::paypal withdrawal question::

Discussion in 'PayPal' started by olddocks, Apr 3, 2008.

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  1. #1
    say i have $500 left in my account and i want to withdraw $800 to my bank account. will it work? i have verified paypal account.
     
    olddocks, Apr 3, 2008 IP
  2. Rushh

    Rushh Well-Known Member

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    #2
    Nope, will not work..

    You can only withdraw what you have.
     
    Rushh, Apr 3, 2008 IP
  3. jackass2007

    jackass2007 Peon

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    #3
    Quite obvious you can't. You can only withdraw what you have current balance(cleared ;)) in your account.
     
    jackass2007, Apr 3, 2008 IP
  4. secadept

    secadept Peon

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    #4
    Its not possible. You can only withdraw what you have in your account.
     
    secadept, Apr 3, 2008 IP
  5. olddocks

    olddocks Notable Member

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    #5
    how about if i have credit card attached? i know they will charge credit card for sending money (incase sending funds insufficient) but is that possible for withdrawal?
     
    olddocks, Apr 3, 2008 IP
  6. astup1didiot

    astup1didiot Notable Member

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    #6
    Nope, that is illegal actually because that would be considered a cash advance but wouldn't be treated as one.
     
    astup1didiot, Apr 3, 2008 IP
  7. eddy2099

    eddy2099 Peon

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    #7
    Yes, cash advances is prohibited and you cannot use paypal for that purpose. Besides you cannot use Paypal to pay yourself.

    However if you really need the money, you should be able to use your credit card in an ATM machine to do a cash advance that way. However, it is not free and if the way the credit cards works the same here as in Singapore, your interest billing would start on the day you do the withdrawal.

    https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/USUA-outside#restricted-policy

     
    eddy2099, Apr 3, 2008 IP