Process of receiving money from PayPal via WIRE TRANSFER

I guess the title of the thread says it all. Could anybody pls elaborate ?

 

Well I am not sure...is it that PayPal started sending money through wires??

 

yes I heard that they are actually

 

They are currently testing this service by randomly choosing some guys.

They will implement it soon for sure.

 

strange! I have never seen WIRE option in withdrawal page of my paypal account. However if they introduce WIRE withdrawal, it will be a nice move for all who dont have bank withdrawal service in their country..

 

Hi
Let me know if they stooped the premium account too or else only the personal account so i change my account to personal in to premium

 

Well that 's confirmed Premium accounts are working fine.

 

Really so i can create a premium account and start using it in the mean time

 

yeah of course you can. Not sure whether you can get it verified using a bank account though , I mean right now when PP is not allowing bank withdrawals, but it should be possible to use VCC to verify ....

 

But even with premium account you cannot withdraw money to your bank at the moment....

 

When they will fix this issues :

 

yes, wire transfers done in foreign currency done from US, dont require RBI authorization. dont forget that minimum for any wire transfer would cost from $15-$25 per withdrawal.

 

Any Idea about when the paypal will fix the issue

 

Ya.Its true.But you have to wait for some time.

 

but for wire they have to pay more fees I guess.

 

can i withdraw from business account to bank?

 

oh this pp issue is getting on my nerves... all my money is stuck up there... dunno what to do