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

Discussion in 'PayPal' started by MeetHere, Sep 30, 2007.

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  1. #1
    I just found a new option while withdrawing paypal funds.

    Called - "withdraw to your card"

    Has anybody got it or tried it ?

    Really excited.. :cool:

    (previously i had paypal check withdrawal option only )
     
    MeetHere, Sep 30, 2007 IP
    Manju99 and sachin410 like this.
  2. leede

    leede Guest

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    #2
    great find i fill just check out know
     
    leede, Sep 30, 2007 IP
  3. sachin410

    sachin410 Illustrious Member

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    #3
    wow....must be a new feature. Thanks for pointing that out. :D.

    However, I would lose an additional 3.5% (foreign exchange conversion fee).
     
    sachin410, Sep 30, 2007 IP
  4. MeetHere

    MeetHere Prominent Member

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    #4
    Where does it say ?

    Paypal will take 5$ as a fee...
     
    MeetHere, Sep 30, 2007 IP
  5. sachin410

    sachin410 Illustrious Member

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    #5
    The bank will deduct it..always does..even when it is just a refund from a Paypal transaction.
     
    sachin410, Sep 30, 2007 IP
  6. MeetHere

    MeetHere Prominent Member

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    #6
    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?:confused: (major concern )
     
    MeetHere, Sep 30, 2007 IP
  7. sachin410

    sachin410 Illustrious Member

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    #7
    Good point.

    I guess someone will have to try it out. :confused: :confused:. :eek:

    Is there anyone from India here who has Paypal balance to withdraw?
     
    sachin410, Sep 30, 2007 IP
  8. pgx

    pgx Banned

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    #8
    Yeah I tried it already.. :) I withdrawed it in my Debit card.. :D
     
    pgx, Sep 30, 2007 IP
  9. MeetHere

    MeetHere Prominent Member

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    #9
    BTW - the minimum limit is 10$.. so try it for me :D

    Which country ? How many days it took :)
     
    MeetHere, Sep 30, 2007 IP
  10. pgx

    pgx Banned

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    #10
    it took me 4 days.. :) with $5 processing fee Philippines..
     
    pgx, Sep 30, 2007 IP
  11. sachin410

    sachin410 Illustrious Member

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    #11
    Paying $5 to Paypal for withdrawing $10 doesn't make sense. :p.
     
    sachin410, Sep 30, 2007 IP
    MeetHere likes this.
  12. Hawk_eye

    Hawk_eye Peon

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    #12
    thats 50% the fee they charge right..
    DAMN

    are you sure PGX
     
    Hawk_eye, Sep 30, 2007 IP
  13. pgx

    pgx Banned

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    #13
    I withdraw $300+ but they only charge me $5.. :)
    much lesser than xoom.. hehe
     
    pgx, Sep 30, 2007 IP
  14. richman7

    richman7 Banned

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    #14
    lol, 5$ fee is right but it takes 5-7 business days, not 4 days :confused:

    also, the Visa or MasterCard company will charge u 3.5% rate for the conversion fee ($ --> Peso) lol
     
    richman7, Sep 30, 2007 IP
  15. AliQureshi

    AliQureshi Well-Known Member

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    #15
    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
     
    AliQureshi, Sep 30, 2007 IP
  16. foreststone

    foreststone Peon

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    #16
    oh, it is very good idea, i should apply a credit card as soon as possible:D
     
    foreststone, Sep 30, 2007 IP
  17. mixke

    mixke Prominent Member

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    #17
    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 ;) :)
     
    mixke, Sep 30, 2007 IP
  18. MeetHere

    MeetHere Prominent Member

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    #18
    But just underneath it says " current conversion calculator"
    So is paypal not paying in rupees or other currencies ?
     
    MeetHere, Sep 30, 2007 IP
  19. mixke

    mixke Prominent Member

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    #19
    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.
     
    mixke, Sep 30, 2007 IP
  20. deluxdon

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

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    #20
    Thats really good withdrawal option IMO :) But we have to work out first total how much deduct while transfer to card and when funds available at our card. If someone from india give it a try then let us know all about it please ;)
     
    deluxdon, Sep 30, 2007 IP
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