Transfering PP credits to bank account in India..

Discussion in 'Payment Processing' started by abhinay.jain90, Aug 19, 2009.

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  1. #1
    Hey guys,
    I want to transfer about $200-500 on regular basis from my PP to my bank account in India(Canara Bank, IIT Powai branch if that matters).. and I've come across this xoom thingy which seems all right and has good ratings in WOT..
    I know paypal offers the same service but AFAIK it charges a lot for currency conversion and xoom does not..
    And yeah if that matters, the PP account is verified with the same bank account(not a CC but the account.)

    So I'd like any help from who has used xoom about it's charges and the time it takes and the reliability(I heard there are some issues with paying "Intra-India" as Govt. doesn't but I hope that shouldn't be an issue since PP is a German Firm)

    Also I'd love to know about any other alternatives I can use for the same..

    Any help would be appreciated..
    Thanks in advance
     
    abhinay.jain90, Aug 19, 2009 IP
  2. chandan123

    chandan123 Prominent Member

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    #2
    $200-500 transfer it should free in paypal :) they charge 50 Rs inr if amount is below 7K INR

    just withdraw when $ rate is good ;)
     
    chandan123, Aug 19, 2009 IP
  3. hostinghelp24

    hostinghelp24 Banned

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    #3
    withdraw from usa completely free. So,why not try to withdraw from taking help any of your USA friends?
     
    hostinghelp24, Aug 19, 2009 IP
  4. chandan123

    chandan123 Prominent Member

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    #4
    he have an indian bank and just trying to compare bank withdraw and xoom

    why he should use withdraw to usa :D
     
    chandan123, Aug 19, 2009 IP
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  5. abhinay.jain90

    abhinay.jain90 Active Member

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    #5
    Thanks, But do I get the full amount??.. I mean doesn't PP charge some currency conversion fee?? Because I remember paying about Rs50.10/$(the rate was 48.xx) when I credited my PP with a friend's CC..

    chandan is right.. If I cash the money USA acc.. the problem of transferring it back to India would still be an issue
     
    abhinay.jain90, Aug 19, 2009 IP
  6. chandan123

    chandan123 Prominent Member

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    #6
    i think its giving 46.xx Rs/$ while withdrawing now , as it depends on current rate too

    but u can check the rate while withdrawing so minimum 150+$ u will get full amount ( normally 150$ gives 7K INR so no charge ) if u withdraw less than that then paypal deducts 50 Rs fee per such transactions.

    unless some one xoom users post the benefits we can't differentiate :eek:
     
    chandan123, Aug 19, 2009 IP
  7. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #7
    Its better to directly transfer your money using Paypal rather than going for XOOM.

    And if you have to withdraw PayPal won't take even a single cent as fee.

    - Digital -
     
    Digital_shubhi, Aug 19, 2009 IP
  8. shivshanke

    shivshanke Peon

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    #8
    paypal is trusted and has lasted in this world for past 10 years ,although it provides some transaction fees it guarantees that you will get your money
     
    shivshanke, Aug 19, 2009 IP