PayPal Withdrawal Facility for Indians

Facilities of PayPal Account

PayPal Withdrawal Facility for Indians
Image Source - https://flic.kr/p/6TWNia
Having a PayPal account provides many facilities these days. A person can easily withdraw any amount available in their Paypal account. Its auto-withdrawal property has proven to be very beneficial for Indians. Let us discuss in detail other facilities that PayPal account provides us.

I had opened a PayPal account couple of months ago. I received my first online earnings of 2.73$. I was a bit excited and happy. Now, I tried to transfer the amount into my bank account. But, I was unable to do so as one has to reach 10$ to transfer money to the bank account. Now, I was a bit nervous.

Because, I knew that according to Indian rules one cannot hold any amount in the account. I was worried that my first earning will be lost, as it has not reached 10$ and within 24hrs the money will be removed. I thought I made a mistake, I would have requested my payout after reaching 10$.

In a state of anxiety I aggressively started collecting information on various websites regarding my problem. But I did not get any relevant article over the topic. Although, there were forum discussions over the topic but could not help me. Unfortunately, I did not get the right answer for my question, whether the amount less than 10$ will be transferred to my bank account or will be erased as it is less than 10$.Then I sent a mail to the PayPal authorities regarding my query. Usually, they take 3-4 business days to reply.

Fortunately, the next day exactly after 24hrs, I received an Email that my PayPal balance was auto-withdrawn. I was very happy to see. I wanted to share my experience with the authors who are new to online earning. This prompted me to write this article.

Benefits

As I have mentioned above, to withdraw amount from PayPal to personal bank account, one needs to have at least 10$ balance. So, if one receives online payments less than 10$ should wait for the next payments to withdraw money till it reaches 10$. But in India, luckily any amount in PayPal account will be auto-withdrawn within 24 hrs to the bank account. In other words, one cannot keep money in the PayPal account.

I found this as a benefit because one doesn’t have to wait till the amount reaches 10$ to withdraw. In case one receives amount less than 10$ need not worry, as it will be auto-withdrawn and will be deposited to bank account instantly.


Let us know how you like this article. Like it and Rate it below.
4.91K 0
0
0 stars - by 0 user(s)

Related Articles

If you are a NRI and think that it is not compulsory for you to obtain a PAN number in India, think again. If you generate income in any form in India, you are entitle to file income tax returns and hence required to apply for a PAN number.

HR policy on Company Transport and Transport reimbursement states that an employee will be reimbursed for transportation costs which may include any kind of transportation or accommodation when going on a business trip. In this article we will discuss various company transport policies and reimbursement in detail..

Starting a small business is without a doubt a big challenge for everyone. But it can easily be done by someone who has good work ethics, responsibilities, a good plan and a lot of resources.

Post Your Comment

There are no comments yet.