and INR. I have asked Paypal, initially they refused to give any information then later they said they won't provide unless I transfer $10000000 for every transfer (yes the amount is in USD; i hardly do $100 or $200 per transfer. lol); I have told the IT department what they told me. They said they will take necessary actions against paypal. Lol now they clearly mentioned that they will charge 2.5%. haha Previously it was charged without anyone's knowledge upto 3.5%