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Author Topic: New to paypal.. need help !  (Read 5485 times)

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« on: November 20, 2011, 11:10 »
0
hello friends,
 I just created a paypal account with an email ID. Now i have some curiosity. Please help me-

(1) When I need to link my paypal for reciving my payment (or other transitions) in a site like a microstock site... Do I have to give my complete email account to in desired place to receive payments to my paypal account or what ?

(2) My country currency is not mentioned in the lsit of currency in paypal... So do I have to convert the foreign currency into my local currency after recieving my payment or paypal automatically converts the foreign currency like dollar to my local/country currency ?

(3) Will I have to request for payment to paypal each time I get a payment in paypal or they themself transfer the money to my linked local bank account ? Though I have marked the option (while creating Paypal account) for automatic payment by paypal to bank. Yet want to confirm it.

(4) Can I withdraw money from my bank account by my ATM as i do usually once the payment has come to bank account or there is some different procedure to withdraw money from bank ?


 I know friends.. It might seem silly for some of you but I am totally new to paypal and residing in a distant rural place. so none has any knowledge here about online money transfer,paypal,MB etc.
So i hope you wont mind me asking such questions here and will be helped by you all as i have been since i have joined this fabulous informative site.

Thanking you.


« Reply #1 on: November 20, 2011, 15:22 »
0
(1) When I need to link my paypal for reciving my payment (or other transitions) in a site like a microstock site... Do I have to give my complete email account to in desired place to receive payments to my paypal account or what ?

You just provide the email address that you use for PayPal to the agency.

(2) My country currency is not mentioned in the lsit of currency in paypal... So do I have to convert the foreign currency into my local currency after recieving my payment or paypal automatically converts the foreign currency like dollar to my local/country currency ?

The currency you are paid in stays in that currency within your PayPal account until you convert it to another. You might have balances in several different currencies at any one time. Not sure how you go about withdrawing money from your PayPal account if they don't deal in your own local currency. You'll need to ask them.

(3) Will I have to request for payment to paypal each time I get a payment in paypal or they themself transfer the money to my linked local bank account ? Though I have marked the option (while creating Paypal account) for automatic payment by paypal to bank. Yet want to confirm it.

You normally withdraw money to your nominated bank account on request. It usually takes a couple of working days to arrive but that might vary in your locality.

(4) Can I withdraw money from my bank account by my ATM as i do usually once the payment has come to bank account or there is some different procedure to withdraw money from bank

It varies according to the country you are in. Ask PayPal.

« Reply #2 on: November 20, 2011, 21:57 »
0
ok buddy. thank you for reply.


 

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