From http://pages.ebay.com.sg/sea/paypal/withdraw.html

We’re pleased to announce the launch of a new withdrawal feature, allowing you to transfer funds from your PayPal account to your Visa® branded credit, debit or prepaid card. This new feature will enable you to gain convenient access to your funds and is available in 26 countries, including Malaysia, India, Indonesia and the Philippines.

This is a BIG news for Paypal users like me because Paypal withdrawal by paper checks was a very slow process.

Further there is an option in my Paypal account now to order a Security key. Bad news is that when I tried to order a key I got the error message "The Security Key is currently not available. Please try again later". I just hope that they will soon have some Security keys available in the stock again.

Great stuff. Now this will come in handy. I just withdrawn an $15 test amount to my visa. Lets see how fast will it come.

Is India on the list for the new feature?

Edit: Just re-read it..it is :) Cool

Regards

I don't have that option in my Paypal business account. :(

Anyone else???


--Tina

They have a $5 fee per withdrawal?

Just got off the phone with someone at Paypal. Apparently, its only available outside the US. :(

--Tina

I don't have that option in my Paypal business account. :(

Anyone else???


--Tina

Same here i cant see anything new on my business account and it's as old as the hills.

I received that mail from the Paypal which informed me of this feature, a great news for us Indians, now we can withdraw our funds faster and securely.

Read more about it at http://pages.ebay.com.sg/sea/paypal/withdraw.html

And for charges etc at
https://www.paypal.com/us/cgi-bin/webscr?cmd=_display-xborder-fees-outside&countries=ROW

They also wrote:

Receive Money in Indonesia & the Philippines
In addition to the existing sending money capabilities and
the new withdrawal features, registered members in the
Philippines and Indonesia can now receive funds from
190 markets and 17 currencies.

They also wrote

Important: You'll need to be a verified member to use the new withdrawal feature. Learn about verification (known as the Expanded Use Program (http://pages.ebay.com.sg/paypalverified/verify.html)).

BTW can you people access the main Paypal URL https://www.paypal.com for me it says

The PayPal website is currently unavailable. We are actively working to restore access to the site as soon as possible.

We apologize for the inconvenience. Please check the PayPal Systems Board (http://announcements.paypal.com/us/) for possible updates.

Works for me, they must of sorted it.

Great stuff. Now this will come in handy. I just withdrawn an $15 test amount to my visa. Lets see how fast will it come.
Any news on the withdrawal?

Paypal will be more useful to me now.

w00t. Its there for the Indians at last!

Yes Ganesh, its there for us, but I have not tried it yet.

Sorry Friends.
I heard about No Indian Banks allow direct international deposit to Debit Cards. May be Credit card will work.

BIG new at good cost!

There is a withdrawal fee of US$5.00 (or local currency equivalent) per transaction. Currency conversion and return fees may also apply. Visit the fees page to learn more.

To bank account normally £0.50 pence under £50 or FREE over £50...

Its great news for indians. Seriously we have very few payment gateway options in india.

And currently most of the indians facing the problem of Mastercard discountinue problem with most of the gateways

Any news on the withdrawal?

Paypal will be more useful to me now.

I commenced it at 5 Oct 2007 it got processed into the card at 08 Oct 2007. Thats rather fast.

Fast & secure, a real good step by Paypal.

yea. and probably decimates the fraud too. think that some scammer withdrawing balance to scammed account holder's card.

I commenced it at 5 Oct 2007 it got processed into the card at 08 Oct 2007. Thats rather fast.
Great. Thanks for caring to update this thread.

Anyways which country are you from and also which card Visa or Master and whether a debit or credit card?

Sorry for asking so many questions but, since you have done the transfer little info won't hurt ;)

Great for Paypal, Indonesia Country now can fully use Paypal :)

Anyways which country are you from and also which card Visa or Master and whether a debit or credit card?

turkey, Normal Visa card, Turkiye Is Bankasi. this is a credit card.

Can't help but say this is a good development for me as well.

Can't help but say this is a good development for me as well.
Yeah. Very good development. I was reluctant to use Paypal because of limited/slow withdrawal option.

I will surely plan to use them now.

turkey, Normal Visa card, Turkiye Is Bankasi. this is a credit card.
Thank you very much for the info. It is appreciated.

An update.

I requested a withdrawal from Paypal to my ICICI bank credit card in India on 13-October-2007 (Saturday) just to test this service. Funds were credited to my card on 18-October-2007 evening. So 4 business days is what it took to complete the transfer, a significant improvement over the wait time for paper checks.

And its convenient too.

BTW did ICICI also charged something for the transaction, and what dollar conversion rates did they used. It will help if you can shed some light on this.

