Finally - Withdraw Paypal fund to Indian Banks - Yes, legal way

[harsha0498]

thank you for the step by step instruction.You have posted,well researched information in detail.

[manishjha18]

hi--
i have a problem.i have a paypal account(1.95 $ balance).and mine hdfc credit card is verified too.but i cant add fund to my paypal account.i am getting an error "PayPal does not currently offer the ability to add funds from your bank account. """""


and in ebay i am getting the error""This card cannot be used for this transaction. You can complete the checkout with another debit or credit card. Please enter your new card information below."""

[amol48]

Originally Posted by manishjha18

hi--
i have a problem.i have a paypal account(1.95 $ balance).and mine hdfc credit card is verified too.but i cant add fund to my paypal account.i am getting an error "PayPal does not currently offer the ability to add funds from your bank account. """""


and in ebay i am getting the error""This card cannot be used for this transaction. You can complete the checkout with another debit or credit card. Please enter your new card information below."""

You CANNOT add funds to paypal from indian bank or credit. You can however use your credit card linked to paypal to make payments.

Regarding your ebay error it's entirely a different issue. Check with your credit card support for that.

[manishjha18]

then how i am supposed to buy things- the moment i use my hdfc credit card i get the error.i have tried in eBay only till now.any ideas--do i have to do internet activation of the card.

[amol48]

Originally Posted by manishjha18

then how i am supposed to buy things- the moment i use my hdfc credit card i get the error.i have tried in eBay only till now.any ideas--do i have to do internet activation of the card.

Like I have said earlier you will have to contact your credit card customer care to regarding the error you get. Paypal has nothing to do with that. Also, you can pay by debit cards too now on ebay.in. They have started accepting all debit cards that have a CVV number.

[manishjha18]

i called up hdfc guys--they r confused.they r saying it should work.
i have pay by paypal only--the buyer wants in paypal--i think most of time u need paypal if u ship from usa-
i have a differnt query though--if i need a refurbished ipod from apple --how to get it. they ship to usa only-- same is with new zune hd

[sandeepk]

@manishjha18
I too came across similar problem. It seems that there is some problem if you use defaults to pay from PayPal using Indian credit cards. There is option to choose the way money is converted to dollars for PayPal. One option is to use PayPal calculator and other is to let the bank decide. Choose second option. This will solve the problem.

[blademast3r]

Hey guys.. To transfer funds directly to bank accnt do i need to notify my bank that i am transfering the funds or smthin? i just put the IFSC and acc no ? no need to fill a form or smthin AT the bank?

[din]

@blademast3r

No need to inform the bank, no need to fill up forms. It may take a few days for the NEFT transfer from Paypal to your bank account, and it will get reflected in the account statement / online statement.

[manishjha18]

hey--it would be nice if u can give me step by step process to do that---
dude i am really hanging on this thing

[din]

@manishjha18

Nothing complicated in this. Actually details are given in the first page of this topic, including links to NEFT codes.

Basically, after you login to your paypal account, there is a link 'Withdraw'. You can select 'Widthdraw to bank account' there. If no bank accounts are already added, it will redirect to the 'Add bank account' page. There you need to enter your name as in the bank records, your bank account number and the NEFT code of the bank. Thats it.

Now, go back to 'Withdraw money to bank account' link, enter amount, select account from the dropdown and submit. Wait for 3-4 days (it may take more than that sometimes) and money will be there in your account.

[saqib_khan]

And how much do we get charged when we withdraw money less than 7000 INR. Do you know that?? I want to know abt this.

[din]

Detailed info here - http://pages.ebay.in/paypal_bankaccount/

If the withdrawal amount is less then Rs.7000, they will charge Rs.50, not bad at all.

[blademast3r]

thanks din.. but i DO need to have net banking enabled?

[din]

You need not enable net banking. If you have enabled it, you can easily check whether the money has come. Else you can check it at ATM or enquire at bank branch.

Or you are confused on net banking and NEFT ?

[saqib_khan]

@din , what should I do to add funds to my paypal a/c ?

When I click on "Add funds", it says "PayPal does not currently offer the ability to add funds from your bank account.
When you make a payment, PayPal charges the buyer's credit card and instantly credits the seller's PayPal account".

SO how can I add funds to my paypal a/c ? I dont have a credit card.

[din]

@saqib_khan

You can't add funds to paypal from your bank account. We can withdraw funds from paypal to Indian bank accounts, but not vice versa.

Adding funds - only through paypal fund transfer or adding a credit card.

[Itz_Me!!!]

@Din

I have a Paypal account in India & US and credit cards in India (HDFC, HSBC, SBI, ICICI and CITIBANK).

Now my question is-
1. Which Credit card is the best out of the above to transfer money to my Indian Paypal account (Please mention the CC even if it is not one of the listed ones as I have friends with different CCs)

2. Is it possible to transfer money to the US Paypal account from the Indian Paypal account or directly from CC. If yes then how? If no, then what is the best way to transfer money to a US paypal account?

In all the above scenario's best method means the cheapest method

Thanks in advance...

PS: Please direct me if these questions have been asked earlier.