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Paypal withdrawal

Discussion in 'PayPal' started by seoindiaweb, Sep 5, 2006.

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  1. saadahmed007

    saadahmed007 Admínistratör

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    #121
    But i think gCard is fast humm.You can withdraw money from atm machine whenever you want ;)
    Saad
     
    saadahmed007, Nov 29, 2006 IP
  2. humm

    humm बहादुर बच्चा

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    #122
    That's not legal dude... I need to pay income tax.. ;)
     
    humm, Nov 29, 2006 IP
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  3. saadahmed007

    saadahmed007 Admínistratör

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    #123
    But do you think they keep records of every person who withdraw funds from Atm machine?I withdraw around 600-700$ every month using Virtual money inc card and i dont think that Tax Income Officers can catch me
    No Tax!:D :p
     
    saadahmed007, Nov 29, 2006 IP
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  4. eXe

    eXe Notable Member

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    #124
    Like I said you are welcome to deposit the money you withdraw from the ATM into your bank account and then pay taxes on it.
     
    eXe, Nov 29, 2006 IP
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  5. humm

    humm बहादुर बच्चा

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    #125
    Yes but there is a difference between in cash deposit made and a cheque deposit made. These is something called as white and black in money. ;)
     
    humm, Nov 29, 2006 IP
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  6. eXe

    eXe Notable Member

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    #126
    No, it's "white" as long as you provide the right documentation while depositing it, the ATM withdrawal receipt for example & cite the source of income.
     
    eXe, Nov 29, 2006 IP
  7. humm

    humm बहादुर बच्चा

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    #127
    True... but in my case I have no time to run across the atm and then goto bank for deposit and then provide documents... :p

    Currently I am waiting for the daam exchange rate to go up! Exchange rate is terribly bad! :(
     
    humm, Nov 29, 2006 IP
  8. deluxdon

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

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    #128
    BTW whats the current exchange rate humm :confused: Is it below 44 INR ???
     
    deluxdon, Nov 29, 2006 IP
  9. saadahmed007

    saadahmed007 Admínistratör

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    #129
    What's exchange rate in India ?Over here 1$ is worth 60 Rs which is good rate :D
    Saad
     
    saadahmed007, Nov 29, 2006 IP
  10. eXe

    eXe Notable Member

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    #130
    I know:mad: After all the fees each dollar becomes hardly 41 rupees for me:mad:

    Lol we are probably the few Indians who want the rupee to get weaker against the dollar:D
     
    eXe, Nov 29, 2006 IP
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  11. eXe

    eXe Notable Member

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    #131
    I believe it's been between 44 to 46 for the past couple of months. But after deducting paypal fees, gCard or remit2india fees it becomes aproximately 41.

    Current rate: 44.720. Source: http://in.finance.yahoo.com/
     
    eXe, Nov 29, 2006 IP
  12. humm

    humm बहादुर बच्चा

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    #132
    Paypal:

    Exchange Rate: 1 U.S. Dollar = 43.5581 Indian Rupees :mad:

    Google sucked too:

    Gave me 44.50 exchange rate! :(

    Currently from what I see our market rate is: RS/$ 44.65 :eek:
     
    humm, Nov 29, 2006 IP
  13. sachin410

    sachin410 Illustrious Member

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    #133
    Google (Adsense) gives the best rate for the dollar. All others like Paypal give 2-5% below market rate.

    All exporters want the Rupee to weaken and all importers want it to strengthen. India is a net importer and thus a strong Rupee is better for the country as a whole.
     
    sachin410, Nov 29, 2006 IP
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  14. deluxdon

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

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    #134
    Thats what i think. Paypal rate is always 1 Rs.less than current market rate. Don't know how they calculate this :confused:
     
    deluxdon, Nov 29, 2006 IP
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  15. onedollar

    onedollar SEO Consultant for Hire

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    #135
    but remitindia also requires SSN and I don't think there's way around that;)

    and exporters also :D
     
    onedollar, Nov 29, 2006 IP
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  16. humm

    humm बहादुर बच्चा

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    #136
    Where are the old good days guys when paypal gave us 46rs/$ and same did google! :(

    In pakistan its 60rs/$ as saad said ... which is sexy! :eek:
     
    humm, Nov 29, 2006 IP
  17. eXe

    eXe Notable Member

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    #137
    There is if you have "friends" in the US with SSNs;)
     
    eXe, Nov 29, 2006 IP
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  18. saadahmed007

    saadahmed007 Admínistratör

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    #138
    Yes and it was 65 rs once i think 1 month ago..:eek: but now again down to 60 Rs per dollar which i think is still good:D
     
    saadahmed007, Nov 29, 2006 IP
  19. onedollar

    onedollar SEO Consultant for Hire

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    #139
    has anyone tried or had any success with a foreign currency account to take the benefits of the exchange rate?:)
     
    onedollar, Nov 29, 2006 IP
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  20. deluxdon

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

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    #140
    But 1 Indian Rupee = 1.35982 Pakistan Rupee

    So our 44 Indian Rupee = 59.83189 Pakistan Rupee

    So no difference ;)
     
    deluxdon, Nov 29, 2006 IP
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