Exchange rate was $1=INR 37.82 and ICICI didn't charge anything separately. I think all the charges are built into the exchange rate.

This is something between paypal as a merchant provider and visa. therefore bank is irrelevant in this. your visa account as a credit holder gets credited.

Exchange rate was $1=INR 37.82 and ICICI didn't charge anything separately. I think all the charges are built into the exchange rate.
Hey,

When the funds are credit to your ICICI CC, can you withdraw them through the ATM or you have to spend them?

Hey,

When the funds are credit to your ICICI CC, can you withdraw them through the ATM or you have to spend them?

Amount that I withdrew was adjusted against the balance on my card. So I don't know for sure if one can withdraw the cash on ATM. Guess I need to test that too.

Also I don't know the fees that ICICI bank will charge for the withdrawal on ATM of the money credited by Paypal to a credit card. Otherwise ICICI and all other banks charge a hefty fees on the cash advance taken by withdrawals on ATM.

This is something between paypal as a merchant provider and visa. therefore bank is irrelevant in this. your visa account as a credit holder gets credited.

It is not so, Bank does have full role into it.

I am not sure how it works in the US or other countries, but here in India first thing to affect is conversion rate, secondly you are using bank's infrastructure so they can charge you for their services. Like just yesterday a friend of mine told me that HDFC Bank, which issued him Visa credit card, charges minimum of Rs. 500 per withdrawal when funds are from some outside country.

Now it also depends upon bank to bank, like just as iThink told ICICI bank paid him @INR 37.82 so there is a difference of approx Rs. 1.9 from the market rate (1 USD = 39.7775 INR), now if you are withdrawing USD 1000 from paypal to your CC Bank is earning 1000x1.9 = Rs. 1900/-.

But then still withdrawal of funds is the best option for us, in normal course, paypal will send you a paper cheque which can take anywhere between 10 to 20 days to arrive, then another few days for clearance, and here also conversion rates will apply plus cheque clearance fee.

Amount that I withdrew was adjusted against the balance on my card. So I don't know for sure if one can withdraw the cash on ATM. Guess I need to test that too.

Also I don't know the fees that ICICI bank will charge for the withdrawal on ATM of the money credited by Paypal to a credit card. Otherwise ICICI and all other banks charge a hefty fees on the cash advance taken by withdrawals on ATM.
AFAIK, ICICI treats withdrawal for ATM using a CC as some sorta loan and they charge you interest. That's the reason I asked coz it will be useless if I withdrew to my CC and can't get the actual money but, have to spend.

One work around could be to use ICICI's Card to Card Funds transfer i.e. from your CC to your Debit Card. But, we have to find out what will they treat that as.

But then still withdrawal of funds is the best option for us, in normal course, paypal will send you a paper cheque which can take anywhere between 10 to 20 days to arrive, then another few days for clearance, and here also conversion rates will apply plus cheque clearance fee.

If Paypal issues a cheque in Indian Rupees and sends you. Then there should not be ANY clearance fee. A rupees cheque is treated as a local cheque and cleared in the same way.

I've not used Paypal to withdraw funds but, I had received a cheque from Google Adsense in Rupees and the funds were credited to my account in 3 days like any normal cheque without any extra fees.

Google send you Rupee cheque from Citi Bank that get cleared in 3 days without any charges if you have Citi Bank branch in your city, if Citi Bank is not there in your city then it takes 12 to 15 days and outstation clearance fee too, and Citi Bank is present only in select few cities.

Paypal send USD check from some US bank, and that takes quite long for clearance and hefty charges.

This Is Cool News For Indians To Withdraw From PayPal Fast
Otherwise We Need To Use Services Like Xoom.com To Get Our Money From PayPal

Google send you Rupee cheque from Citi Bank that get cleared in 3 days without any charges if you have Citi Bank branch in your city, if Citi Bank is not there in your city then it takes 12 to 15 days and outstation clearance fee too, and Citi Bank is present only in select few cities.

Paypal send USD check from some US bank, and that takes quite long for clearance and hefty charges.
Perfectly Right.

Oh.. Paypal sends you a USD Cheque? I feel i've read somewhere that they send a cheque in INR.

This Is Cool News For Indians To Withdraw From PayPal Fast
Otherwise We Need To Use Services Like Xoom.com To Get Our Money From PayPal

xoom.com is also fine, we just have to see which service is cheaper and efficient, BTW I think xoom is using PNB for issuance of multicity checks in INR, this is good as PNB is having CBS branches in almost every city.

So just look at all options, calculate all the costs and then decide which one is best.

