Direct Transfer From Paypal to Local Bank Account

[jnik]

with paypal we able to do direct transfer from paypal to our local bank account without money exchanger. all we need just verified paypal account and input our local bank account with code bank.
it is need two days work to finish the transfer payment from paypal to local bank account.
standard : 2 days till 4 days.

thanks for reading

[rage35]

Well. Yeah. That's one good thing about paypal that we can transfer directly to our local bank and there is also a small fee which is really good. Of all the payment processors I have, for me PP would be the best payment processor when withdrawing to bank.

[ryuken]

Which is your country? i think it all depends on the country banks and the paypal status over there to be fast. I have seen the bank withdrawals taking more than 2 days for the money transfer. so yes, it is possible that there are more hours sometimes or maybe even less that what we assume. you can check if that is the case.

[vijay shrestha]

wow thats the great. i came to know about this, thanks for the post. i don't about that but in my country we cannot do that. Mostly here only Alert Pay amount can be taken but for that also we need to have the bank account. I think the thread you have posted is depends on the country.

[Joseph123]

That is why it is adviceable that those who want to enjoy their stay with paypal need to verify their account using their local bank account, this way their transaction would be made easier than ever.

[ryuken]

there is no need for verification for adding bank. you can add bank without verification. verification or the social security number issue is just another formality and it has nothig to do with the withdrawal. there are countries which ofer no storage features for paypal. so you can just have withdrawal, so verification is optional for such people.

[Joseph123]

there is no need for verification for adding bank. you can add bank without verification. verification or the social security number issue is just another formality and it has nothig to do with the withdrawal. there are countries which ofer no storage features for paypal. so you can just have withdrawal, so verification is optional for such people.

You mean one can get his or her fund directly to their local bank account without having a verified account? I never thought that was possible, i thought you had to verify to be able to withdraw fund, and that's one of the reasons why some people uses exchanger for withdrawals

[ryuken]

Yes. atleast this is possible for indian users ebcause indian users can't store money in the paypal account. so money directly goes to the bank. that is the new rule from indian government which paypal has to obey. that is what i have done for many friends too. they can sign up and not verify and yet accept money to the bank.

[vijay shrestha]

There is the disadvantage that the indian users can't store the money in the paypal. There may be some important reason that they are doing this, but i think they must be allowed to stored the money , what if they want to have the online payment through PP? does they have to create the accounts in others payment system?

[jnik]

wow thats the great. i came to know about this, thanks for the post. i don't about that but in my country we cannot do that. Mostly here only Alert Pay amount can be taken but for that also we need to have the bank account. I think the thread you have posted is depends on the country.

yes I guess, we have to open account in the bank that have code number, and I guess the bank has international standard.

[jnik]

Well. Yeah. That's one good thing about paypal that we can transfer directly to our local bank and there is also a small fee which is really good. Of all the payment processors I have, for me PP would be the best payment processor when withdrawing to bank.

yeah... thats good.
The transfer process just between two company PP and local bank without money changer. but the canceling process will causes another fee, and we need careful with typing the receiver (our account name and number).

[r i d d i c k09]

yeah... thats good.
The transfer process just between two company PP and local bank without money changer. but the canceling process will causes another fee, and we need careful with typing the receiver (our account name and number).

There's no money changer in paypal or in their process or you mean of exchanger. Well, they will not allow such only we can have direct transfer if we have linked any bank account or credit card/debit card which can be both used as verification and withdrawal purposes.

[ryuken]

only thing they do is allow the currency changing for example you can get the funds into the AUD, USD and similar other currencies. that is how the things work over there. that said, i think paypal has more limitations these days and it is always better to consider the other payment processor like LR if you have internal money transfer and don't want to withdraw.

[jnik]

There's no money changer in paypal or in their process or you mean of exchanger. Well, they will not allow such only we can have direct transfer if we have linked any bank account or credit card/debit card which can be both used as verification and withdrawal purposes.

yes, feel safe and comfortable with our fund that will not go anywhere by bad hacker. because the transfer will run to bank account that we register in paypal.

[ryuken]

Yes compared to the payza and other payment processor the paypal does a lot of things and get the money back. so basically we are getting the money no matter what happens to our account. i do think that there are ways to consider cheap options for the bank transfer because paypal has low rate of the money transfer IMO.

[jnik]

this performance keep paypal have number of members (customer), I guess paypal will exist for long times in online payment and transfer.

[ryuken]

i have been charged low for the bank transfers. i consider this as a good feature because i have only have to pay for the currrency conversion. paypal usually charges low but they do the ACH transfers. so it is always good for me to have that directly into the bank. i am going to consider this as a means of making quick transfer.

[ogunobojohnbull]

hello, is it possible to withdraw directly from paypal into your local bank account. anyway, there is nothing hard to do. but is a very interesting thing to know or learn from paypal

[jnik]

when our transaction run in simple method, and think that is what we want, the efficiency without using money changer, the simple method from paypal direct to local bank account.

[Joseph123]

I think the direct payment feature is just a great deal i must say, but just that the extra charges for this feature is damn to high mehn, only those with higher funds like thousand or millions of dollars would prefer to use that feature for security reasons so they dont get scammed.