Paypal - Just found something new - Withdraw to your Card !

I just found a new option while withdrawing paypal funds.

Called - "withdraw to your card"

Has anybody got it or tried it ?

Really excited..

(previously i had paypal check withdrawal option only )

 

great find i fill just check out know

 

wow....must be a new feature. Thanks for pointing that out. .

However, I would lose an additional 3.5% (foreign exchange conversion fee).

 

Where does it say ?

Paypal will take 5$ as a fee...

 

The bank will deduct it..always does..even when it is just a refund from a Paypal transaction.

 

3.5% is a currency conversion charge for credit cards.
But what if paypal send us in Rupees ?

Also do indian banks allows receiving funds in credit cards? (major concern )

 

Good point.

I guess someone will have to try it out. .

Is there anyone from India here who has Paypal balance to withdraw?

 

Yeah I tried it already.. I withdrawed it in my Debit card..

 

BTW - the minimum limit is 10$.. so try it for me

Which country ? How many days it took

 

it took me 4 days.. with $5 processing fee Philippines..

 

Paying $5 to Paypal for withdrawing $10 doesn't make sense. .

 

thats 50% the fee they charge right..
DAMN

are you sure PGX

 

I withdraw $300+ but they only charge me $5..
much lesser than xoom.. hehe

 

lol, 5$ fee is right but it takes 5-7 business days, not 4 days

also, the Visa or MasterCard company will charge u 3.5% rate for the conversion fee ($ --> Peso) lol

 

I've done it b4 they charge but what can you do =/ If your in the UK then you know about Paypal Credit Cards :], they are linked to your account, and you can use them anywhere :], I hope this comes out in Canada soon

 

oh, it is very good idea, i should apply a credit card as soon as possible

 

I noticed this feature aswell but didnt tried it as it said that funds will be withdrawn in USD and I am not sure about the conversion fees which the bank/CC processor might charge.
Will wait for someone to try it first

 

But just underneath it says " current conversion calculator"
So is paypal not paying in rupees or other currencies ?

 

When I clicked Withdraw>Card Option> Then below the box where we need to enter the amount it says that the funds will be withdrawn in USD. So, I am not sure about this. Better to drop em an email =]

Edit::
I guess its in USD cos on the next page it reads " Amount to Card : ____USD " and the withdrawal fee is $5. Again, its better to write em an email about this.