Some one today told me that Visa or MasterCard will also charge you 3.5% for the conversion fee when you withdraw using Credit Card in PayPal, in addition to the US$ 5 fee that paypal will charge for withdrawal. And then you also have to see what your bank will be charging for cash withdrawal through ATM.

xoom.com is also fine, we just have to see which service is cheaper and efficient, BTW I think xoom is using PNB for issuance of multicity checks in INR, this is good as PNB is having CBS branches in almost every city.

So just look at all options, calculate all the costs and then decide which one is best.

Some one today told me that Visa or MasterCard will also charge you 3.5% for the conversion fee when you withdraw using Credit Card in PayPal, in addition to the US$ 5 fee that paypal will charge for withdrawal. And then you also have to see what your bank will be charging for cash withdrawal through ATM.

Considering the various costs, I feel it's worthwhile to use withdraw to CC or DC only if you want the money speedily.

Also, the fact that so many Indian's use Paypal, I still wonder how they haven't gotten into any agreement with the new generation banks like ICICI/HDFC and so on.

Ebay already has a presence in India so it is not that difficult is it?

eBay is here in India, but I think its the gov policies that must be holding them back from offering full services like they are doing in US.

eBay is here in India, but I think its the gov policies that must be holding them back from offering full services like they are doing in US.
Probably you mean the RBI right?

RBI (http://www.rbi.org.in) and also the Ministry of Finance (http://www.finmin.nic.in).

Awesome, great news.

RBI (http://www.rbi.org.in) and also the Ministry of Finance (http://www.finmin.nic.in).
A bunch of idiots really.

I just tried to enter my ICICI visa (Debit) card details in the paypal profile, but they aren't accepting it. Doesn't Paypal accept debit card for Indian accounts? Any idea?

When I entered the cc details, its working fine.

I just tried to enter my ICICI visa (Debit) card details in the paypal profile, but they aren't accepting it. Doesn't Paypal accept debit card for Indian accounts? Any idea?

When I entered the cc details, its working fine.
NO, paypal doesn't accept ICICI Debit Cards, not even International or GOLD Debit Cards.

Which means you have to use your CC? That's bad. I thought they'd allow Debit Cards to be used for Withdrawals.

NO, paypal doesn't accept ICICI Debit Cards, not even International or GOLD Debit Cards.

Which means you have to use your CC? That's bad. I thought they'd allow Debit Cards to be used for Withdrawals.


mmm yeah... they didn't accept my debit card details for withdrawal.

That is not Paypal issue I think, its the Bank's issue.

You can't even add your Indian Visa or Master debit card to fund your Paypal account.

That is not Paypal issue I think, its the Bank's issue.

You can't even add your Indian Visa or Master debit card to fund your Paypal account.
Yeah, I too feel it must be ICICI Bank. In India AFAIK, except for CitiBank Debit Card you cannot use any of your Debit Cards online.

And i think Citibank DC is also restricted to partner sites. Too bad.

Why MasterCard not available? :(

hi,
indian banks are not allowing direct debit in our visa credit card ....
bye

Hey Guys

Now you can add your Indian bank account to your PayPal account, so you can withdraw your money directly to your bank. It saves you time and gives you faster access to your PayPal funds!

Plus, there is no charge to withdrawal amounts over INR 7000*. So, go ahead and add your bank account today!

:banana: :beer: :clap: :hoppers:

Follow this thread here http://www.webhostingtalk.com/showthread.php?p=4783715

Hey Guys

Now you can add your Indian bank account to your PayPal account, so you can withdraw your money directly to your bank. It saves you time and gives you faster access to your PayPal funds!

Plus, there is no charge to withdrawal amounts over INR 7000*. So, go ahead and add your bank account today!

:banana: :beer: :clap: :hoppers:

Follow this thread here http://www.webhostingtalk.com/showthread.php?p=4783715
You beat me to it. I was just going to post that and start a new thread. ;)

This is the best news from Paypal that I have ever seen.

My withdrawal limit has also increased today from $2500/month to $20000. So I can now withdraw all of my Paypal balance to my bank in one go. It is Diwali folks. :)

This is the best news from Paypal that I have ever seen.

My withdrawal limit has also increased today from $2500/month to $20000. So I can now withdraw all of my Paypal balance to my bank in one go. It is Diwali folks. :)
Probably it's a Diwali Gift from Paypal to it's Indian Users. :) and a nice one too.

Paypal withdrawal to Visa cards now available for users in 26 countries

can any1 give me link to full list of this countries ? i don't find it :-(

https://www.paypal.com/us/cgi-bin/webscr?cmd=_display-approved-signup-countries-outside