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PayPal India - Good News!

by howudoin
9 replies
Hi there,

I couldn't find mention of this anywhere on this forum, so thought appropriate to start a new thread.

PayPal India has recently done away with the withdrawal fee of Rs.50 for amount withdrawn to Indian bank accounts. So now you don't have to wait till you accumulate Rs.7000 (or the equivalent in dollars), so as to bypass the Rs.50 withdrawal fee.

I just did two withdrawal transactions right now (from separate accounts), both individually less than Rs.7000, and there was no fee in either of these transactions

Regards
#good #good bye #india #news #paypal #paypal india
  • Profile picture of the author renukoot
    Buddy but still the main factor - Can you use your paypal fund to shop
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    • Profile picture of the author howudoin
      Originally Posted by renukoot View Post

      Buddy but still the main factor - Can you use your paypal fund to shop
      NOPE!

      you need a credit card attached to your account to shop using Paypal
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  • Profile picture of the author webfighter
    Thanks for letting me know. Didn't realize this while withdrawing the Rs. 3000 last week. I guess this has to do with the new PayPal policy to withdraw funds within 7 days of their receipt into your PayPal account.

    edit: Guess the fee was waived only recently. You can clearly spot the difference when you go to the withdrawal page.
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    • Profile picture of the author howudoin
      Originally Posted by webfighter View Post

      Thanks for letting me know. Didn't realize this while withdrawing the Rs. 3000 last week. I guess this has to do with the new PayPal policy to withdraw funds within 7 days of their receipt into your PayPal account.
      Yeah.

      I also think that this has to do with the auto-withdrawal feature that they have implemented.

      In any case, at last something has worked in our favor
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  • Profile picture of the author lakshaybehl
    Now, let's hope they bring PayPal Pro to India real soon too...
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  • Profile picture of the author giddu
    Hey friend,

    This is a good news. PayPal is simply the best when online transaction comes. Thanks for your info though.
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  • Profile picture of the author adsense786
    yeh..this is good news .. but can't send money without credit card ..
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    • Profile picture of the author lakshaybehl
      Originally Posted by kaleelkr View Post

      yeh..this is good news .. but can't send money without credit card ..
      But I think sometime back they disallowed Indian merchants to sell stuff to Indians vis PayPal. Now that' royally sucks.
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      • Profile picture of the author howudoin
        Originally Posted by lakshaybehl View Post

        But I think sometime back they disallowed Indian merchants to sell stuff to Indians vis PayPal. Now that' royally sucks.
        I think you can still sell stuff to anybody provided they have a credit card attached to their PayPal account.
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