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The currency of your check will depend on your country of residence.
Members in Argentina, Brazil, Chile, China, Ecuador, Jamaica, or Uruguay will receive their check denominated in US Dollars
Members in India will receive their check denominated in Indian Rupee
I hope you have got your check :)....but if you haven't got, would you mind sharing the information about what did you do for the check and all?
PayPal charges $5 per withdrawl. Ordinary post only costs about 10 cents and courier services cost about 20 cents. I am not sure why PayPal cannot afford the extra 10 cents and go for the courier service.
Moreover, I do not like their Support. It seems they have made some templates and keep replying with those rather than reading the query carefully and giving a particular answer.
Having said that, I am grateful to PayPal also because it has sovled my problem to receive payments from abroad. Wire transfer is very expensive, $50 per transaction, whereas PayPal only $5 per withdrawl. A difference of $45, that is huge difference, atleast for us Indians, atleast for me.
I am from India and I recently created an account with Paypal. I dont have any credit card to verify my Paypal account. Today I noticed that there is a monthly and total withdrawal limit for my Paypal account. Monthly limit I can understand. But what is this total limit? Does it mean that when my account crosses the limit, it will be useless until I verify it using a credit card?
Looking forward to your help
BTW, I haven't received my check which has been requestd 16 days ago. I hope I get it. I think the record breaking flooding rain here in Mumbai are delaying my check. I hope it isn't lost and comes at my doorstep someday. Oh PostMan, someone somewhere is really waiting for you to arrive! :) ;)
"The monthly withdrawal limit is the amount you can withdraw per month until you must verify your account. A month is counted from the time the PayPal account is opened (e.g. May 15 to June 15). The total withdrawal limit is the amount you may withdraw until you must verify your account. When your total withdrawal limit is depleted, you will no longer have a monthly withdrawal limit and you will have to verify your identity before you will be able to withdraw funds from your PayPal Account. If you are registered from any Non-US country other than Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, or the United Kingdom, you may be granted a monthly withdrawal limit until you confirm your identity by completing the Expanded Use Enrollment Process."
What is it supposed to mean? Has anyone encountered such a situation before?
If you specified credit card info, you will get a 4 digit number in your credit card statement. Use to 4 digit number to get verified. Then you can withdraw $2500 per month and there would be no one-time limit...Got it?
I may be wrong but I think I am spot on.
Which are the Indian Banks which provide true credit cards which will be accepted by Paypal?
"The total withdrawal limit is the amount you may withdraw until you must verify your account. When your total withdrawal limit is depleted, you will no longer have a monthly withdrawal limit and you will have to verify your identity before you will be able to withdraw funds from your PayPal Account."
Monthly withdrawl limit: $500
Total withdrawl limit: $2500
So say you withdraw $400 each month. For the first 6 months, you will have no problem. Then in the seventh month, you can only withdraw $100 and nothing else afterwards.
One alternative solution would be to create a new account every 6 months or so...
Monthly withdrawl limit: $2500
Total withdrawl limit: NIL
As always, I may be wrong but it is very unlikely.
I received my two cheques anyhow from paypal.. but it is because of God's grace. Postal guy droped the cheque at the basement of my building.. and somehow someone saw that and given to me..
So untill and unless Paypal is not offering FedEx service, it is not worth to order the cheque. You guys must know our Indian Postal Department.
I get google cheque per month via FedEx and that is very good way to get money. I am wondering why Paypal is using that kind of unsecure method to send cheque, even Paypal is only for money transaction and if Google is that much secure.. Paypal should learn how to process payments in other countries.. because Postal department is not good everywhere like USA and Canada.
Anyway, I wil not withdraw anymore money from paypal untill they have FedEx Facility because my luck is not gonna be with me all the time.