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Paypal India Remove Withdrawal Fee

Discussion in 'PayPal' started by raoraj, Aug 30, 2011.

  1. #1
    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.
     
    raoraj, Aug 30, 2011 IP
  2. deluxdon

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

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    #2
    They have implemented this since last few days alongwith 'Auto Withdrawal' option.

    DON.
     
    deluxdon, Aug 31, 2011 IP
  3. Ragu_007

    Ragu_007 Well-Known Member

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    #3
    PayPal removed the withdrawal fee before a month.
     
    Ragu_007, Aug 31, 2011 IP
  4. fastvpn

    fastvpn Peon

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    #4
    It's great, But if they wont another way to charge us.
     
    fastvpn, Aug 31, 2011 IP
  5. bharatmax

    bharatmax Member

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    #5
    That's fantastic move. :)
     
    bharatmax, Aug 31, 2011 IP
  6. sam10

    sam10 Peon

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    #6
    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?
     
    sam10, Aug 31, 2011 IP
  7. karthimx

    karthimx Notable Member

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    #7
    Yes this was a great news at-last for Indians and this has been implemented few days before.
     
    karthimx, Aug 31, 2011 IP
  8. kiranheartbeats

    kiranheartbeats Well-Known Member

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    #8
    It's a good move but they take that fees in low conversion rate :( .
     
    kiranheartbeats, Sep 1, 2011 IP
  9. luthfifuadi

    luthfifuadi Peon

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    #9
    when in my country Indonesia?? :confused:
     
    luthfifuadi, Sep 1, 2011 IP
  10. karthimx

    karthimx Notable Member

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    #10
    Conversion rate is $1.5 less even before the withdraw fee removed.
     
    karthimx, Sep 1, 2011 IP
  11. dpsubi1

    dpsubi1 Notable Member

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    #11
    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%
     
    Last edited: Sep 1, 2011
    dpsubi1, Sep 1, 2011 IP